Best Crypto to Buy Now 11 July – Mina Protocol, Compound, Solana
Major cryptocurrencies are trading with a modestly positive bias on Tuesday, but are still mostly within recent ranges ahead of Wednesday’s key US inflation data.
Bitcoin (BTC) was last trading up around 1% in the last 24 hours in the $30,600 area, while ether (ETH) was last around $1,870.
Positive reporting in the crypto press regarding BlackRock’s spot bitcoin exchange-traded fund (ETF) application could be acting as a mild tailwind for sentiment.
Reports allege that BlackRock’s application goes beyond the surveillance of spot trading to also include an agreement to share exchange user data with regulators, should they so request it.
This could further boost the likelihood that the US Securities and Exchange Commission (SEC) approves the Wall Street giant's ETF application.
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 Tuesday.
MINA, the native token that powers the zk-SNARKs-powered Mina Protocol blockchain, continues to trend to the downside within the confines of a bearish trend channel that has been in play since February.
MINA/USD was last in the $0.45s, reversing back under its 21 and 50-Day Moving Averages after probing multi-week highs in the $0.52 area earlier in the session.
Whilst MINA’s technical outlook remains bearish, if the cryptocurrency is able to break out of its bearish trendline, it could see substantial medium-term gains, hence why it could be a good crypto to buy.
An innovative new web3 project called DeeLance is building a crypto and NFT-powered metaverse that, in an industry first, puts the jobs market on the blockchain.
The project, which is touted as one of 2023’s hottest crypto start-ups, is
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