Best Crypto to Buy Now July 18 – Render, Jupiter, Axie Infinity
The cryptocurrency market has witnessed pronounced volatility in recent days. Given that, we’d be examining best crypto to buy today.
As of July 18, Bitcoin is at a critical juncture, testing a key bull market trendline that it briefly lost in June for the first time in nearly a year.
Data from CryptoQuant reveals that Bitcoin’s price is retesting the short-term holder’s (STH) realized price. This metric is crucial, as it often forms long-term price support during bull markets.
The STH realized price represents the aggregate cost basis for investors who have held their Bitcoin for 155 days or less.
While Bitcoin’s movements dominate headlines, Ethereum (ETH) has been oscillating within a defined range of $2,850 to $4,094 for several months.
The cryptocurrency’s price action has become increasingly compressed, particularly following the initial surge triggered by ETF-related news.
$ETH Getting really compressed here after the initial move up due to the ETF news.
Sitting on top of the Daily 200MA/EMA. I suspect this will eventually break out surrounding the ETF launch.
My expectation is still a little more optimistic in terms of ETF flows than most. pic.twitter.com/iHwuUBKOhE
— Daan Crypto Trades (@DaanCrypto) July 17, 2024
Matt Hougan, Chief Investment Officer at Bitwise, has presented an optimistic outlook for Ethereum.
He suggests that while the initial ETF launch might see some volatility, potentially due to outflows from the Grayscale Ethereum Trust, the long-term trajectory appears promising.
Hougan anticipates new highs for ETH by year-end, possibly reaching the $5,000 mark.
Overall, let’s examine three alternate cryptocurrencies (altcoins) that are gaining traction and attracting investor interest.
Render is revolutionizing the
