Best Crypto to Buy Now 1 August – Trust Wallet, Rocket Pool, Immutable X
Despite recent changes to macroeconomic policies, analysts warn that Bitcoin could still plummet to $25,000.
Data shows that the 50-day EMA has been persisting as resistance for the past week with Bitcoin having no significant changes to the upside.
Given these challenges, what are the best cryptos to buy now?
The stability of Bitcoin is somewhat in limbo, despite other financial indicators painting a more positive picture.
The U.S. equity market is on the upswing, and the Federal Reserve may soon conclude its most rigorous monetary tightening in decades.
Yet, Bitcoin's reaction has been negligible. With this in mind, many predictions lean towards the possibility of the cryptocurrency descending towards or even below the $25,000 mark.
These estimates stem from the belief that Bitcoin's value needs more time to adjust to the current macroeconomic developments.
Meanwhile, the S&P500 has experienced a string of successes lately, which may lead to a new era of monetary policy that is more favorable to Bitcoin's long-term prospects.
Some believe that the situation might turn if the U.S. approves a Bitcoin spot price exchange-traded fund. However, as things stand, Bitcoin continues to grapple with resistance over both short and long timeframes.
Looking ahead, the next support levels could potentially be at $28,000, $25,000, and low-$20,000s, all of which may offer better relative opportunities for investors.
Amid this crypto investment environment, Trust Wallet, Wall Street Memes, Rocket Pool, Shibie, Immutable X, and XRP20 stand out as some of the best cryptos to buy now, backed by strong fundamentals and positive technical analysis.
Trust Wallet Token (TWT) is vigorously challenging its immediate resistance of the Fib 0.382 level at
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