Quick Facts:
- 1️⃣ The lower-than-expected US CPI data released on Saturday fueled hopes that the US Fed will cut rates yet again.
- 2️⃣ This anticipation has helped pump Bitcoin back to $115K after hovering around $110K in the past several days.
- 3️⃣ Should a rate cut happen, expect more demand for the best crypto to buy, like Bitcoin, Hyper, and Snorter Token.
Happy days are here again as the potential for a new round of rate cuts in the US helped push Bitcoin ($BTC) back to the $115K level.
Based on several trusted analysts, the US Federal Reserve is expected to cut rates further, which should make borrowing cheaper and fuel appetite for high-risk assets like cryptocurrencies.
Due to this, we can expect increased demand for some of the best crypto to buy at the moment, including Bitcoin Hyper ($HYPER), as well as the Snorter Token ($SNORT) presale, which closes today.
Low US CPI Fuels Rate Cut Outlook
Bitcoin returned to $115K today after spending most of last week hovering around $110K. This is one of the most evident signs yet that traders are anticipating a rate cut from the US Fed during its upcoming meeting on October 29.
Fueling this expectation is the 3% increase in the US Consumer Price Index (CPI) revealed by the US Bureau of Labor Statistics on Saturday. This was below the expected CPI of 3.1%, which could be a factor for the Fed to cut rates yet again.
🧠 Traders will certainly welcome a new rate cut as this would make borrowing cheaper and boost the attractiveness of high-risk assets such as cryptocurrencies.
With the Fed’s next meeting just two days away, we can expect a flurry of activity in the market.
As such, it always pays to look out for these projects that are shaping up to be the best crypto to buy:
1. Bitcoin Hyper ($HYPER) – Adding Speed and Low Cost to Bitcoin Transactions, and Expanding $BTC’s Utility
When it comes to cryptocurrencies, Bitcoin needs no introduction. But while it’s the largest crypto by market capitalization, it’s not the fastest.
In fact, it can only handle up to seven transactions per second (TPS), while the likes of Solana can theoretically handle up to 65K TPS. These slow transaction speeds result in high transaction costs, which have been a long-time issue for Bitcoin.
Additionally, you can’t use $BTC for anything other than as a store of value. That means no staking for this cryptocurrency.
That’s where Bitcoin Hyper ($HYPER) comes in. It aims to develop a Layer 2 network that will run on a Solana Virtual Machine, delivering Solana-level speeds and low costs to the Bitcoin ecosystem.
It’ll also feature a canonical bridge, which will enable you to send your $BTC to the L2 and utilize it for various applications, including staking, trading, and interacting with dApps.
To receive perks such as governance rights and access to exclusive features, consider acquiring its native $HYPER token.
Each token costs $0.013175, which you can also stake to enjoy 47% p.a. in staking rewards. Considering what you get for such a small amount, it’s no wonder that the Bitcoin Hyper presale has already raised nearly $25M.
Get your Bitcoin Hyper tokens here.
2. Snorter Token ($SNORT) – Powering an Up-and-Coming Crypto Trading Bot—Presale Ends Today
With only a few hours before the Snorter Token ($SNORT) presale ends, we’ll give you everything you need to know as quickly as possible.
It’s a fundraiser to develop Snorter Bot. This Telegram-native crypto trading bot will let you do nearly everything you need to do to trade, including sniping, copying trades, and managing your portfolio.
In addition, it’ll have a rugpull and honeypot detection feature that will protect you from scams when you’re buying the latest meme coins.
With Snorter Bot, you’ll no longer have to jump from one platform to another just to do things like researching and trading. This gives you the speed you need to compete with whales in the lucrative meme coin market.
Currently, you can purchase $SNORT tokens for $0.1083. Doing so will offer several benefits when Snorter Bot goes live, including low transaction fees, unlimited snipes, and access to exclusive features.
Of course, you can also stake your tokens. The team is offering 99% p.a. in staking rewards, but this rate is subject to change as more investors lock their tokens in the staking pool.
But time’s running out for one of this year’s best crypto presales, so don’t delay.
Join the Snorter Token presale today.
3. Etherchain ($ETHAI) – Building a Next-Generation Blockchain Technology
Etherchain ($ETHAI) is a project aiming to revolutionize the marketplace with its next-generation consensus protocol, Proof-of-Intelligence (PoI).
Using PoI, network nodes will earn rewards when they execute high-value AI tasks, including real-time inference, model training, and algorithmic optimization.
This approach leverages the power of AI to propel the industry forward while helping to secure the blockchain network.
Aside from PoI, Etherchain also features an Artificial Intelligence Virtual Machine (AIVM). You can think of it as a VM explicitly designed for AI tasks. With AIVM, you’ll be able to perform AI tasks right on the blockchain itself.
To raise funds for the project, the team is running a presale of its $ETHAI token. At this stage, half of its 50B token supply will be sold, offering exclusive benefits such as governance rights and priority access to features like the Memecoin Launchpad.
Each $ETHAI token costs just $0.1805, but as always, there’s a price coming less than a day from now. Therefore, if you want to acquire $ETHAI at its current price, it’s best to act quickly.
To get started, visit the official Etherchain presale website, connect your cryptocurrency wallet, and complete the payment using Ethereum ($ETH) or Tether ($USDT). Next, check your crypto wallet to ensure receipt of the tokens.
To date, the presale has raised a whopping $2.599M, and is showing no signs of slowing down.
Read the Etherchain whitepaper for more information.
With the next US Fed meeting happening soon, it’s almost sure that the market will have a flurry of activity in the coming days. In the meantime, be sure not to miss the best crypto to buy, like Bitcoin Hyper ($HYPER) and the Snorter Token ($SNORT).
Disclaimer: Do your own research. This is not investment advice.
Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/best-crypto-to-buy-bitcoin-recovers-to-115k
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