Best Crypto to Buy Now 26 May – AGIX, AXS, AI, ECOTERRA, OKB, YPRED, HT
As May comes to an end, Bitcoin and Ether are struggling to gain momentum and are at risk of closing out the month lower.
Bitcoin has plateaued this week and may post its first monthly loss of 2023. Ether has ticked slightly higher but could also end May down from its open.
Given the recent slow movements in the cryptocurrency market, what are the best cryptos to buy now?
Investor sentiment is fluctuating in response to uncertainty around the U.S. debt ceiling and rising inflation.
Markets are awaiting an agreement between President Biden and House Speaker McCarthy to raise the debt ceiling before the June 1 deadline.
However, as the Memorial Day weekend began, despite optimism that a deal will be made, no deal had yet been announced.
Inflation concerns also intensified following Friday’s Personal Consumption Expenditure report, which showed consumer prices rose 0.4% in April, higher than the 0.3% forecast.
The increase reduces the chances the Federal Reserve will pause interest rate hikes at its June 14 meeting.
According to the CME Fedwatch tool, the odds of rates holding at 5-5.25% dropped from 83% to 28.9% in a week. The odds of a 25 basis point increase jumped from 17% to 71.1%.
Even as inflation concerns weigh on the overall market, certain cryptocurrencies stand out as opportunistic buys.
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.
SingularityNET (AGIX) is exhibiting bullish momentum in recent trading days, seemingly heralding a positive outlook for investors.
After a notable recovery, bouncing from the Fib 0.618 level at $0.26429, AGIX moved upwards by an impressive 8.40% -- a trend suggesting bullish sentiment amongst
Read more on cryptonews.com
