Bitcoin experienced an increase of almost 2% earlier today as fears of an ongoing banking crisis swept the markets.
This pushed the digital asset to hit its highest level in nine months at $28,569 before declining to the current level of $27,803, with a loss of 0.89% so far today.
Silicon Valley Bank’s failure earlier this month started the current potential banking crisis, which has now culminated in Credit Suisse’s acquisition by UBS.
How does this current macroeconomic situation impact the best cryptos to buy today?
Traders watched closely today as bitcoin approached the crucial $30,000 level, assessing whether the banking crisis was contained or would spread.
However, the cryptocurrency gave up its gains and turned negative afterward as markets seem to have stabilized for the moment.
Despite the retreat, bitcoin has emerged as a top choice as a decentralized currency in the midst of a possible banking crisis, offering benefits that traders have been talking about for some time.
With increasing bank failures and actions by governments and central banks to rebuild trust in the financial system, bitcoin is once again regaining recognition as a viable alternative investment option.
The recent takeover of Credit Suisse by UBS has highlighted the significance of the potential for decentralized currencies to offer an alternative to reactive and unstable central bank money printing.
The Swiss financial regulator’s decision to set the value of Credit Suisse bonds, worth a total of $17 billion, to zero, has outraged many bondholders.
The acquisition triggered a substantial increase in bitcoin’s price, causing it to rise by 42% since the FDIC takeover of Silicon Valley Bank on March 10.
BTC’s price is currently standing at 63% higher than its recent low point of around $15,500 in mid-November.
Given the recent surge in bitcoin and the ongoing banking crisis, investors are understandably curious about the best cryptos to buy today.
It’s essential to exercise caution and evaluate options carefully, particularly in light of the market’s recent volatility and macroeconomic developments.
Fundamental and technical analyses suggest that some of the best cryptos to buy today are LHINU, NEO, FGHT, STX, METRO, CCHG, and TARO.
Express Your Opinion and Earn With a Vote-to-Earn Platform
The blockchain-based voting system of Love Hate Inu (LHINU) is being introduced for users who want to cast their votes on politics, entertainment, or social issues matters without revealing their identity.
LHINU has amassed a significant social media following due to its distinct character illustrations and blockchain technology.
The “Vote-to-Earn” function lets users acquire digital tokens that can be bought with fiat currency or cryptocurrency.
The LHINU token is presently in its presale stage, with a gradual increase in token price in every seven-day phase.
The presale intends to allocate 90% of tokens to the LHINU community, while the remaining 10% will be assigned to crypto exchange listings.
LHINU has surpassed $1.2 million in the second phase of the presale and aims to raise $1,968,750.
LHINU’s voting platform prioritizes impartiality and encourages open discussions on important topics. The use of blockchain technology ensures that the voting process is unalterable and impartial.
In response to user input, LHINU has simplified the voting process and added security measures to improve the platform’s reliability and trustworthiness.
These enhancements provide users with the confidence to express their opinions on a wide variety of topics.
Investors are showing interest in Love Hate Inu’s unique voting system, which prioritizes impartiality and transparency, making it one of the best cryptos to buy today.
Visit Love Hate Inu Now
Neo (NEO)
NEO has seen a significant rise in its price over the weekend, closing Sunday’s candle with a gain of 12.68%.
One potential factor behind the recent rise in NEO’s price is the launch of its encrypted messaging service, NeoChat, which allows users to communicate directly on the platform.
The messaging protocol is end-to-end encrypted and can be accessed through personal computers with the NeoLine Chrome extension or OnGate for mobile devices.
NEO’s current price stands at $12.71, with a 20-day EMA of $11.50, a 50-day EMA of $10.64, and a 100-day EMA of $9.67.
With the current price trading above all significant EMA levels, the short to long-term bias for NEO is bullish. The RSI is currently at 57.35, also indicating a rising bullish trend in the market.
The MACD indicator reflects a positive trend with a previous day’s histogram reading of 0.14, and a current day reading of 0.17.
This suggests that the distance between the MACD and the signal line is increasing which also indicates bullishness.
After reaching an intra-day high of $13.74, NEO’s price was met with selling pressure pushing the price to the current level of $12.71 with a loss of 4.65% so far today.
The immediate resistance is at Fib 0.382 level of $12.87. On the other hand, immediate support stands at fib 0.5 of $11.96 in confluence with a horizontal support area of $12.03 to $12.24.
With NEO’s price retracing today, traders are advised to wait for the price to stabilize and establish support before entering any positions.
Gaming Ecosystem by Fight Out Offers Crypto Rewards for Fitness Training
Fight Out’s state-of-the-art gaming ecosystem introduces a novel train-to-earn model that has the potential to disrupt the industry.
Players can earn in-app coins by completing exercise routines and challenges, setting it apart from other play-to-earn models.
The platform offers unique features, including the option to swap digital money for workout clothes, gear, and discounted membership fees.
Players can also enhance their fitness and upgrade their NFT avatars through challenges to earn rewards.
Fight Out prioritizes the security and authenticity of its platform, and has enlisted CoinSniper for KYC verification and Certik to authenticate the FGHT token contract.
The project has already raised over $5.67 million in its, demonstrating the platform’s potential.
Anyone purchasing over $50,000 will be eligible for up to a 67% bonus in tokens, while long-term holders can receive a 10% airdrop. The price of the FGHT token will rise by 28% on a weekly basis until it reaches a maximum price of $0.0333.
The platform’s roster of athlete ambassadors will play a significant role in fostering a community of players committed to achieving fitness goals while earning rewards.
They also contribute to the overall user experience by creating in-app content.
Fight Out’s gaming environment blends gaming with exercise, inspiring players to work on their health while enjoying fantasy sports and other Fight Out games. With its exceptional features and investor interest, the FGHT token presale is one of the best cryptos to buy today.
Visit Fight Out Now
Stacks (STX)
Stacks (STX) has been experiencing a significant price surge lately, gaining over 62% in the past seven days. The reason behind this upward trend appears to be the recent launch of the Stacks 2.1 upgrade.
One of the most significant enhancements introduced by Stacks 2.1 is continuous staking, which eliminates inefficient or confusing aspects of staking and allows stakers to avoid losing the bounty cycle between their stakings.
Additionally, Stacks 2.1 improves PoX rewards and security mechanisms, making it a more secure and user-friendly platform for investors.
STX’s price is currently trading at $1.2148 with a gain of 6.35% so far today. The 20-day EMA is currently at $0.8858, which is significantly higher than the 50-day EMA at $0.6839 and the 100-day EMA at $0.5335.
This indicates a strong bullish trend for STX, with the shorter-term moving average well above the longer-term moving averages.
The RSI is currently at 72.32. This suggests that STX’s price has entered the overbought zone, which means it may be due for a correction in the near future.
However, it is important to note that an overbought RSI does not necessarily mean that the price will drop, it simply indicates that the asset has been trading above its usual price range.
The immediate resistance level is $1.30, and if STX manages to break through this resistance, it could continue to rise to the extended Fib 1.272 level at $1.50.
Support may potentially be found at the Fib 0.786 level at $1.1294. This level could provide strong support for STX in case of a correction, and traders may see this as an opportunity to buy the dip.
Metropoly Unveils Real Estate NFT Marketplace Making It One of the Best Cryptos to Buy Today
Metropoly has launched a presale for its real estate NFT marketplace, presenting a one-of-a-kind channel for investment in real estate.
Utilizing fractionalized NFTs, buyers can purchase a fraction of the equity in a property, making it easier to diversify their investment portfolio.
The NFTs are backed by actual real estate, offering buyers a dependable and secure investment opportunity that produces a stable rental income and a chance for future value growth.
Metropoly’s platform also provides real-time analysis, empowering investors to make knowledgeable investment choices and the ability to sell assets instantly or take part in auctions.
Metropoly aims to level the playing field in the global real estate market by offering a unique investment solution that circumvents traditional challenges like credit checks, mortgages, and paperwork. The presale has piqued investors’ interest, exceeding its minimum target of $750,000 by 122% and raising $912,117 as of writing.
Metropoly’s presale provides an exceptional prospect for cryptocurrency enthusiasts to venture into the real estate sector using NFTs. The project has already gained partnerships with ChainAdoption, Tenset, and over twenty crypto personalities, increasing its position in the cryptocurrency investment arena.
Many investors and analysts are optimistic about the project’s potential growth in the forthcoming months. The presale is currently in its ninth stage, with each METRO token valued at $0.0625.
Visit Metropoly Now
C+Charge Tackles Limited EV Charging Options
As the demand for sustainable transportation continues to grow, electric vehicles are becoming increasingly popular.
Nonetheless, a significant obstacle that many EV owners face is the insufficient availability of charging infrastructure.
C+Charge aims to address this issue with its blockchain-based payment and charging station search platform.
C+Charge’s system prioritizes environmental sustainability and streamlines the EV charging and payment process. Through blockchain technology, payment processing is simplified, allowing EV owners to locate nearby charging stations and pay for charging services effortlessly using the CCHG token.
The platform provides an incentive for EV owners by offering Goodness Nature Tokens (GNT) as rewards.
These tokens symbolize certified carbon credits, which can be traded within the application.
Goodness Nature Tokens receive support from leading venture capital companies, enabling electric vehicle owners to counterbalance their ecological impact.
C+Charge collaborates with current charging stations and builds new ones, enabling the company to quickly increase its network of charging stations.
The platform’s token presale has already amassed over $3.1 million.
Visit C+Charge Now
RobotEra’s Play-To-Earn Game Capitalizing on Metaverse Interest
RobotEra has emerged as a strong contender in the metaverse gaming platform market by offering an exclusive play-to-earn experience that features entertainment, world-building, collaboration, exploration, and decentralized governance.
The platform’s use of cryptocurrency and digital assets is a standout feature, enabling players to earn profits from their in-game activities.
It will also provide users with virtual and augmented reality features and easy-to-use building tools that spark innovation and creativity.
RobotEra’s gaming ecosystem is being set up to create a flourishing community that fosters collaboration, trade, and enthusiastic player participation, providing a perfect chance for users to link their assets and construct integrated destinations like public spaces, amusement parks, and art exhibitions.
Investors have already shown their confidence in the platform, with RobotEra’s TARO token raising more than $1.026 million in its presale so far and making it one of the best cryptos to buy today.
Visit RobotEra Now
Credit: Source link
