global banking turmoil It continues to rise as one of the world’s largest financial institutions faces the potential collapse of Credit Suisse. The bank’s shares have plunged more than 24% in a day – and the Saudi National Bank, the largest shareholder in Credit Suisse, has announced it will not provide additional capital to aid the bank.
With concerns about the security of today’s banking system spreading around the world, we take a look at how these recent developments may affect the best crypto to buy today.
Shares of Credit Suisse fell so sharply that the Swiss market experienced an automatic trading halt. Reported by UPI, The recent shutdowns of SVB and Signature Bank in the United States have also contributed to the above mentioned banking concerns.
In response, the Biden administration has promised to create a new facility that would lend money to banks needing additional capital to stay operational. Depositors have been assured that they will be given full compensation.
While all this is happening, Bitcoin At one point in a matter of days, the price rose to a yearly high, rising from $19,559 to $26,534. The idea that bitcoin could provide a solution to traditional banking problems seems to have fueled a surge in global searches for “Bitcoin bank” over the past week.
According to data from CoinmarketcapAt the time of writing, the BTC price has dropped to $24,425, a loss of 2.74% within the last 24-hours after reaching its yearly high.
The Credit Suisse position underscores the precariousness of the modern banking system, and the growing popularity of bitcoin reflects people’s concerns. Although bitcoin’s price is volatile, its decentralized and self-sustaining structure can overcome the shortcomings of traditional banking.
In view of the recent developments and concerns regarding the security of today’s banking system, investors are advised to exercise caution and consider their investment options carefully.
Before making any investment decision, it is recommended to do both fundamental and technical analysis. Based on these analysis and the current market uncertainty, some of the best cryptos to buy today are LHINU, AGIX, FGHT, STX, METRO, and TARO.
Love Hate Inu’s system allows anonymous voting
Love Hate Innu (LHINU), A meme coin crypto, recently introduced new features to its blockchain voting platform. The platform allows users to vote anonymously on a range of topics such as social issues, entertainment, and politics, while offering them the opportunity to earn cryptocurrency rewards through a “vote-to-earn” approach.
The LHINU voting platform, built on the Ethereum blockchain, has garnered a significant following on social media due to its unique characterisation. Users can buy LHINU tokens with fiat or cryptocurrency.
The token pre-sale is ongoing, and LHINU has divided the process into seven-day phases, gradually increasing the token price. During the initial phase, 90% of the tokens are being distributed to supporters, and the remaining 10% will be allocated for exchange listing. So far the pre-sale has raised over $771k with a goal of $956,250.
LHINU aims to encourage meaningful conversation on current issues while ensuring a safe and transparent voting process with the Voting Platform. Using distributed ledger technology, blockchain-based voting ensures that the process remains tamper-proof and fair.
The latest update to the LHINU Voting Platform aims to enhance the user experience by introducing new features such as increased accessibility, streamlined voting processes and improved security measures. These updates will ensure that the platform continues to provide users with a trusted and reliable place to share their opinions on a variety of topics.
Overall, Love Hate Inu’s commitment to providing a secure and engaging blockchain voting platform has established it as one of the best cryptos to buy today.
SingularityNet (AGIX)
AGIX experienced a 24.05% jump on Tuesday due to excitement surrounding OpenAI’s release. GPT-4Which led to a rally in AI-based cryptocurrencies in general.
OpenAI announced that the latest version of their language model, ChatGPT-4, is sophisticated enough to outperform most individuals on SAT scores, providing more accurate feedback and the ability to process images.
AGIX reached an intra-day high of $0.56220 early today, which is the highest level since the beginning of February. However, this gain was short-lived as the broader cryptocurrency market, including bitcoin, experienced a selloff, causing the downside that Aegix is currently experiencing. As of now, the current price of AGIX is $0.45265, showing a decrease of 6.29% from the previous day’s closing price.
Analyzing the support and resistance levels, SingularityNET’s AGIX may face resistance at the $0.56065 Fibonacci retracement level of 0.786. Conversely, AGIX may find support at the 0.5 Fibonacci retracement level of $0.41622, which coincides with the 20-day EMA. Traders should keep a close eye on AGIX’s price action to determine whether a continuation of the current downtrend or a potential reversal is on the horizon.
The surge in AGIX price reflects the growing interest in the AI cryptocurrency market. Investors have a positive outlook on the potential of AI-based applications that use blockchain technology. SingularityNET is one of the top contenders in this market. If AGIX continues to rise, buyers may set their sights on the year-to-date high of $0.66778 established on 8 February.
Fight Out launches play-to-earn gaming ecosystem with train-to-earn model
New fitness and fantasy sports app Fight Out is entering the play-to-earn space with its gaming ecosystem that includes a train-to-earn model.
Fight Out provides users with a customizable NFT avatar that represents them in the gaming ecosystem, allows players to upgrade their avatars based on training and earn rewards by participating in challenges against other users. The train-to-earn model lets users earn REPS, an in-app currency, by completing workouts and challenges that can be redeemed for discounts on training equipment, apparel and monthly subscriptions.
Fight Out’s four elite athlete ambassadors will be producing content in the app. The team is KYC-verified by Coinsniper, and the FGHT token contract is audited by Certic. During the pre-sale event, 9% of the maximum 10 billion FGHT tokens will be made available for purchase. 4.5% of the tokens will go to the bonus pool while 10% will be kept in reserve for exchange liquidity purposes. The tokens that remain will be under a vesting period of five years.
An advanced rewards plan presents the opportunity to receive additional bonus tokens of up to 67% on purchases over $50,000 with a holding period of 36 months. Previous investors will also be given an airdrop of 10%.
With the 5% USDT referral program, the maximum pre-sale price is $0.0333, increasing by 28% every week. With over $5.5 million in investments so far, the FGHT token pre-sale on the platform has emerged as one of the best cryptos to buy today.
stack (stx)
Stax (STX) showed bullish momentum by closing yesterday’s candle with a gain of 21.20%. STX continued this uptrend earlier today when it reached its multi-month high of $1.0890. However, bitcoin has experienced a bearish run since then, affecting STX along with much of the broader cryptocurrency market.
The current price of STX is $0.8786 with a loss of 9% to date. Despite today’s retracement, STX price is still trading above the 20-day, 50-day, and 100-day EMAs at $0.7286, $0.5870, and $0.4720. This indicates that the short to long term bias remains bullish for STX. The Relative Strength Index (RSI) currently stands at 61.32, which suggests that STX is in a neutral zone.
The MACD indicator for STX is also showing bullish signals. The MACD histogram for the previous day was at -0.0042, while the MACD histogram for the current day was at 0.0010. This indicates that there is a bullish crossover between the MACD and the signal line.
Immediate resistance lies at the fiber 0.786 level of $0.9660, followed by the intraday high of $1.0869. On the other hand, an immediate potential support is at $0.8711 on Fib 0.618. Investors can keep an eye on these levels for potential entry and exit points.
Metropolis launches NFT marketplace for real estate investment
Metropolis has introduced a new NFT marketplace for real estate investment that presents an attractive opportunity for cryptocurrency investors. Using fractional NFTs, Metropolis has created an alternative investment solution to traditional barriers, including credit checks, paperwork, and mortgages.
Investors can earn passive rental income through the platform, which also provides real-time analytics for investment management. They can either sell their property outright or participate in an auction to get the highest bid.
NFTs offer a minimum investment entry of only $100, making it a viable option for investors looking to diversify their portfolios. Additionally, NFTs are backed by real estate, protecting investors from inflation while generating monthly rental income with the potential to increase in value over time.
Metropolis has raised $837K during its pre-sale to date, experiencing price increases over nine phases. The company has partnered with over twenty crypto personalities, Chain Adoption and Tencent, strengthening its foothold in the cryptocurrency investment sector.
The beta version of the platform is now accessible to the public, providing a unique opportunity for crypto enthusiasts to enter the real estate market.
Robotera Emerges as One of the Best Crypto to Buy Today with Metaverse Play-to-Earn Features
metaverse The gaming project by RobotEra (TERA) has taken a leading role in the competitive metaverse space, combining entertainment, creation, interaction, exploration, and decentralized governance.
One of the standout features of Robotera is its use of cryptocurrencies and digital assets, allowing players to profit from their in-game contributions. The platform also features virtual and augmented reality elements and intuitive creation tools, which foster innovation and creativity.
RobotEra’s commitment to community governance and decentralization is another aspect that sets it apart from other metaverse games, empowering players to make suggestions or make decisions regarding the implementation of their faction’s plans and the use of their treasury tokens. Is.
Robotera is also building an environment that fosters player collaboration, exchange, and commerce, creating a great environment where gamers can use their skills to build connected spaces, amusement parks, museums, and additional social establishments. Can add individual properties.
Recently, Robotera’s Taro token has seen a rise in popularity, with Taro’s pre-sale raising over $1 million to date.