Red-hot gains from dYdX, THORChain, and Fetch.ai show seasoned cryptocurrencies still have room to run. But newcomers Bitcoin ETF Token and Bitcoin Minetrix are also joining the party, with their presales heating up while offering big potential at basement prices–making them some of the best cryptos to buy now.
Interesting advancements across decentralized finance and AI are driving price action on these tokens, making these projects worth watching.
Best Crypto to Buy Now in the News
The native token of the decentralized exchange, dYdX, DYDX, has seen a massive price surge of nearly 50% in the 48 hours leading up to November 15, 2023.
This has catapulted the token’s value to a peak of $4.364, a level it hasn’t attained since April 2022. This increase comes right before a large unlock event for the token.
On the technological front, dYdX has recently unveiled its layer 1 blockchain, developed on Cosmos technology.
This upgrade in the platform’s architecture works to enhance its capabilities and expand its transaction processing power.
THORChain’s token price has consistently surged over the past fifteen weeks, coinciding with a robust growth in users, as the network’s Total Value Locked (TVL) has recently crossed $300 million.
As of the latest data, the price of RUNE stands at $5.931 with a market capitalization of roughly $2 billion. The circulating supply is currently at 337.6 million out of a total supply of 483.905 million.
THORChain has achieved a volume of $3.67 billion so far in November, placing it as the third-largest decentralized exchange (DEX), just behind Uniswap and PancakeSwap.
Fetch.ai is seeing an impressive 475% surge in value year-to-date, believed to be due to growing interest in AI technology and blockchain-based AI projects.
Fetch.ai’s native token $FET is currently trading at $0.5212, with gains of 13.21% so far today. The token has shown resilience by bouncing back from lower trendline support around the Fib 0.5 level of $0.4703.
It is currently attempting to break above the Fib 0.382 level, suggesting the potential for further price increases going forward.
As the crypto market continues to evolve, new projects are launching that may potentially offer promising returns.
Bitcoin ETF Token and Bitcoin Minetrix are two such crypto presales that are drawing attention for their pioneering approach and potential impact on the cryptocurrency market.
With the gains achieved by dYdX and the advancements made by THORChain, Fetch.ai, Bitcoin ETF Token, and Bitcoin Minetrix, these cryptocurrencies rank among the best crypto to buy now.
DYDX Bulls Regain Control: Breakout on the Horizon?
DYDX seems to have found footing around the 20-day EMA of $3.052 and the Fib 0.618 level of $2.989 after retracing from its year-to-date high which was set on November 15.
The DYDX price is up a substantial 15.76% so far today as it attempts to break through the horizontal resistance zone around the Fib 0.382 level of $3.513.
This move higher has pushed the RSI up to 61.54 from yesterday’s 53.25, potentially bouncing from the RSI 50 level which indicates potential for further upside momentum.
The MACD histogram has also improved, rising to -0.020 from the previous day’s -0.032. This reduction in negative momentum adds to the bullish case for DYDX in the near term.
With the DYDX price now trading at $3.497, bulls will be looking for a decisive break above the resistance zone between $3.372 to $3.551, where the Fib 0.382 level of $3.513 also resides.
On the downside, initial support lies between $2.905 to $3.002, where the Fib 0.618 level of $2.989 and 20-day EMA of $3.052 converge. This area held as support on the recent pullback, and a break below here would negate the short-term bullish outlook.
The recovery in momentum indicators and move back above the 20-day EMA presents a bullish setup for DYDX in the near term.
A break above the key $3.50 resistance would confirm this and open the door for further gains, while a drop below $2.90 support would invalidate the upside potential.
RUNE Price Rebounds Strongly: Bullish Sentiment Returns
After posting impressive gains over the past few weeks, the RUNE price faced a pullback over the last 4 days, retracing to the Fib 0.382 support level of $4.853.
However, RUNE has rebounded strongly today, with prices up by a substantial 21.39% so far and currently trading at $5.931.
This bounce from the Fib 0.382 level signals that bullish sentiment may be returning to the RUNE market.
Evaluating the key technical indicators provides further insight into RUNE’s next potential moves. The 20-day EMA stands at $4.755, remaining above the 50-day EMA of $3.583. T
his bullish alignment of the shorter-term EMA above the longer-term one reflects the upside momentum seen in the RUNE price in recent weeks.
Sustaining the 20-day EMA above the 50-day EMA would keep the bulls in control.
The RSI jumped to 66.15 from yesterday’s 57.50. This surge towards overbought territory indicates the potential for further upside as buying pressure intensifies. A cross above 70 would confirm this bullish outlook.
The MACD histogram has improved to -0.011 from the previous day’s -0.023 bearish crossover. If RUNE sustains its recovery, this crossover could turn out to be a fakeout signaling a resumption of the uptrend.
With the RUNE price breaking out of the resistance zone between $5.029 and $5.253, as well as surpassing the Fib 0.236 level of $5.249, these levels could now provide support on any pullbacks.
To confirm the bullish trend, the RUNE price will need to overcome the next resistance between $5.860 and $6.159. A decisive break above this zone could set the stage for an extension towards the all-time highs.
Overall, the technical picture favors further gains in the RUNE price after holding the critical Fib support level.
Sustaining above the broken resistance and monitoring the key indicators can help traders capitalize on the emerging upside momentum.
Fetch.ai FET
After hitting a multi-month high of $0.5794 on Monday, the FET price pulled back 11.38% yesterday amidst a broader cryptocurrency market selloff.
However, Fetch.ai appears to be stabilizing above key support near $0.47, with the FET price up 13.21% today as bulls look to regain control.
What do the technical indicators suggest for the FET price outlook in the days ahead?
The 20-day EMA for the FET price currently stands at $0.4273, remaining above the 50-day EMA at $0.3546. With the faster EMA above the slower EMA, this bullish alignment signals positive momentum in the short term.
However, with the FET price pulling back from its recent peak, caution should still be exercised before considering new long positions based solely on the EMAs.
FET’s RSI is currently at 66.94, bouncing back from 60.40 yesterday. This uptick suggests oversold conditions are fading after the selloff, but not yet in extreme overbought territory. As such, the door remains open for additional upside.
At the same time, the MACD histogram sits at 0.0047, up from 0.0035 previously. The indicator remains positive and trending higher, underscoring improving bullish momentum heading into the back half of the week.
Currently trading around $0.5212, the FET price faces initial resistance at the horizontal zone spanning $0.4835 to $0.5022.
This area aligns closely with the Fib 0.382 level of $0.4962, adding to its technical significance. A break above could open the door for a retest of Monday’s peak.
On the downside, initial support appears around $0.4703 at the 0.5 Fib. This marks the current stabilization point and must hold to maintain the short-term uptrend. Below that, the 20-day EMA at $0.4273 marks the next key support area to watch.
Ultimately, while the FET price remains below resistance, its path of least resistance appears higher barring a breakdown below the $0.47 support zone.
The bullish EMA crossover coupled with rising RSI and MACD support this upbeat outlook. However, trading volumes need to pick back up to validate any continuation higher.
Alongside advancements by established players like dYdX, THORChain, and Fetch.ai, Bitcoin ETF Token and Bitcoin Minetrix presales present an opportunity to invest early in cryptocurrencies before valuations take off.
Searching for Promising Early-Stage Cryptocurrencies
With Bitcoin’s widespread growth over the past decade, investors are searching for promising cryptocurrencies that are still under the radar.
The goal is to invest early before valuation takes off with mainstream adoption.
One strategy is exploring new blockchain projects holding presale events for their native tokens.
Presales allow early purchase of tokens at discounted rates compared to eventual public listing prices.
Though risky, presales can provide first-mover exposure before cryptocurrencies gain traction.
Two ongoing crypto presale opportunities are Bitcoin ETF Token and Bitcoin Minetrix.
Both projects seek to advance blockchain technology and offer new utility.
The presale discounts on Bitcoin ETF Token and Bitcoin Minetrix tokens provide investors access to the cryptocurrencies at a fraction of their potential future prices.
These new assets could become intriguing alternatives to established currencies like Bitcoin.
Extensive due diligence is still critical, as many presale tokens never deliver.
Vetting for real-world use cases, strong teams, and differentiated technology helps uncover the most viable presale projects.
With Bitcoin ETF Decision on the Horizon, Bitcoin ETF Token’s $BTCETF Is One of the Best Crypto to Buy Now
Cryptocurrency advocates are on the edge of their seats as the SEC’s impending decision on a spot bitcoin ETF draws nearer, an approval potentially unleashing crypto into the mainstream.
As the SEC’s next deadline on January 10 creeps closer, speculation over spot bitcoin ETF approval reaches a fever pitch, threatening to make or break hopes that 2024 marks a landmark year.
The new crypto asset Bitcoin ETF Token ($BTCETF) launched a presale seeking to capitalize on the hype, quickly raising over $1.36 million as investors bet on the SEC greenlighting a Bitcoin ETF product.
Spotting the Path Ahead! 🔭
The #BitcoinETF #Token stands out, representing a proactive step toward future #Bitcoin ETFs.
Created on #Ethereum, $BTCETF anticipates and embraces this upcoming evolution, delivering unique advantages to its community. pic.twitter.com/BIX2CjRAKf
— BTCETF_Token (@BTCETF_Token) November 20, 2023
Stage 4 of the presale for the ERC-20 token ends in under 48 hours, after which the price per token increases from $0.0056 to $0.0058.
$BTCETF ties its value to real-world events related to a Bitcoin ETF through creative mechanisms designed to multiply gains.
For example, when trading volume hits $100 million, the transaction tax drops from 5% to 4%. If the first spot bitcoin ETF gains approval, the tax falls further to 3%.
The token also features a deflationary burn design where up to 25% of the total supply can be destroyed, applying upside price pressure.
$BTCETF seeks to offer exposure to the potential profits of a spot bitcoin ETF launch. Bloomberg analysts estimate a 90% chance of approval this year given previous rejections and growing crypto regulation.
As cryptocurrencies continue marching towards mainstream adoption, $BTCETF offers an exciting opportunity for investors to potentially profit from the approval of a Bitcoin ETF, which could accelerate crypto’s integration into traditional finance.
With its unique mechanisms and deflationary tokenomics, $BTCETF makes for a compelling speculative bet for those who foresee the SEC greenlighting a spot BTC ETF soon.
Visit Bitcoin ETF Token Now
Bitcoin Minetrix: The Best Crypto to Buy Now for Retail Investors Eyeing Mining Profits
Bitcoin mining has long seemed out of reach for most retail investors, but a new platform called Bitcoin Minetrix is set to change the game.
Through a cutting-edge cloud mining model, the project intends to make Bitcoin rewards accessible to everyday individuals, despite the high barriers to entry in the mining sector.
Presenting #BitcoinMinetrix, a cloud mining innovation enabling people to participate in #Decentralized $BTC mining effortlessly. 🌐
By removing risks associated with third-party cloud mining, users have complete command over their mining endeavors.#BitcoinMining pic.twitter.com/hyNKMr4rhl
— Bitcoinminetrix (@bitcoinminetrix) November 22, 2023
The presale for $BTCMTX tokens has generated substantial interest, raising over $4.26 million so far.
Investors are drawn to Bitcoin Minetrix’s stake-to-mine model, which will allow staking $BTCMTX tokens to earn additional tokens that can then be redeemed for Bitcoin cloud mining slots.
This provides a decentralized way for individuals to participate in mining while earning income potential.
It also supports the decentralization of the Bitcoin network, which has seen increasing centralization among large mining pools.
By making cloud mining accessible to the masses, Bitcoin Minetrix and its $BTCMTX token provide new avenues for crypto enthusiasts.
The project is well-positioned to capitalize on the current bullish sentiment around crypto, with Bitcoin back on the hunt to reach $40K.
For investors, $BTCMTX offers major upside potential from its current low presale price.
The community excitement is clear across social media as anticipation builds for one of the best crypto to buy now.
Visit Bitcoin Minetrix Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Read the full article here
