Best Crypto to Buy Now 13 April – INJ, NEAR, ICP
With Ethereum's Shapella hard fork now in the rear-view mirror and Bitcoin's reclamation of $30k settling, savvy investors are on the lookout for the next big opportunity amid the volatile crypto market chop.
As Bitcoin's rally seems set to cool down due to profit-taking and as withdrawals of staked ETH begin, investors are eager to find new prospects to rotate gains in this dynamic market.
Here, we will go through six altcoins showing great potential: Injective Protocol (INJ), Love Hate Inu (LHINU), NEAR Protocol (NEAR), DeeLance (DLANCE), Internet Computer (ICP), and Ecoterra (ECOTERRA).
Injective Protocol, a trailblazing decentralized exchange (DEX) built on the Cosmos blockchain, brings together the best of both worlds: traditional order book models and the transparency of decentralized exchanges.
As a result, Injective offers cross-chain margin trading, derivatives, and forex futures trading to its users.
The recent uptick in INJ's price can be traced back to its growing network of participants.
An array of new projects has tapped into Injective's innovative resources, such as decentralized bridges, oracles, and composable smart contract layers, to create DeFi applications since the year's outset.
Current Price: $6.7 (24HR CHANGE +1.85%)
April Change: +44.32%
Examining the price action, INJ has displayed a strong bounce off the support from its 20-day moving average (MA).
However, it's worth noting that its relative strength index (RSI) is currently at 73.37, indicating an overbought market that might need to cool off before further growth.
Despite the minor bullish divergence shown by the moving average convergence divergence (MACD) at 0.122, the risk-reward ratio of 0.64 suggests a less-than-optimal entry point for
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