Best Crypto to Buy Now August 14 – Hedera, Render, ApeCoin
Major cryptocurrencies are trading with a modestly positive bias on Monday, with the likes of Bitcoin (BTC) up close to 1% in the last 24 hours, and Ether (ETH) slightly in the green, with both still stuck within recent ranges.
Volatility levels remain stuck at historic lows, with Bitcoin just above $29,500 and Ether still close to $1,850, as markets await more clarity on themes such as US regulation and spot Bitcoin ETF approvals.
The macro landscape probably won’t provide much by way of catalysts this week, with Tuesday’s US Retail Sales data and Wednesday’s FOMC Minutes release unlikely to change narratives that the US economy remains robust and that the Fed’s aggressive tightening cycle is likely now down, with a few rate cuts coming next year.
Some altcoins are on the move, however.
Here are a few of the best to buy on Monday.
HBAR, the token that powers the decentralized, open-source, proof-of-stake Hedera public ledger, has been rallying on Monday, and was last up around 16% on the day.
HBAR’s push higher comes after the US Federal Reserve’s FedNow service added a micropayments platform called Dropp, which is built on the Hedera blockchain, as a service provider.
FedNow is the Fed’s new instant payment service for US depository institutions and its nod to Dropp is a good sign for crypto adoption, as well as a great sign for Hedera.
HBAR, last trading around $0.066, has broken to the north of an uptrend that has been in play since June and its 200DMA, opening the door to a potential retest of yearly highs in the $0.098 region.
RNDR, the cryptocurrency that powers the Render Network, a decentralized GPU-based AI rendering solution, was last up over 5% on Monday.
The token has continued to rebound after testing long-term
Read more on cryptonews.com
