Best Crypto to Buy Now 5 April – RPL, LDO, OP
The cryptocurrency market remains unshaken, displaying a steady upswing and a total market capitalization of $1.18 trillion despite the fluctuations in the stock market and growing concerns about the overall economic outlook.
Given this uncertain macroeconomic backdrop, what are the best cryptos to buy now?
MicroStrategy, led by Michael Saylor, has been making headlines for its aggressive Bitcoin acquisition strategy.
The latest acquisition of Bitcoin by the company involved the purchase of 1,045 BTC tokens for a total of $23.9 million, which occurred over the span of March 24 to April 4.
This purchase has brought the company's total holdings of BTC to 140,000, which is currently valued at around $4 billion. The average price paid for each Bitcoin in this purchase was $29,803.
The cryptocurrency market's recent rise suggests its growing acceptance as a viable asset class. Bitcoin's price has increased by about 69% year-to-date, recovering from a 64% decline in 2022.
However, the broader economic context may yet have a major influence the cryptocurrency market in the near term.
Growing concerns about a potential U.S. recession have emerged, with some economists warning that the Federal Reserve may have overtightened its monetary policy.
Henry Allen, Deutsche Bank strategist, said, "After a string of gains for risk assets over recent days, the last 24 hours have seen some steam come out of that rally, with investor nerves growing about the state of the economy once again."
Despite economic uncertainty, many investors remain optimistic about cryptocurrencies, however.
Some of the best cryptos to buy now based on fundamental and/or technical analysis include LHINU, RPL, DLANCE, LDO, ECOTERRA, OP, SWDTKN, and TARO.
As Dogecoin
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