Best Cryptos To Buy Now: $STBL, $HEMI, $FIL

The cryptocurrency market rose 0.91% over the past 24 hours, continuing its weekly uptrend, which was driven by ETF speculation, momentum surrounding the US Bitcoin reserve policy, and increased activity in the derivative market.

The broader market’s surge was reflected in altcoins outperforming Bitcoin, with today’s Altcoin Season Index reading of 70/100 indicating that alts are gaining momentum, while BTC dominance dipped to 57.52%. The alt rally was largely driven by sector-wide surges for DeFi and meme coins, outpacing BTC’s 0.9% market cap growth.

According to our analysis, the best cryptos to buy now are: STBL ($STBL), Hemi ($HEMI), and Filecoin ($FIL). Their rallies can be attributed to technical breakouts, altcoin season momentum, new exchange listings, and a surge in market liquidity.

Tuttle Capital’s latest filing for spot ETFs pegged to Litecoin (LTC), Sui (SUI), and Bonk (BONK) boosted the overall altcoin sentiment. Meanwhile, crypto industry leaders met with lawmakers in Washington to advance the BITCOIN Act for establishing the U.S. Strategic Bitcoin Reserve, signalling institutional adoption narratives. Crypto perpetuals volume hit $400.59 trillion, up 17.27% weekly, which supported price stability despite a dip in open market interest for derivatives.

Best Cryptos to Buy Now (09/17): $STBL, $HEMI, $FIL

The best cryptocurrencies to buy right now on 09/17 include $STBL, $HEMI, and $FIL, offering strong potential and active market interest.

1. STBL ($STBL)

Source: TradingView

STBL rose 386.32% over the last 24 hours, extending its 7-day rally. Its surge coincides with bullish news about the platform’s novel stablecoin model and the token hitting new all-time highs.

On September 16, STBL hit an ATH of $0.185, which was amplified by social media traction, with trading volumes soaring 16,604% in 24 hours to $404 million.

New highs often trigger algorithmic buying and retail FOMO, especially in low-float tokens like STBL, which has a circulating supply of 500 million versus a 10 billion total supply. Its volume/market cap turnover ratio of 4.83 confirms high liquidity, reducing slippage risks for large trades.

STBL’s parent company, led by Tether CEO Reeve Collins, has introduced a three-token ecosystem consisting of the $USST stablecoin, a yield-bearing NFT called YLD, and the $STBL token for governance. The Decentralized Application (DApp) was launched in beta on September 15, sparking significant interest from users for its “spend stablecoins while retaining yield” mechanism.

This particular model addresses a key stablecoin limitation, with users typically sacrificing yield for liquidity. By decoupling utility and yield, the STBL ecosystem could attract investor capital seeking dual benefits, driving demand for its governance token.

The surge in STBL’s 24-hour trading volume dwarfed its $87.3 million market cap. During this time, derivatives activity across the crypto market rose 19.4%, but STBL lacked futures/perpetuals data, suggesting that its rally was purely spot-driven.

Extreme spike in trading volume for low-cap assets often precedes volatility. While this is bullish in the short term, the lack of sustained use cases beyond speculation raises sustainability concerns.

2. Hemi ($HEMI)

Source: TradingView

HEMI rose 34.18% over the last 24 hours, extending its 7-day gain to 56.23% and 30-day gain to 261.3%. This move has outpaced the broader crypto market’s gain during the same period and is driven by exchange listings, bullish sentiment, and technical momentum.

HEMI’s 14-day RSI hit 81.11 on September 17, deep in overbought territory beyond the 70 threshold. Its 7-day SMA at $0.0477 sits far below its current price of $0.0635, indicating a potential correction. While strong momentum can persist in altcoins as RSI above 80 historically precedes pullbacks, traders could potentially take profits if buying volume for Hemi slows down.

HEMI was listed on the Toobit and BYDFi exchanges, enabling spot trading in the HEMI/USDT pair. These listings expanded access to retail traders, coinciding with a 27.87% rise in HEMI’s 24-hour trading volume to $481 million.

Exchange listings often trigger short-term demand spikes as new investors enter the market. HEMI’s turnover ratio is 7.76, signaling high liquidity, reducing slippage risks while attracting day traders. Watch for sustained volume post-listing and potential launch on Tier-1 exchanges.

Social media posts claimed that HEMI was undervalued against Bitcoin Layer-2 SEI, which has a market cap of $1.8 billion compared to HEMI’s $62 million. Narratives around small-cap “gems” can fuel speculative rallies, but reliance on hype raises volatility risks. HEMI’s 261% monthly gain suggests momentum traders are active in the market.

3. Filecoin ($FIL)

Source: TradingView

FIL rose 6.68% in the past 24 hours, outpacing the broader crypto market’s 0.78% gain. Key drivers behind the rally include technical bullish signals, increased altcoin rotation, and ecosystem adoption momentum.

FIL broke above its 7-day SMA at $2.53 and 30-day SMA at $2.40, with the MACD histogram turning positive for the first time in two weeks. The 14-day RSI at 56.17 suggests room for further upside before hitting overbought conditions.

Traders are likely to interpret this crossover above key averages as a momentum shift, triggering algorithmic buying. The $2.68 Fibonacci extension level now acts as near-term resistance for FIL, and a break above could target $2.78. Watch for sustained volume above $275 million to confirm bullish conviction.

The Altcoin Season Index hitting 70/100 signalled capital rotation from BTC into smaller-cap alts. FIL’s 90-day return currently lags behind AI and DePin-native tokens, making it a candidate to catch up to the market trend.

Traders may be positioning themselves in undervalued infrastructure assets like FIL amid improving risk appetite. However, Filecoin’s 24-hour turnover ratio of 15.6 signals thinner liquidity than major alts, amplifying volatility risks.

On August 10, Filecoin announced a partnership with Blockfirst to expand its decentralized storage redundancy to Cardano-native DApps, expanding real-world use cases for FIL. While this was not a direct catalyst for the token’s surge over the last 24 hours, it aligns with growing demand for decentralized alternatives to centralized cloud storage solutions.

Storage networks like FIL stand to benefit from AI/data sovereignty trends, with active addresses and deal counts serving as fundamental health metrics. FIL’s circulating supply remains stable at 689 million coins, reducing inflationary pressure.

Final Thoughts on Today’s (09/17) Best-Performing Cryptocurrencies: $STBL, $HEMI, $FIL

The rallies behind today’s best-performing altcoins – $STBL, $HEMI, and $FIL – can be attributed to the market trend of altcoins currently outperforming Bitcoin. BTC dominance dipped 0.13 points to 57.52%, while the Altcoin Season Index held firmly in the “Altcoin Season” territory of 70, signalling sustained capital rotation from Bitcoin to alts. This means investors are diversifying their crypto holdings beyond BTC, seeking higher returns in riskier assets amid a liquidity-rich environment.

Perpetual futures open interest rose 1.08% in 24 hours, but average funding rates dipped 51.15%, suggesting leveraged traders are chasing alt rallies cautiously. While speculative demand exists, traders are hedging bets, which is a mixed signal for the durability of a potential alt season.

Overall, altcoins are outperforming BTC, driven by sector-specific hype and exchange-driven liquidity. However, Bitcoin’s market dominance remains elevated, and the U.S. Federal Reserve’s upcoming interest rate decision on September 17 could reshuffle capital flows. Keep an eye on BTC’s reaction to the $115,000 resistance, as a breakout there might reverse the altseason narrative.