After Federal Reserve Chairman Jerome Powell’s testimony to Congress on Tuesday, indicating the need for higher interest rates to tackle inflation, the cryptocurrency market suffered a decline, including Bitcoin, which is currently hovering around a three-week low at $22,000. Investors are worried that the Fed’s actions may erode the appeal of risk assets, including digital currencies like Bitcoin. Ethereum, the second-largest cryptocurrency, also suffered a decline, registering an intra-day low of $1,547 on Tuesday.
Given the current market uncertainty, investors are advised to exercise caution and consider both fundamental and technical analyses when choosing investment options. Some cryptocurrencies, including LHINU, CFX, FGHT, IMX, METRO, and CCHG, may be among the best crypto to buy today.
Love Hate Inu (LHINU), a utility meme coin, offering secure, reliable, and anonymous voting is gaining popularity on social media. The project aims to disrupt the online survey market by introducing the first blockchain-powered voting platform capable of recording immutable results via distributed ledger technology.
Conflux (CFX) is gaining prominence as a Layer-1 blockchain network for decentralized applications (dApps) that require versatile and high-demand services. The platform’s in-house digital asset, Conflux (CFX), is a multi-functional coin that facilitates staking and fee payments.
Fight Out is an innovative new platform that merges the realms of fitness and fantasy sports, allowing users to build virtual squads of fighters and wager on actual fight results.
Immutable X (IMX) cryptocurrency has been on a steady upward trend recently, gaining 3.52% as it bounced off the 20-day EMA yesterday and closing at $1.088.
Metropoly is disrupting the real estate industry by offering real estate NFTs representing real property that are attracting investors looking for accessible investment opportunities.
C+Charge has initiated a blockchain-driven platform that provides an eco-friendly solution to the growing need for more electric vehicle charging infrastructure, offering users the unique chance to earn carbon credits in the form of Goodness Native Tokens (GNT).