The best cryptocurrencies you should buy now, since the Bitcoin and Altcoin-Crash accelerates

The best cryptocurrencies you should buy now, since the Bitcoin and Altcoin-Crash accelerates


On June 18, Bitcoin and most cryptocurrencies were in the minus, since the crisis in the Middle East continued and the US Federal Reserve left the interest rates unchanged and the economic outlook worsened.

The Bitcoin price fell below $ 105,000, while most tokens such as polygon (pol), hyperliquid (hype), pendle (pendle) and Aave (AAVE) collapse by more than 5 %. As a result, the market capitalization of all cryptocurrencies fell to $ 3.22 trillion, while the 24-hour liquidations dropped to $ 222 million.

Best cryptocurrencies to buy the burglary now

The continued Bitcoin and Altcoin crash could be a good opportunity to buy the DIP. As Banklesstimes has already determined, the demand for Bitcoin continues to increase, while the supply of the stock exchanges has dropped to the lowest level in over eight years. Spot-Bitcoin ETFs have had strong tributaries in the past few weeks.

Another positive catalyst for Bitcoin and old coins is that the Federal Reserve has announced two interest rate cuts this year and four more in the next two years. Crypto prices develop well when the Fed lowers interest.

Some of the best cryptocurrencies for buying are aerodrome finance (aero), Aave (AAVE) and Bitcoin Pepe (BPEP).

Aerodrome Finance (AERO)

Aero from Aerodrome Finance is one of the best cryptocurrencies that you can buy because the Base Blockchain, the Coinbase Layer-2 network, has developed so well.

Data show, that the Base Blockchain has over 2.45 million active addresses and a total value (TVL) of over $ 5.15 billion and $ 4.16 billion in stable coins.

For many developers, Base is the blockchain of choice, and JPmorgan has selected the network for the upcoming StableCoin.

The daily transaction volume of Aerodrome Finance has risen and makes it the fourth largest Dex worldwide.

The Aero token has formed an ascending triangle pattern and moved over the sliding 50-day average, which indicates further price gains. If this happens, the next point that needs to be observed is the 50% retracement point at $ 1.3170, which is 64% above the current level.

Aero Kurschart | Source: Tradingview

Read more here: PEPE Course forecast: Rare pattern indicates a 56%price increase because whales buy

Aave (Aave)

AAVE is another top cryptocurrency that should be bought due to its large market share in the decentralized financial industry (Defi). With a total value of over $ 27 billion, Aave is the largest player in this sector. Aave survived the past black swans like the FTX crash and the Russia Ukraine War.

The day graphics show that the Aave course in April reached its low at $ 115.25 and then rose to $ 322.3 on June 11th. In the meantime, he has returned to $ 260 and is a few points above the 50%fibonacci retracement level.

Aave is still above the sliding 50-day average and is in the process of forming a higher low. Therefore, the token will probably increase again if the bulls target the psychological point at $ 400.

Aave Kurschart | Source: Tradingview

Bitcoin Pepe (BPEP)

Bitcoin Pepe is another top cryptocurrency that needs to be bought today after it has exceeded the financing brand of $ 15 million. This fundraising makes it one of the most successful previous sales this year.

The demand rose after the developers had announced that they would be listed on Bitmart and Uniswap, with another stock exchange presented on June 30th.

Bitcoin Pepe spread virally due to its strategy and attracted thousands of investors worldwide. The developers hope to change the meme coin industry by building a Layer 2 network for Bitcoin.

A layer 2 network is a network that accelerates the performance of a Layer 1 network, such as Bitcoin and Ethereum. While existing Layer 2 networks such as Base and Arbitrum focus on all areas such as RWA and Defi, Bitcoin Pepe focuses exclusively on the meme coin industry.

Analysts are optimistic that meme coins will continue to grow in the next decade. A current report estimates that meme coins have over 925 billion dollars by 2035 wert will be.

At the moment Solana will have the largest market share in the industry, and Bitcoin Pepe hopes to change that. The PEP-20 standard will help developers to launch meme coins with ease because it offers low transaction fees and immediate transactions.

Read more here: XRP Price forecast: The 3 most important reasons why Ripple will soon increase by 46%



Source link

Jayd Johnson

Leave a Reply

Your email address will not be published. Required fields are marked *