Best Crypto to Buy Now 10 July – Compound, Maker, Cosmos Hub
Crypto markets are mostly flat in a quiet start to the trading week.
Bitcoin (BTC) was last going sideways just to the north of the $30,000 level, while ether (ETH) was last going sideways just above $1,850.
Total cryptocurrency market cap was broadly unchanged on Monday around $1.18 trillion, as traders await key US inflation data on Wednesday that could impact expectations for Fed tightening in the coming quarters and thus trigger volatility.
For crypto investors keen to diversify their holdings away from blue-chip names like bitcoin and ether, here are some of the best coins to consider buying on Friday.
Compound (COMP), the token that powers the Compound Finance decentralized finance (DeFi) lending/borrowing protocol, has been pumping in recent weeks and last week hit its highest level since last August above $70 per token.
COMP has since dropped back under $60, but the uptrend remains strongly intact.
A break above resistance at $70 should open the door to a quick rally to resistance at $94 per token, which could represent quick 60% gains from current levels.
Wall Street Memes, one of the internet’s hottest retail investing communities, rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The success of the $WSM presale, which has raised more than $13.8 million in just over one month, isn’t surprising given the size of Wall Street Memes’ community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
All told, Wall Street Memes has a 1 million-strong
Read more on cryptonews.com
