Best Crypto to Buy Today 16 December – FGHT, CHZ, D2T, LDO, RIA

cryptonews.com:

After suffering a 2.49% drop due to the Federal Open Market Committee's interest rate hike, Bitcoin has continued its fall and is now trading just under $17,000, with an overall decline of 2.88% over the past 24 hours. 

This slump has been attributed both to wider macroeconomic conditions as well as a run of unfavorable news that has shrouded the cryptocurrency industry these past few weeks.

In testimony before congress, Kevin O'Leary shared that FTX and its major rival, Binance, were at odds to the point of attempting to put each other out of business. As a result of this "war," FTX was finally shut down and Binance became an unregulated global monopoly, as stated by The Shark Tank investor.

Then, last night, Binance CEO Changpeng Zhao (CZ) was asked during CNBC's Squawk Box about the exchange's ability to return a $2.1 billion payment it received after exiting FTX's round of funding. CZ said that Binance is “financially OK” and shrugged off questions about BInance's ability to pay out $2.1 billion without directly answering it. This raised fresh concerns over the FTX clawback and led to speculation as to whether Binance may be able to return the money.

While the uncertainty surrounding Binance's future has caused some to jump ship on BNB and Binance, that doesn’t mean there aren’t other crypto investments worth making to diversify your investment portfolio. In fact, bear markets are the best time to buy into risk assets such as cryptocurrencies, as long as one makes sure to take proper precautions and invest in projects only with strong financial backing that will get them through to the next bull run.

Here are five of the best cryptos to buy today based on strong fundamentals and/or favorable technical analysis:

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