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Federal Reserve Raises Rates Again: Best Cryptos to Buy Now

As expected, the Federal Reserve has increased interest rates again in response to the rising inflation rates in the United States. This move could have an impact on the cryptocurrency market, as investors may seek alternative assets to protect their investments. In this article, we explore the best cryptos to buy now based on a combination of fundamental and technical analysis.

The Federal Open Market Committee (FOMC) has maintained its trajectory of interest rate hikes, raising the federal funds rate by 25 basis points once again to a target range of 5% to 5.25%. This move was anticipated, but investors were keen to hear Chair Jerome Powell’s remarks during the post-meeting press conference. Powell refrained from announcing a rate hike pause, emphasizing the Fed’s readiness to curb inflation.

At the same time, the Federal Reserve is grappling with the fallout from a series of bank collapses, which have garnered significant attention. As the Fed addresses inflation and banking sector stability, observers will closely watch the central bank’s next steps. One possibility is that the banking crisis may continue to draw people to bitcoin and other cryptocurrencies.

Investors may be wise to diversify their investments. Based on a combination of fundamental and technical analysis, some of the best cryptos to buy now for investment portfolios may be AI, STX, LPX, OP, ECOTERRA, BCH, and SWDTKN.

One of the cryptocurrencies gaining popularity is AiDoge, which has distinguished itself with its unique attributes and meme coin appeal. AiDoge’s presale phase started on April 26th, with a structure consisting of 20 stages. Early investors enjoyed lower entry prices, and the project has attracted more than $1.2 million in funding since its inception.

AiDoge differentiates itself from other meme coins by offering real-world value through its AI-powered meme generator. The generator allows users without photo-editing skills to create trending memes in seconds, increasing the likelihood of their content going viral. The $Ai token, AiDoge’s native ERC-20 token, is essential to the project’s ecosystem. Users must utilize the token to purchase credits for meme creation, while token holders can also stake their $Ai to receive daily rewards, early access to new meme templates, platform enhancements, and voting rights.

As crypto trading volume continues to soar, AiDoge is well-positioned to capitalize on the current positive sentiment surrounding digital assets. Its tokenomics have captured investors’ interest, with a total supply of one trillion tokens, 50% of which are allocated for presale investors. The project’s smart contracts have undergone a thorough audit by CertiK, a leading blockchain security company, bolstering AiDoge’s credibility.

Other cryptocurrencies that investors may consider buying now include Stacks (STX), which has experienced a positive trajectory and is trading above both the 20-day and 50-day EMA. While trading volume for Stacks has been in a declining phase for several months, its price remains above the 200-day EMA, signalling that the long-term trend is still upward.

In conclusion, the Federal Reserve’s actions to address inflation rates and the banking crisis may influence investors’ decisions to diversify their investments. As such, investors may consider buying cryptocurrencies that offer unique attributes, such as AiDoge, or those that show positive trajectories, such as Stacks.

 

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.