Best Crypto to Buy Now 7 July – eCash, Filecoin, Polygon
Crypto markets are generally flat or trading with a slight positive bias on Friday, with the latest US jobs numbers for June not having rocked the boat too much.
Bitcoin (BTC) was last around $30,000, ether (ETH) around $1,870, while the overall market’s capitalization was half a percent up around $1.18 trillion.
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.
eCash (XEC), a proof-of-stake alternative to bitcoin that has its roots in Bitcoin Cash, has pumped over 11% on Friday.
In late June, the cryptocurrency broke to the north of a downtrend that had been in play going all the way back to August 2022.
After hitting multi-month highs above $0.000045 in early July, the cryptocurrency pulled back to retest its former downtrend at the start of this week.
However, the bulls piled back in and XEC is up more than 30% from earlier weekly lows around $0.00003 in the $0.000039 area.
If XEC can break above resistance at $0.000045, the door is open for a push to last summer's highs in the $0.00006 area.
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 $13.26 million in just over one month, isn’t surprising given the size of Wall Street Memes’ community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
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