By Best Crypto to Buy Now 14 June – Binance Coin, Injective, Fantom
The U.S. Federal Reserve’s recent decision to maintain its key lending rate has surprised many, as it breaks the trend of rate hikes observed in the past year and a half.
This has left some wondering how long the pause will persist, given the persistent inflationary forces in the economy and the challenge of reining in inflation to the target level of 2%.
With the macroeconomic backdrop in a state of flux, investors may want to consider how this could impact the selection of the best cryptos to buy now.
Despite the pause, the Fed’s benchmark interest rate now stands between 5% and 5.25%, the highest since 2007, while banks’ rates on short-term loans are in a range last seen about sixteen years ago.
The Fed’s willingness to elevate rates further if necessary indicates the challenges ahead.
The cryptocurrency market has been impacted by regulatory concerns, causing considerable turbulence and uncertainty for investors.
As a result, Bitcoin is currently trading at $25,076, reflecting a 3.32% loss so far today, while Ethereum is trading at $1,649 and experiencing a 5.16% loss.
In light of the Federal Reserve’s decision, investors may want to consider buying cryptocurrencies with strong fundamentals and favorable technical analysis.
Some of the best cryptos to buy now include WSM, BNB, ECOTERRA, INJ, YPRED, FTM, and LPX.
Wall Street Memes Raises Over $7 Million in Just Three Weeks of $WSM Presale
Wall Street Memes has raised over $7 million so far in funding just three weeks into the presale of its $WSM meme coin.
The presale of $WSM tokens is currently in stage 14, with a price of $0.0289 per token.
Early participants have the opportunity for potential gains, as the token price will rise to $0.0337 at the end of the presale.
Wall Street Memes has a strong social media presence, with over a million engaged community members across multiple platforms.
This has drawn responses from influential figures like Elon Musk, amplifying attention towards Wall Street Memes and its $WSM presale.
Wall Street Memes is morphing into a strong player in the meme coin arena, and analysts predict a high likelihood of the $WSM token being listed on major crypto exchanges.
This would expose the coin to a wider potential market, fostering increased trading volumes and liquidity that could positively affect the token’s price.
Prior to major listings, the $WSM token will appear on decentralized exchanges, providing an opportunity for everyone to participate.
To empower small investors, Wall Street Memes has dedicated 100% of its token supply to its members, with 30% set aside for community rewards, indicating a probability of substantial airdrops in the ecosystem.
As prospective meme coins like Dogecoin, Shiba Inu, and Pepecoin continue to capture attention, Wall Street Memes stand as a promising contender in the cryptocurrency market.
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Binance Coin (BNB)
Binance Coin (BNB) is currently grappling with a lack of momentum to initiate an upward trend, as the market remains in a downturn and uncertainties persist regarding the SEC’s case against Binance.
Examining the various technical indicators offered paints a nuanced picture of BNB’s prospective price movements.
The 20-day EMA of $271.8, significantly above the current BNB price of $237.1, suggests that the immediate trend for BNB is bearish.
This sentiment is reinforced by the 50-day EMA ($293.1) and the 100-day EMA ($301.4), both towering over the current price. It’s apparent that BNB is currently stuck in a downtrend with resistance far beyond its grasp.
With the RSI currently at 26.06, down from 28.20 just yesterday, BNB appears significantly oversold.
Typically, an RSI below 30 suggests the asset is oversold, which could potentially lead to a price correction in the near future.
Meanwhile, the MACD histogram displays a value of -5, slightly improved from yesterday’s -5.7.
Despite the persistent negative value pointing towards the sellers’ market, the slight increase indicates a possible decrease in bearish momentum.
In terms of resistance, BNB faced a setback earlier today when it attempted to break the Fib 0.236 level, peaking at an intraday high of $252.8 before falling back to the current price.
This resistance level remains a substantial hurdle for BNB’s upward movement.
The immediate support for BNB seems to be the horizontal resistance level of $220 to $231, which was tested twice previously in December and July last year.
If BNB’s price continues its downward trend, investors should keep a close eye on these levels as a further drop could ignite a more severe downtrend.
While BNB seems to be in a bearish phase, the oversold conditions suggest the possibility of a bounce-back in the near future.
However, until BNB breaches its immediate resistance level or finds strong support, caution should be exercised.
Potential investors are advised to closely monitor market trends and manage risks effectively.
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Investing in Sustainability: ecoterra’s $ECOTERRA Ranks Among the Best Cryptos to Buy Now
The problem of environmental pollution has been a significant concern, and ecoterra’s new cryptocurrency initiative seeks to address it.
The Recycle-to-Earn (R2E) platform has made exceptional strides in its product development journey as it prepares for its planned launch.
Progress for the presale of the platform’s $ECOTERRA token has been remarkable, with the benchmark of $5 million already surpassed and current funds exceeding $5.12 million and continuing to climb.
ecoterra is in the process of opening user applications for the beta version of its R2E application.
This promising initiative finds potential in any locale employing Reverse Vending Machines (RVMs).
Offering a peek at its application interface, the web3 startup plans to make it accessible via desktop and mobile.
User-friendly and straightforward, the application is anticipated to provide an impressive user experience.
ecoterra has diligently worked to integrate major beverage brands such as Coca-Cola, Carlsberg, and Evian into its database of scannable products.
This integration will allow users to scan and recycle bottles from these brands and more using RVMs, and receive crypto incentives for their dedication to recycling and the environment.
ecoterra plans to construct a complete $ECOTERRA-powered web3 ecosystem, with a primary focus on promoting recycling through its pioneering Recycle-to-Earn (R2E) system.
As ecoterra’s platform development gains momentum with the successful completion of its crypto presale funding, many experts are looking at it as one of the best cryptos to buy now.
Analysts predict an upward trajectory for $ECOTERRA as it launches on major crypto exchanges next quarter.
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Injective (INJ)
Injective (INJ) finds itself in a precarious position according to its technical indicators.
The price of INJ is currently below key exponential moving averages, indicating a bearish sentiment among traders.
The 20-day EMA is at $6.597, the 50-day EMA is at $6.673, and the 100-day EMA is at $6.082, all significantly higher than the current price of $5.884.
This recent underperformance, which includes a 2.41% decrease so far today, has placed the INJ price well below these significant markers, emphasizing the possibility of a continuation of a downward trend.
However, the RSI, a momentum oscillator that measures the speed and change of price movements, currently reads 39.49, down from yesterday’s 41.04.
This indicates a slight increase in selling pressure, but it is not drastically in the oversold territory, providing some hope for the bulls.
At the same time, the MACD histogram indicates a slightly less negative value compared to the previous day, with a decrease from -0.185 to -0.173.
Although still in the bearish zone, this mild uptick in the MACD could suggest a possible slowdown in the downward momentum.
In terms of market health, Injective’s market capitalization has taken a minor hit, contracting by 1.27% to $471 million. However, the trading volume presents a silver lining, as it surged 23.93% to reach $55 million.
The increase in volume during a period of declining prices could signal a potential interest in accumulation, or it could be a sign of capitulation selling. This ambiguity necessitates a cautious approach by traders.
Looking at Fibonacci retracements, the INJ price faces significant resistance at the Fib 0.618 level at $6.059.
Interestingly, this level coincides with the 100-day EMA, further solidifying this resistance zone. Overcoming this hurdle is critical for the bulls to regain control.
Immediate support for INJ lies in the horizontal support zone of $5.393 to $5.663. If the selling pressure intensifies and the INJ price breaks below this support level, the situation could turn grimmer for the cryptocurrency.
Injective is currently displaying bearish signals, based on its positioning relative to the key EMAs and the slightly negative RSI and MACD readings.
Nevertheless, traders should keep an eye on the increased trading volume and closely watch the immediate support level.
If the price begins to stabilize or reverses above this level, it might present a good buying opportunity. Otherwise, patience could prove beneficial as the market uncovers its next direction.
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Ai-Powered Trading Made Easy: Why yPredict’s $YPRED Token Is One of the Best Cryptos to Buy Now
yPredict is an AI-powered crypto trading and market intelligence platform that has raised over $2.36 million so far in its presale.
The project will offer a unique blend of AI-powered tools and features that will exceed the traditional scope of crypto analytics.
With its commitment to redefining financial market price forecasting and its advanced research and trading platform, yPredict seeks to become a significant player in the industry of crypto trading and market intelligence.
One of yPredict’s solutions is a budget-friendly, self-hosted content solution designed for medium to large content teams, streamlining content creation and boosting productivity.
As AI becomes more prevalent, yPredict will equip traders and investors with various AI-backed trading signals, breakouts, pattern recognition, and social/news sentiment features.
yPredict plans to launch its Analytics, Repository, and Marketplace platform by the end of 2023, further cementing its place in the world of crypto trading and market intelligence.
The project has pledged to keep its crypto price prediction system open and free for all users, catering to a larger audience.
The $YPRED token is the economic backbone of yPredict’s trading platform, generating considerable interest among investors.
Users will pay a $YPRED-denominated subscription fee to access premium features, and 10% of these fees will be distributed to existing $YPRED token holders.
With $YPRED tokens still offered at a discount, investors should act fast to secure their share in one of 2023’s most promising crypto presales.
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Fantom (FTM)
Fantom (FTM) continues to face bearish pressure, as indicated by its moving averages.
The 20-day EMA sits at $0.2939, below both the 50-day EMA ($0.3419) and the 100-day EMA ($0.3721). This suggests that the short-term trend is downward and the bears are in control.
However, there are some signs that a reversal may be on the horizon.
The RSI is currently at 31.93, down from yesterday’s reading of 33.62. This indicates that the asset is oversold, and a bounce back or trend reversal might soon follow.
The MACD histogram has improved slightly to -0.0030 from yesterday’s -0.0039. This positive divergence could be an early indication that selling pressure is easing, and the bears are losing their grip.
FTM’s price is currently hovering at $0.2524, down by 3.15% so far today. Resistance lies at the Fib 0.236 level of $0.2696, which may serve as a hurdle for the bulls to overcome in the short term.
Should the price successfully break through this resistance, it could pave the way for further gains.
In the meantime, FTM finds immediate support in the range of $0.2124 to $0.2401, which represents a critical horizontal support level.
If the price falls below this support, it may signal a continuation of the bearish trend, prompting traders to exercise caution.
While Fantom (FTM) is currently experiencing bearish momentum, the technical indicators suggest that a potential reversal may be near.
Traders are advised to closely monitor the RSI and MACD histogram for further signs of a shift in market sentiment and be prepared to adjust their positions accordingly.
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Launchpad XYZ: The One-Stop-Shop Platform for Web3 Enthusiasts
Launchpad XYZ is an up-and-coming web3 platform in the cryptocurrency space that has garnered attention with its successful presale fundraising campaign, amassing over $975,000 so far.
This platform will provide easy access to the web3 world, including NFTs and play-to-earn games, through a single portal.
The $LPX token will gradually increase over nine presale stages, peaking at $0.0565 when it hits the decentralized exchange in Q3 2023.
Launchpad XYZ differentiates itself from other web3 platforms by offering a range of features to its users.
These features include tools for analyzing, trading, and investing in NFTs, fractionalized assets, and utility tokens.
Additionally, the platform will provide integrated tools for identifying promising Web3 assets.
In its future plans, Launchpad XYZ will emphasize education, with the “Alpha” section offering resources for a comprehensive understanding of cryptocurrency fundamentals.
The platform also intends to introduce a metaverse library and web3 gaming hub to encourage widespread adoption of these technologies.
To foster its ecosystem, Launchpad XYZ will use the $LPX token, which will provide users who stake at least 10,000 tokens with several benefits.
This creative incentive structure is designed to foster sustained token holding and lessen the likelihood of a sell-off immediately after the listing.
Should user adoption meet expectations, the slated release of core features on the platform in Q3 2023 could create significant demand for the $LPX token.
With a maximum token supply of 1 billion and a fully diluted market cap of $70 million at launch, $LPX has the potential to make a substantial impact within the cryptocurrency market.
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