The crypto market requires investors to remain attentive to market activity to ensure they spot buy into assets on the verge of profitability early. This year, analysts have identified Arbitrum (ARB), DogWifHat (WIF), and a presale coin, Algtoech (ALGT), as the best cryptos to buy. Here’s why.
Arbitrum (ARB) has been one of the slow but consistent assets in the crypto market. Pushed down by the recent market downturn, Arbitrum (ARB) continues to display resilience in a renewed climb against market forces buoyed by investor optimism about its prospects.
While Arbitrum (ARB) may have remained in a downtrend for most of Q2, it turned tables in May when Arbitrum price surged from a low of $0.95 to $1.22, accompanied by a significant rise in traded volumes as buyers stocked up on Arbitrum (ARB) in anticipation of higher prices.
Arbitrum’s (ARB) rejuvenation comes amidst anticipation of Ethereum ETF approval and launch. As the top Ethereum layer-2 network, investors expect Arbitrum price to rise significantly with Ethereum’s (ETH) surge in demand and price if the ETF approval goes through.
Experts rank Arbitrum (ARB) as the best coin to invest today due to its recent price activity. Technical analysis shows a bullish sentiment as ARB trades above its 20 and 50-day moving averages. Moreover, experts predict that Arbitrum price may reach $2 by the end of the year if it maintains its current trajectory.
At only six months old in the crypto market, DogWifHat (WIF) has risen in the meme coin ranks to become one of the best altcoins for portfolio investors. With a 1,826% YTD price increase, DogWifHat’s (WIF) profit potential continues to attract investors.
In May, DogWifHat (WIF) overcame the recent market downturn when its price surged from $2.50 to $3.66. Moreover, DogWifHat (WIF) buyers increased their presence in the market, bolstering its traded volumes and bringing whales into the acquisition spree.
The rise in DogWifHat’s (WIF) demand indicates a bullish market sentiment. However, technical analysis shows DogWifHat (WIF) trading in a consolidation triangle on the verge of a breakout, making now the best time to buy. Price predictions show DogWifHat (WIF) may reach $5 by the end of the year.
Algotech (ALGT) is a new ICO token joining the crypto market to strengthen the DeFi sector with its new decentralized crypto trading platform. Algotech (ALGT) latches onto the budding algorithmic trading sector to easily offer advanced features. Moreover, Algotech (ALGT) introduces traders to the most profitable crypto pairs with high leverage and low volatility.
Furthermore, Algotech (ALGT) crosses over DeFi to connect with another category of growing assets: AI tokens. As an AI-powered platform, investors are keen to buy into Algotech (ALGT) early to reap the benefits of the nascent AI industry, whose impact and value in the world continue to rise.
Crypto enthusiasts are excited to own a piece of Algotech (ALGT) as it promises in its ongoing public presale. With the presale now in Stage 3, Algotech (ALGT) continues to see massive demand as investors flock to acquire it before the presale ends in Stage 4.
Furthermore, its 100% price uptick from $0.04 to $0.08 between Stage 1 and Stage 3 has attracted more investors looking to earn an 87.5% gain in the next profit cycle when its price reaches $0.15 at launch on exchanges.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.