Best Crypto to Buy Now 10 April – STX, BGB, AGIX
The cryptocurrency market was mostly stable over the weekend, with Bitcoin maintaining its $28,000 price.
More volatility may be approaching as prices continue to move sideways and trading volume continues to drop.
Hence, those interested in investing in the cryptocurrency market should keep a careful eye on important events and significant indications that could have an impact on their decision about which cryptocurrencies to buy right now.
While the recent slowdown in employment and pay growth appears to be bad for the economy, some investors think the Federal Reserve may be more cautious about interest rate increases.
In light of this, interest rate modifications will likely be keenly watched in response to the announcement of the Consumer Price Index (CPI) on Wednesday.
We are also approaching earnings season, which is predicted to present a dismal image of corporate performance for the first quarter.
This will be the largest earnings decrease since the pandemic started in the second quarter of 2020, with a predicted decline of 6.6%.
There will be a lot of market volatility in the upcoming weeks as a result of these elements coming together.
Bitcoin may test $30,000 and Ethereum may test $2,000 if the crypto market holds steady and macroeconomic changes have a beneficial effect.
Today’s price moves for Bitcoin and Ethereum are up as of this writing. The price of Bitcoin is currently at $29,144, up 2.87% on the day, while the price of Ethereum is at $1,896, up 2%.
Purchases of LHINU, STX, DLANCE, BGB, ECOTERRA, AGIX, SWDTKN, and TARO may be considered by investors looking to benefit from prospective market strength.
Love Hate Inu: Earn Rewards and Share Your Opinions with LHINU Tokens
Love Hate Inu has attracted a lot of attention for its cryptocurrency rewards system that encourages users to take part in online polls organised by the community.
Love Hate Inu delivers real-world utility through its blockchain-based voting system, in contrast to well-known meme coins Doge and Shiba Inu.
Members of the Love Hate Inu platform can voice their thoughts on a range of social problems, including politics, pop culture, and environmental issues.
Love Hate Inu is a voting ecosystem powered by blockchain that enables people to voice their opinions without worrying about being treated unfairly. This fosters a positive environment for the exchange of ideas and perspectives.
Love Hate Inu benefits from the wide range of activities taking place in the non-fungible token (NFT), Metaverse, and decentralised finance (DeFi) industries because it is built on the Ethereum blockchain.
Users of Love Hate Inu have the chance to purchase project-specific NFTs and collectibles with metaverse branding by participating in sponsored meme pools.
By providing a different option for consumers to receive benefits for their involvement, this strategy has the potential to compete with the established online survey market.
Love Hate Inu’s platform promotes active engagement from community members thanks to its stake-to-earn and vote-to-earn features.
To participate in polls, you must stake LHINU tokens, providing a clean and anonymous voting procedure.
Voters receive ERC-20 tokens as rewards for using the site.
Love Hate Inu has been causing a stir on social media since its spectacular presale debut in early March. To date, it has raised more than $3.4 million in fundraising.
LHINU is one of the finest cryptocurrencies to buy right now since it has a limited supply of 10 billion tokens and a deflationary feature that sets it apart from other cryptocurrencies like Dogecoin and Shiba Inu.
Although there was little movement in the broader cryptocurrency market over the weekend, the price of Stacks (STX) rose by nearly 9%.
The 20-day EMA for STX is at $0.890, higher than the 50-day ($0.815) and 100-day ($0.668) EMAs.
Given that the price is trading above both the medium- and long-term moving averages, this suggests a bullish short-term trend.
The STX RSI is currently at 50.38, showing that neither overbought nor oversold conditions exist in the market.
This means that unless a distinct pattern is established, the price may continue to oscillate laterally.
With the previous day’s histogram at -0.237 and the present day’s histogram at -0.0173, STX’s MACD histogram also indicates a decline in negative momentum.
This suggests that the momentum of the bearish trend may be waning and maybe changing to a bullish trend.
According to CoinMarketCap, STX’s 24-hour trading volume is at $135,073,607, up 78.77%.
This considerable increase in trade volume raises the possibility that market interest and involvement may be rising, which would enhance price volatility.
STX is trading at $ right now.
8909, indicating a further 1.86% increase so far today following yesterday’s 8.75% move.
The 20-day EMA at $0.891 serves as the first point of resistance for STX, followed by $0.91, which coincides with fib 0.5, at $0.918.
The support level, on the other side, is at fib 0.382 at $0.824 and coincides with the 50-day EMA.
If this level is broken, there may be more downward pressure on the price.
A $100 million fund will be launched, according to cryptocurrency exchange Bitget, to help Web3 startups in Asia.
The decision by the Seychelles-based company comes as more cryptocurrency initiatives look for non-U.S. locations.
The fund targets Asian nations as they create a foundation for creating Web3, with East Asian countries making great advancements in promoting cryptocurrency.
Japan recently approved a white paper for Web3 development, while Hong Kong has been loosening its cryptocurrency laws.
“Despite the bear run, Bitget has consistently aided in the advancement of creative initiatives and the Web3 environment with a focus on BUIDL. Our ongoing efforts to promote the use of cryptocurrencies and Web3 are being continued with the establishment of Bitget Web3 Fund “Managing Director of Bitget Gracy Chen said.
A representative for Bitget stated that the fund is self-funded due to the exchange’s “steady development and rapidly expanding operations,” which had led to it being “debt-free with adequate cash flow.”
BitKeep is a decentralised multi-chain wallet in which Bitget has previously made a $30 million investment.
Investors might examine possible prospects in this sector by keeping an eye on the growing interest in Web3 in Asia.
The recent increase in Bitget’s price may have been influenced by a recent announcement.
The price of the cryptocurrency, which is now trading at $0.46, has increased 4.76% so far today after closing with a 5.85% gain yesterday.
The price of Bitget is getting closer to the record high of $0.5162.
Its immediate support is the dynamic support 20-day EMA, which is at $0.41.
Since retesting the Fib 0.786 level at $0.56 on March 18, SingularityNET’s AGIX has been developing a falling wedge pattern.
Prices are bouncing between the converging trendlines of the pattern, indicating that traders are aware of this technical setup and may act accordingly.
A falling wedge pattern often denotes the potential for a bullish price turnaround for an AGIX.
If the trend continues, AGIX is most likely to keep losing ground.
SingularityNET’s trading volume is at $98.5 million, up 63.96% over the previous 24 hours.
On the 4-hour time frame chart, the AGIX price appears to be forming a falling wedge formation.
The descending trend lines’ narrowing price action suggests that bullish momentum is increasing and bearish control is weakening.
AGIX is currently trading at $0.405 and is holding steady above the recently attained $0.39 support level.
The 4-hour candle’s modest tail indicates that buyers are defending this recovered support.
If the purchasing pressure persists, the coin’s price might rise by 3% and test the overhead trendline at $0.417, which coincides with the Fib 0.5 level.
An early change in trend direction could be indicated by a breakout from the pattern’s resistance.
If the 4-hour candle closes above the trendline, there may be an increase in buying pressure, giving traders the chance to enter long.
In terms of technical indicators, the RSI is getting close to the RSI 50 midline, indicating that market participants’ sentiment is neutral.
The 200-day ($0.252) and 100-day ($0.342) moving averages could offer support if the price declines.
AGIX has gained 0.65% so far today and is currently trading at $0.405 per share.
Support levels are at $0.39 and $0.37, while resistance levels are at $0.417 and $0.43.
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