Best Crypto to Buy Today 10 February – MEMAG, RPL, FGHT, LDO, CCHG

cryptonews.com:

The crypto market has experienced a downturn as of late, with Bitcoin and Ethereum prices dropping by 5.09% and 6.39% respectively on the previous candle close. The total crypto market capitalization has also decreased, currently standing at around $1 trillion, down 1.2% over the previous 24 hours.

While some market corrections were expected, the recent announcement by the SEC to ban staking-as-a-service has intensified the market decline. With these factors in mind, read on to learn about the best cryptos to buy today.

The SEC also recently charged the Kraken cryptocurrency exchange for failing to register its digital asset staking-as-a-service program. Kraken has since agreed to halt its crypto staking services and pay a $30 million fine.

In light of the move, SEC Chairman Gary Gensler has emphasized the need for crypto intermediaries to comply with proper securities laws when offering investment contracts in exchange for tokens.

Despite its decision, the SEC has come under fire from both members of the crypto community and some legislators. For example, United States House Majority Whip Tom Emmer expressed his disapproval, claiming that by preventing US citizens to access offshore staking services, the SEC is causing harm to the American people.

When it comes to investing in the volatile crypto market that is currently seeing such legal pressures, choosing the right projects can be a challenge. However, during this time of market correction and consolidation, it may be wise to focus on tokens that exhibit strong fundamentals and/or technical analysis.

Several cryptocurrencies that have the potential to deliver favorable returns include MEMAG, RPL, FGHT, LDO, and CCHG, some of the best cryptos to buy today.

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