Cryptocurrency
Finest Crypto to Purchase Now September 19 – Stacks, Litecoin, VeChain
A gaggle of U.S. senators led by Senator Elizabeth Warren is pushing for stricter oversight of the cryptocurrency trade to fight illicit monetary actions.
9 further senators from each events have joined Warren’s name for laws that will impose laws on cryptocurrency transactions.
With Senator Warren’s cryptocurrency oversight proposal gaining momentum, what’s the greatest crypto to purchase now?
Warren welcomed the additional backing, expressing emotions of positivity and readiness inside Congress to confront the challenges posed by cryptocurrencies.
She emphasised that the bipartisan invoice is at the moment probably the most complete one addressing the misuse of cryptocurrencies and that it might supply regulators enhanced oversight mechanisms.
Endorsements have come from Senators Catherine Cortez Masto, Richard Blumenthal, Tina Smith, Bob Casey, Jeanne Shaheen, Michael Bennet, Gary Peters, Dick Durbin, and Unbiased Senator Angus King.
The chairs of the Senate Judiciary Committee and Senate Homeland Safety and Governmental Affairs Committee, Durbin and Peters respectively, are amongst these supporters, highlighting the attain of the assist into essential Senate committees.
A number of influential non-governmental organizations and trade teams have additionally lent their assist to the invoice.
The Nationwide District Attorneys Affiliation, the Main County Sheriffs of America, Transparency Worldwide U.S., International Monetary Integrity, the Nationwide Shopper Regulation Middle, and the Nationwide Shoppers League have all endorsed the proposal.
Highlighting a possible threat to tax income, Warren referred to a large “crypto tax hole.”
She warned {that a} delay in tax coverage renewal may lead the IRS and the U.S. Treasury to forgo roughly $1.5 billion in tax income for the fiscal 12 months 2024.
This concern highlights the urgency of the regulatory motion proposed within the laws.
Kicking off the week robust, Bitcoin holds firm at $27,326, up 2.08% so far today. It now seems to be to problem the Fib 0.618 stage of $27,473 and 100-day EMA of $27,484.
Following Bitcoin’s momentum, different altcoins like Stacks, Wall Avenue Memes, Litecoin, Bitcoin BSC, and VeChain are additionally climbing.
Due to their promising utility and bullish technical outlooks, they appear to be clever candidates for the very best crypto to purchase now.
Stacks (STX) Value Faces Resistance, however Bullish Momentum Would possibly Be Mounting
The STX value has not too long ago damaged above the 20-day EMA, a well-regarded signal of a possible upswing within the coming days.
Regardless of being in consolidation for the previous 33 days, Stacks (STX) has been buying and selling to the upside for the previous week, seeing an virtually 20% enhance to the upside.
This current uptick within the STX value might point out a reversal from the earlier bearish pattern to a bullish one.
The STX value is at the moment buying and selling at $0.0117, up by 2.43% up to now right now. This current constructive value motion seems to be supported by a major enhance in buying and selling quantity, up by 319.62% to $56.9 million, and a rise available in the market cap by 6.61% to $695.5 million.
Wanting on the technical indicators, the STX value has surpassed the 20-day EMA of $0.4721, which has now changed into quick assist.
This stage, coupled with the swing low assist of $0.4470 to $0.4536, is important to take care of the present uptrend. If the STX value manages to remain above these ranges, it might additional strengthen the bullish sentiment.
STX’s RSI at the moment stands at 54.30, up from yesterday’s 51.35, indicating that purchasing strain is rising. Moreover, the MACD histogram at 0.0067 from yesterday’s 0.0042 which provides extra weight to the bullish outlook.
Each these indicators counsel that the STX value might proceed to see upward momentum within the brief time period.
Nevertheless, the STX value faces a number of resistance ranges that lie forward. The primary vital resistance is on the 50-day EMA of $0.5056.
If the STX value can break and maintain above this stage, it might pave the way in which to problem the following resistance on the reverse Fib 0.236 stage of $0.5154.
We’re seeing potential indicators of a reversal within the STX value. Nevertheless, it is crucial to carefully monitor the highlighted assist and resistance ranges, together with the buying and selling quantity.
Whereas present technical indicators are leaning in direction of a bullish outlook, the STX value must uphold its momentum and breach the upcoming resistance ranges to corroborate this potential reversal.
Merchants are at all times suggested to think about market volatility and commerce with discretion.
Wall Avenue Memes ($WSM) Presale Enters Ultimate Week: Closing in Below 6 Days; Finest Crypto to Purchase Now?
The Wall Avenue Memes (WSM) cryptocurrency presale is getting into its closing week after elevating greater than $25 million, giving buyers restricted time to purchase what some are calling the very best crypto to purchase now earlier than the extremely anticipated preliminary trade providing (IEO).
With solely seven days remaining within the presale, hype is constructing round Wall Avenue Memes as buyers scramble to safe tokens forward of the itemizing.
WSM has separated itself from other meme coins because of its robust fundamentals and group roots.
Launched in 2019 as an extension of the widely-followed Wall Avenue Bets subreddit, Wall Avenue Memes had already captivated over 1,000,000 followers on quite a few social channels previous to its crypto debut.
After successful NFT launches in 2021, the crew debuted the WSM token in Could 2023 to an enormous fanfare. Crypto influencers like Joe Parys (380k subscribers) have praised WSM’s potential post-listing.
Elon Musk can also be a famous Wall Avenue Memes fan, ceaselessly partaking with their content material. Rumors even counsel Musk was behind a current million-dollar WSM spending spree.
Prior to now week alone, a number of purchases over 10 ETH (approx. $16k) have occurred as buyers scramble to get what some are calling the very best crypto to purchase now earlier than trade volatility begins.
Past memes, Wall Avenue Memes additionally provides staking rewards – a rarity amongst meme cash. Staking incentivizes holding, which may cut back promoting strain and increase costs.
Over 350 million tokens are at the moment staked, providing 57% APY. Whereas this share will lower because the pool grows, it ought to nonetheless outperform main staking cash like Ethereum and Solana (5-10% APY).
With a five-year unlock schedule, staking additionally provides Wall Avenue Memes longevity unusual amongst meme cash.
Moreover, WSM has a comparatively low provide of two billion tokens. Half have been allotted to the presale, 20% to trade liquidity, and 30% for group rewards like the continuing $50,000 airdrop.
Litecoin (LTC) Surges 17% For the Previous Week: Is a New Uptrend on the Horizon?
Litecoin has surged almost 17% over the past week, kindling hopes {that a} new uptrend is underway. LTC at the moment trades at $67.51, extending good points by 2.46% up to now right now.
Nevertheless, market individuals are cautious as LTC’s buying and selling quantity has been declining for the previous 24 hours regardless of the uptrend.
Delving deeper into Litecoin’s technical indicators, the LTC value has managed to remain above the 20-day EMA at $64.70, which now serves as quick assist. The present swing low assist zone of $57.74 to $58.83 additional bolsters this stage.
These assist ranges are of paramount significance to take care of the continuing uptrend, and any breach might threaten the doubtless mounting bullish state of affairs.
LTC’s RSI has risen from yesterday’s 50.73 to 54.54 right now, indicating a gradual enhance in shopping for strain. Concurrently, the MACD histogram has additionally seen a slight rise from yesterday’s 1.01 to 1.14. Each indicators counsel that the LTC value may proceed to expertise upward momentum within the quick time period.
Nevertheless, a major problem lies forward for the LTC value. A horizontal resistance zone spanning from $68.88 to $70.70 coincides with the 50-day EMA of $70.14 and the Fib 0.236 stage of $69.88. This confluence of resistance ranges might doubtlessly decelerate LTC’s advance.
In the meantime, the 24-hour buying and selling quantity has seen a 21.31% lower to $324 million, whereas the market cap has elevated by 2.28% to $4.9 billion.
This divergence between the LTC value motion and buying and selling quantity might be a trigger for concern, as value will increase on declining quantity usually point out weak shopping for strain and will doubtlessly sign an upcoming value reversal.
Whereas the LTC value has proven promising indicators of an upward pattern, merchants ought to train warning.
The declining quantity coupled with the upcoming resistance ranges might pose a major problem to the continuation of the bullish pattern.
Bitcoin BSC: Elevating Bitcoin’s Efficiency With Sooner Transactions, Decrease Charges, and Unmatched Effectivity
Bitcoin BSC, with its engaging presale value of simply $0.99, a excessive staking APY of 150%, and endorsements from outstanding influencers, is being hailed as one of many best cryptocurrencies to buy now.
The BTCBSC presale already boasts of a powerful efficiency, elevating over $3.2 million as far as it offered about half its complete token provide as buyers rush to achieve publicity.
BTCBSC seeks to copy Bitcoin’s meteoric progress by going again to 2011 costs and provide. With a most provide of 21 million, it mirrors Bitcoin’s complete circulation.
Crypto influencers have endorsed the mission, citing the potential for enormous progress. Earlier Bitcoin clone cash like BTC20 have additionally massively outperformed Bitcoin this 12 months.
One in every of Bitcoin BSC’s most tasty options is its on-chain staking system that gives 158% APY, considerably increased than different chains like Ethereum. Over 1.659 million tokens have already been staked within the presale, showcasing demand.
By using Binance Sensible Chain, BTCBSC gives sooner and cheaper transactions in comparison with Bitcoin. The BEP-20 token can also be supported on widespread wallets. An audit discovered its code to be freed from vulnerabilities.
With its spectacular presale efficiency and distinctive worth proposition, consultants imagine Bitcoin BSC might be the very best crypto to purchase now earlier than it doubtlessly moons after its presale.
VeChain (VET): Navigating Instant Resistance Ranges and Consolidation
After posting good points of greater than 25% from its current low of $0.01460 final week, the VET value has been on a slight retracement over the weekend, bottoming out on the Fib 0.5 stage of $0.01724.
Regardless of this retracement, VeChain (VET) has proven resilience, beginning the week off robust with two consecutive days of good points.
The VET value is at the moment buying and selling at $0.01771, up by 2.07% up to now right now because it makes an attempt to interrupt above the 100-day EMA of $0.01771.
Wanting nearer at VET’s technical indicators, the 20-day EMA is at $0.01663 and the 50-day EMA is at $0.01685, each of that are at the moment under the VET value, suggesting that these ranges might function assist within the occasion of a pullback.
The quick assist stage, nevertheless, is on the Fib 0.5 stage of $0.01724.
In the meantime, VET’s RSI has risen from yesterday’s 58.90 to 61.81, indicating a rise in shopping for strain and a possible continuation of the uptrend.
Concurrently, the MACD histogram stays regular at 0.00027, reinforcing the probability of the continuing upward momentum.
Nevertheless, one regarding think about VET’s current value motion is the lower in buying and selling quantity, down by 13.42% to $27.6 million, whereas the market cap has elevated by 1.97% to $1.2 billion.
This divergence between the VET value and buying and selling quantity might sign a possible consolidation section round present ranges earlier than the uptrend continues.
The quick resistance for the VET value is on the 100-day EMA of $0.01771 – a stage that it’s at the moment making an attempt to beat.
Breaking above this resistance with vital quantity might pave the way in which for additional good points. Nevertheless, failure to take action may see VET value consolidating or retracing to search out assist.
Whereas the VET value has proven promising indicators of an upward pattern, merchants ought to stay cautious as a result of lowering buying and selling quantity.
Breaking above the quick resistance on the 100-day EMA with substantial quantity could be a constructive sign for VET’s potential continuation of the uptrend.
Disclaimer: Crypto is a high-risk asset class. This text is offered for informational functions and doesn’t represent funding recommendation. You possibly can lose your entire capital.
