Top cryptocurrencies to buy now Terra Luna Classic, GMX, Fantom (as of June 13).

The inflation rate in the United States has slowed down and in May it was recorded at 4%, the lowest yearly figure since March 2021.

This drop in inflation may cause the U.S. Federal Reserve to avoid raising interest rates during its upcoming Wednesday conference, prompting market observers to closely monitor the situation.

Given the current economic situation, what are the best cryptocurrencies to buy now?

The monthly Consumer Price Index (CPI), a broad measure of inflation, only increased by 0.1%, falling short of the projected 0.3% increase, further fueling speculation about the interest rate hike hiatus. However, other indicators such as the PCE and core CPI suggest a potential rise in inflation by July.

Earlier this week, futures markets placed a 78% bet on the Fed leaving interest rates in the 5-5.25% range, given the jobless rate’s climb from 3.4% in April to 3.7% in May. This likelihood has since surged to 94% in light of the CPI’s unveiling.

Since March 2022, the Fed has raised interest rates ten times to stabilize prices after a period of near-zero rates and large-scale government bond purchases designed to spur the US economy.

With key indicators pointing towards an economic cooldown, many market watchers now anticipate that June will see a cessation of rate hikes.

However, it’s worth noting that the Fed’s favored inflation metric, the personal consumption expenditure index (PCE), hasn’t reacted to the uptick in rates as positively as its CPI counterpart.

In the previous quarter, PCE’s average growth was 4.3%, while wage growth was a mere 0.3%. In addition, the core CPI, which strips out volatile food and energy prices, rose by 0.4% for three consecutive months up until May.

This data suggests that the Fed may hold off on rate increases in June, potentially resuming the hikes in July. As Morning Consult economist John Lear advises, “Don’t get lost in the weeds of dropping headline inflation. The Fed might hit the brakes on rate increases this week, but it will need to return to hiking if it wants to keep inflation in check.”

On the cryptocurrency front, it’s intriguing to note that despite the Fed’s actions, Bitcoin continues to react to futures, although crucial information is still pending.

Following the release of the CPI statistics, the Dow Jones Industrial Average saw a 75-point increase.

Futures for the S&P 500 and Nasdaq were also in the green, climbing 0.3% and 0.6% respectively. Bitcoin experienced a brief surge from $26,300 to $26,200, albeit once again falling subsequently below the $26,000 mark as it trades at $25,847 down by 0.25% so far today.

Bitcoin has rallied nearly $10,000 since January 1, 2023, starting the year at $16,600. This upward trend has been partly driven by predictions of the Fed either maintaining or reducing interest rates.

The forthcoming Fed announcement regarding interest rates this Wednesday might act as a trigger, propelling assets to greater heights.

The bank’s year-end economic forecasts, also due for release this week, could prove pivotal in assessing investor faith in Bitcoin’s status as a reliable refuge.

The document is expected to adjust both unemployment and PCE projections for the year’s end to 4.5% and 3.6%, respectively.

This move could spark further activity in the cryptocurrency arena, as the market continues to grapple with the implications of an unpredictable economic landscape.

With the U.S. Federal Reserve possibly avoiding interest rate hikes, it may be a good time to invest in cryptocurrencies that have strong fundamentals and/or favorable technical analysis.

WSM, LUNC, ECOTERRA, GMX, YPRED, ATOM, and FTM are some of the best cryptos to buy now.

To the Meme and Back: Wall Street Memes Shoots for the Moon

Wall Street Memes hit a milestone, raising $6.6 million in under three weeks for its $WSM meme coin presale.

Crypto investors must act fast to get the next Pepecoin, Dogecoin or Shiba Inu meme coin early.

The presale for Wall Street Memes is currently in stage 13, with $WSM priced at $0.0286. At the end of the presale, $WSM will be priced at $0.0337, resulting in a 20% gain for current buyers. Unlike most presales, Wall Street Memes has a track record of digital asset launch sellouts. The $WSM presale surpassed Wall Street Bulls’ 10,000 NFT collection’s $2.5 million in 32 minutes. Wall Street Memes has a large following on Instagram, Twitter, and other platforms, and has drawn attention from high-profile individuals like Elon Musk and entrepreneur Gary Vee. The $WSM token will be listed on major exchanges like Binance, with decentralized exchanges listing it first. Wall Street Memes was born out of the GameStop saga of 2021, and is tokenizing the movement. 100% of $WSM is for the community, with 50% of presale funds going towards marketing, 30% towards community rewards, and 10% each for CEX and DEX liquidity. Analysts are optimistic about $WSM, and suggest buying now for the best discount.

In addition, Terra Luna Classic (LUNC) is scheduled to undergo a software upgrade to version 2.1.1. This upgrade is intended to enhance the competitiveness of Terra Classic in comparison to other blockchains. The development team behind Terra Classic has declared their readiness for this upgrade, which is considered to be the most substantial for the Terra Classic blockchain. LUNC staking has reached a new zenith of 1 trillion, with over 63 billion LUNC tokens incinerated. Terra Luna Classic is currently trading at $0.00009466, with a gain of 6.54% so far today.The text is about two different cryptocurrencies. The first part is about a new project called Ecoterra, which is a web3 Recycle-to-Earn (R2E) platform that incentivizes eco-friendly practices through blockchain technology. The project has already raised over $5 million in its presale for its native token, $ECOTERRA, and is preparing for the beta launch of its R2E application. Ecoterra aims to create an all-encompassing web3 ecosystem powered by $ECOTERRA to stimulate recycling, facilitate trading of recycled materials, and motivate offsetting of carbon footprints. The second part is about the cryptocurrency GMX (GMX), which is currently in a short-term bearish trend but shows potential for a bullish reversal based on technical indicators such as the RSI and MACD. Investors should closely monitor these indicators and Fibonacci retracement levels for possible price movements.

yPredict: Seeing the Future in the Best Crypto to Buy

yPredict is an app that uses AI to predict trading outcomes in the cryptocurrency market. It is gaining popularity in the crypto community as it provides an advantage in the volatile market, making it one of the best cryptocurrencies to buy now.

yPredict makes advanced prediction tools affordable, giving more people access to cutting-edge trading aids. The app’s ecosystem is powered by its native token, YPRED, which is used for all transactions within the yPredict Marketplace.

Token holders can gain access to advanced trading tools and make the most of the volatile crypto market. With a successful presale that has raised over $2.3 million, yPredict is already making waves. Investors are keen to acquire YPRED early at its current price of $0.09 before the official launch price of $0.12.

yPredict’s ecosystem offers several advanced features, including real-time data interpretation, advanced sentiment analysis, and technical analysis of selected tokens. YPRED holders also receive 10% of all yPredict subscriptions, offering a steady income stream and promoting long-term investment.

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Fantom (FTM)

When examining the EMAs, Fantom’s current price at $0.2606 is below the 20-day, 50-day, and 100-day EMAs, which are at $0.2983, $0.3456, and $0.3746, respectively. This suggests a bearish trend in the short to medium term. However, the RSI and the MACD histogram both indicate a potential reversal of the bearish trend. It’s important to monitor the immediate support level, defined by the range of $0.2133 to $0.2391, and traders should exercise caution.

For those holding FTM, it might be prudent to place stop losses just below the immediate support level to protect against significant downturns. Bullish investors might want to wait for a sustained break above the 20-day EMA before adding to their positions. It’s important to use multiple indicators before making any decisions.

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Ground Control to Major Profits: Launchpad XYZ Mission is a Go

Launchpad XYZ aims to connect new crypto users with web3 possibilities by educating them, simplifying investing in digital assets, and granting access to high-potential projects. The platform raised nearly $1 million to construct an all-in-one crypto gateway and seeks to serve various crypto assets like NFTs.

Launchpad XYZ is considered by analysts to be one of the best cryptocurrencies to buy now. It enables identification of the next 100x web3 asset and incorporates presale analysis for security, simplifying users’ crypto experience.

Launchpad XYZ will feature an ‘Alpha’ section that clarifies web3 factors impacting yield generation.

The $LPX token will support Launchpad XYZ’s model, offering benefits like fee and partner discounts and presale access for staking 10,000 or more tokens. This could reduce sell pressure when listed on major exchanges.

Launchpad XYZ’s main features will launch in the third quarter of 2023, potentially seeing major adoption and $LPX demand. Analysts are optimistic about the token’s potential, with a maximum supply of 1 billion and a fully diluted market cap of $70 million.

If $LPX achieves a $10 billion market cap by 2025, the token could gain significantly from its $0.0565 listing price.

With various services and an enticing web3 vision, Launchpad XYZ and its native $LPX token are boldly entering the crypto presale space.

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