In the coming week, investors will see new data on inflation and the start of earnings season. They will also keep an eye on what the Federal Reserve might do with interest rates at their meeting in early May.
How might this change how you choose the best cryptocurrencies to buy right now?
The Consumer Price Index (CPI) and the Producer Price Index (PPI) from the Labor Department will be the center of attention next week. (PPI).
The Fed’s next move will likely be based on the inflation numbers, but Wall Street is split on whether interest rates will continue to go up.
The Federal Reserve will share the minutes from its March Federal Open Market Committee meeting and data about inflation on Wednesday.
These minutes can give you an idea of what the Fed’s overall strategy is and what its plans are for the future.
The cryptocurrency market, on the other hand, is still unclear. Bitcoin is still around $28,000, even though there are worries about a possible U.S. recession, and the International Monetary Fund predicts the slowest global economic growth in 20 years.
Kadan Stadelmann, Komodo’s Chief Technical Officer, said that Bitcoin’s price is going in different directions right now and that it may still be hit by bear market problems.
Due to fewer stablecoins on platforms, the liquidity of the crypto market may also be drying up.
At the moment, the total value of the world cryptocurrency market is $1.17 trillion, with Bitcoin and Ether making up 45.9% and 19%, respectively.
Stadelmann thinks that Bitcoin prices may quickly go over $30,000 next week, but he warns that a recession could hurt prices in the future.
Even though people might sell out of fear, he thinks Bitcoin will quickly recover because it is a good alternative to standard banking systems, which have been under a lot of scrutinies lately.
As investors try to make sense of inflation figures, earnings reports, and the actions of the Federal Reserve, the cryptocurrency market could offer opportunities for those who need to diversify their portfolios or protect themselves from traditional financial risks.
Based on fundamental and/or technical research, LHINU, LUNC, DLANCE, NEO, ECOTERRA, AAVE, SWDTKN, and TARO are some of the best cryptocurrencies to buy right now.
From Tamadoge to Love Hate Inu: A Meme Coin Legend’s Next Big Move
Love Hate Inu, a popular vote-to-earn meme coin, just revealed that Carl Dawkins, a well-known expert on meme coins, will be taking over as CEO.
Dawkins wants to repeat the success he had with Tamadoge, which went from being listed on an exchange to being worth ten times as much as it was listed for.
Love Hate Inu is already showing to be a good place to invest. In just over three weeks, $3 million has been raised.
This project will be a big player in the $3.2 billion survey business because it was made just for surveys and polls.
Love Hate Inu is different from other meme coins because it can be used in the real world. This makes it a good purchase for people who want something that will last for a long time.
Love Hate Inu could be the next big thing in the cryptocurrency world, thanks to the popularity of joke coins and the technological improvements of its products.
Right now, Stage 4 of the pre-sale for $LHINU costs $0.000105.
With a total of eight pre-sale stages, buyers must move quickly to get the best prices.
Terra Luna Classic (LUNC)
Most cryptocurrencies are trading near their yearly highs, but Terra LUNA Classic (LUNC) hasn’t moved much and isn’t showing any signs of a big comeback.
LUNC had a short period of high volatility today, jumping 7% in a few hours. However, this gain was quickly erased as the price of Bitcoin went through a correction.
LUNA Classic is currently worth $0.000124, which is down 0.44% so far today.
The LUNC network’s total value locked (TVL) continues to go down.
Activity on the network seems to be decreasing, and many projects and coders have moved to the Terra LUNA 2.0 blockchain, which came out soon after UST’s collapse.
Montenegro, and because of the charges against him in the U.S. and South Korea, he could get 140 years in prison.
Since more than a month ago, the price of LUNC has been stuck between $0.000116 and $0.000145.
The 20-day exponential moving average ($0.000126) is its closest point of support.
For LUNC to stop going down and start going up again, it needs to break above its high range of $0.000145.
If the price keeps going down from where it is now, it might find support at $0.000120.
The bad chart outlook is made worse by the long-term statement that Terra LUNA Classic’s price will go down because the project’s founder quit and was recently arrested. If the coin does get back on its feet, buyers might be able to make a quick trade, but they should be careful and set tight stop losses.
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