The Iran-Israel war and Donald Trump’s signal that he may or may not engage in the act of striking Iran has, once again, put the market into disarray. The Bitcoin price dropped by 2.4% in the last 24 hours, and bulls are clinging to the $104.5K mark. Popular crypto analyst Crypto Tony has said that this level is important for Bitcoin to gain short-term strength.
Once again, the current market has shown the importance of keeping investments diversified, which is why finding the best crypto to buy now has become crucial.
Summary
Bitcoin Price Analysis – Has the BTC Price Stagnated?
Geopolitical tensions and the recent indecisive FOMC meeting have not allowed Bitcoin to fully embrace a growth trajectory. Sure, there are instances on the intraday charts where multiple consecutive green candles appear, but momentum breaks as profit-takers jump into the action.
The recent chart clearly shows that a symmetrical pattern has emerged. A classic consolidation pattern, which has been forming since May, indicates that a breakout is imminent.
Volumes are low, as the base of this triangle shows, suggesting that investors are waiting for a catalyst to make a move. There is an air of indecision around it. It can’t be said whether the market is bearish or bullish, as BTC hasn’t closed outside this pattern.
That said, if the BTC price were to break above the upper trendline with high volume, it could aim for the $112K to $115K range. However, if the apex crypto breaks below the lower trendline, it could retest $100K and even crash to the $96K level.
So, to put it simply: yes, Bitcoin is going through a short-term stagnation and is trading inside a compressed volatility range. This often happens before a volatile breakout ensues, but given the current market conditions, there aren’t clear signs of where the BTC price could go.
To survive this period of uncertainty, smart investors are diving into crypto ICOs, since they offer early bird opportunities.
Best Crypto to Buy Now – Smart Investors’ Picks to Gain an Upper Hand in This Volatile Economy
BTC Bull
When the high-cap market gets volatile, the low-cap market starts generating gains. That’s the idea behind picking BTC Bull as one of the top choices on this “best crypto to buy now” list.
It is a simple project with no long-term upsides. However, the imagery, the name, and the mechanics to leverage Bitcoin’s growth and move up in value have made it a desired pick for most investors.
Portrayed by a bull mascot, BTC Bull makes it clear that it aims to create a bullish community around Bitcoin, one that can take advantage of Bitcoin’s growth. The mechanics of the project—token burns and Bitcoin airdrops—are designed to leverage Bitcoin’s price action and help BTC Bull investors gain a big advantage.
A pure meme coin, BTC Bull has managed to raise upwards of $7 million in its presale round, and many analysts believe it could jump to greater highs as time goes on.
The presale is ending on June 30th, leaving investors with only a small window to get in and gain the short-term parabolic advantage.
Bitcoin Hyper
Bitcoin Hyper is a recently released ICO, and its way of tackling market volatility is to induce utility within the Bitcoin network. The developers of the project are working on creating an L2 chain for the primary Bitcoin network, and their goal is to enhance the traditional network so that smart contracts can be made on it, which will turn the BTC space into a breeding ground for NFTs, DeFi applications, gaming, and more.
While there have been similar projects in the past, all of which have made nearly the same claims, Bitcoin Hyper’s approach involves actual technical analysis. The whitepaper shows that the developers have the technical know-how to make it possible, which is why it has already raised over $1 million.
The news of a possible layer 2 for Bitcoin launching is good for the major cryptocurrency community. Analysts have already expressed excitement about the project’s potential.
Solaxy
Bitcoin’s volatile price movements have trickled down into the Solana ecosystem. However, thanks to its utility-centric ecosystem, SOL has managed to keep most of the bears at bay.
But the shortfalls of the system, stemming from scalability issues, may not be enough to keep Solana a top player a few years down the line.
Therefore, Solaxy has emerged as an L2 solution for the Solana blockchain. Listing within the next few days, this project has already proven to the community that it has the utility it promised.
A pump.fun competitor known as Igniter is in the works within the Solaxy ecosystem, and the testnet is already live. Furthermore, those who wish to bridge their Solana tokens to Solaxy can do so as well.
Over the course of the presale, Solaxy has managed to raise over $54 million. With the listing happening within the next 4 days, investors should act now, as whales have started to step in to gain the upper hand.
SUBBD
Speculation has been the primary driver of the cryptocurrency economy. Therefore, projects like SUBBD have evolved into better investment options for investors.
An AI-driven ecosystem, SUBBD offers users an AI agent platform on which they can create their own AI models, as well as engage with their favorite content creators in a collaborative fashion.
There are gamified tools available, consisting of XP multipliers, as well as features that let content creators manage content automatically.
Modeled after OnlyFans, SUBBD aims to break into an $85 billion industry using a Web3, user-centric ecosystem. It has already onboarded multiple models that collectively have a following exceeding 250 million.
Considering AI has gained increased relevance in the tech ecosystem, a project like this could be considered a good buy for long-term gain seekers.
Analysts have even said that the project could create potential millionaires across the globe.
Conclusion
While Bitcoin’s value has stagnated around the $104.5K mark, investors are scrambling to find alternatives. The best crypto to buy now, therefore, could be found among ICOs. Their viral potential and use cases could help give investors both short-term and long-term advantages.
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