Yesterday saw a decline as the cryptocurrency market price Bitcoin fell 0.87% to $27,806. This comes after the leading digital asset hit its highest point since June of last year.
Wednesday’s decision from the Federal Reserve is considered a major event for the crypto world and could have a significant impact on the best crypto to buy now. This way.
Analysts predict that the current pause in the market will provide an opportunity for bitcoin to stabilize and possibly experience another upward trend. However, the chances of a deeper correction remain open with the key $26,000 and $25,000 support levels.
The recent surge in cryptocurrencies has several contributing factors, including panic in the global banking sector, which aligns with bitcoin’s principles of financial decentralization. The effect of rising interest rates on banks over the past 12 months has also changed the monetary policy outlook in the United States.
Traders expect the Federal Reserve to take a more accommodative stance, either keeping rates on hold or raising rates by just 25 basis points. If rate hikes slow down or reverse, it could be beneficial for bitcoin price as a decrease in interest rates increases demand for non-traditional assets such as cryptocurrencies.
The recent market boom has been primarily driven by investors acquiring assets in the spot market, indicating that long-term investors are prevalent as opposed to speculative traders. Despite the trends pointing towards maturity and strength in the cryptocurrency market, the market move this week is expected to be driven by the decision of the Federal Reserve.
In light of the recent market indecision in the cryptocurrency market and the upcoming decision from the Federal Reserve, investors may be wondering what are the best cryptos to buy now amid this unique market situation.
A combination of fundamental and technical analysis highlights that LHINU, XRP, FGHT, BNB, CCHG, and TARO are some of the best cryptos to buy right now.
Cast your vote and earn with love Hate Inu’s unique vote-to-earn platform
A new blockchain-based voting platform, Love Hate Innu (LHINU), is giving users the opportunity to have their say on a variety of topics while maintaining their anonymity. With its engaging characterization and use of innovative technology, LHINU has rapidly gained a large social media following.
The platform’s “vote-to-earn” feature allows users to earn digital tokens by casting their votes, which can then be purchased with cryptocurrency or traditional currency. The LHINU token is currently in its pre-sale phase, with the token increasing in value each week.
The pre-sale aims to distribute 90% of the tokens to the LHINU community, while the rest will be assigned to crypto exchange listings.
LHINU pre-sales have already raised over $1.3 million in its second phase and are on track to reach their goal of $1,968,750.
The voting process on the platform is designed to promote open discussion on relevant issues, prioritizing fairness. The application of blockchain technology guarantees the integrity and fairness of voting results, making them irreversible.
LHINU has acted on user suggestions by simplifying the voting process and incorporating security features to boost the dependability and reliability of the platform. These updates give users the assurance they need to freely express their opinions on a wide variety of topics.
Investors are taking note of LHINU’s one-of-a-kind voting system, which puts fairness and transparency at the forefront. The platform’s combination of exciting illustrations and cutting-edge technology makes it one of the best cryptos to buy right now.
Ripple (XRP)
XRP is seeing a significant increase in price and trading activity, climbing over 21% year-to-date. This rally in price is accompanied by a return of $2 billion in trading volume as well as bullish technical signals. The increase in the value of XRP can be attributed to the ongoing SEC lawsuit against XRP issuer Ripple.
The lawsuit, which claims that XRP should be regulated as a security, has traders confident that Ripple will be acquitted in court.
However, it is important to note that a potential victory in the SEC lawsuit may not necessarily be reflected in the current price of XRP. The cryptocurrency has lagged behind the broader crypto market in recent days, which may suggest that there is more room for growth.
XRP is currently trading at $0.4524 and it is attempting to break the $0.4395 to $0.4480 resistance level after breaking the $0.4133 to $0.4205 resistance level earlier today.
Technical indicators, especially the exponential moving averages, are pointing towards a bullish trend for XRP with the current price at $0.4524 trading above all important EMA levels.
If XRP manages to successfully climb above the $0.4395 to $0.4480 resistance, the next possible target is the psychological $0.50 level. If there is a failed breakout, support could potentially be found between $0.42 to $0.43.
Fight Out Launches Groundbreaking Train-to-Earn Model for Gamers and Fitness Enthusiasts
Fight Out has announced a new and exciting train-to-earn model that is set to make a huge impact in the industry. Players can now earn in-game coins by participating in exercise routines and challenges, a feature that sets it apart from other similar platforms.
The platform offers a variety of unique benefits, including the ability to trade rewards for workout gear, clothing, and even discounted gym memberships. Players can also upgrade their NFT avatar by participating in various challenges while exercising, which will earn them rewards.
Fight Out places great emphasis on security and authenticity, which is why it has partnered with CoinSniper for KYC verification and Certik for FGHT token contract authentication. The project has already received significant investment, with over $5.7 million raised, indicating its huge potential for growth.
Investors who buy more than $50,000 worth of FGHT tokens will be eligible for a bonus of up to 67%, and long-term holders can receive a 10% airdrop. FGHT token price will increase by 28% on a weekly basis, reaching a maximum price of $0.0333.
Fight Out’s athlete representative group is going to be instrumental in building a community Number of players who prioritize fitness and improve the overall user experience of the platform. They will also add to the user experience of the platform by generating engaging in-application content.
The gaming environment in Fight Out is designed to seamlessly integrate fitness and gaming to promote a healthy lifestyle for players while they enjoy fantasy sports and other games on the platform.
With its dynamic features and increasing investor interest, the FGHT token presale presents a great opportunity to invest in one of the best cryptos to buy now.
Binance Coin (BNB)
Binance Coin (BNB) has experienced a significant increase in value with a 22% increase over the past ten days. The altcoin is currently trading at $337.6, which is in its horizontal resistance zone of $333 to $337.8.
Over the past five days, the price of BNB has been relatively stable and moving sideways. If the price manages to break above this range, the next possible target for Binance Coin is the resistance range of $355.5 to $361.1. Reaching this price point would take BNB back to the November 2022 high.
Despite the positive outlook, market analysts are wary of a possible market downturn, as the Relative Strength Index (RSI) is moving into the overbought zone above 70.0.
In case of a correction, Binance Coin may find support between $300 to $305.
The bullish sentiment among buyers remains strong and is expected to remain so if the overall crypto market maintains its momentum. Binance Coin has been following the trends of the broader cryptocurrency market and has performed well despite the current macroeconomic conditions.
C+ Charge brings convenient charging that makes it one of the best cryptos to buy right now
With the growing popularity of electric vehicles as a sustainable means of transportation, the demand for charging stations has skyrocketed.
c+ charge Committed to addressing the lack of charging infrastructure with its payment and discovery platform for charging stations.
The use of blockchain technology simplifies payment transactions, allowing EV owners to easily locate charging stations within an area and pay using the CCHG token. The platform also offers an additional incentive in the form of Goodness Nature Tokens (GNT) as rewards. These tokens symbolize certified carbon credits that can be traded within the application.
Major venture capital firms have lent their support to the Goodness Nature Token, enabling EV owners to reduce their carbon footprint.
C+Charge is also working in partnership with existing charging stations and building new ones to rapidly expand its charging station network.
The pre-sale for the platform’s tokens has already raised over $3.18 million, demonstrating the potential impact of C+Charge’s solution.
Robotera Ushers In A New Era In Metaverse Gaming
metaverse crypto The gaming industry is expanding, and a new face has joined the competition – Robotera. This new platform differentiates itself by providing a one-of-a-kind play-to-earn experience with elements of entertainment, and decentralized governance, virtual world creation, teamwork and exploration.
One of the defining features of Robotera is its use of cryptocurrencies and digital assets. It enables players to generate income from their in-game actions, giving them a new and exciting way to play.
In addition, Robotera will display both virtual and augmented reality Experience, as well as user-friendly creation tools to encourage innovation and creativity.
The platform aims to foster a vibrant community that encourages collaboration, commerce, and enthusiastic player engagement.
Investors have already shown their faith in Robotera, with Taro Token raising over $1.030 million in its pre-sale so far, solidifying its position as one of the best cryptos to buy now.