The cryptocurrency market, like most markets, has been tumultuous lately, with volatility affecting Bitcoin and other popular digital currencies. Nevertheless, there are signs that the value of bitcoin could increase rapidly in the near future. With this in mind, what is the best crypto to buy today?
The main reason for the volatility is the current economic slowdown and turbulence in the global financial system. As a result, the US Federal Reserve may need to ease up on raising interest rates, potentially making cryptocurrencies an attractive investment option.
Shares of Credit Suisse are also up more than 20% after the Swiss National Bank’s recent aid announcement. Credit Suisse has disclosed that it would borrow up to $54 billion from the Swiss National Bank.
The decision to seek support from the Swiss National Bank comes after the collapse of Silicon Valley Bank and Signature Bank in the US, which had a major impact on the financial sector, including Credit Suisse.
In light of these developments, the support of the Swiss National Bank is expected to offer Credit Suisse the necessary resources to deal with its financial difficulties and protect the interests of its investors.
Despite some recent jitters in the financial markets, there is reason to believe that bitcoin could experience a significant price rally in the near future. After experiencing some resistance between $25,000 and $26,000 over the past few days, yesterday’s trading activity provided evidence of significant buying pressure near the $24,000 level.
Bitcoin is currently trading in a high range of $24,000 to $26,500, showing a significant increase from its low of $19,559 on March 10. Additionally, bitcoin price is trading above the all-important EMA, and the RSI is at the neutral level.
These positive indicators suggest that the current trend of bitcoin is healthy and may continue to move higher. However, it is important for bitcoin to break out of the crucial $25,000 resistance to continue its rally.
With the recent volatility in the cryptocurrency market and broader economic developments, investors should exercise caution and carefully evaluate their investment options. In order to make informed decisions, both fundamental and technical analysis are recommended.
If you are looking to invest in cryptocurrencies, some of the best cryptos to buy today include GMX, LHINU, IMX, FGHT, AGIX, and TARO.
GMX.io (GMX)
Despite the recent market decline, GMX.IO (GMX) has made impressive gains. On Wednesday, the coin closed with an increase of 5.18%, and today, it attempted to break the Fib 0.786 resistance level at $81 and rose to a high of $85. However, GMX experienced some selling pressure around these levels, causing the price to drop to $76.82, resulting in a loss of 2.97% year to date.
GMX’s trading volume has increased significantly, indicating an increase in network activity. According to CoinMarketCap, the volume currently stands at $308,249,412, an increase of 246.56% over the past 24 hours.
Historical data from GMX shows that the coin closed 2022 at $41.57 and has since doubled in price. Despite some pullbacks, it has continued to rise above $50 and maintain that momentum.
Immediate resistance for GMX currently lies at the Fib 0.786 level of $81, where it experienced some price rejection yesterday and today. If today’s decline continues, potential support could be found at the Fib 0.618 level of $75, followed by the confluence of Fib 0.5 with the 20-day EMA at $71.
Love Hate Inu introduces blockchain-based voting platform with crypto rewards
Love Hate Innu (LHINU) is releasing a new blockchain-based voting mechanism that gives users the ability to vote on political, social and entertainment topics without revealing their identity, while allowing them to “vote” Also gives incentives in the form of digital currency. -to-earn” function.
The LHINU platform, built on Ethereum’s blockchain, has garnered a significant following on social media for its interesting characterization.
LHINU tokens can be purchased using fiat currency or cryptocurrency, and a token presale is currently underway. LHINU has divided the pre-sale process into phases lasting seven days, with the value of the tokens increasing progressively.
In the primary phase, 90% of the tokens will be distributed to project backers, and the remaining 10% will be assigned to crypto exchange listing. So far the pre-sale has raised over $854,000 against a goal of $956,250.
The LHINU voting system seeks to encourage open conversation about the latest important issues, while ensuring that the voting process is secure and transparent. The application of distributed ledger technology ensures that the blockchain-based voting process maintains a fair and immutable system.
Recent upgrades to the LHINU voting system aim to improve the user experience by offering more accessible, simplified voting procedures and enhanced security measures. These changes ensure that the platform remains trustworthy and reliable to express your opinion on various topics.
Overall, the LHINU blockchain voting platform is a unique addition to the cryptocurrency world, making it one of the best cryptos to buy today.
invariant x (imx)
Immutable X (IMX) has attracted significant attention in the world of non-fungible tokens (NFTs) since its launch in 2021. As the NFT ecosystem continues to expand, Immutable X has emerged as a potential layer-two scaling solution for NFTs. Ethereum blockchain.
Recently, the IMX token has experienced some volatility in its price. As of this writing, the coin is trading at $1.19 with a gain of 1.97% year to date. This increase in trading activity can be attributed to the recent updates and developments of the company. Irreverent X hinted at an upcoming “legendary” partnership via a tweet, in addition Announcement on March 15 That they will be partnering with Evermoon NFTs.
The RSI for IMX currently stands at 62.10, indicating neutral to slightly bullish sentiment. This suggests that the asset may continue to experience a bull run in the short term.
On the previous day, IMX closed at $1.167 with a price drop of 1.02%. However, at the time of writing, the current price of IMX has risen to $1.19, indicating a positive price movement of 1.97%. This trend suggests that the asset may see an upward trend in the short term.
IMX is currently facing an immediate resistance at the horizontal resistance range of $1.247 to $1.292. If the asset price continues to climb, it will face a lot of selling pressure in this range. However, if IMX manages to overcome this resistance, it could potentially move towards the psychological level of $1.50.
On the other hand, IMX has immediate potential support at $1.038 to $1.076.
Fight Out Pays You To Train How To Build One Of The Best Crypto To Buy Today
to fight Bringing a unique twist to the play-to-earn model with its newly launched gaming ecosystem.
Fight Out’s platform enables users to collect rewards by participating in challenges against other participants. However, using a train-to-earn system, users can also earn in-app currency by successfully completing exercise routines and task challenges.
Users of the platform can exchange REPS, a form of digital currency, within the application for lower rates on workout gear, clothing and more on their monthly subscriptions.
To make the gaming ecosystem even more exciting, Fight Out offers users a customizable NFT avatar that can be upgraded based on training. Users can participate in challenges and upgrade their avatars, earning rewards in the process.
Fight Out has also taken measures to have Coinsniper perform KYC verification and certificate audit of the FGHT token contract to verify the security and authenticity of its platform.
The Initial Token Sale offers investors the opportunity to obtain 9% of the 10 billion FGHT tokens available. Additionally, 4.5% of the tokens will be allocated to the bonus pool, while 10% will be reserved to maintain exchange liquidity. The remaining tokens will be under a vesting period of five years.
Fight Out has attracted a lot of attention from investors, raising over $5.5 million in investment to date. The initial price of the FGHT token will increase by 28% each week, eventually reaching an all-time high of $0.0333.
The improved incentive system also presents the opportunity to receive additional bonus tokens of up to 67% for transactions over $50,000, subject to a 36-month holding period. 10% airdrop will also be given to former investors.
Fight Out’s gaming ecosystem is a unique addition to the play-to-earn model, providing users with an opportunity to improve their fitness while earning rewards. With its innovative features and strong investor interest, the FGHT token pre-sale has emerged as one of the best cryptos to buy today.
SingularityNet (AGIX)
SingularityNET (AGIX) cryptocurrency has been making headlines recently with its increasing price movements. On Thursday, it became one of the top-performing cryptos, with its native AGIX token reaching a high of $0.51510, marking an increase of nearly 80% from the March 10 low of $0.28529.
The recent success of SingularityNET can be attributed to the enthusiasm around OpenAI and ChatGPT. Earlier this week, the developers launched ChatGPT-4, a more advanced version of the platform that can handle picture queries and is much faster than its predecessor. The development has also caused other top crypto projects in the AI sector to increase in value.
Yesterday’s trading session was highly volatile for AGIX, as it experienced 36.49% volatility between the Fib 0.5 and Fib 0.786 levels. Finally, the crypto closed slightly above the Fib 0.618 level, with a loss of 5.83% for the day.
Looking ahead, SingularityNET’s AGIX token is still in a strong bullish trendline, which is supported by the 20-day, 50-day, and 100-day exponential moving averages at $0.42099, $0.36954, and $0.28318. AGIX is currently trading at $0.50505 with an increase of 10.90% day to day.
Although the price is well below the important Fib resistance point of 0.786 at $0.56065, the relative strength index (RSI) is above the RSI-based moving average. This indicates that the coin may continue to rise as buyers target the yearly high of $0.66778, which is more than 30% higher from the current level. An immediate support can be found at $0.47581.
Robotera Takes a Leading Role in Metaverse Gaming
RobotEra (TERA), a Metaverse gaming project, has become a top player in the competitive Metaverse field by offering a unique play-to-earn experience that incorporates entertainment, interaction, construction, exploration, and decentralized governance.
One of the unique features of Robotera is its use of digital assets and cryptocurrency, enabling players to earn from their in-game engagement. virtual and with augmented reality With components and easy-to-use build tools being added to the mix in the future, the platform will undoubtedly spur innovation and creativity.
Robotera also differs from other metaverse games by prioritizing community governance and decentralization. This unique approach enables players to suggest or decide their faction’s strategies and the use of their Treasury Tokens.
Robotera is also fostering a collaborative environment that encourages player participation, trade and commercial activities, a platform for players to link their customized properties and build interconnected sites, theme parks, galleries and various other social spaces. Provides an ideal platform.
Taro’s pre-sale has raised over $1 million, providing investors with an opportunity to invest in a project with a high probability of a successful launch and making it one of the best cryptos to buy today.
