Bitcoin’s value has dipped under $28,000 due to factors such as the dwindling interest in the PEPE meme cryptocurrency, Binance issues, and Bitcoin congestion problems. This has led to concerns over the impact of high withdrawal volumes on the well-known exchange. Alongside this, Ether (ETH) has slipped below the $1,900 threshold. Despite the decline, Ether’s deflationary story has been reinforced following the Ethereum Shapella upgrade. Joe DiPasquale, CEO of BitBull Capital, a cryptocurrency fund manager, suggests that current economic conditions are favorable for the broader cryptocurrency market and recommends accumulating BTC and ETH during dips.
In other news, enthusiasm for PEPE has seemingly subsided, with its market cap dropping to around $800 million after surpassing $1 billion earlier. Meanwhile, some cryptocurrencies are still worth considering based on fundamentals and/or technical analysis. AI, RNDR, SPONGE, STX, ECOTERRA, SOL, and YPRED are some of the best cryptos to buy now.
Meme coin AiDoge has recently amassed a whopping $1 million in a single day. This rapid accumulation of funds suggests that AiDoge might be the next meme coin to gain traction. Unlike many of its meme coin counterparts, AiDoge’s token has a practical use within its ecosystem, enabling users to generate memes based on text prompts, which can then be shared and voted on by the community. The most popular memes earn their creators tokens.
Amidst the broader downtrend in the crypto market, Stacks (STX) is attempting to approach the Fib 0.382 level at $0.8251 after trading sideways for the past week. However, technical indicators reveal mixed signals, suggesting that investors should proceed with caution in the immediate future.
ecoterra is a blockchain-based green crypto that looks to encourage both individuals and corporations to take action against climate change. The platform will reward participants with its native token, $ECOTERRA, for their environmental efforts. ecoterra’s ecosystem will include an industrial marketplace and a supportive hub designed to aid people in their fight against climate change.
Solana (SOL) has broken down from the Fib 0.5 support level of $21.56, marking a 4.66% decline so far today. Looking at the immediate support and resistance levels, SOL has an immediate resistance at the Fib 0.5 level at $21.56. On the downside, the immediate support is at the Fib 0.382 level at $20.25.
yPredict, an innovative trading analytics platform powered by artificial intelligence, is gaining traction as its ongoing cryptocurrency presale has successfully raised $738,000 so far. The AI Ambassador Program offers numerous benefits to ambassadors, including admin privileges in the project’s telegram group, surprise token bonuses, and early access to products and insights. With its innovative AI tools and ‘free-forever’ freemium pricing model, yPredict is one of the best cryptos to buy now.
Source: Cryptonews
