Best Cryptos To Buy Now: $POL, $LRC, $PLAY

The cryptocurrency market declined 1.91% over the past 24 hours, extending its weekly loss to 5.47%. Key catalysts behind the dip include the unwinding of leveraged positions, technical breakdowns for tokens below their critical support levels, and mixed macroeconomic signals as traders brace for September’s volatility.

Despite the overall decline, altcoins narrowly outperformed Bitcoin (BTC) on the back of isolated, project-specific rallies. According to our analysis, the best cryptos to buy now are: Polygon ($POL), PlaysOut ($PLAY), and Loopring ($LRC).

Crypto Market Dips Amid Macro Tailwinds, but Altcoins Continue to Outperform Bitcoin

At the time of writing, Altcoin Season Index (ASI) stands at 51/100, while BTC dominance fell by 0.06 percentage points to 57.31%.

Although altcoins are gaining ground over the alpha cryptocurrency, they lack the sustained capital rotation necessary for decisive market leadership, as institutional capital remains anchored in BTC or ETH.

The ASI has crossed into “neutral” territory, reflecting a tentative shift towards alts, but without the broader momentum that is typical of a full alt season.

BTC liquidations surged by 180% in 24 hours to $29 million, with perpetuals funding rates dropping by 42% weekly. Despite the falling prices, crypto open interest rose 1.45%, signalling forced selling across the board.

Over-leveraged long positions got caught as ETH faced a $1 billion liquidation cliff as its price dropped to $4,400.

Meanwhile, cryptocurrencies showed moderate correlation with the Nasdaq over the past 7 days as traders eagerly await Friday’s US jobs data. During that time, the price of gold surged 2.3% as investors made a flight to safety, implying pressure on risk assets like equities and crypto.

With odds suggesting that the Federal Reserve could delay rate cuts until 2026, crypto will need stronger institutional inflows to offset retail caution. A weak jobs report could spark risk-off moves, while a strong number might revive the market.

Best Cryptos to Buy Today (09/01): $POL, $LRC, $PLAY

The best cryptos to buy today include POL, LRC, and PLAY as they show strong momentum, key technical breakouts, and favorable 2025 forecasts.

1. Polygon (POL)

Source: TradingView

POL (ex-MATIC) rose 5.6% over the last 24 hours, extending its 30-day rally. Its surge was driven by ecosystem growth, strategic upgrades, and bullish technical breakouts. POL has managed to outpace the broader crypto market, which declined by nearly 2%.

The total value locked (TVL) on Polygon surged 43% year-to-date in August to $1.23 billion, led by DeFi protocols like QuickSwap, which saw a 13.4% increase in inflows, and $2.56 billion in stablecoin transactions over the past two months.

Increased on-chain activity signals organic demand for POL as the network’s native gas token. Meanwhile, strategic partnerships with Starbucks through an NFT loyalty program and Disney’s metaverse plans have added credibility to POL, aligning with the project’s focus on enterprise adoption.

97.83% of MATIC holders have upgraded to POL by August, significantly reducing its sell pressure. However, liquidity outflows of $263,000 in 24 hours and a decline in derivatives open interest highlight lingering bearishness for Polygon.

While the token migration process reduces supply delusion risks, POL repeatedly tests the demand zone between $0.226 and $0.231, suggesting that some traders remain 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 positive at +0.0016, confirming upward price pressure.

This means traders are reacting positively to POL’s breakout from a multi-week consolidation, and targeting higher resistance at the 127.2% Fibonacci extension of $0.3266.

Rising trading volume is also supporting this move, but the RSI is closing on an overbought level, creating near-term volatility risk. A close above the swing high of $0.294 could trigger FOMO-driven buying.

It will be crucial for POL to maintain its price above $0.2699 (23.6% Fib) amid rising Altcoin Season Index and Friday’s US jobs data, which could affect crypto liquidity.

At the time of writing, Polygon (POL) is trading at $0.2814, representing a 3.63% increase in the last 24 hours. According to our technical analysis based on its current market price, in 2025, POL is expected to change hands in a trading channel between $0.1960 (Low) and $0.2843 (High), with an average annualized price of $0.2195. This could result in a potential ROI of +0.83% over its current rate.

2. Loopring (LRC)

Source: TradingView

LRC rose 9.98% over the past 24 hours, outpacing the broader crypto market’s decline during the same period, while extending its 30-day gain to 25.74%. Key drivers include a technical breakout, Binance margin adjustments, and bullish sentiment in the altcoin market.

On August 8, crypto exchange Binance reduced LRC’s collateral ratio for portfolio margin from 40% to 25%. This lowered collateral requirements allow traders to take larger leveraged positions with less capital, increasing liquidity and speculative interest for the token.

It also aligns with the $20 million in long liquidations for LRC in July, reflecting heightened trading activity. Traders need to monitor open interest and funding rates on derivatives platforms like Binance for signs 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% monthly gain mirrors this trend. This means that mid-cap tokens like LRC often benefit during altcoin rallies as traders seek higher-beta plays.

However, the token’s volume-market cap turnover ratio of 2.43 suggests dominating speculative trading, increasing volatility risk. Look out for a trend reversal in Bitcoin dominance, which could extend altcoin gains or trigger profit-taking.

LRC broke above a falling wedge pattern on the daily chart, which was confirmed by a 7-day RSI of 73.29 and a bullish MACD crossover. Its price has surged past the Fibonacci retracement level at $0.090, with its 24-hour trading volume up 2,340% to $334 million.

The breakout suggests a reversal from a multi-month downtrend, and traders often interpret the falling wedge patterns as bullish reversal signals, especially when combined with high volume. The RSI nearing overbought territory indicates strong buying pressure but raises short-term caution.

Sustaining the price above the 38.2% Fibonacci level at $0.102 could target the $0.1178 swing high. Failure to hold at the $0.090 Fib retracement level may trigger profit-taking, and the opposite could challenge the $0.10 to $0.11 resistance zone.

At the time of writing, Loopring (LRC) is trading at $0.1006, representing a 7.37% increase in the last 24 hours. According to our technical analysis based on its current market price, in 2025, LRC is expected to change hands in a trading channel between $0.1039 (Low) and $0.1129 (High), with an average annualized price of $0.1096. This could result in a potential ROI of +15.34% over its current rate.

Also Read: Top 6 Crypto Mining Sites in 2025 | Best Platforms for Profitable Mining

3. PlaysOut (PLAY)

Source: TradingView

PLAY rose 2.30% over the last 24 hours, extending a 44% monthly rally and diverging from a -1.02% dip in the broader crypto market. This surge was driven by exchange listing and leveraged trading demand for the PlaysOut token.

Top.One exchange launched PLAY/USDT perpetual contracts on August 5 with up to 1000x leverage. This came a week after Binance Futures listed the token. High-leverage products typically attract short-term traders, boosting trading volumes.

Leveraged trading amplifies volatility, as reflected by PLAY’s 24-hour trading volume surging 96.3% to $476.8 million, indicating heightened speculative interest. Derivatives often precede spot price trends as traders front-run liquidity shifts.

Traders need to keep an eye on funding rates and changes in open interest rates for PLAY, as a sustained positive rate could signal overcrowded longs, risking a squeeze.

Binance Alpha conducted an airdrop for the PLAY token on August 1, which required users to hold more than 200 Alpha Points, driving accumulation. Historically, Binance-led airdrops have seen a 30-50% short-term spike in prices.

While initial demand for PLAY was artificial, as users bought to qualify for Binance Alpha, the 24-hour claim window likely created residual buy pressure. However, post-airdrop sell-offs are common, as PLAY’s -7.29% drop in 1 hour hints at profit-taking.

PLAY is currently trading 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, but the Fibonacci retracement shows resistance at $0.0526. However, a break above the $0.053 pivot point could target the 38.2% Fib retracement at $0.067.

At the time of writing, PlaysOut (PLAY) is trading at $0.0490, representing a 3.19% increase in the last 24 hours. According to our technical analysis based on its current market price, in 2025, PLAY is expected to change hands in a trading channel between $0.0354 (Low) and $0.0488 (High), with an average annualized price of $0.0390. This could result in a potential ROI of -0.15% over its current rate.

Final Thoughts on Best Cryptos to Buy Now: $POL, $LRC, $PLAY

The rallies behind the best-performing cryptocurrencies of the day – Polygon (POL), Loopring (LRC), and PlaysOut (PLAY) – were sector-specific but played a key role in altcoins’ outperformance over Bitcoin.

The Altcoin Season Index hit 51/100, barely crossing into neutral territory, as traders shift capital into high-beta plays. Meanwhile, Bitcoin’s market dominance has dropped from 61.25% in August to 57.31% in September.

While BTC and ETH fell 4.29% and 6.6% weekly, respectively, smaller alts like LRC and PLAY rallied on project-specific catalysts. However, since the majority of the alt gains were concentrated in low-cap tokens, it failed to definitely trigger an altcoin season, as the top 100 alts have underperformed Bitcoin over the last 30 days.

A key event driving altcoin demand occurred when a whale swapped $3.7 billion in BTC for ETH over 11 days. This transaction is considered one of the year’s largest BTC to ETH shifts, suggesting that large market players are anticipating an altcoin upside but are waiting for clearer macro triggers, such as a Fed rate cut.

Despite their positive market performance, cryptocurrencies are highly volatile and susceptible to macroeconomic trends, which is why we recommend that readers conduct proper due diligence and seek expert advice before investing. The contents of this report are purely for informational purposes and should not be construed as investment advice.