Best Crypto to Buy Now 16 March – The Graph, Lido DAO, Injective
In a financial landscape characterized by soaring volatility, Bitcoin, the flagship cryptocurrency, is demonstrating a shift from its bullish trajectory that had set the tone for the year.
Today's trading pattern shows a notable pullback from last month's high of $31,046, presenting a murky market sentiment. Given this state of flux, what are the best cryptos to buy now?
Bitcoin's price is currently experiencing a minor decrease of 0.54%, trading at $27,029, with instances of dipping below the $27,000 mark during early trading.
Despite initially surpassing this milestone in April, Bitcoin has found it hard to maintain its position above the highly significant $30,000 mark.
Although BTC's annual growth still stands at an impressive 60%, there are signs that the rally could be losing its momentum and might be on the brink of a deeper correction.
Bitcoin appears to be settling just above the $27,000 support level. However, after breaching this significant support level last week, the risk of further dips in price cannot be dismissed.
Although it found support around $26,000, generating substantial upward momentum for Bitcoin is proving to be a challenge, and if it were to fall below $26,000, the next conceivable support level could be around $25,000.
Even though Bitcoin has powered through 2023 so far, its recent loss of momentum warrants diversification into other cryptocurrencies.
Considering their strong fundamentals and/or technical analysis, cryptocurrencies such as AI, GRT, ECOTERRA, LDO, YPRED, INJ, and DLANCE are some of the best cryptos to buy now.
AIDoge's utilization of AI to reinvent meme generation is gaining a lot of interest in the cryptocurrency community, and the platform has raised an incredible $8.3 million so
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