Best Crypto to Buy Now 14 March – CFX, LHINU, SNX, FGHT, OP, CCHG
Major cryptocurrencies have pulled back sharply from earlier intra-day highs, but the bullish trend of the last few days remains strongly intact, with the likes of Bitcoin breaching key resistance to the upside and opening the door to further gains in the coming days and weeks.
Specifically, Bitcoin breached key resistance in the low-$25,000s on Tuesday, rallying as high as the mid-$26,000s before pulling back to current levels in the mid-$24,000s. That means the door is now open to a retest of resistance in the $28,000 area.
US stock markets continue to struggle on concerns about the US banking system’s perceived fragility and amid expectations that the Fed will, despite this, keep adding to risks by pressing ahead with rate hikes, even if less hikes are now expected. That could be a headwind to crypto.
But narratives about crypto’s advantages over the existing fiat/banking financial system could keep the likes of Bitcoin supported as a sort of “safe haven”, much like how gold would be expected to perform well (investors moving into hard money).
Investors looking for alternatives to the major coins might want to consider a few of the altcoins listed below that have been, or are likely to do very well in the future.
While the cryptocurrency has pulled back aggressively from earlier session highs in the $0.33s per token, Conflux (CFX) continues to make impressive progress back toward’s last month’s highs in the $0.367 area.
At current levels near $0.29, CFX is up another 11% on Tuesday, taking its gains since last week’s bounce from the 50-Day Moving Average in the $0.1450 area to over 110%. Bulls will continue to target a near-term test of the February highs.
Love Hate Inu (LHINU) is a viral new dog-inspired meme coin that will
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