Best Crypto to Buy Now 14 June – Binance Coin, Injective, Fantom
The U.S. Federal Reserve's recent decision to maintain its key lending rate has surprised many, as it breaks the trend of rate hikes observed in the past year and a half.
This has left some wondering how long the pause will persist, given the persistent inflationary forces in the economy and the challenge of reining in inflation to the target level of 2%.
With the macroeconomic backdrop in a state of flux, investors may want to consider how this could impact the selection of the best cryptos to buy now.
Despite the pause, the Fed's benchmark interest rate now stands between 5% and 5.25%, the highest since 2007, while banks' rates on short-term loans are in a range last seen about sixteen years ago.
The Fed's willingness to elevate rates further if necessary indicates the challenges ahead.
The cryptocurrency market has been impacted by regulatory concerns, causing considerable turbulence and uncertainty for investors.
As a result, Bitcoin is currently trading at $25,076, reflecting a 3.32% loss so far today, while Ethereum is trading at $1,649 and experiencing a 5.16% loss.
In light of the Federal Reserve's decision, investors may want to consider buying cryptocurrencies with strong fundamentals and favorable technical analysis.
Some of the best cryptos to buy now include WSM, BNB, ECOTERRA, INJ, YPRED, FTM, and LPX.
Wall Street Memes has raised over $7 million so far in funding just three weeks into the presale of its $WSM meme coin.
The presale of $WSM tokens is currently in stage 14, with a price of $0.0289 per token.
Early participants have the opportunity for potential gains, as the token price will rise to $0.0337 at the end of the presale.
Wall Street Memes has a strong social media presence, with over a million engaged
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