Best Crypto to Buy Now 3 July – Compound, The Graph, Filecoin
Bitcoin (BTC) and ether (ETH) are both trading with a positive bias amid a quiet start to the week.
BTC was last hovering in the upper $30,000s, close to its recent highs above $31,000, while ETH just hit its highest level since May in the $1,970s, with the world’s second-largest cryptocurrency looking to retest the $2,000 level.
Tuesday is independence day in the US, so crypto trading volumes will likely be low amid market closures.
But a bombardment of key macro events is coming later this week, including Fed meeting minutes on Wednesday, US ISM Services PMI and JOLTs jobs data on Thursday and the official US jobs report on Friday.
While the first two days of the week are expected to be quiet for crypto markets, the second half of the week could see a pickup in volatility.
For crypto investors keen to diversify their holdings away from blue-chip names like bitcoin and ether, here are some of the best coins to consider buying on Friday.
Compound (COMP), the token that powers the Compound Finance decentralized finance (DeFi) lending/borrowing protocol, has been pumping in recent weeks and just hit its highest level since last August.
COMP was last trading on major crypto exchanges around $63 per token, up and impressive near 170% from its June lows around $23.
If the cryptocurrency can decisively break above resistance in the $70 area, the door could be open to a quick run back towards $100.
Wall Street Memes, one of the internet’s hottest retail investing communities, rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The success of the $WSM presale, which has raised more than $12 million in just over one month, isn’t
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