Bitcoin's price has dropped 1.8% to $23,171 in the past 24 hours as the cryptocurrency market awaits Wednesday's Federal Reserve interest rate decision--expected to be a catalyst for the next big market move. With this background, what are some of the best cryptos to buy today?
While most analysts anticipate an increase by 25 basis points, investors will pay special attention for any signs of accommodation from the Fed such as discussing pausing hikes this March or even cutting rates at some point later on in 2023.
Analysts expect Bitcoin to consolidate leading up to the FOMC decision and a negative outcome from the Fed meeting could result in a sizable correction. Other cryptocurrencies, including Ether, are also down today with smaller cryptos, such as Cardano and Polygon, showing greater weakness.
In the midst of a turbulent market, investors are actively searching for potential buys at bargain rates. Five cryptos that could be good cryptos to buy today based on technical and/or fundamental indicators are MEMAG, MINA, FGHT, MANA and CCHG.
Meta Masters Guild (MMG) is looking to bring a new community focused guild the Web3 gaming landscape with their innovative "Web3 Gaming Guild." The guild aims to bring gamers together through a decentralized community centered around an immersive metaverse world. With blockchain technology and its utilization of various mobile games across multiple genres, MMG hopes to create an engaging platform that not only provides entertainment but also connection between players while solving modern problems encountered in gaming.
In addition to a multi-genre library of interconnected games, MMG will also provide non-fungible tokens (NFTs) and cryptocurrency rewards for players. By offering MEMAG
Read more on cryptonews.com