Press Release Despite the US government adopting a stricter regulatory approach towards digital currencies, Thursday has seen a robust rebound in the cryptocurrency market. Investors are now on the lookout for the best crypto to buy today, as the market continues to display resilience amid regulatory hurdles.
Bitcoin has seen a surge of 9.5% so far today and is working to break through $25,000, while Ether is up by more than 8.55% at $1,714. The overall value of the cryptocurrency market rose by more than $84.8 billion in the past 24 hours, meanwhile.
Bitcoin’s price has now reached its highest level since mid-August 2022 when the crypto market experienced turmoil resulting in bankruptcies, failures of projects and companies, and the collapse of major exchange FTX.
According to Yuya Hasegawa, an analyst at Japanese crypto firm Bitcoin Bank, there is a shift from altcoins to Bitcoin in the wake of regulatory action. Hasegawa noted that “the current regulatory environment surely looks like a headwind for the crypto market, but it seems like some money is moving from altcoins to bitcoin since bitcoin is the only cryptocurrency that is labeled ‘commodity’ by the SEC chair. Consequently, bitcoin’s market dominance is on the rise.”
Bitcoin is closely correlated with equity markets, particularly the tech-heavy Nasdaq index. But while the Nasdaq is up approximately 15% year-to-date, Bitcoin has outperformed the index and is up 48% this year.
In light of recent regulatory challenges and fluctuations in cryptocurrency prices, it may be beneficial for investors to assess their portfolios and seek out new prospects for growth. To that end, it could be worth considering some of these best cryptos to buy today: MEMAG, RNDR, FGHT, OP, METRO, NEAR, and CCHG.
Meta Masters Guild Set to Be Key Player in Growing Web3 Gaming IndustryMeta Masters Guild (MMG) is looking to solve some challenges in the Web3 gaming world with its innovative gaming ideas and platform. As the gaming industry moves towards player empowerment and decentralization, MMG is set to become a major player in this booming industry.
MMG’s MEMAG token has generated significant interest among crypto investors, with the presale stages selling out repeatedly, and now in its last stage. The partnership with the prominent game studio Gamearound and the upcoming launch of Meta Kart Racers in Q3 2023 have contributed to the excitement surrounding MMG.
The integration of Non-Fungible Tokens (NFTs) into MMG games allows players to own various parts of the game they are playing, and the development of a native NFT marketplace creates opportunities for in-game asset trading. MEMAG serves as the MMG ecosystem’s currency, providing governance and staking features and serving as the primary means of transaction for MMG players.
Experts predict that the Web3 gaming market will reach $104.5 billion by 2028, and MMG is keen to seize this growth opportunity. The company prioritizes providing an engaging gaming experience over pay-to-progress models, indicating its commitment to delivering high-quality games.
With a well-defined roadmap and a lot of potential for capturing a sizable chunk of the market with its diverse games, » …
About Post Author
More Stories
Bitcoin on Verge of Breakout Towards $30K, But These Metrics Suggest Market Might Be Getting Too Hot
Sushi and its ‘head chef’ receive SEC subpoena
Cathie Wood explains why she's been loading up on this crypto stock