List of recommended cryptocurrencies to buy now AGIX, AXS, AI, ECOTERRA, OKB, YPRED, and HT
The Article includes an image and captions about Bitcoin and Ether’s performance as the month of May comes to a close. Both cryptocurrencies are struggling to gain momentum and face the possibility of ending the month with losses. The slow movements in the cryptocurrency market have led to uncertainty among investors, with the U.S. debt ceiling and rising inflation being major concerns. Despite optimism that a deal will be made, no agreement has been announced yet. Inflation concerns were also intensified after the Personal Consumption Expenditure report showed higher-than-expected consumer prices in April. Certain cryptocurrencies, such as AGIX, AXS, AI, ECOTERRA, OKB, YPRED, and HT, are highlighted as opportunistic buys due to favorable technical analysis and/or strong fundamentals. The technical indicators for SingularityNET (AGIX) suggest significant bullish momentum, with traders being encouraged by the cryptocurrency’s positive price action. However, traders should be aware of potential resistance levels and closely monitor the price action for any potential breakout or reversal signals.
Axie Infinity (AXS)
Axie Infinity (AXS) is currently in the spotlight as traders monitor its attempt to break past the Fib 0.786 level, which is currently at $6.92. This is a significant point of resistance, in line with the horizontal resistance range of $6.91 to $7.04.
However, AXS has not yet managed to break out, and yesterday’s candle closed slightly below this resistance zone at $6.91. As of now, AXS is trading at $6.88.
Looking at the EMAs, a downward trend is becoming more apparent. The 20-day EMA is at $7.04, just above the resistance level.
More notably, the 50-day EMA at $7.54 and the 100-day EMA at $8.10 suggest a longer-term bearish sentiment in the market.
This indicates that AXS has been gradually trending downwards, and these EMA levels may serve as potential resistance points if the token begins an uptrend.
The RSI is hovering around 42.84, slightly lower than yesterday’s 43.26. This is below the median level of 50, indicating that the market may be slightly oversold.
While this could suggest a potential price recovery, it’s important to remember that prolonged periods of oversold conditions are possible, and therefore, this signal should be complemented by other indicators.
The MACD histogram is at 0.04, illustrating the ongoing struggle between bulls and bears, as neither side is significantly overpowering the other.
As AXS faces bearish market conditions, the horizontal support range of $6.49 to $6.64 represents a significant line of defense that the cryptocurrency must navigate.
If this support holds, traders may use this opportunity to accumulate and push for another attempt at breaking the resistance. If it fails, we could see AXS’ price descend further.
Despite the current bearish indicators, AXS’s position near the Fib 0.786 level represents a potentially pivotal point.
Traders should keep a close eye on whether the $6.91 to $7.04 resistance range is breached.
A convincing break could signal a bullish reversal, while repeated failures may further entrench the ongoing bearish sentiment.
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AiDoge.com: Riding the AI and Meme Coin Hype as One of the Best Cryptos to Buy Now
Following the successful conclusion of its presale, AiDoge.com is preparing to disrupt the cryptocurrency meme coin space with its blend of AI, Web3, and meme creation.
The project’s unique “Meme-to-Earn” model has captured the attention of cryptocurrency enthusiasts and investors alike, with the presale raising an impressive $14.9 million in just a month.
The presale may be over, but for AiDoge.com, the real work is just beginning as the project sets its sights on creating a vibrant community and achieving its goals.
The increasing popularity of meme coins may be behind the enthusiasm for AiDoge’s presale, as indicated by the success of early investors in Pepe coin ($PEPE) in April.
AiDoge’s emphasis on AI technologies is resonating with investors, particularly in light of the hype generated by the recent introduction of new AI products by major tech companies.
Experts predict a promising future for AiDoge, given its AI and meme coin aspects. Unlike most meme coins, the $AI token has real utility.
At the intersection of memes and AI, AiDoge will enable users to design memes with its advanced AI-backed meme generation platform.
Users will provide text prompts, which the AI processes to generate memes. The best memes can potentially earn $AI tokens, rewarding the best meme creators.
Entering exchanges at $0.0000336, the $AI token has a $33.6 million fully diluted market cap, based on its one billion total supply.
AIDoge.com’s roadmap and community-building efforts have the potential to propel the crypto project to new heights, with market capitalization numbers that could rival even the largest of meme coins.
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Ecoterra: Leading the Way in Recycling for a Sustainable Future and One of the Best Cryptocurrencies to Invest in Now
Ecoterra is committed to sustainability and making a positive ecological impact. The company has integrated major global brands, including Coca-Cola, Carlsberg, and Evian into its platform, enhancing its Recycle-to-Earn (R2E) system and further incentivizing recycling.
Ecoterra’s presale has been highly successful, with over $4.35 million in sales so far, as investors are eager to capitalize ahead of its next price increase. This underscores the growing recognition that green crypto projects can play a vital role in promoting a more sustainable future.
Ecoterra’s recent recognition at the Istanbul Blockchain Summit has propelled the start-up to new heights in the sustainability industry. The company will offer a carbon offset and recycled materials marketplace, as well as an Impact Trackable Profile feature that is expected to be popular among environmentally-conscious brands.
Ecoterra also plans to list its token across major crypto exchanges later this year, with its presale already halfway complete. With its Recycle-to-Earn (R2E) system, partnerships with major global brands, and unique features, the start-up is well-positioned for a bright future in the green crypto space.
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OKB has been following a symmetrical triangle pattern recently and is now facing a critical juncture according to the latest technical analysis. As its trading volume diminishes along with a price contraction, the market anticipates a decisive break, either from the lower or upper trendline of the triangle.
OKB currently trades at $46.56, which represents a slight increase of 0.65% so far today. Interestingly, it is trading within the resistance range of $46.29 to $47.23. This close proximity to the resistance zone, combined with its location within the aforementioned symmetrical triangle pattern, points towards a potentially significant price movement on the horizon.
The 20-day EMA and 50-day EMA, valued at $45.871 and $45.836 respectively, are remarkably similar and hover below the current price. This typically suggests a bullish sentiment in the short to mid-term. However, the 100-day EMA stands lower at $43.979, indicating that the longer-term trend may still be bearish.
The RSI, currently at 54.01, has increased from yesterday’s 52.25. This metric signifies a somewhat bullish sentiment, as it indicates a modest level of buying pressure in the market. However, being near the neutral 50 levels, it does not show an extreme bias towards either the buyers or sellers.
The MACD histogram, which was at 0.09 yesterday, has risen to 0.13 today, indicating a surge in bullish momentum.
Trading within the current resistance range is a precarious position that requires careful consideration. In a bearish scenario, if OKB breaks below the symmetrical triangle’s lower trendline and the support at the current swing low, it could see a significant price decline. This could potentially send OKB to the next support level of $34.74 to $35.89, which represents a roughly 20% drop from the current price.
On the flip side, if OKB manages to break out from the symmetrical triangle’s upper-trendline, OKB may potentially head for price discovery mode.
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yPredict: Bridging the Gap Between AI and Crypto with $YPRED Token
The AI-driven crypto price prediction platform, yPredict, has raised $1.77 million in its presale so far as it rides the wave of positive sentiment around AI-based projects. Leveraging AI to forecast crypto prices, yPredict is raising capital through its $YPRED presale to fund platform development.
The $YPRED presale has a hard cap of $6.5 million that could be reached soon due to the recent momentum. The interest of investors is growing, particularly as AI-based trading gains popularity.
According to yPredict, the platform will provide AI-generated trading signals, pattern recognition, sentiment analysis, and a marketplace for experts to sell their models and research.
yPredict intends to launch its complete Analytics, Repository, and Marketplace platform by the end of the year, with a beta version currently available.
The $YPRED token, which is issued on Polygon, powers yPredict’s platform. Users pay $YPRED subscription fees, 10% of which are distributed to token holders, incentivizing them to hold onto their tokens.
80% of the 100 million $YPRED supply is available for presale. This fair distribution and potential to acquire much of the supply early reduce the “rug pull” risk.
With the $YPRED presale currently ongoing, yPredict is offering investors the opportunity to invest in this project which has the potential to play a significant role in shaping the future of trading and analytics in the crypto industry.
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Huobi Token (HT)
Huobi has revealed its plan to introduce Huobi HK, an initiative set to offer cryptocurrency trading services to users in Hong Kong. This move comes with the intention to strengthen Hong Kong’s position as a universal center for Web3.
Users can expect seamless transactions with mainstream cryptocurrencies, including BTC and ETH, in addition to other significant currencies indexed independently once the platform is fully functional.
This service aligns with Huobi’s goal of providing an exceptional trading experience for Web3 users in Hong Kong.
Crypto-friendly policies have been progressively adopted by Hong Kong since last year, leading to the recent announcement of impending “crypto regulations.”
The Hong Kong Securities and Futures Commission (SFC) has indicated that comprehensive details on virtual asset trading regulations will be released starting June 1st.
This regulatory change suggests that retail investors might gain the ability to engage with digital assets on licensed platforms by the latter half of 2023.
After today’s announcement, Huobi Token is trading up 2.39% so far today at $3.1923.
Over the past three days, HT has been attempting to break out above $3.2086. Today’s price action suggests this attempt may finally be successful.
If HT closes above $3.2086, it could signal a new uptrend and open up a move toward the next resistance at the 50-day moving average of $3.306.
If HT fails to break out above $3.2086, the 20-day moving average at $3.0504, and the Fib 0.236 retracement at $3.0044 will act as immediate support levels.
These could stabilize HT’s price and allow it to consolidate before another breakout attempt.
Today’s announcement and attempted breakout suggest the price may rise further, but follow-through and a close above key resistance levels are needed to signal a trend reversal.
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