The cryptocurrency market has kicked off the week with strong momentum. Bitcoin (BTC) continues to demonstrate resilience as one of the best cryptos to buy amid global economic shifts.
As we approach the end of July, the world’s leading digital asset has been trading in a range of around $67,000, currently priced at $66,942.
President Joe Biden’s surprise decision to forgo reelection has fueled speculation that a crypto-friendly candidate like Donald Trump may capitalize on the opportunity to capture the White House in the next election.
As of the latest update, Bitcoin has experienced a slight pullback, trading at $67,410, representing a marginal decrease of nearly 1%.
Technical analysis of the 4-hour chart reveals a critical pivot point at $66,660, with immediate resistance levels identified at $68,420, $69,250, and $70,090.
Bitcoin’s Relative Strength Index (RSI) stands at 55, suggesting a neutral market stance.Meanwhile, BTC’s 50-day Exponential Moving Average (EMA) at $66,250 indicates a buying trend for prices above the $66,000 threshold.
#Bitcoin
Did you know that $BTC has already retested it’s 2021 ATH for 5 months now?
That’s so bullish tbh.
The longer the better, because the stronger the support.
Much higher in 2024. Be ready fam. pic.twitter.com/vALWKcY1pr
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 (@el_crypto_prof) July 22, 2024
Bitcoin’s performance has also been influenced by movements in Asian stock markets, primarily China’s unexpected monetary policy adjustments.
The People’s Bank of China (PBOC) has implemented cuts to several key interest rates, including the seven-day reverse repo rate and the one-year and five-year loan prime rates (LPR).
While China and Europe have begun their rate-cut cycles, the United States has yet to follow suit. Market expectations point towards potential rate cuts beginning in September.
As we go deeper into our analysis, let’s examine three alternative cryptocurrencies that are gaining traction and capturing investor interest.
Celestia ($TIA)
Celestia was launched on the concept of modular blockchain architecture and positions itself as a critical data availability layer for rollups and layer 2 solutions.
Celestia utilizes a proof-of-stake (PoS) consensus mechanism, with its native $TIA token serving multiple functions, including gas payments, data availability fees, and staking.
A recent partnership with Mina Protocol led by Geometry Research and supported by o1Labs seeks to leverage Celestia’s capacity to bolster Mina’s zkApps in managing large-scale off-chain data.
At the time of writing, TIA is trading at $7.29, reflecting a 12.26% increase as the best crypto to buy over the past 24 hours. This is supported by a substantial trading volume of $3.7 billion within the same period.
$TIA Price Update
– Forming an inverse head and shoulder pattern
– $7.5 is the key resistance to break
A breakout above $7.5 will start the pump towards $10 and even a new ATH pic.twitter.com/6xTF01MEHq
— AMCrypto (@AMCryptoAlex) July 22, 2024
Despite its recent performance, $TIA is trading 65.1% below its all-time high (ATH) of $20.91, reached 5 months ago.
Celestia’s relative strength Indicator (RSI), moving from 59.69 to 66.87, indicates a shift from a neutral to a bullish stance.Investors should closely monitor $TIA’s price action and adoption metrics as the project develops and integrates with other blockchain ecosystems.
Helium ($HNT)
Helium represents a novel approach to decentralized wireless infrastructure, using blockchain technology to create a network of IoT devices.
The network utilizes nodes as “Hotspots” to connect wireless devices, with the native $HNT token incentivizing network participation and serving as a reward for data transfer across the network.
In September 2022, Helium announced a strategic 5-year partnership with T-Mobile to launch Helium Mobile, positioning itself as the world’s first decentralized 5G wireless crypto carrier.
This collaboration establishes Helium as a Mobile Virtual Network Operator (MVNO), allowing users to leverage Helium and T-Mobile’s 5G networks.
Surpassed 2TB of data from regular subs of major US carriers passed through just 23 @helium_mobile hotspots in our carrier offload beta..
Can’t wait to expand this beta…to production soon! pic.twitter.com/J6jsgcSRte
— Mario Di Dio (@didiomario) July 21, 2024
At press time, $HNT is trading at $4.96, showing a 6.36% increase over the past 24 hours.
The $HNT token still looks undone with its upward price movement, as it’s almost 100% away from its previous all-time high of $55.22
Its RSI of 71.16 supports $HNT’s bullish sentimentThese bullish elements, including decentralized wireless infrastructure and a partnership with a major telecom player, suggest Helium could be one of the best cryptos to buy now.
Dogwifhat ($WIF)
Dogwifhat is a meme coin on the Solana blockchain that has gained popularity due to its unique identity, which features a Shiba Inu puppy wearing a pink hat, and its ability to build a thriving community dedicated to its growth.
Despite its lack of inherent utility, $WIF has demonstrated remarkable performance as the best crypto to buy, outperforming established meme coins like Shiba Inu (SHIB) and Pepe Coin (PEPE).
On March 31, it peaked at a market capitalization of over $4.85 billion and experienced a staggering 153,196% price increase since its launch.
UPDATE: DOGWIFHAT $WIF FLIPPED $PEPE AFTER HITTING ITS ALL-TIME HIGH OF $4 AND SURPASSING $4B IN MARKETCAP
— BSCN Headlines (@BSCNheadlines) March 29, 2024
The project’s fixed maximum supply of 998.9 million tokens, similar to Bitcoin’s model, could potentially drive price appreciation if demand continues to grow.
At press time, the $WIF token is trading at $2.80, showing over 50% increase from its 7-day low of $1.65.
Despite the minor dip in June, the token maintains a strong community following, with over 500,000 holders.
god candle cooking $wif https://t.co/iK4lqvpFh5 pic.twitter.com/YA7zbYGm6g
— pepeXBT (@pepeXBT) July 22, 2024
The community’s enthusiasm was recently demonstrated when they quickly funded a campaign to project the Dogwifhat logo onto the Las Vegas Sphere, exceeding their funding goal within days.
While meme coins are known for their volatility, Dogwifhat’s explosive growth and engaged community make it one of the best cryptos to buy.
Crypto Presales Present the Best Alternatives
Investors are exploring crypto presales for new opportunities beyond established coins like Celestia, Helium, and Dogwifhat.
Presales allow investors to purchase tokens before being listed publicly on major exchanges.
Every week, new crypto projects launch presales, which gives investors a shot at finding the next big thing in crypto.
To invest wisely in presales, you need to examine the project’s plans, the team behind it, and how the token will be used. You should also check what other investors and experts are saying about the project.
CryptoNews market analysts have identified and curated a list of presale tokens with meaningful use cases and growth potential to assist investors in making informed decisions.
14 of the hot crypto presales to invest in Now
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