The cryptocurrency market has been facing headwinds today, with Bitcoin (BTC) experiencing a decline below $27,500 and Ether (ETH) approaching the $1,800 mark.
Concerns regarding interest rates are believed to be contributing to the market’s volatility.
In light of the uncertain macroeconomic conditions, what are the best cryptos to buy now?
Bitcoin has seen its value drop below the $28,000 mark since Friday and as of writing is trading at $27,405, representing a loss of 0.26% in the past 24 hours.
After falling below $28,000 a two-day downward trend has ensued after a week of trading above $30,000.
Earlier today, BTC hit an intraday low of $26,972, the lowest it’s been in three weeks.
Market watchers are closely monitoring the upcoming Federal Open Market Committee (FOMC) meeting scheduled for next week.
The CME FedWatch Tool indicates a 92.6% likelihood that the U.S. central bank will implement a hike in interest rates.
Meanwhile, ETH, the second-largest cryptocurrency by market capitalization, is trading at around $1,833, marking a 0.9% decrease today.
BTC and ETH have experienced declines of 7.09% and 11.8%, respectively, over the last week.
Market participants are assessing uncertainties in the crypto industry and broader economic landscape, including a reduction in U.S. dollar liquidity.
Despite these challenges, opportunities still exist within the cryptocurrency market.
By conducting a comprehensive examination of both fundamental and technical factors, several cryptocurrencies have emerged as the best cryptos to buy now.
These include LHINU, XRD, DLANCE, BGB, ECOTERRA, TON, SWDTKN, and TARO.
Love Hate Inu: The Community-Driven Meme Coin with a $6.2 Million Presale Success
Love Hate Inu has garnered attention for its vote-to-earn meme coin, and recently celebrated a significant achievement by raising over $6.2 million so far during its presale. Now in Stage 6, $LHINU are priced at $0.000125 each.
The meme-coin’s standout feature is its commitment to creating an accessible platform centered around community voting.
The Management Dashboard facilitates the hosting of polls using the platform’s earnings.
Built on the Ethereum network, Love Hate Inu provides a robust foundation for decentralized applications.
Users can connect their wallets, participate in live polls, and suggest new polls for community consideration.
Token holders who participate in polls are eligible for rewards, and they can use staked LHINU tokens to cast their votes.
In addition to its presale, Love Hate Inu has introduced a voting competition with a $10,000 prize.
Participants can enter for free by voting on whether they love or hate Andrew Tate, with the winner selected at random.
In a rare move for a meme coin, Love Hate Inu publicly revealed its CEO, Carl Dawkins, who is known in the meme coin space and was formerly the Head of Growth at Tamadoge (TAMA).
Dawkins’ leadership has been credited with contributing to Love Hate Inu’s success.
Love Hate Inu is slated for release in the third quarter of 2023, with brand partnerships anticipated by year’s end and metaverse integrations planned for 2024 and beyond.
The meme coin will also hold an initial exchange offering after the presale concludes, with no vesting period required for presale tokens.
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Radix (XRD) has recently exhibited signs of recovery after experiencing a bearish trend that culminated in three consecutive red candles at the close of the previous week.
Over the weekend, XRD underwent a substantial rally, registering a 33% increase to the upside.
The 20-day EMA for Radix is situated at $0.0815. This value is higher than both the 50-day EMA at $0.0644 and the 100-day EMA at $0.0556.
The positioning of the 20-day EMA above the longer-term EMAs suggests that the token is experiencing short-term bullish momentum.
Additionally, the current price of $0.0950 is above all three EMAs, further reinforcing the bullish outlook.
The RSI for Radix stands at 57.28, indicating that the token is in neutral territory.
However, the RSI value is leaning toward the overbought region, suggesting that buying pressure has been building up.
Traders should monitor the RSI closely, as a move above 70 could signal overbought conditions and potential profit-taking.
The MACD indicator provides additional insights into the token’s momentum. The current day MACD histogram value is 0.000555, which is lower than the previous day’s value of 0.001305.
Although the MACD histogram has decreased, it remains in positive territory, indicating that the bullish momentum is still present, albeit with a potential slowdown.
The current volume of 53.451 million is lower than both the previous day’s volume of 77.234 million and the volume moving average of 78.09 million.
The decline in volume may suggest reduced trading interest, and traders should exercise caution as low volume can lead to increased price volatility.
In terms of key price levels, Radix is currently facing immediate resistance at the Fibonacci 0.382 level of $0.1037.
This level has proven to be a formidable barrier, as the XRD price has experienced rejection at this level for the past two days.
A successful break above this resistance could pave the way for further upside movement.
Conversely, support for Radix lies at the Fibonacci 0.236 level of $0.0923.
This level may act as a cushion in the event of a price pullback. If the price falls below this support, traders should be vigilant for further downside risk.
DeeLance: Empowering Freelancers with Decentralization, NFTs, and the Metaverse
The workforce is witnessing a transformative shift as freelancing emerges as a preferred choice for professionals seeking flexibility and autonomy.
A recent study highlights that a striking majority—over 65%—of employees aspire to embrace full-time remote work. The gig economy is projected to surpass $450 billion by the end of the year.
This development presents a prime opportunity for organizations to diversify their freelance talent pool and cultivate industry partnerships.
DeeLance, a web3 freelancing and recruitment platform, is at the forefront of this emerging industry.
By harnessing the power of decentralized web3 technology, DeeLance is reimagining how freelancers engage with potential clients.
The platform’s three core pillars—an NFT marketplace, a Metaverse, and a recruitment platform—collectively offer a comprehensive toolkit that simplifies the freelance process and delivers a seamless experience for users.
DeeLance’s mission centers on integrating the freelancing sector with advanced technologies, including the Metaverse, NFTs, and web3.
The result is a fully decentralized platform that empowers users with direct control over their work in a transparent and secure environment.
Additionally, DeeLance’s low fees and prompt cryptocurrency payments enhance the overall user experience.
DeeLance envisions a future where web3 freelancing unlocks limitless possibilities, fostering a secure and sustainable freelancing economy that overcomes existing challenges and ensures prosperity for all.
The platform’s web3-based token, $DLANCE, has successfully completed its first presale stage, raising over $450,000 signaling significant interest from traders and investors alike.
$DLANCE is one of the best cryptos to buy now.
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Bitget Token (BGB)
Bitget Token (BGB) saw its price rise by almost 11% earlier today, following a significant announcement from Bitfinex regarding the forthcoming inclusion of BGB on the exchange’s trading platform.
As a key component of the Bitget crypto derivatives platform, BGB serves as both a utility and governance token.
Its role is central to the functioning of the platform, allowing users to access various services and participate in governance decisions.
BGB’s RSI currently stands at 50.18, up from yesterday’s 43.04. This increase in RSI indicates a shift in momentum toward the bullish side.
BGB is currently trading at $0.40, representing a gain of 6.97% so far today. This upward momentum is a positive sign for traders and investors who are bullish on the asset.
Based on the current price action, BGB is facing immediate resistance at the Fibonacci 0.618 level, which is situated at $0.4174.
On the downside, BGB has potential support at the Fibonacci 0.5 level, which is located at $0.3988.
Should the price break below this support, the next key level to watch is the Fibonacci 0.382 level at $0.3802, which could serve as the next support zone.
Ecoterra Is One of the Best Cryptos to Buy Now for Eco-Conscious Individuals and Businesses
Proactively combating climate change, ecoterra incentivizes users and empowers businesses with its innovative Recycle-to-Earn model.
Comprised of four integral components, the platform features a Recycle-2-Earn app, a carbon offset marketplace, a recycled materials marketplace, and an impact trackable profile.
Through the ecoterra app, users can earn $ecoterra tokens by recycling various items. After scanning these items, users have the option to accumulate, allocate, or utilize the tokens for eco-friendly endeavors.
Moreover, the app promotes a variety of ecological initiatives, including beach cleanups, tree planting, and backing green energy projects.
Within the carbon offset marketplace, individuals and businesses have the opportunity to use ecoterra tokens to counterbalance carbon emissions via global projects.
Notably, accomplishments such as planting trees or conducting beach cleanups are transformed into NFTs.
The recycled materials marketplace serves as a conduit for interactions between companies and recycling entities. Here, companies can leverage ecoterra tokens to source and purchase recycled materials like plastic and aluminum.
ecoterra’s impact trackable profile enables companies to purchase impact packages, mitigating the negative environmental impact of production. In turn, companies also gain a platform to highlight their sustainability efforts.
Beyond these features, ecoterra is dedicated to educating the public about recycling and fostering active engagement. The platform’s Recycle2Earn system rewards users with tokens that can be staked for passive income.
Additionally, ecoterra’s blockchain technology accommodates diverse payment methods, including fiat currency, stablecoins, and Bitcoin.
ecoterra has captured attention for its distinctive approach to sustainability, successfully raising $2.27 million so far in its presale and drawing interest from eco-conscious individuals.
As the presale’s Stage 4 approaches its conclusion, prospective participants have limited time to acquire $ECOTERRA tokens at a low price.
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The technical indicators for Toncoin (TON) are painting an intriguing picture for traders and investors.
Over the past month, TON has been forming an ascending triangle pattern, a bullish continuation pattern that often signals a potential upward breakout.
This pattern is characterized by the coin consistently printing higher lows while facing rejection at the $2.33 price level, forming a horizontal resistance line.
At the time of writing, TON is trading close to this key resistance level at a current price of $2.2969, experiencing a loss of 1.40% so far today.
The volume has been steadily increasing for the past 10 days, suggesting that market participants are taking an active interest in this coin.
The confluence of the ascending triangle pattern and rising volume may indicate that a significant move is on the horizon.
The RSI is currently at 52.04, down from yesterday’s 56.08. This value indicates that TON is in neutral territory, with neither overbought nor oversold conditions.
However, the slight decline in RSI may suggest a minor loss of momentum.
The previous day’s MACD histogram value was 0.0060, while the current day’s value is 0.0045. The declining histogram suggests a potential bearish crossover, which may indicate a short-term pullback.
In terms of key levels to watch, the immediate resistance for TON is at $2.33, which aligns with the upper trendline of the ascending triangle pattern.
A breakout above this level, accompanied by strong volume, could signal a bullish continuation and pave the way for TON to target the $2.50 psychological level, representing a potential 6% move to the upside.
On the flip side, immediate potential support can be found in the $2.24 to $2.26 range, which is in confluence with the 100-day EMA.
Swords of Blood Is One of the Best Cryptos to Buy Now for Gamers and RPG Enthusiasts
With its dynamic battles, striking visuals, and diverse gameplay options, Swords of Blood is making its entrance as the premier F2P hack-and-slash role-playing game on the blockchain, utilizing the Polygon network.
The game, which will be accessible on both mobile and PC platforms, is a reimagined version of an acclaimed title from 2019 by Artifex Mundi.
The new rendition is being brought to life by Hit Box Games LLC, a company led by former members of the Artifex team.
Swords of Blood distinguishes itself with a host of features, including the ability to process payments from various networks and traditional currencies through SphereOne and Simplex.
The game’s financial model includes allocating 40% of all tokens and payments to a market-making team.
Additionally, the game offers a Play to Own system, player-versus-player modes for groups of 4, 8, or 16, and a fresh soundtrack with contributions from well-known bands.
Players can also look forward to in-game utility tokens (G.U.T.s) that double as non-fungible tokens (NFTs) and can be traded on the open market.
The game’s expansion pack, offering 150 hours of gameplay, is penned by writers with experience in titles like Cyberpunk and The Witcher.
The game’s narrative takes place in the World of Ezura, where players can become dungeon hunters, bounty hunters, or treasure seekers.
They will explore varied landscapes, battle formidable foes, and collect powerful weapons and artifacts.
Swords of Blood incorporates blockchain features to enhance its economy, with a focus on attracting traditional gamers.
The game offers multiple ways to earn, including tournaments, community involvement, and minting and selling legendary items as NFTs.
Swords of Blood’s development team envisions a community-driven experience, with plans for synchronous game modes, a metaverse-style MMO Hub, player-versus-player maps, tournaments, clans, and virtual reality compatibility.
As of now, the presale of the game’s token, $SWDTKN, is ongoing, with a token price of $0.070. The presale’s second stage is set to conclude soon, and it has already raised over $1.19 million so far.
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RobotEra: The Metaverse with Robots, NFTs, and Endless Possibilities
With a futuristic fusion of robots and science fiction, RobotEra is poised to disrupt the P2E crypto gaming industry.
The game’s presale for its native in-game token, $TARO, has already garnered significant interest among crypto gaming enthusiasts.
Drawing parallels to the popular game Minecraft, RobotEra offers players a high degree of control over their gaming experience.
Set on the planet Taro, inhabited by human-like robots, players are tasked with restoring the planet after a devastating war between robots and their creators.
Players can gather resources, construct environments, and collaborate with others to create a dynamic and engaging blockchain-based world.
NFTs play a central role in RobotEra, with players able to build, use, and trade NFTs in the form of robot characters, companions, and land.
Owning robot NFTs entitles players to land NFTs, which can be acquired through airdrops or in-game purchases.
With land ownership, players can mine resources and construct their own virtual environments.
There are many ways to earn money in RobotEra, such as trading NFTs, staking $TARO tokens, participating in events, mining, and managing land.
Additionally, the game embraces decentralized autonomous organization (DAO) governance, allowing players to have a say in the development of the ecosystem by staking NFT tokens and voting on proposals.
The presale for $TARO tokens is currently underway, with the first stage offering a rate of 1 TARO for 0.020 USDT.
The presale has already raised over $1.15 million so far, and the full game is slated for release in the fourth quarter of 2023.
With its unique blend of storytelling, creativity, and player empowerment, RobotEra is one of the best cryptos to buy now.
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