Best Crypto to Buy Now 28 March – FLR, GMX, ADA
The week has commenced on a dismal note for Bitcoin, as the digital currency grapples with market wide issues and overall macroeconomic uncertainty.
The downturn is largely a consequence of the legal action initiated on Monday by the Commodities Futures Trading Commission (CFTC) against Binance and its CEO, Changpeng Zhao.
How might this recent U.S. regulatory development influence the selection of the best cryptos to buy now?
The cryptocurrency market reacted promptly to the news of the CFTC's crackdown on Binance, with the lawsuit sending Bitcoin, along with other digital assets, into a downward spiral on Monday.
After achieving a nine-month peak of $28,919, BTC slippedc below $28,000, where it hovered for the majority of the week.
At the time of writing, BTC is trading around the $27,000 mark, near break even today.
Binance's own digital currency, BNB, has fared worse in response to the news compared to other leading coins, predictably.
The altcoin fell by nearly 6% yesterday, closing at $310.60 and is down 6.8% on the weekly chart.
In light of the changing regulatory landscape and the potential ramifications of legal actions on the cryptocurrency sector, investors are encouraged to exercise prudence and conduct thorough research when choosing digital assets for their portfolios.
In assessing both fundamental and technical considerations, the following cryptocurrencies are some of the best cryptos to buy now: FLR, LHINU, GMX, FGHT, ADA, CCHG, and TARO.
Flare Network's cryptocurrency, FLR, has been posting a significant price increase despite the broader cryptocurrency market selloff on Monday.
FLR closed yesterday's candle with a 7% gain. FLR has followed up on this bullish momentum posting an intra-day high of $0.04453 earlier
Read more on cryptonews.com
