The latest update: April 26, 2024, 18:01 EDT | Read 3 minutes
Bitcoin Last time, (BTC), which is a cryptocurrency, was trading at a loss of around 1%. This price was just under $64,000. Ether The price of (ETH) is currently stuck at around $3,100.
A new US release of data shows that inflation is still high in the US. The Fed’s emphasis on not cutting rates anytime soon.
Powell’s favorite inflation indicator.
PCE Core Service MoM Up almost 0.6%
Discussion over. pic.twitter.com/yEBlWeV1MA
— Andreas Steno Larsen (@AndreasSteno) The date of February 24, 2023
It is not surprising that the US dollar, and US Government Bond yields are still trading at multi-month highs against most major counterparts.
This macro-environment is still an obstacle for crypto assets.
ETF outflows are now more than double the inflowsPost-Bitcoins halving BTC could fall below $60,000 if optimism wanes.
Investors need to be very selective in selecting the investments they make. Altcoin Buy.
These are the top cryptos to invest in now.
The Best Cryptocurrency to Buy Right Now
Litecoin is a cryptocurrency.
Litecoin is trying to rise despite the general market weakness.
LTC traded last in the $88, above its 21DMA. It would become one of only a few major cryptos to trade above the 21DMA if it could hold it.
At current levels, LTC has increased by more than 25 % Comparing the previous monthly lows.
According to CoinMarketCap’s 5% increase in the last 24 hours, it is one of today’s top gainers.
Bulls in Litecoin will hope that this recent push upwards marks the beginning of a challenge to the multi-year highs.
Since the beginning of 2023, Litecoin is locked in a range between $60 and 115 dollars.
It is possible to return to the highs of 2021, around $300.
LTC is still likely to post gains of 3.5x in the current bull market. This makes it one of the top cryptos for today.
Neo (NEO).
Neo (NEO), a cryptocurrency that is part of the smart contract blockchain NEO which has just been launched, performed well on Friday.
CoinMarketCap is a cryptocurrency exchange. NEO The price of a token has increased 5% over the last 24 hours, to $20.00.
NEO’s market capitalization has risen to $1.3 billion. This is still 7x lower than its peak in 2021 and 10x less than its highs of early 2018.
The price history of NEO suggests that it usually makes exponential gains compared to its current low levels.
NEO is still 5x during this bull run, which makes it the best cryptocurrency to purchase now.
Ethereum Classic (ETC).
Ethereum Classic (ETC), an unforked version the original Ethereum Blockchain, is trying to move higher on Friday.
The last 24 hour increase was 4%According to CoinMarketCap the price is currently around $28.
ETC fell below the 2024 upward trend earlier this month. ETC has mounted a recovery after briefly falling to as low as $23.
It could be a sign that bulls are in control if it breaks north from the resistance zone of $28-29, which is also where the 21DMA lies.
Ethereum Classic can be considered a high-risk, highly speculative investment. According to DeFi, it has a tiny fraction of Ethereum’s adoption. Ethereum TVL is $133 billion. Ethereum Classic The average American household has a little over $500,000.
ETC’s pump could reach $175 by 2021, a 6.5x increase over current levels.
ETC is a candidate to be the best cryptocurrency for now as the hype in the market and FOMO increase and investors are more irrational.
Alternatives Crypto to Consider
Investors can expect to gain 5-10x on the coins listed above.
Investors seeking to achieve higher returns in the near term should instead consider a high-risk but high-reward strategy. Crypto presales: how to get involved.
Cryptonews.com’s team spends considerable time researching presale projects in order to assist investors.
The team has compiled a list that they consider to be the top crypto presales in April.
Cryptocurrency is an asset class with high risk. The information in this article does not represent investment advice. Your capital could be lost.