The cryptocurrency market, like most markets, has been turbulent lately, with fluctuations affecting the Bitcoin and other popular digital currencies. Despite this, there are indications that the value of Bitcoin may rise sharply in the near future. With that in mind, what are the best cryptocurrencies 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 central bank may have to ease interest rate hikes, which could potentially make cryptocurrencies an attractive investment option.
Shares of Credit Suisse also rose more than 20% after the recent announcement of a bailout by the Swiss National Bank. Credit Suisse revealed that it will borrow up to 54 billion dollars 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 means to resolve its financial difficulties and protect investors’ interests.
Despite some recent setbacks in the financial market, there is reason to believe that Bitcoin could see a significant price increase in the near future. After experiencing some resistance in the $25,000-$26,000 range over the past few days, yesterday’s trading activity provided evidence of significant buying pressure around the $24,000 level.
Bitcoin is currently trading in the higher range of $24,000 to $26,500, a significant increase from the low of $19,559 on March 10. Additionally, Bitcoin price is above all significant EMAs and the RSI is at neutral levels.
These positive indicators suggest that Bitcoin’s current trend is healthy and may continue to move upwards. However, it is crucial for Bitcoin to convincingly break out of the significant $25,000 resistance to continue its ascent.
With the recent volatility and macroeconomic developments in the cryptocurrency market, investors need to be cautious and carefully evaluate their investment options. Fundamental and technical analyzes are recommended for making informed decisions.
If you are looking to invest in cryptocurrencies, some of the best cryptocurrencies to buy today include GMX, LHINU, IMX, FGHT, AGIX, and TARO.
GMX.IO (GMX)
Despite the recent market pullback, GMX.IO (GMX) has made impressive gains. On Wednesday, the coin closed up 5.18% and today tried to break the 0.786 Fib resistance level at $81 and hit an intraday 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 trading volume has increased significantly, indicating an increase in network activity. According to CoinMarketCap, volume is currently at $308,249,412, up 246.56% in the last 24 hours.
Historical data from GMX reveals that the token closed at $41.57 in 2022 and has since doubled. Despite several pullbacks, it continued to rise above $50 and maintain that momentum.
Current resistance for GMX is currently at the 0.786 Fib level of $81, where it experienced some price rejection yesterday and today. If today’s downtrend continues, potential support could be found at Fib 0.618 at $75, followed by the 20-day EMA at $71, in conjunction with Fib 0.5.
Love Hate Inu is a blockchain based voting platform with crypto rewards
Love Hate Inu (LHINU) releases a new blockchain-based voting mechanism that gives users the ability to vote anonymously on political, social and entertainment topics, while also giving them incentives in the form of digital currency using the “Vote-to-Earn” function .
The LHINU platform, built on Ethereum’s blockchain, has garnered a significant following on social media thanks to its interesting character illustrations.
LHINU tokens can be purchased using fiat currency or cryptocurrency, and the token pre-sale is currently ongoing. LHINU has divided the pre-sale process into phases that last seven days, with the value of the token increasing progressively.
In the primary phase, 90% of the tokens will be distributed to the project backers, and the remaining 10% will be allocated crypto exchange ads. The pre-sale has raised over $854,000 so far, with a goal of $956,250.
The LHINU voting system seeks to encourage open conversations about the latest issues of importance, while ensuring that the voting process is secure and transparent. The application of distributed ledger technology ensures that the blockchain-based voting process maintains an unbiased and immutable system.
Recent upgrades to the LHINU voting system aim to improve the user experience by offering more accessible, simplified voting procedures and upgraded security measures. These changes ensure that the platform remains reliable and trustworthy for users to express their opinions on various topics.
All in all, the LHINU blockchain voting platform is a unique addition to the cryptocurrency world, making it one of the best cryptocurrencies to buy today.
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Immutable 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 on Ethereum blockchain.
Recently, the IMX token has experienced some price fluctuations. As of this writing, the token is trading at $1.19 today, up 1.97%. This increase in trading activity could be attributed to the company’s recent updates and developments. Immutable X hinted at the upcoming “legendary” partnership via tweet, alongside theirs announcement on March 15 to partner with Evermoon NFT.
The RSI for IMX is currently at 62.10, indicating a neutral to slightly bullish sentiment. This suggests that the asset may continue to experience upward momentum in the short term.
The previous day, IMX closed at $1.167, with a price decrease of 1.02%. However, at the time of writing, IMX’s current price has risen to $1.19, indicating a positive price move of 1.97%. This trend suggests that the asset may continue to trend upward in the short term.
IMX is currently facing immediate resistance in the horizontal resistance range of $1,247 to $1,292. If the asset price continues to rise, it will face significant selling pressure in this range. However, if IMX manages to break through this resistance level, 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, making it one of the best cryptocurrencies to buy today
To fight brings a unique twist to the play-to-earn model with its newly launched gaming ecosystem.
Fight Out’s platform allows users to collect rewards by engaging in challenges against other participants. However, using the train to earn system, users can also receive in-app currency by successfully completing routine exercises and task challenges.
Users of the platform can exchange REPS, which is a form of in-app digital currency, for exercise equipment, apparel and discounted prices 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 also took measures to verify the security and authenticity of its platform by having CoinSniper perform a KYC check and Certik perform an audit of the FGHT token contract.
The initial token sale gives investors the opportunity to acquire 9% of the 10 billion FGHT tokens. Additionally, 4.5% of the tokens will be allocated to the bonus pool, while 10% will be provided to maintain the liquidity of the exchange. The remaining tokens will be under a vesting period of five years.
Fight Out has received significant investor attention, raising more than $5.5 million in investment to date. The preliminary price of FGHT tokens will escalate by 28% each week, ultimately reaching a peak value of $0.0333.
The enhanced incentive system also presents an opportunity to receive additional bonus tokens of up to 67% for transactions above $50,000, subject to a 36-month holding period. Previous investors will also get a 10% airdrop.
Fight Out’s gaming ecosystem is a unique addition to the play-to-earn model, offering users the opportunity to improve their fitness while earning rewards. With its innovative features and strong investor interest, FGHT token presale has become one of the best cryptocurrencies today.
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SingularityNet (AGIX)
Cryptocurrency SingularityNET (AGIX) has recently made headlines for its explosive price movements. It became one of the top performing cryptocurrencies on Thursday, with the native AGIX token hitting a high of $0.51510, up nearly 80% from its low of $0.28529 on March 10.
SingularityNET’s recent success can be attributed to the enthusiasm surrounding OpenAI and ChatGPT. Earlier this week, developers launched ChatGPT-4, a more advanced version of the platform that can handle image queries and is much faster than its predecessor. The development has also caused the value of other top crypto projects in the field of artificial intelligence to rise
Yesterday’s trading session was very volatile for AGIX, as it oscillated between Fib 0.5 and Fib 0.786 levels, experiencing a volatility of 36.49%. Ultimately, the cryptocurrency closed just above the 0.618 Fib level, with a loss of 5.83% for the day.
Looking ahead, SingularityNET’s AGIX token remains in a strong bullish trend, supported by the 20-day, 50-day and 100-day exponential moving averages at $0.42099, $0.36954 and $0.28318, respectively. AGIX is currently trading at $0.50505 up 10.90% year to date.
Although the price is just below the key 0.786 Fib resistance point at $0.56065, the Relative Strength Index (RSI) is above the RSI-based moving average. This indicates that the token may continue to rise as buyers target the year-to-date high of $0.66778, which is more than 30% above the current level. Current support can be found at $0.47581.
RobotEra takes the lead at Metaverse Gaming
RobotEra (TERA), a metaverse gaming project, has become a top player in the competitive metaverse arena by offering a unique monetization gaming experience that encompasses fun, interaction, creation, exploration, and decentralized management.
One of the unique features of RobotEra is the use of digital assets and cryptocurrency, which allows players to generate earnings from their in-game engagements. With virtual i augmented reality components being added to the mix in the future and easy-to-use building tools, the platform will no doubt drive innovation and creativity.
RobotEra also sets itself apart from other metaversal games by prioritizing community management and decentralization. This unique approach allows players to have a say in their faction’s strategies and the use of their treasury tokens by making suggestions or decisions.
RobotEra also fosters a cooperative atmosphere that encourages player participation, trade, and commercial activity, providing an ideal platform for players to connect their custom properties and build interconnected locations, theme parks, galleries, and various other social destinations.
TARO’s pre-sale raised over $1 million, offering investors the opportunity to invest in a project with a high probability of a successful launch and making it one of the best cryptocurrencies to buy today.
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