Best Crypto to Buy Now July 16 – Pepe, MANTRA, Floki
Bitcoin (BTC) has demonstrated significant upward momentum recently, breaking out of its consolidation triangle as it currently trades at $63,717, surging by almost 12% over the last seven days. Several bullish drivers have been identified for this recent price movement.
The weakening US Dollar, influenced by slowing inflation and high expectations of a Federal Reserve rate, has also played a significant role.
Additionally, Ethereum (ETH) is experiencing significant positive momentum following the U.S. Securities and Exchange Commission’s (SEC) preliminary approval of spot Ethereum ETFs for BlackRock, Franklin Templeton, and VanEck.
At press time, Ethereum is trading at $3,405, marking an 11.08% increase from last week’s low. This surge is attributed to growing investor optimism about the ETF launches and their potential to attract institutional capital.
Given that all the alternative cryptocurrencies (altcoins) we’d be examining best crypto to buy today on the Ethereum network, it is worth knowing that Ethereum price action also plays a role in their market trajectories.
Pepe ($PEPE) is a popular frog-themed meme token that has gained significant traction in recent weeks.
Originating from internet meme culture, the $PEPE token stands out as the best crypto to buy and has become a symbol of the playful and speculative nature of the cryptocurrency market.
At press time, $PEPE is trading at $0.0000118, marking a 23.3% increase over the past 24 hours, backed by a substantial trading volume of $2.2 billion.
However, it is currently trading 30.67% below its all-time high (ATH) of $0.00001718, achieved two months ago.
$PEPE has flipped $BNB in daily volume and $BNB has a market cap 17x higher than the frog
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