Crypto to Buy Now? AGIX, AXS, AI, ECOTERRA, OKB, YPRED, HT Lead the Pack29. May 2023
• The cryptocurrency market has been slow recently, and Bitcoin and Ether are struggling to gain momentum.
• Inflation concerns have intensified as consumer prices rose higher than expected in April.
• AGIX, AXS, AI, ECOTERRA, OKB, YPRED, and HT are some of the best cryptos to buy now due to favorable technical analysis and/or strong fundamentals.
Crypto Market Slowdown
The cryptocurrency market has been slow recently, with Bitcoin plateauing this week and Ether ticking slightly higher but at risk of closing out the month lower than when it opened. Investor sentiment is fluctuating in response to uncertainty around the U.S. debt ceiling and rising inflationary pressures.
Markets are awaiting an agreement between President Biden and House Speaker McCarthy to raise the debt ceiling before the June 1 deadline.Inflation concerns have intensified following Friday’s Personal Consumption Expenditure report which showed consumer prices rose 0.4% in April – higher than forecasted – reducing the chances of a pause on interest rate hikes at its June 14 meeting according to CME Fedwatch tool odds dropping from 83% to 28.9%.
Best Cryptos To Buy Now
Despite overall market tensions certain cryptocurrencies stand out as opportunistic buys given their current technical analysis or strong fundamentals: AGIX, AXS, AI, ECOTERRA, OKB, YPRED & HT all show bullish sentiment amongst traders with AGIX exhibiting positive price action for two consecutive days after bouncing from the Fib 0.618 level at $0.26429 & retesting Fib 020236 level at $030229 following intraday high of $030372 currently trading at $029713 with 20-day exponential moving average (EMA) stands at $028151 suggesting potential support level if necessary.
SingularityNET (AGIX) is exhibiting bullish momentum in recent trading days seemingly heralding a positive outlook for investors as it moved upwards by an impressive 840% & maintained a green streak marking its second consecutive day of positive price action attempting to surpass Fib 0382 level at $028776 & is trading currently at $029713 .
With no deal yet announced between President Biden & House Speaker McCarthy regarding raising U S debt ceiling before June 1 deadline & inflationary pressures intensifying crypto markets remain uncertain however certain cryptos such as AGIX AXS AI ECOTERRA OKB YPRED & HT offer opportune moments for investment given their favourable technical analysis or strong foundations