Best Crypto to Buy Now 24 July – Flex Coin, ApeCoin, The Graph
Bitcoin is currently trading at $29,038 and has dipped by 3.47% so far today, likely due to market anticipation of the Federal Reserve's interest rate announcement on July 26.
The broader cryptocurrency market is also experiencing declines. Ether, the second-largest crypto, is down 2.39% and trading at $1,844.
Other major cryptos, such as Ripple and Binance Coin, have also fallen, dropping 4.89% and 1.98%, respectively.
In other news, Sam Altman, CEO of OpenAI, launched a new cryptocurrency called Worldcoin today.
Its standout feature is an identity verification system that uses retina scans to combat the issue of synthetic identities generated by AI platforms.
Leading crypto exchange Binance also announced plans to list Worldcoin. However, regulatory issues have so far limited Worldcoin's availability in the US.
Given the current context of the cryptocurrency market, Flex Coin, Evil Pepe Coin, ApeCoin, Burn Kenny, and The Graph may be some of the best cryptos to buy now, thanks to their strong fundamentals and/or positive technical analysis.
Following its failed attempt to mount the Fib 0.236 level at $4.862 on July 21, the cryptocurrency traced its path back to the vicinity of the Fib 0.618 level at $3.841.
A subsequent effort to break out from the Fibonacci 0.5 level at $4.156 resulted in an intraday high of $4.193 earlier today.
Despite facing selling pressure that nudged it back to the current price of $4.038, the cryptocurrency remains in the green, logging a 1.43% gain for the day.
This trajectory suggests a possible longer consolidation above the Fibonacci 0.618 level before Flex Coin commences its potential upward climb.
A quick glance at Flex Coin's moving averages elucidates the broader trend. With the 20-day EMA at
Read more on cryptonews.com
