The cryptocurrency market declined 1.91% over the previous 24 hours, extending its weekly loss to five.47%. Key catalysts behind the dip embrace the unwinding of leveraged positions, technical breakdowns for tokens beneath their vital help ranges, and combined macroeconomic alerts as merchants brace for September’s volatility.
Regardless of the general decline, altcoins narrowly outperformed Bitcoin (BTC) on the again of remoted, project-specific rallies. In line with our evaluation, the perfect cryptos to purchase now are: Polygon ($POL), PlaysOut ($PLAY), and Loopring ($LRC).
Crypto Market Dips Amid Macro Tailwinds, however Altcoins Proceed to Outperform Bitcoin
On the time of writing, Altcoin Season Index (ASI) stands at 51/100, whereas BTC dominance fell by 0.06 proportion factors to 57.31%.
Though altcoins are gaining floor over the alpha cryptocurrency, they lack the sustained capital rotation essential for decisive market management, as institutional capital stays anchored in BTC or ETH.
The ASI has crossed into “impartial” territory, reflecting a tentative shift in direction of alts, however with out the broader momentum that’s typical of a full alt season.
BTC liquidations surged by 180% in 24 hours to $29 million, with perpetuals funding charges dropping by 42% weekly. Regardless of the falling costs, crypto open curiosity rose 1.45%, signalling pressured promoting throughout the board.
Over-leveraged lengthy positions received caught as ETH confronted a $1 billion liquidation cliff as its value dropped to $4,400.
In the meantime, cryptocurrencies confirmed average correlation with the Nasdaq over the previous 7 days as merchants eagerly await Friday’s US jobs knowledge. Throughout that point, the worth of gold surged 2.3% as traders made a flight to security, implying strain on danger property like equities and crypto.
With odds suggesting that the Federal Reserve may delay price cuts till 2026, crypto will want stronger institutional inflows to offset retail warning. A weak jobs report may spark risk-off strikes, whereas a powerful quantity would possibly revive the market.
Finest Cryptos to Purchase Right now (09/01): $POL, $LRC, $PLAY
The most effective cryptos to purchase right now embrace POL, LRC, and PLAY as they present sturdy momentum, key technical breakouts, and favorable 2025 forecasts.
| Token | Present Value | Quick-Time period Danger | Key Help / Resistance | 2025 Value Forecast (Min–Max) |
|---|---|---|---|---|
| Polygon (POL) | $0.2814 | RSI 69.68 (Bullish momentum however close to overbought, volatility danger) | Help: $0.226 – $0.231, Resistance: $0.2699 / $0.294 / $0.3266 | $0.1960 – $0.2843 |
| Loopring (LRC) | $0.1006 | RSI 73.29 (Robust shopping for strain, overbought warning) | Help: $0.090, Resistance: $0.102 / $0.1178 | $0.1039 – $0.1129 |
| PlaysOut (PLAY) | $0.0490 | RSI 61 (Bullish however leverage-driven volatility danger) | Help: $0.046, Resistance: $0.0526 / $0.067 | $0.0354 – $0.0488 |
1. Polygon (POL)
Supply: TradingView
POL (ex-MATIC) rose 5.6% over the past 24 hours, extending its 30-day rally. Its surge was pushed by ecosystem development, strategic upgrades, and bullish technical breakouts. POL has managed to outpace the broader crypto market, which declined by almost 2%.
The overall worth locked (TVL) on Polygon surged 43% year-to-date in August to $1.23 billion, led by DeFi protocols like QuickSwap, which noticed a 13.4% improve in inflows, and $2.56 billion in stablecoin transactions over the previous two months.
Elevated on-chain exercise alerts natural demand for POL because the community’s native fuel token. In the meantime, strategic partnerships with Starbucks by means of an NFT loyalty program and Disney’s metaverse plans have added credibility to POL, aligning with the undertaking’s concentrate on enterprise adoption.
97.83% of MATIC holders have upgraded to POL by August, considerably lowering its promote strain. Nevertheless, liquidity outflows of $263,000 in 24 hours and a decline in derivatives open curiosity spotlight lingering bearishness for Polygon.
Whereas the token migration course of reduces provide delusion dangers, POL repeatedly checks the demand zone between $0.226 and $0.231, suggesting that some merchants stay skeptical about its sustainability.
POL broke above its 30-day SMA ($0.239) and 23.6% Fibonacci resistance ($0.2699), with an RSI of 69.68 signalling bullish momentum. Its MACD histogram has turned constructive at +0.0016, confirming upward value strain.
This implies merchants are reacting positively to POL’s breakout from a multi-week consolidation, and focusing on greater resistance on the 127.2% Fibonacci extension of $0.3266.
Rising buying and selling quantity can be supporting this transfer, however the RSI is closing on an overbought degree, creating near-term volatility danger. An in depth above the swing excessive of $0.294 may set off FOMO-driven shopping for.
Will probably be essential for POL to take care of its value above $0.2699 (23.6% Fib) amid rising Altcoin Season Index and Friday’s US jobs knowledge, which may have an effect on crypto liquidity.
On the time of writing, Polygon (POL) is buying and selling at $0.2814, representing a 3.63% improve within the final 24 hours. In line with our technical evaluation primarily based on its present market value, in 2025, POL is predicted to alter fingers in a buying and selling channel between $0.1960 (Low) and $0.2843 (Excessive), with a mean annualized value of $0.2195. This might lead to a possible ROI of +0.83% over its present price.
2. Loopring (LRC)
Supply: TradingView
LRC rose 9.98% over the previous 24 hours, outpacing the broader crypto market’s decline throughout the identical interval, whereas extending its 30-day acquire to 25.74%. Key drivers embrace a technical breakout, Binance margin changes, and bullish sentiment within the altcoin market.
On August 8, crypto alternate Binance diminished LRC’s collateral ratio for portfolio margin from 40% to 25%. This lowered collateral necessities permit merchants to take bigger leveraged positions with much less capital, growing liquidity and speculative curiosity for the token.
It additionally aligns with the $20 million in lengthy liquidations for LRC in July, reflecting heightened buying and selling exercise. Merchants want to watch open curiosity and funding charges on derivatives platforms like Binance for indicators of over-leverage for Loopring.
The Altcoin Season Index rose 61.76% over 30 days, signalling capital rotation from Bitcoin into alts. LRC’s 25.74% month-to-month acquire mirrors this development. Which means mid-cap tokens like LRC typically profit throughout altcoin rallies as merchants search higher-beta performs.
Nevertheless, the token’s volume-market cap turnover ratio of two.43 suggests dominating speculative buying and selling, growing volatility danger. Look out for a development reversal in Bitcoin dominance, which may prolong altcoin positive factors or set off profit-taking.
LRC broke above a falling wedge sample on the day by day chart, which was confirmed by a 7-day RSI of 73.29 and a bullish MACD crossover. Its value has surged previous the Fibonacci retracement degree at $0.090, with its 24-hour buying and selling quantity up 2,340% to $334 million.
The breakout suggests a reversal from a multi-month downtrend, and merchants typically interpret the falling wedge patterns as bullish reversal alerts, particularly when mixed with excessive quantity. The RSI nearing overbought territory signifies sturdy shopping for strain however raises short-term warning.
Sustaining the worth above the 38.2% Fibonacci degree at $0.102 may goal the $0.1178 swing excessive. Failure to carry on the $0.090 Fib retracement degree might set off profit-taking, and the alternative may problem the $0.10 to $0.11 resistance zone.
On the time of writing, Loopring (LRC) is buying and selling at $0.1006, representing a 7.37% improve within the final 24 hours. In line with our technical evaluation primarily based on its present market value, in 2025, LRC is predicted to alter fingers in a buying and selling channel between $0.1039 (Low) and $0.1129 (Excessive), with a mean annualized value of $0.1096. This might lead to a possible ROI of +15.34% over its present price.
Additionally Learn: Prime 6 Crypto Mining Websites in 2025 | Finest Platforms for Worthwhile Mining
3. PlaysOut (PLAY)
Supply: TradingView
PLAY rose 2.30% over the past 24 hours, extending a 44% month-to-month rally and diverging from a -1.02% dip within the broader crypto market. This surge was pushed by alternate itemizing and leveraged buying and selling demand for the PlaysOut token.
Prime.One alternate launched PLAY/USDT perpetual contracts on August 5 with as much as 1000x leverage. This got here per week after Binance Futures listed the token. Excessive-leverage merchandise sometimes appeal to short-term merchants, boosting buying and selling volumes.
Leveraged buying and selling amplifies volatility, as mirrored by PLAY’s 24-hour buying and selling quantity surging 96.3% to $476.8 million, indicating heightened speculative curiosity. Derivatives typically precede spot value developments as merchants front-run liquidity shifts.
Merchants must control funding charges and adjustments in open rates of interest for PLAY, as a sustained constructive price may sign overcrowded longs, risking a squeeze.
Binance Alpha performed an airdrop for the PLAY token on August 1, which required customers to carry greater than 200 Alpha Factors, driving accumulation. Traditionally, Binance-led airdrops have seen a 30-50% short-term spike in costs.
Whereas preliminary demand for PLAY was synthetic, as customers purchased to qualify for Binance Alpha, the 24-hour declare window probably created residual purchase strain. Nevertheless, post-airdrop sell-offs are widespread, as PLAY’s -7.29% drop in 1 hour hints at profit-taking.
PLAY is presently buying and selling above its 7-day SMA ($0.046) and EMA ($0.049). Its 14-day RSI sits at 61, comfortably away from overbought territory.
This SMA/EMA crossover suggests bullish momentum, however the Fibonacci retracement reveals resistance at $0.0526. Nevertheless, a break above the $0.053 pivot level may goal the 38.2% Fib retracement at $0.067.
On the time of writing, PlaysOut (PLAY) is buying and selling at $0.0490, representing a 3.19% improve within the final 24 hours. In line with our technical evaluation primarily based on its present market value, in 2025, PLAY is predicted to alter fingers in a buying and selling channel between $0.0354 (Low) and $0.0488 (Excessive), with a mean annualized value of $0.0390. This might lead to a possible ROI of -0.15% over its present price.
Ultimate Ideas on Finest Cryptos to Purchase Now: $POL, $LRC, $PLAY
The rallies behind the best-performing cryptocurrencies of the day – Polygon (POL), Loopring (LRC), and PlaysOut (PLAY) – have been sector-specific however performed a key function in altcoins’ outperformance over Bitcoin.
The Altcoin Season Index hit 51/100, barely crossing into impartial territory, as merchants shift capital into high-beta performs. In the meantime, Bitcoin’s market dominance has dropped from 61.25% in August to 57.31% in September.
Whereas BTC and ETH fell 4.29% and 6.6% weekly, respectively, smaller alts like LRC and PLAY rallied on project-specific catalysts. Nevertheless, for the reason that majority of the alt positive factors have been concentrated in low-cap tokens, it didn’t undoubtedly set off an altcoin season, as the highest 100 alts have underperformed Bitcoin over the past 30 days.
A key occasion driving altcoin demand occurred when a whale swapped $3.7 billion in BTC for ETH over 11 days. This transaction is taken into account one of many yr’s largest BTC to ETH shifts, suggesting that giant market gamers are anticipating an altcoin upside however are ready for clearer macro triggers, akin to a Fed price lower.
Regardless of their constructive market efficiency, cryptocurrencies are extremely unstable and vulnerable to macroeconomic developments, which is why we advocate that readers conduct correct due diligence and search knowledgeable recommendation earlier than investing. The contents of this report are purely for informational functions and shouldn’t be construed as funding recommendation.
