Best Crypto to Buy Now 3 April – SNX, ADA, STX
Bitcoin (BTC) is displaying resiliency by retaining its position close to the $28,000 level although the cryptocurrency market is now going through a period of uncertainty.
Despite market volatility, Bitcoin has stayed largely constant, trading around $27,860 as it is currently trading roughly even for the day.
How could the present market conditions affect the decision of which cryptocurrencies are the best to buy right now?
Even though there was some turbulence in the second half of March, Bitcoin nevertheless had a gain of almost 23% overall, repeatedly regaining the $28,000 mark despite the turbulence.
Investors are considering the potential impact on cryptocurrency prices as a result of recent events such as bank failures, inflation worries, and governmental moves aimed at the crypto business.
As Bitcoin continued to trade at levels reminiscent of those seen at the end of March, the weekend offered little insight into potential future moves.
LidoDAO (LDO) and dYdX (DYDX), two tokens with a focus on decentralisation, stood out as the best performers in the first quarter as U.S. regulatory agencies tightened their scrutiny of centralised cryptocurrency exchanges.
Ether (ETH) has likewise only seen minor swings; it is currently trading at $1,806, up around 1% from yesterday.
The Shanghai upgrade, which is slated on April 12 and will fully migrate Ethereum to a proof-of-stake (PoS) network and enable staked ETH withdrawals, is something that the Ethereum community is looking forward to.
As for the larger equity markets, the Nasdaq, S&P 500, and Dow Jones Industrial Average all saw gains at the end of the first quarter.
As investors wait for the release of fresh employment and productivity data from the U.S. Census Bureau and the U.S. Labor Department in the coming days to evaluate the status of the U.S. economy, markets remained largely unchanged today.
These are some of the best cryptocurrencies to buy right now based on technical and fundamental analysis in the current market climate, where many cryptocurrencies only enjoy marginal gains: SWDTKN, SNX, LHINU, ADA, DLANCE, STX, ECOTERRA.
Synthetix (SNX)
A mixed picture emerges from the technical examination of the SNX, with some important indicators pointing to a lack of discernible trend. The SNX is currently priced at $2.57, an increase of 1% over yesterday’s price.
As a result, there is an increase in trade volume, which is currently 6.437 million versus 4.287 million from the previous day.
It is important to keep in mind that the volume at this time is still less than the volume moving average of 8.313 million.
The exponential moving average is one of the most significant technical indicators to take into account.
The 50-day exponential moving average (EMA) is at $2.6004 and the 20-day EMA is at $2.5971 at this time.
These two EMAs are both higher than the price at hand, indicating that they are serving as immediate resistance levels.
The 20-day and 50-day EMAs being below the current price may suggest short-term bearishness.
Yet because it is below the current price at $2.4886, the 100-day EMA can serve as a possible support.
This longer-term moving average indicates a possible continuation of the bullish general trend.
The MACD histogram offers more information about the momentum of the SNX.
The MACD histogram’s current value is -0.008, which is less than the value of -0.0011 from the day before. This negative figure and the histogram’s decline point to bearish momentum.
Crossovers in the MACD histogram are frequently observed by traders as potential buy or sell signals. The negative histogram in this instance advises optimistic traders to exercise care.
In terms of critical price levels, the 20-day and 50-day EMAs around $2.5971 and $2.6004, respectively, offer immediate resistance.
The area between $2.723 and $2.797 will serve as the next resistance level if the price can go above these levels.
On the downside, the swing low area of $2.30 to $2.34 is followed by the 100-day EMA at $2.4886, which may act as support.
With this contradictory picture, traders would want to take a cautious tack. Waiting for a break above the immediate resistance levels or a collapse below the potential support levels before taking action is one possible tactic.
LHINU’s Presale Success: A Promising Start for the Vote-to-Earn Platform
The cryptocurrency market has had a significant increase in the first quarter of 2023, opening the door for the introduction of innovative and ground-breaking ventures.
Love Hate Inu (LHINU) is one of these endeavours that has attracted a lot of interest.
The project’s purpose is to leave a lasting imprint on the $3 billion survey market by deploying its novel Vote-to-Earn (V2E) platform.
The LHINU token presale started in March 2023, and since then, the project has successfully raised over $2.6 million in investment.
Love Hate Inu’s Vote-to-Earn (V2E) approach offers an innovative viewpoint to online voting in addition to its success in fundraising.
Users must stake a certain amount of LHINU tokens for a minimum of 30 days in order to be eligible to vote.
Those users who stake more tokens for longer periods of time have higher voting power.
The platform not only enables users to vote on a wide range of topics, from contentious issues to well-liked memes, but it also has a crucial component: a reward system.
Users receive LHINU tokens specifically for each vote, encouraging continued participation.
LHINU coins have a 100 billion total supply, of which 90% will be allocated equally across eight presale rounds.
With each succeeding presale period, the token price will rise.
LHINU tokens are presently available for purchase for $0.000095 each during the third round. By the eighth round, the cost has increased by 52.6% to $0.000145.
Cardano (ADA)
Cardano (ADA) has demonstrated amazing tenacity in the face of the market’s current difficulties, and its price is currently supported by encouraging signs.
The “Age of Voltaire,” the next phase of Cardano’s blockchain development, is just around the corner. Later this year, the Voltaire improvement is expected to be put into practise.
The price of the cryptocurrency is currently trading just above the 0.382 Fibonacci level, according to a technical analysis of ADA’s most recent swing high using a Fibonacci retracement.
When ADA posted an intraday low of $0.3708 earlier today, it retested the 0.50 Fibonacci level at $0.3731.
Bullish investors have been resisting selling pressure, as shown by ADA’s current trading price of $0.3892, which represents a 2.36% gain thus far today.
ADA is now under negative pressure near the $0.4 level and is coming up against a significant resistance level.
If the bulls are successful in overcoming this barrier, ADA may be in a good position to continue its advance towards the $0.5 mark.
The trading volume for ADA has significantly increased today, rising by 99.55% to a total of roughly $598,562,592 to add to the upbeat outlook.
Stacks (STX)
An examination of the technical indications of the cryptocurrency Stacks (STX), which has recently seen considerable price swings, might reveal important information about current market developments.
While the 50-day EMA is at $0.8041 and the 100-day EMA is at $0.64003, the 20-day Exponential Moving Average (EMA) is currently at $0.9314.
Given that the shorter-term EMAs are higher than the longer-term ones, these EMAs suggest that STX is in an uptrend over the longer period.
The Relative Strength Index (RSI) is at 45.93, indicating that neither overbought nor oversold conditions exist in the market.
This balanced reading suggests that further price moves, in either direction, are possible.
The RSI’s position below 50, however, would suggest a marginally bearish attitude.
A momentum indicator called the Moving Average Convergence Divergence (MACD) histogram is displaying a decline from -0.0347 the day before to -0.0357 today.
This suggests a bearish momentum and raises the probability that the price may drop more in the near future.
The Fibonacci 0.5 level at $0.9162 serves as the first point of resistance, and the EMA-20 at $0.9314 serves as further resistance, as seen by the price movement over the previous week.
On the other hand, potential support is located at $0.8229, which is the Fibonacci 0.382 level. If the price keeps falling, this level can be a key point for buyers.
Swords of Blood Is Cutting Through the Blockchain Gaming Landscape
The abundance of crypto game adverts that saturate social media sites like Twitter is proof of this phenomena.
Although the sheer volume of advertisements might be daunting, it highlights the market’s richness and competitiveness, which serves as a fertile environment for innovation.
However the majority of new blockchain games are of very poor quality.
Several lack the user interface and gameplay elements required to appeal to traditional gamers, who are still afraid to venture into this uncharted terrain.
Now comes Swords of Blood, a game with cutting-edge gameplay features that promises to revitalise the blockchain gaming industry.
Swords of Blood has developed a sizable community (41.8K Twitter followers) and attracted investor interest within a month of its launch, as shown by the quickly selling presale of its native token, $SWDTKN.
The first hack-and-slash role-playing game (RPG) with AAA quality that is free to play (F2P) and developed on a blockchain is called Swords of Blood.
It will start on the Polygon network to benefit from its energy-saving capabilities and speed.
Main campaign dungeons, monster hunts, boss fortresses, player-versus-player (PvP) combat, daily dungeons, time-limited events, challenge dungeons, and a unique week-long event called Shattered Mazed are just a few of the game’s many asynchronous modes.
