Best Crypto to Buy Now – CFX, MASK, OP
As Bitcoin forges ahead in its pursuit of the significant $30,000 level, the cryptocurrency is experiencing a resurgence of bullish momentum after a temporary dip related to regulatory issues, with investors eying a fed pivot sometime this year. How might this affect the best cryptos to buy now?
Bitcoin saw its value rise for the second day in a row today, gaining 4.14% so far today and trading at $28,401 as of writing.
On Monday, Bitcoin's price experienced a downturn, hitting a 10-day low following the initiation of legal action against Binance by the US Commodity Futures Trading Commission (CFTC).
The lawsuit accuses Binance of contravening regulations related to trading and derivatives.
As a result, the world's largest cryptocurrency exchange has seen withdrawals of more than $1.6 billion as of writing.
Binance, for its part, contested many of the assertions presented in the legal filing.
In the ever-evolving regulatory landscape of cryptocurrencies, investors are advised to be cautious and conduct thorough research when choosing which digital assets to invest in.
By carefully considering both the technical analysis and fundamentals, a selection of promising cryptocurrencies has been identified as some of the best cryptos to buy no in the current market: CFX, LHINU, MASK, FGHT, OP, and TARO.
The technical indicators for Conflux (CFX) indicate a strong bullish trend for the Chinese cryptocurrency.
The 20-day, 50-day, and 100-day EMAs of $0.3246, $0.2498, and $0.1787 respectively show a bullish crossover pattern with the shorter-term EMAs crossing above the longer-term EMAs.
This is a bullish signal indicating rising momentum and continuation to the upside.
The RSI of 61.89 is also in the bullish territory above 50. This suggests
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