Bitcoin is presently hovering just below the $29,000 mark following a successful close of yesterday's trading session above the highly-monitored level, with a 1.89% price increase in the past 24 hours.
Despite achieving an intraday high of $29,387 earlier in the day, the digital currency is currently trading at $28,900.
Given Bitcoin's recent performance amidst an uncertain macroeconomic backdrop, what are the best cryptos to buy now?
Bitcoin's upward trajectory has prompted market observers to anticipate a robust and sustained rally.
The recent increase in Bitcoin's trading activity occurred shortly after the rate hike and coincided with reports of potential instability in the U.S. banking sector.
According to Matrixport, Bitcoin's price could experience a 20% surge to $36,000 if the recent rate hike marks the end of the current cycle.
Matrixport's research suggests that the digital currency's ascent is likely to encounter minimal resistance in the coming weeks.
The conclusion of the earnings season is also expected to usher in a new wave of stock buybacks, providing a favorable environment for risk assets and equities.
Based on fundamental and/or technical analysis, some of the best cryptocurrencies to buy now are AI, RPL, LPX, STX, ECOTERRA, RNDR, and YPRED.
AiDoge recently raised $1.45 million in over a week during its presale for its unique meme-generating AI technology.
The $AI token has been drawing attention, as it blends the popularity of meme coins and AI. Stage 3 of fundraising is underway, with the token valued at $0.0000272.
AI is transforming various industries, and AiDoge is introducing a new kind of internet tool: meme generators.
Users will be able to create memes by providing a text prompt describing the desired
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