Best Crypto to Buy Now 19 June – Monero, Kava, Casper Network
Earlier today, the BTC dominance index reached 50%, a level not seen since the turbulence of May 2021 when China's ban on crypto mining and Tesla's environmental concerns caused Bitcoin to plummet.
TradingView's data suggests that Bitcoin's market dominance is set to reclaim its commanding position in the digital currency realm, surpassing the total market cap of all remaining cryptocurrencies.
With Bitcoin's dominance on the rise, what are the best cryptos to buy now?
June 2022 marked the latest instance when Bitcoin's dominance approached the halfway mark. This attempt was made as the cryptocurrency market crashed due to increasing US inflation, leading to significant intervention from the Federal Reserve.
Although Bitcoin experienced a substantial drop, other cryptocurrencies like Ethereum were hit harder, resulting in the ETH/BTC ratio dropping to a mere 0.05. This month, the ratio decreased from 0.07 on June 6 to 0.065 presently.
The past week saw a 3% rise in Bitcoin, driven by BlackRock's application for a Bitcoin Spot ETF, which has instilled optimism among investors about the potential for unique SEC approval.
In light of Bitcoin's increasing market dominance and price recovery, investors may want to consider diversifying their holdings by investing in other promising cryptocurrencies.
WSM, XMR, ECOTERRA, KAVA, YPRED, CSPR, and SWDTKN are some of the best cryptos to buy now due to their strong fundamentals and favorable technical analysis.
Wall Street Memes is a name that's been echoing throughout the crypto community, having drawn an impressive $8.5 million in its presale phase.
This fresh meme coin project is captivating investors with its potential and is one of the best cryptos to buy.
The creators of Wall Street
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