Best Crypto to Buy Now 9 May – Bitget Token, Lido DAO, Bitcoin Cash
The crypto market took a significant hit on Monday, with a net outflow of approximately $29.45 billion, shrinking the total crypto market cap to $1.111 trillion.
Ethereum and Bitcoin, the two leading cryptocurrencies, were not immune to this downturn, with their market caps falling to $222 billion and $535 billion, respectively.
Amidst the broader cryptocurrency market selloff, what are the best cryptos to buy now?
With the cryptocurrency market anticipating the release of April's CPI numbers later today, the top ten cryptocurrencies have remained relatively stable.
Litecoin takes the lead as the top performer with a gain of 3.30% so far today, while Polygon trails as the day's most significant decliner, recording a loss of 2.66% as of writing.
BTC’s market dominance (47%) has not been affected at all despite the coin declining by 0.55% in the last 24 hours. It’s trading at $27,657 as of this writing.
The bulls have defended Bitcoin from dropping below the $27,000 support level amid a surge in network fees. It now costs $30.91 to make a Bitcoin transaction, the highest since May 2021.
Ethereum has seen its price decline by 0.44% so far today, currently trading at $1,848. The day's peak trading price for Ethereum has been $1,866.
The bulls are keen to prevent ETH from going below the support at $1,800 to increase the chances of rallying back to $1,900.
While market participants anticipate the forthcoming CPI figures and despite the ongoing market pullback, certain cryptocurrencies continue to present themselves as viable considerations.
Cryptocurrencies such as AI, BGB, SPONGE, LDO, ECOTERRA, BCH, and YPRED are some of the best cryptos to buy now based on their fundamentals and/or favorable technical analysis.
Meme coin AiDoge's
Read more on cryptonews.com
