Best cryptocurrency to buy now Jul 12: Conflux, SingularityNET, Fetch.ai
Despite lower-than-expected US core and headline inflation numbers for June, which weighed heavily on the US dollar and US yields, while also boosting US equity markets As the Federal Reserve stepped up bets, crypto markets failed to recover.
Bitcoin (BTC) was last near $30,500 and ether (ETH) was last in the upper $1,800s.
Overall, the market capitalization was largely unchanged in the region of $1.19 trillion.
For crypto investors interested in diversifying their holdings away from blue-chip names like bitcoin and ether, here are some of the best coins to consider buying on Friday.
Conflux (CFX), the token that powers the high performance of Conflux, the Layer 1 blockchain powered by Tree-Graph, has risen close to 10% on Wednesday.
The token last traded just below $0.20 and bulls are expecting a pullback north of the 21-day and 200-day moving averages, both of which sit near $0.21.
A break above here could set CFX up for a retest of a downtrend from previous yearly highs.
Mr. Hankey Coin (HANKEY)
A new meme coin themed around Mr. Hankey from South Park, a clever and jolly piece of poop and the cartoon’s former Christmas deity, has gone viral on social media in the past two days ahead of the release of a new meme coin. stealthy presale that anyone can participate in on Thursday.
Mr Hankey Coin, who prides himself on promoting himself as the best bullshit coin in the cryptocurrency industry, already has over 5,600 followers on Twitterwhile the project Telegram quickly approaching 1,000.
Web3’s most popular new shitcoin is understood to be looking to raise a modest $500,000 through the sale of 40% of its 1 billion token supply, valuing the token at a very modest $1.25 million.
That leaves plenty of room for a potential bomb.
And Mr. Hankey Coin has a very good chance to pump for a number of reasons.
Firstly, the limited availability of the token in pre-sale means that pent-up demand and FOMO will remain on its DEX launch.
Second, the project pledged to lock 40% of the token supply in Decentralized Exchange (DEX) liquidity, ensuring smooth trading conditions and eliminating the possibility of a rug pull.
Finally, and most importantly, Mr Hankey Coin appears to be backed by a savvy marketing team, and rumors are already swirling that the teams behind $SPONGE and $PEPE might be involved.
Whoever the team is, they seem to be working hard to get the word out, with Mr Hankey Coin already appearing all over the crypto media on reputable news sites like Beincrypto and here at Cryptonews.com.
Follow Mr. Hankey Coin on Twitter and Telegram now to make sure you’re among the first to get notified when the pre-sale starts and when the coin launches on exchanges
The brown paper of Mr Hankey Coin can be seen here.
FET, the ERC-20 crypto token that powers Fetch.ai’s AI-powered platform for building, deploying, and connecting so-called “smart agents” to automate web3 processes, also saw a bit of a pump along with other AI coins like AGIX. .
If FET, which lasts around $0.215, can return north of its 21 and 50-day moving averages at $22.50, the stage is set for a short-term retest of support/resistance in the $0.25 area.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.