Best Crypto to Buy Today 15 February – MEMAG, IMX, FGHT, GRT, CCHG, FET, METRO
Following a period of decline, Bitcoin's recent ascent above $22,000 has instilled new confidence in the cryptocurrency market, with its market capitalization once again reaching $1 trillion. With a potential market rebound, at least for some coins, what are the best cryptos to buy today?
As many have heard by now, the Securities and Exchange Commission (SEC) has targeted Paxos, accusing the company of selling unregistered securities by issuing dollar-backed Binance USD (BUSD) stablecoins. CZ, CEO of Binance, suggested that the cryptocurrency sector may be turning towards algorithmically-backed stablecoins as a result.
According to CZ, the cryptocurrency market may soon be populated by stablecoins potentially backed by other fiat currencies like euros and Japanese yen as well, given the stance of US regulators. Although these algorithmic versions have seen some issues in the past, he attributed part of their regulatory backlash to Terra Luna's failure in 2022.
Furthermore, Paxos Trust Co., which provides the cryptocurrency market's third-largest stablecoin, BUSD, has been directed by the New York State Department of Financial Services to discontinue BUSD issuance by February 21. While Paxos will no longer be affiliated with Binance, it will continue to support BUSD for the following year.
In light of recent regulatory difficulties and instability in cryptocurrency prices, investors may want to review their portfolios and explore new growth opportunities. Several altcoins, including MEMAG, CRV, FGHT, APT, CCHG, GMX, and METRO, have the potential for growth based on technical and fundamental analysis and are worth considering as some of the best cryptos to buy today.
As new Web3 games and platforms continue to launch, the
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