Bitcoin hit a new nine-month high earlier today as a result of the latest events surrounding the U.S. banking crisis, which have given a boost to the crypto market. According to coinmarketcap, Bitcoin registered a high of $27,002 before settling on the current price of $26,420 which is an increase of 6.37% so far today.
Considering the recent uptrend in Bitcoin due to the U.S. banking crisis, what are some of the best cryptos to buy today?
The Federal Reserve has been actively lending money to banks in response to the U.S. banking crisis. The Fed allocated $143 billion to holding companies for failed banks and lent $148 billion through the “discount window” program.
Additionally, it inaugurated the Bank Term Funding Program, which has so far lent $11.9 billion to help banks raise funds to meet depositors’ needs.
Economist Peter Schiff speculates that these bank bailouts are essentially quantitative easing (QE) making a comeback and that it will undo the four months of quantitative tightening (QT). Schiff warns of the possibility of higher inflation as a result, as the Fed’s balance sheet could reach a new high by the end of the month, which could happen regardless of any rate hikes.
Although stocks have remained stagnant throughout the day, Bitcoin’s uptrend shows no sign of slowing down. The next potential target for BTC is the horizontal resistance zone ranging from $28,000 to $28,500. However, for this uptrend to continue, it is crucial for Bitcoin to achieve a successful close above the $25,000 to $26,000 level.
To make informed investment decisions, investors should exercise caution and carefully evaluate their options, especially given the recent volatility and macroeconomic developments in the cryptocurrency market.
Some of the best cryptos to buy today based on technical and fundamental indicators include LHINU, STX, FGHT, FTM, METRO, CCHG, and TARO.
Vote, Earn, Repeat: Love Hate Inu’s LHINU Blockchain-based Voting Mechanism
Love Hate Inu (LHINU) has introduced a new blockchain-powered voting system, enabling users to vote on social, political, and entertainment issues without revealing their identity. The platform, built on the Ethereum blockchain, has garnered a large following on social media due to its unique character illustrations.
Users can earn digital currency through the “Vote-to-Earn” function, and LHINU tokens can be obtained using fiat or cryptocurrency. A token presale is currently underway, divided into seven-day phases, with the token value increasing gradually.
During the presale, 90% of tokens will be distributed among community members, while the remaining 10% will be allocated to crypto exchange listings. The second stage of the presale has recently commenced, and Love Hate Inu has already raised over $1 million, with a target of $1,968,750.
The LHINU voting system aims to encourage open discussions on significant issues while maintaining a secure and impartial voting process. The use of distributed ledger technology guarantees an impartial and unalterable voting process.
In response to user feedback, the LHINU voting system has undergone upgrades that have streamlined voting procedures and increased security measures. These enhancements increase the platform’s reliability and trustworthiness, enabling users to share their thoughts on a wide range of subjects with confidence.
Investors have taken notice of Love Hate Inu’s secure and incentivized voting system, along with its commitment to transparency and impartiality, recognizing it as one of the best cryptos to buy today.
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Stacks (STX) has been experiencing a bullish trend lately, with the current price at $1.0611, up 16.55% for the day. Technical indicators suggest that the cryptocurrency is in a position to maintain its bullish momentum.
The 20-day EMA is currently at $0.7759, the 50-day EMA is at $0.6177, and the 100-day EMA is at $0.4921. STX’s current price is trading above all these significant EMAs, indicating that the short to long-term bias for STX is bullish.
The MACD indicator is showing an uptrend with the previous day’s MACD histogram at 0.0059, and the current day’s MACD histogram at 0.0175. The trading volume has increased to 68.833 million from the previous day’s volume of 62.116 million, with a volume moving average of 72.131 million.
On March 17, the debut auction of DeGods’ Bitcoin Ordinals NFT collection was a success, causing STX prices to surge. Notably, DeGod #2428 was sold for 44,256 $DUST or approximately $87,000. This development is significant because the Stacks network operates as a layer 1 blockchain platform that enables developers to create decentralized applications utilizing Bitcoin.
In terms of resistance levels, STX is facing immediate resistance at $1.0887, while the next resistance level is at the extended Fibonacci level of Fib 1.272, which stands at $1.2428. Alternatively, STX could potentially find support at Fib 0.786, which is at $0.9674.
Train and Earn Crypto Rewards with Fight Out’s Unique Gaming Ecosystem
Fight Out’s new gaming ecosystem has the potential to shake up the industry with its train-to-earn system. Users can collect in-app currency by completing challenges and exercise routines, making it different from other play-to-earn models.
The platform’s unique features include the ability to earn and exchange REPS rewards for workout gear, clothing, and reduced subscription rates and the ability for users to upgrade their NFT avatars by participating in challenges and improving their fitness, enabling them to earn more rewards.
Fight Out is focused on maintaining platform authenticity and security, having engaged CoinSniper to perform KYC verification and Certik to verify the FGHT token contract. Investors have recognized the potential of the platform, investing over $5.58 million so far. The presale presents a chance for investors to purchase 9% of the total 10 billion FGHT tokens.
For transactions surpassing $50,000, investors are eligible for receiving a bonus of up to 67% in tokens. Long-term investors are qualified to receive a 10% airdrop as well. The price of the FGHT token will increase by 28% weekly until it reaches a maximum value of $0.0333.
Fight Out’s gaming ecosystem combines fitness and gaming, encouraging users to improve their health while playing their favorite games. The FGHT token presale has become one of the best cryptos to buy today due to its unique features and strong investor interest.
The platform’s four elite athlete ambassadors are a significant part of its appeal, fostering a community of users who are committed to achieving their fitness goals while earning rewards. The ambassadors also create content within the app, contributing to the overall user experience.
Fight Out’s gaming ecosystem represents a significant innovation in the gaming industry, offering a new and exciting way to improve fitness while gaming. With a focus on rewards, community engagement, and fitness, Fight Out is one of the best cryptos to buy today.
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Fantom (FTM) is a blockchain platform that specializes in providing secure and adaptable solutions for decentralized applications (dApps). The platform is based on Directed Acyclic Graph (DAG) technology that allows for high-speed transactions.
Fantom’s recent increase in trading activity and value may be attributed to the release of its latest mainnet upgrade.
The upgrade promises to increase the speed of processing Genesis files and searching logs, as well as enhance block processing time by 30%. These improvements have attracted a lot of investor attention, resulting in a 5.21% surge in the value of FTM on Thursday.
FTM has maintained its bullish momentum, with the current price of FTM trading at $0.4485, representing an increase of 9.47% so far today. FTM is trading well above its current resistance level of $0.4095 to $0.4174. A successful close above this area could potentially send the price to the psychological level of $0.50.
The area between $0.4095 to $0.4174 also has the potential to act as support if a failed breakout were to occur, followed by a more established support in its current swing low of $0.3776 to $0.3897 which is also in confluence with the 100-day EMA at $0.3873.
Metropoly’s NFT Marketplace Provides a New Avenue for Real Estate Investment
Metropoly has established a presale for its NFT marketplace, offering an immediate buy in for a great real estate investment opportunity. Metropoly’s unique fractionalized NFT system enables investors to purchase a fraction of a property using NFTs, providing an accessible and innovative solution for investors to diversify their portfolios.
Metropoly’s NFT marketplace offers investors an alternative investment solution to traditional real estate investing obstacles, such as credit checks, paperwork, and mortgages.
The NFTs are backed by real estate, providing investors with a secure and reliable investment opportunity that generates a monthly rental income and has the potential to increase in value over time.
The platform also provides real-time analytics for investment management, enabling investors to make informed decisions about their portfolios. Investors can either sell their assets instantly or participate in auctions to receive the highest bid, providing flexibility and control over their investments.
Metropoly has garnered widespread attention for its mission to democratize the global real estate market, enabling retail investors to invest in high-yield real estate properties for as low as $100. The presale has generated significant interest from investors, with the project already exceeding its minimum goal of $750,000 by 116% and has reached $875,459 at the time of writing.
Metropoly’s presale offers a unique opportunity for crypto enthusiasts to enter the real estate market. As of now, the presale has reached its ninth stage, with each METRO token priced at $0.0625.
Metropoly has also formed partnerships with over twenty crypto personalities, ChainAdoption, and Tenset, further solidifying its foothold in the cryptocurrency investment arena. The project has received a positive response from the crypto market, with many investors and analysts optimistic about its growth potential in the coming months.
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How C+Charge is Addressing the Challenge of Limited EV Charging Options
As the world shifts towards more sustainable forms of transportation, electric vehicles (EVs) are becoming increasingly popular. However, a major obstacle for many EV owners is the lack of available charging infrastructure.
This is where C+Charge comes in, a blockchain-based payment and charging station search platform that is looking to address the issue of limited EV charging options.
C+Charge’s approach is centered around providing an environmentally-friendly system that makes EV charging and payment as seamless as possible.
By utilizing blockchain technology, C+Charge ensures that payment processing is clear and streamlined, making it easy for EV owners to locate nearby charging stations and pay for charging services using the CCHG token.
C+Charge offers an incentive for EV owners by providing Goodness Nature Tokens (GNT) as rewards, which symbolize certified carbon credits that are tradeable within the application. These tokens are supported by leading venture capital companies, and their use allows EV owners to offset their carbon footprint.
Another key aspect of C+Charge’s strategy is its collaboration with existing charging stations while also constructing new ones. This approach enables C+Charge to quickly expand its network of charging stations and provide a reliable and sustainable charging solution to EV owners.
The presale of C+Charge’s token is currently underway, consisting of eight stages, with each stage lasting for a week before the token price increases.
At present, the presale has amassed more than $2.9 million and is projected to climb higher during the next presale stage which is in less than five days.
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RobotEra’s Play-to-Earn System Makes TARO One of the Best Cryptos to Buy Today
RobotEra has positioned itself as a major contender in the highly competitive field of metaverse gaming platforms by offering a distinct play-to-earn experience that includes entertainment, interaction, creation, exploration, and decentralized governance.
One of RobotEra’s standout features is the use of digital assets and cryptocurrency, allowing players to generate earnings from their in-game activities. The platform boasts virtual and augmented reality components, as well as user-friendly building tools that inspire creativity and innovation.
RobotEra’s emphasis on community governance and decentralization sets it apart from other metaverse games. This unique approach empowers players to influence their faction’s strategies and the use of their treasury tokens by making suggestions or decisions.
The platform fosters an environment that promotes cooperation, commerce, and active player engagement, providing users with an optimal opportunity to link their unique properties and build interconnected destinations such as other social spaces, theme parks, and galleries.
RobotEra’s TARO token raised over $1 million in its presale, giving investors a chance to invest in a project with a high potential for a successful launch. In recent times, the TARO token’s price trends have seen a significant surge, making it a promising crypto investment opportunity.
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Originally Posted on: https://cryptonews.com/news/best-crypto-buy-now-17-march-lhinu-stx-fght-ftm-metro-cchg-taro.htm