The cryptocurrency market, including bitcoin, experienced a subsequent decline Federal Reserve Chairman Jerome Powell testifies to Congress on TuesdaySignals need for higher interest rates to tackle inflation amid rapid withdrawal american economy from the epidemic.
As bitcoin hovers around $22,000, a three-week low, what are the best cryptos to buy today?
Investors worry that the Fed’s actions could reduce the appeal of risk assets, including digital currencies such as bitcoin, which have had a few bullish moments since the start of the year despite inflation and economic uncertainty.
The second-largest cryptocurrency, Ethereum, also suffered losses, registering an intra-day low of $1,547 on Tuesday. It is currently trading at $1,559, down 0.18% day to day.
BTC/USD price analysis by CoinmarketcapBTC price is currently trading at $22,158 with a trading volume of $25 Billion for the last 24 hours.
Powell’s testimony and the resulting market uncertainty have prompted investors to exercise caution, and the future direction of crypto markets in the coming weeks and months remains uncertain.
Given the current uncertainty of the market, investors are advised to exercise caution and consider both fundamental and technical analysis while choosing investment options. Based on these analysis, some cryptocurrencies including LHINU, CFX, FGHT, IMX, METRO and CCHG could be among the best cryptocurrencies to buy today.
Love Hate Innu is gaining popularity on social media
Love Hate Innu (LHINU) has launched a new vote-to-earn platform where users are rewarded in cryptocurrencies for voting and staking tokens. The platform allows users to participate in poll polls on a variety of topics including politics, entertainment and social issues, and earn valuable tokens for doing so.
The voting system is based on blockchain technology, ensuring that the process is transparent, secure and fair. Users can buy tokens using fiat or cryptocurrency, and the platform is designed to prevent spam and manipulation.
Love Hate Innu is built on the Ethereum blockchain and is subject to rigorous testing and auditing to ensure its security. The platform has already generated significant interest on social media with its fun and shareable characterisations.
LHINU is a utility meme coin, offering secure, reliable and anonymous voting, encouraging healthy discussion on current topics. The project aims to disrupt the online survey market by introducing the first blockchain-powered voting platform capable of recording immutable results via distributed ledger technology.
The project’s pre-sale is divided into several phases, each lasting a week, with the next phase seeing a price increase for the LHINU token. A 90% token pre-sale ensures that the majority of tokens are distributed to community members who believe in the project, and the remaining 10% will be used for exchange listing.
The project has already raised an impressive amount with pre-sales of over $106k out of the total goal of $956,250 in the first phase. The rapidly growing interest in the project makes it one of the best cryptos to buy today.
Conflux (CFX)
Conflux (CFX) is gaining prominence as a layer-1 blockchain network for decentralized applications (dApps) that require versatile and high-demand services. The platform’s in-house digital asset, Conflux (CFX), is a multi-functional coin that facilitates staking and fee payments.
In February, CFX saw unprecedented growth, skyrocketing to an incredible 259%, driven by Galaxy Blitz, a well-known play-to-earn game, and the network’s strategic partnership with China Telecom, a blockchain- Ready to introduce based SIM cards.
On February 7th, CFX once again emerged as one of the top-performing cryptocurrencies, closing with an impressive gain of 10.24%. However, the CFX price was rejected at $0.2240 and since then it has given away most of the gains of the previous day.
Currently, the CFX price is trading at $0.1952, indicating a decline of 11.24% on the day. An analysis of its February 13 to February 21 performance using the Fibonacci retracement levels suggests that the Fib 0.618 at $0.1706 could provide important support if the price declines further.
The Fib 0.382 level at $0.2456 has acted as an immediate resistance, with the price getting rejected multiple times between February 25 and March 1. Traders and investors are advised to exercise caution and wait for market developments before making any decisions.
Fight Out enters the ring with fitness and fantasy sports platform
Fight Out platform is a new way to merge the fields of fitness and fantasy sports. By allowing users to create virtual squads of fighters and bet on the results of real battles, it creates a unique level of immersion for traditional fantasy sports players.
The platform is built on the concept of Move-to-Earn (M2E), a popular fitness industry trend. Fight Out takes the experience to a whole new level, merging fantasy sports with NFT avatars and giving users the ability to participate in virtual fights.
Fight Out also provides a comprehensive fitness solution with plans to launch Web3-powered gyms across the globe. These gyms will have state-of-the-art equipment and Web3-powered facilities like digital mirrors and sensors to track workouts.
Users have the opportunity to earn REPS tokens by completing their workouts and compete with other fitness enthusiasts for even more tokens. These tokens can be exchanged for app subscriptions, gym access, one-on-one coaching and markdowns on merchandise.
Raising over $5.3 million so far during the FGHT token pre-sale, Fight Out is attracting global interest as one of the best cryptos to buy today.
invariant x (imx)
The Immutable X (IMX) cryptocurrency price has been in a steady uptrend recently, gaining 3.52% as it bounced off the 20-day EMA and closed at $1.088 yesterday. The increase in value of more than 23% from its lowest point this month can be attributed to the launch of Illuvium, a new interactive adventure and collectible game built on the Immutable X platform.
IMX has been back in that range for the past 19 days, despite attempting to break out of the horizontal resistance range of $1.308 to $1.076 and reaching an intra-day high of $1.160 earlier today. The current price of IMX is $1.045, showing a loss of 3.95% for the day.
The dynamic support at the 20-day EMA, which is currently at $1.019, could provide immediate support for IMX. Immediate resistance remains in the horizontal range of $1.308 to $1.076, followed by $1.160 where the price was previously rejected on Feb 17 and earlier today.
Metropolis is the Revolutionary Real Estate NFT Marketplace for Crypto Investors
metropoli is disrupting real estate industry By offering real estate NFTs that represent real assets that are attracting investors looking for accessible investment opportunities. The platform eliminates common investment barriers such as credit checks, substantial down payments, mortgages and paperwork.
Investors can generate passive income from automated rental payments, and investment management is made more accessible through real-time data and analytics. The platform’s instant liquidity also allows investors to quickly sell their properties or participate in auctions to receive the highest bid.
Metropolis’s NFT for real estate is a unique concept in the industry, with each token representing a fraction of a physical asset. The beta version of the platform is now available, demonstrating the company’s commitment to a brighter future.
Metropoli has strengthened its presence in the cryptocurrency investment community by establishing strategic partnerships with ChainAdoption, Tencent and over 20 crypto influencers.
For crypto investors looking to diversify their portfolios, Metropolis’ NFTs offer an attractive option with an entry point of only $100.
Pre-sales for Metropolis are picking up pace, bringing in nearly $605K in production so far.
C+Charge: surprisingly simple EV charging and carbon credits
As the demand for electric vehicles grows, so does the need for more charging infrastructure. c+ charge has launched a blockchain-powered platform that provides an eco-friendly solution to this issue.
The platform aims to build new charging stations in conjunction with existing charging stations to establish a network that facilitates customers to easily identify nearby charging stations and make payments through CCHG tokens.
C+Charge also provides its users with a unique opportunity to earn carbon credits in the form of Goodness Native Tokens (GNT), which can be easily exchanged on their application.
C+Charge’s pre-sale has raised over $2.6 million to date and its token price is about to increase soon, so get your tokens before the next pre-sale phase for the best deal.