By Best Crypto to Buy Now November 24 – BLUR, PYTH, MINA
Last updated: November 24, 2023 06:28 EST
. 9 min read
The BLUR price is seeing a considerable price boost from its Binance listing, elevating it to one of the best crypto to buy now.
Meanwhile, PYTH and MINA continue to show promising signs of growth and development, alongside upcoming crypto presales like Bitcoin ETF Token and Bitcoin Minetrix.
Best Crypto to Buy Now in the News
The recent listing of BLUR on Binance has opened up new trading opportunities for the cryptocurrency. After the official announcement by Binance to list BLUR, there has been a notable increase in trading volume and activity.
BLUR is receiving a near 32% boost just hours after being listed on leading exchange Binance, validating how rapid and profound the impact of exposure on top trading exchanges can be for cryptocurrencies.
Other contributing factors to BLUR’s market rise include the successful Season 2 airdrop and the launch of the Blast network.
PYTH recently closed a trading day with a 17.90% upside move. However, today’s price action suggests a potential cooling period, which could offer buyers more attractive entry points.
Mina Protocol (MINA), celebrated for its lightweight and efficient blockchain, leverages advanced cryptography and recursive zk-SNARKs to maintain a minimal blockchain size.
This unique feature bolsters Mina’s privacy capabilities and real-world connectivity, promoting a secure and democratic future in the cryptocurrency market.
Missed out on the action at Devconnect Istanbul? 📷
Catch up with our latest blog recap, featuring highlights from the event and the innovative ZK projects built on Mina Protocol.https://t.co/kPJlqfpmgn
— Mina Protocol 🪶 (@MinaProtocol) November 24, 2023
Mina’s recent involvement at Devconnect Istanbul 2023, one of the biggest Ethereum events of the year, significantly bolstered its visibility.
This included over 20 talks and workshops by Mina contributors, participation in hackathons that led to 29 Mina project submissions, and keynote presentations by Mina ecosystem partners.
The cryptocurrency Mina is on track for a third consecutive day of gains, currently trading at $0.7476 and up 8.74% so far today. This continues Mina’s attempt to break out from the trading range it has been stuck in over the past month.
Meanwhile, early-stage crypto presales like Bitcoin ETF Token and Bitcoin Minetrix are also drawing attention as potential best crypto to buy now.
While not yet fully established, these projects offer fresh Bitcoin alternatives and showcase the continuous advancements of the cryptocurrency market.
Let’s look at why BLUR, PYTH, MINA, BTCETF, and BTCMTX may deserve consideration as the best crypto to buy now.
BLUR Price Surges 31.94% After Binance Listing: Bullish Momentum Takes Hold
The BLUR price has seen a dramatic turnaround today, surging 31.94% so far and invalidating yesterday’s aforementioned potential bearish scenario.
This strong momentum comes on the heels of BLUR’s listing on Binance, demonstrating the coin still has upside potential as investors flock to newly listed cryptocurrencies.
BLUR price is currently trading at $0.6708, smashing through the immediate resistance level between $0.5327 and $0.5651.
With this breakout, BLUR appears on pace to continue climbing toward the next overhead resistance between $0.7123 and $0.7469.
The technical indicators support this bullish momentum. The 20-day EMA stands at $0.3935 while the 50-day EMA is at $0.3160, with BLUR’s price well above both averages. This shows the short-term trend overpowering the longer-term trend.
Additionally, the RSI is at 82.31, moving closer to last week’s peak of 83.22. This illustrates strong positive momentum that could invalidate bearish divergence forecasts.
Finally, the MACD histogram sits at 0.0212, increasing substantially from yesterday’s 0.0074. This growing positive value aligns with the powerful bullish sentiment propelling the BLUR price higher.
While the BLUR price faces overhead resistance ahead, the breakout past immediate resistance coupled with supportive technical indicators suggests the upside may not be over yet.
BLUR continues demonstrating its strength after listing on Binance, and the $0.7123 to $0.7469 zone appears a likely next target. With momentum rolling, BLUR has the potential to continue this ascension as long as volumes persist.
PYTH Price Reaches New Heights, Then Retreats: What’s Next for the Coin?
After reaching a new all-time high of $0.5577 earlier today, the PYTH price has seen a retracement over the past few hours. PYTH is currently trading at $0.4834, down 2.93% from its daily highs. With the PYTH price pulling back from its record level, traders are analyzing key technical indicators to determine if this is a healthy correction or the start of a deeper selloff.
The 20-day EMA for the PYTH price stands at $0.5098 while the 50-day EMA sits at $0.4819. With the short term EMA above the longer term EMA, this is typically viewed as a bullish sign. However, with the current PYTH price trading below both EMAs, this indicates some caution may be warranted at current levels.
The RSI for PYTH is 41.28, giving it room before hitting oversold territory below 30. The MACD histogram is presently at -0.00825, showing bearish momentum is building.
As the PYTH price declined today, it found support around the 50 EMA at $0.4819. This EMA aligns with the horizontal support zone between $0.4724 to $0.4814. If PYTH can maintain this support, it could stabilize and consolidate before making its next major move.
Looking ahead, the initial resistance PYTH needs to clear sits around the 20 EMA at $0.5098. Beyond that, the key test will be taking out the current swing high resistance between $0.5429 to $0.5572.
With the technical indicators showing bearish signals, traders may want to wait for PYTH to reclaim key levels before getting overly bullish again. Trading within defined risk limits seems prudent until PYTH can regain its upside momentum.
MINA Price Analysis: Bullish Momentum Builds as MINA Pushes Higher
The MINA protocol (MINA) price has seen bullish momentum today, trading up 8.74% and attempting to break out from its month-long trading range.
With MINA pushing to new local highs, traders are watching key indicators to see if this rally has further upside ahead.
The 20-day EMA for the MINA price is at $0.6305 while the 50-day EMA stands at $0.5665. With the faster EMA above the slower EMA, this is a bullish setup.
Additionally, with the current MINA price of $0.7476 trading above both EMAs, this shows strong upside conviction.
MINA’s RSI has climbed to 66.25 today, up from 60.92 yesterday and moving out of neutral territory.
The MACD histogram now shows a fresh bullish crossover at 0.0022. This improving momentum aligns with the price gains seen today.
Looking at resistance, MINA faces initial barriers between $0.6905 to $0.7298. This zone aligns with the Fib 0.382 level at $0.7298.
If MINA can push through this area, it could open up a test of the psychological $1.00 level.
On the downside, support exists around the 20-day EMA at $0.6305 and the Fib 0.500 level at $0.6905. As long as MINA holds above these levels, the short-term uptrend remains intact.
With MINA breaking out today, technicals are growing increasingly bullish. However, trading within defined risk limits is still prudent until the coin can establish support and confirm the start of a new uptrend.
Either a break above $0.7298 resistance or a dip back below $0.6305 support could set the next major move.
While BLUR, PYTH, and MINA make waves in the crypto market, new projects are leveraging presales to build momentum.
Among them are Bitcoin ETF Token and Bitcoin Minetrix, attracting interest as potential Bitcoin alternatives.
Uncovering Promising Bitcoin Alternatives Before They Take Off
With Bitcoin dominating the crypto market, many investors are searching for the next big thing – overlooked Bitcoin alternatives that have yet to grab the spotlight.
One strategy is targeting cryptocurrency projects conducting presale events for their platform’s native tokens.
Crypto presales provide an opportunity to purchase new crypto tokens at discounted rates compared to eventual listing prices.
Although risky, presales give investors a first-mover advantage with up-and-coming cryptocurrencies before mainstream adoption.
The key is identifying projects with real-world utility that can solve problems or meet demands.
Two Bitcoin alternatives gaining interest during their presale stages are newcomers Bitcoin ETF Token and Bitcoin Minetrix.
Their presale token discounts could give investors access to the next crypto breakouts at a fraction of their future price potential.
For investors seeking the best crypto to buy now, these Bitcoin alternatives are worth tracking before takeoff.
Spot ETF Approval May Be on the Horizon: Bitcoin ETF Token Is One of the Best Crypto to Buy Now
The price of Bitcoin jumped to an 18-month high of over $38,000 earlier today as excitement builds around the prospect of the first spot bitcoin exchange-traded fund (ETF) being approved by the Securities and Exchange Commission (SEC).
The news comes after asset manager BlackRock met with the SEC this week to discuss its Bitcoin ETF application, sparking hopes that approval could be on the horizon.
This surge of optimism has also lifted Bitcoin ETF Token, a new Ethereum-based cryptocurrency designed to benefit from milestones in the journey of the spot Bitcoin ETF. The token has attracted over $1.5 million in investments so far and is currently priced at $0.0058.
🔍 The #BitcoinETF — a long-awaited focus for #Crypto entrepreneurs.
Simplifying #Bitcoin interest, it enables stock market traders to access digital asset shares via regular brokerage accounts, bypassing the complexities of direct purchase and storage. pic.twitter.com/dCeBuzd1n3
— BTCETF_Token (@BTCETF_Token) November 24, 2023
According to filings, there are now at least 12 applications for spot bitcoin ETFs before the SEC, with major financial institutions like BlackRock, Fidelity, and Galaxy Digital vying to be first to market.
The Bloomberg Intelligence team estimates the bitcoin spot ETF market could reach $100 billion once the products launch.
“It would just be simple and easy to place a trade – to have it long in a client’s investment advisory account,” said Chuck Cumello, CEO of Essex Financial Services in Connecticut. Many wealth managers like Cumello are fielding inquiries from clients eager to gain exposure once an ETF is approved.
The path for approval seems to be clearing, with the $4.3 billion Binance settlement removing a major unregulated exchange from the picture, and continued optimistic comments from SEC Commissioner Hester Peirce. The next target for regulators may be Tether and its USDT stablecoin, analysts say.
For investors seeking to profit from the mounting ETF hype, Bitcoin ETF Token employs a unique twin-burn mechanism that bolsters scarcity and aligns holders with each milestone.
The token has already attracted bullish reviews from crypto influencers on YouTube touting the cryptocurrency as the best crypto to buy now
With bitcoin’s price on the rise and confidence growing, the long wait for a spot ETF may soon be over. While approval is never guaranteed, the market appears to be anticipating its eventuality.
Visit Bitcoin ETF Token Now
Bitcoin Minetrix’s Stake to Mine Model Makes It One of the Best Crypto to Buy Now
A new cryptocurrency project called Bitcoin Minetrix is gaining traction for its unique stake-to-mine model that allows participants to earn Bitcoin mining credits by staking the platform’s BTCMTX token.
Seeking to open Bitcoin mining to a wider audience, Bitcoin Minetrix intends to reduce the historically cost-prohibitive barriers to entry imposed by the need for expensive, specialized equipment.
Interested in how #Bitcoin is created? 🧐#BitcoinMining involves powerful systems solving complex puzzles, validating transactions, and earning new $BTC.
With #BitcoinMinetrix, diving into a smooth #Crypto mining adventure is easily achievable. ⛏️💰 pic.twitter.com/r5VnmqQDN3
— Bitcoinminetrix (@bitcoinminetrix) November 24, 2023
Since launching its presale in late September, Bitcoin Minetrix has raised over $4.3 million from investors eager to acquire the BTCMTX token early. The token is currently priced at $0.0118 in the presale.
After staking their tokens, users can collect Bitcoin mining profits from the platform’s pooled mining operation. The Bitcoin Minetrix team plans to build out the platform over time by partnering with cloud mining providers and launching mobile app access.
The project’s pioneering stake-to-mine model has generated significant interest in crypto communities, with many viewing it as a potential disruptor to the Bitcoin mining sector.
The coming months will reveal whether Bitcoin Minetrix can make Bitcoin mining more accessible while ensuring a fair, secure, and transparent distribution of rewards.
Visit Bitcoin Minetrix Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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