Best Crypto to Buy Now September 18 – Chainlink, ApeCoin, Optimism
Following Bitcoin's lead, other cryptos like LINK, WSM, APE, BTCBSC, and OP are also on the rise. With their promising utility and favorable technical outlooks, they are strong candidates for the best crypto to buy now....
- Anticipation of a pause in interest rate hikes at the upcoming FOMC meeting has led to an increase in Bitcoin prices.
- Bitcoin rose over 3.4% to reach a September high above $27,400.
- Analysts believe Bitcoin's ability to hold crucial support makes it the best crypto to buy now.
- The latest CPI report showing slowing inflation has fueled expectations of a rate freeze.
- CME Group's interest rate probabilities also suggest a high chance of no hike.
- Tighter regulations and recent market turmoil continue to impact investor sentiment.
- Despite risks, Bitcoin's ability to defend the $26,000 support zone keeps trader optimism intact.
- Other cryptocurrencies like Chainlink, Wall Street Memes, Apecoin, Bitcoin BSC, and Optimism are also on the rise.
- Chainlink (LINK) is showing signs of bullish momentum, with key technical indicators supporting an uptrend.
- LINK's market cap has increased by 8.22%, and trading volume has surged by 271.02%.
- Resistance for LINK is found in the zone of $6.752 to $6.874, while immediate support is at $6.167 to $6.307.
The overall sentiment in the article is positive, with the anticipation of a pause in interest rate hikes boosting Bitcoin prices and creating optimism in the crypto market. However, risks and challenges such as tighter regulations and market turmoil are also acknowledged.