Best Crypto to Buy Today 8 March – LHINU, CFX, FGHT, IMX, METRO, CCHG
The cryptocurrency market, including Bitcoin, experienced a decline after Federal Reserve Chairman Jerome Powell's testimony to Congress on Tuesday, indicating the need for higher interest rates to tackle inflation amid the quick bounce back of the US economy from the pandemic.
As Bitcoin hovers around $22,000, marking a three-week low, what are the best cryptos to buy today?
Investors worry that the Fed's actions may erode the appeal of risk assets, including digital currencies like Bitcoin, which have had some bullish moments since the start of the year despite inflation and economic uncertainty.
Ethereum, the second-largest cryptocurrency, also suffered a decline, registering an intra-day low of $1,547 on Tuesday. It is currently trading at $1,559 with a decrease of 0.18% so far today.
According to Coinmarketcap's BTC/USD price analysis, BTC's price is currently being traded at $22,158, with a trading volume of $25 billion for the past 24 hours.
Powell's testimony and the resulting market uncertainty have caused investors to exercise caution, and the future direction of the crypto markets in the coming weeks and months is uncertain.
Given the current market uncertainty, investors are advised to exercise caution and consider both fundamental and technical analyses when choosing investment options. Based on these analyses, some cryptocurrencies, including LHINU, CFX, FGHT, IMX, METRO, and CCHG, may be among the best crypto to buy today.
Love Hate Inu (LHINU) has launched a new Vote-to-Earn platform, where users are rewarded in cryptocurrency for voting and staking tokens. The platform allows users to participate in voting polls on a variety of topics, including politics, entertainment, and social issues, and earn valuable
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