October is here and a lot of people are  excited for the cryptocurrency market  because we have been beaten down so much  throughout the rest of the year and now  they're signs of a pivot coming from the  fed and a lot of people are wondering  where should they invest their  hard-earned dollars into crypto I'm  going to go over five of the top cryptos  to buy now in the cryptocurrency market  now of course there are disclaimers my  portfolio is not your portfolio I'm not  buying all of these myself even I hold  positions and all of them except for one  which I had a position in a while ago  but I'll go through that as we walk  through it just know that I'm not  telling you what to buy you have to do  your own research you can skip around  too if you want but I would highly  suggesting through to the end because  there's a lot that we have to cover now  the cryptocurrency market cap is down  under a trillion dollars as I said we've  been being down pretty far this year and  that's most uh mostly due to the fact  that the FED has been raising rates so  aggressively and causing a lot of people  to think that we're going into a  recession now we still have some things  out on the horizon that are scaring  people like the Ukraine Russia War like  credit Swiss that now is possibly going  to uh fall because of poor financials  and their credit spreads we also have  the dxy which is raced up all year long  pretty much the dollar destroying all  other currencies including Bitcoin but  also a lot of global currencies which  isn't great for uh for stocks in general  and that's not great for crypto either  and now we are seeing it come down a  little bit we had it around 115 just a  few days ago now it's around 110 so  we're starting to see a little bit of  relief in the markets and we just got  news yesterday of un warning that  there's possibly going to be a recession  due to in imprudent monetary policy  basically saying hey the US is raising  rates way too aggressively you have to  stop doing that because it will crush  other countries and it'll generate a  huge recession so there's a little bit  of pressure being put on the Fed  we also have just Monday uh the whopping  10 basis point of cuts now expected in  2023 so before this just a few about a  week or two ago the market was really  being hammered and that was mostly due  to the fact that we thought we were  actually going to see more uh more  raises at the end of 2023 than the  beginning we're going to see a higher  fed funds rate I should say at the end  of 2024 instead of 2023. compared to  back when the market was doing really  well we were thinking that we're  actually going to see this pivot in 2023  and we're going to have the FED actually  lowering rates now we're starting to see  a little bit of Market excitement  because we are seeing that flip back  around and we are now expecting as of  Tuesday because I am recording this a  day ahead of time we are expecting them  to actually lower rates throughout 2023  from the beginning to the end we are  expecting some kind of rate cuts and  we're expecting the FED to Pivot here  soon and just stop raising rates so  aggressively now I do want to say before  we get into this specific cryptos right  this is an exciting time if the FED  u-turns or if they pivot I should say  because that's going to come before our  U-turn If the Fed pivots it's going to  be great for the markets and that's what  I think we're pricing in on Monday and  Tuesday at least that's why the market  is moving up so aggressively so there's  a lot of excitement for this if they  don't raise rates if we go into a  massive recession or something like that  if something else collapses or if  Ukraine and Russia ramp up the war that  could all be pretty negative towards  cryptocurrency and the stock market but  we have been beaten down a lot which is  why I think we do have to still look at  some of the best assets to look at  because I think at this point there's a  greater chance that we see a bounce in  October than we see it fall so just do  your own due diligence now if you want  some free money  you can get the link underneath the  video to MooMoo and start depositing you  can get up to 15 free stocks you can get  thousands of dollars so take advantage  of that even if you sell off the stocks  and put it into crypto it's a super easy  way to make money so  let's look at the first Crypt over here  Bitcoin Bitcoin is my first one just a  couple different things you have to  realize credit switch just came out with  how many millionaires are in the world  62.5 million at the end of 2021 this is  up from I believe it was 54 55 million  last year so a lot of a lot of new  millionaires were created last year we  grew over 10 percent uh in one year now  this means that there is less than half  a Bitcoin I think it's right around  point three Bitcoin or so for each  person there's a Cap supply of Bitcoin  that is just around 21 million and it's  going to be harder and harder to get  your hands on one Bitcoin that's not  even accounting for all the Bitcoin  that's already held by large entities  that aren't going to sell like  microstrategy they have almost one  supply of the overall market cap or one  supply of the overall circulating supply  of Bitcoin especially when you take into  account all the Bitcoin that's loss  right there aren't actually 19 or 20  million Bitcoins circulating right now  because a lot of it has been lost early  days people just didn't see the value  and they threw out thumb drives or  Satoshi holds a million Bitcoin so there  are a lot of a lot of people that just  won't be able to get a full Bitcoin so  that's a goal to get to one full Bitcoin  we also have so many governments making  so many I don't want to say bone-headed  decisions but so many questionable  decisions over the last couple years  from printing into Oblivion to starting  to raise rates to some countries having  to go back and start cutting rates again  or lowering taxes or coming in and  bailing out bonds  a lot of people just aren't going to  trust the monetary system and they don't  so many people don't realize that  there's a better solution to it but  Bitcoin can't be changed it can't be uh  or it won't be changed in terms of  circulating Supply there's just such a  reason to hold it in this kind of  environment where your dollars are being  inflated away right in the US we have  over eight percent inflation still other  countries have 15 17 70 inflation right  so there's never been a better reason to  hold it than when we see all this  happening also just looking at what  happened with the Ukraine there's such a  utility for Bitcoin too being able to  send it across the world and we're not  just talk about someone trying to move  you know a billion dollars or something  like that and not having to move it in  Gold but holding a scarce asset like  Bitcoin where they can move it over in a  click for a dollar or something like  that we're also talking about people  that literally aren't allowed outside of  their country tree or have to escape and  the only thing they have is what's in  their head so you can hold on to a seed  phrase a lot easier than you can hold on  to gold or something like that so it's a  great thing to have if you are someone  that is in trouble  now we also saw the Canadian trucker  movement where people were actually cut  off Frozen from their accounts if they  were just thought of as being part of  that without even having any kind of due  process so again just more governments  more uncertainty I think it's a great  thing to have kind of like you want  probably guns bullets water if you're an  end of the world person if you're  worried about that kind of thing you  want Bitcoin in case of their in case of  economic uncertainty as well  we also have big institutions starting  to raise money to buy Bitcoin naidig  just raised 720 million dollars possibly  to buy Bitcoin  this would be 36 000 Bitcoin that  they're buying and there are other  companies and people that are doing the  same thing they're just accumulating so  looking at the Bitcoin price first let's  look at the weekly here the 200 week  moving average is right around 23 600  and Rising  we're around twenty thousand one hundred  at the time of this recording so we're  below about 15 percent uh below the 200  week moving average  historically a great time to be buying  typically we don't see more than two  weeks under this 200 a week moving  average now we've seen a couple months  with the exception of just a few weeks  here a couple months where we've seen  this and we've held support here at 17  500 we've bounced a couple times above  that Mark so we haven't tested the prior  lows and it's looking like this is a  really good time to be buying  historically we also have some people  saying that they're buying in for the  first time uh they thought we were going  to fall lower and now they're actually  going to start dcing which I think is  positive as well when we look at the one  day here the one day chart you can see  this down this trend line that we've not  been able to break through  we're getting really close actually we  just technically I believe we actually  just broke through it so when we look  down here we just broke through and this  is a something that we've seen uh us get  rejected from for a year basically I  think it's actually uh since last  November so 11 months so we're breaking  through this now that's positive if we  also look a little bit closer in right  let's look at the four hour here we  actually have just a small area here too  that we broke through uh when we look  here we bounced off of it twice it got  rejected by it twice and then broke  through it last night I talked about  yesterday in my video how I was long at  that point I actually did a 50x long  which I don't typically do I only did it  with 75 75 but when you look here I'm up  160 percent so you can make these low  plays too when the markets kind of  sideways but and you can still make a  lot of money now there there's a ton of  risk in a 50x long and I would not do it  with any sizable position in my  portfolio but I'll take 113 dollars  that's awesome so if you guys want to  sign up and do that yourself there is a  link to bit get underneath the video  where you can start longing and shorting  and with the link underneath the video  you can sign up and get 15 usdt for free  so it'll start you on your way a little  bit then we also have ethereum that's  crypto number two we had the merge  happen back when was that back in  September about halfway through the  month and so far it's I think it's been  really successful we had a sell-off when  this happened and that was what we were  expecting anyways we weren't expecting  it to go to the Moon especially in this  kind of Market environment  but since that happened the supply of  ethereum has gone drastic drastically  down so we've had about 11 000 new  ethereum issued it would be about 3.8  percent if we didn't go to proof of  stake  so the hat is really bullish we cut down  on the new Supply issued by almost 20x  we also have the fact that Bitcoin is  still 10x more inflationary than  ethereum now and this is when ethereum  isn't being used that much either it's  not like there's a lot of fees happening  or that's really expensive right now  because there's not much excitement in  crypto we don't have like a big nft boom  or play to earn or anything like that  exploding so the fact is that this will  go down probably even from here and  probably go negative as we get more and  more people into cryptocurrency and as  we get more people back into  cryptocurrency even just from uh you  know a year or two ago so this will be  really deflationary in my opinion we  also have the fact that it just changes  how people  hold ethereum like before we had  ethereum miners that were constantly  selling now we're going to have ethereum  stakers that constantly stake so there's  no there's not going to be that selling  pressure on ethereum all the time  because people can just leave it staked  and make more and more money and stack  and stack and stack especially with it  being deflationary people are going to  want as much big as much ethereum as  possible so I would definitely look at  ethereum we also have a downtrend line  going back from November last year and  it's not perfect but you can see we kind  of went just above it here and then  below it we haven't come up to meet it  again but if we could break through that  I think that'd be really bullish right  now it's in around  1650 or so if we go out a couple weeks  so it's down to in the 1500s so I would  definitely pay attention to ethereum I  think it's going to be fantastic after  the merge then we also have polygon  that's crypto number three polygons  Partnerships over the last 12 months  DraftKings NFL Adobe Starbucks Disney  Mercedes meta Reddit they are fantastic  so they have some of the biggest  Partnerships they've been working the  most they have some of the biggest  Investments that they've been making  we're talking about like hundreds of  millions of dollars uh infested in sdks  and uh Roll-Ups that's going to be  fantastic and it's going to take some  time  but I think when we see the next Bull  Run  and so many people are looking at  ethereum thinking why am I paying three  dollar gas fees or 20 or 200 people are  going to go to polygon and polygon still  is so much uh so much scaled up from  ethereum ethereum still doesn't process  many transactions per second and for  anything that's high volume like all of  these things they're going to need  something like polygon so like Starbucks  wants an nft reward system for holders  and they can get drinks and special  special things like that  uh so I think there's still going to be  such a use case for polygon for a long  time and right now  there's still quite a small market cap  they're only seven billion dollars I  mean that's still larger in crypto don't  get me wrong it's top 11 but when you  compare that to something like ethereum  we're talking about uh orders of  magnitude smaller right like 30X smaller  they also announced back in August that  they have now 37 000 dapps and 11.8  000 active teams working on polygon many  projects are increasingly choosing to  build solely on polygon Alchemy data  shows that 74 percent of teams  integrated exclusively on polygon  there's a reason for this it's very low  cost it's very high transaction speed  I've worked on it before too you know  instead of waiting 10 30 50 seconds uh  for something to go through it happens  in a second or something like that  so  still being down pretty far from a tie  it was at three dollars now it's at 84  cents of course it could go down further  it went all the way down to eight it  went all the way down to 33 cents and  has rebounded really well now it still  looks like it's falling down a little  bit here recently but that's just the  overall softness in the market and keep  in mind too with this  I am buying exclusively Bitcoin because  I think the Bitcoin dominance is really  low and I think a lot of cryptos will  bleed against Bitcoin so I'm not saying  to necessarily go out and buy all these  altcoins now I personally am buying only  Bitcoin but I am wanting to buy more of  these and once we see a confirmed pivot  from the fed or crypto starting to jump  up that would be a fantastic time to buy  these because we'll most likely see  Bitcoin move first and then we'll see  altcoins move after that  and then the fourth Crypt on this list  is actually one that I don't talk about  too much it's B and B so so many people  find that BMP is just boring or not uh  they don't have a lot of hype behind it  but they have held up so well they're  down less than 60 percent which I  realized me saying that they held up  well and they're down 60 sounds kind of  crazy but when you can compare that to  bitcoin Bitcoins down what 70 plus  and BMB is down less than that it's  doing really well in this bear Market  it's number four overall and the reason  for this it has great utility so you can  use it for fees on the binance smart  chain uh you can participate in  exclusive token sales and more they also  burn a significant amount every single  quarter so I forgot exactly how much  they used to burn I think it was 25 of  their earnings but you can see that  they're burning 2 million BNB at quarter  give or take so this is 500 million over  a quarter of their burning of BNB now it  is a relatively well it is just a large  market cap compared to other  cryptocurrencies so the burn it's not  like they're burning a few percent every  quarter they're burning less than that  but that's still one percent of their  overall Supply and as the market has  fallen down they've been able to buy  more and more and burn more and more  so that's really positive interest  constantly good news it's constant  burning and constant deflation of the  supply overall and they have the highest  volume out there so they have 10x the  volume of the next highest volume  exchange they dominate in crypto and  this is just the utility token so it's a  great thing to buy if you want something  that's not going to be super volatile in  crypto but it's just going to continue  to plug along and probably do really  well now I wouldn't be surprised if a  couple other cryptos beat it out  eventually like if the next best later  one like a Solana or polygon or  something like that because polygons a  layer two and kind of a layer one as  well if they beat it out eventually but  it's still gonna stick in the top 10 in  my opinion unless it just loses 90  percent of its volume or something like  that now that was a little bit drastic  if it lost 50 percent or 60 percent of  its volume I think people would get  worried about the token but I don't see  that happening anytime soon  and then I will give an honorable  mention to Solana  I really do like Solana there hasn't  been too much news on Solana it still  has a lot of uh people using it it has  gone down again one more time this week  in the last week I think it went down  but I still think it'll do really well  fast transaction speeds uh good  throughput so I still think it will do  well but then the fifth thing that we  had to talk about the fifth crypto I say  on this list is actually cash so I  realize that's kind of a cop-out I gave  you an honorable mention so that way you  won't be angry there are a ton of other  cryptos out there but I think cash is  really important still in this market  because we don't know what's going to  happen moving forward if Bitcoin all the  sun goes down and breaks through prior  to lows and we don't have a bottom if we  fall down to 13 000 you're gonna  definitely wish you had some cash so I  would keep some cash on the sidelines  now there are different ways of  generating cash either from your active  income if you can sell options I've been  talking about that a little bit more on  the channel too I have a full video that  I'll put on the end screen that's a 40  minute video that goes through selling  options and I'm making a thousand  dollars a month plus and options right  now so watch that video but I think you  do have to have some cash in this kind  of Uncertain market now let me know  which of these cryptos you're most  excited about let me know what cryptos  you're buying underneath the video be  careful of the scammers definitely check  out the links to MooMoo underneath the  video to get that free money because  it's so easy and then also bit get in  case you want to start buying and  selling cryptocurrency on margin now of  course be careful only do this if you're  an experienced Trader and I'll see you  in the next one bye