Best Cryptocurrency to Buy Right Now – Injective, Chiliz, Render

Santiment, a cryptocurrency analytics platform, is warning Bitcoin (BTC) investors to be cautious because several on-chain metrics for the digital asset raise concerns.

Santiment recently stated in a blog post that the Bitcoin network is not experiencing the same exponential growth that it did during the 2021 bull market.

What impact might this recent news have on the selection of the best cryptos to buy right now?

According to the analysts, bull traps occur when prices rise rapidly without a corresponding increase in utility, which was observed in the first quarter of this year. Santiment examined the activity of unique Bitcoin addresses on the blockchain, noting that address growth in Bitcoin is not as pronounced as it was during the previous bull market.

“Since the beginning of 2023, active addresses have increased by +11%, while the price of BTC has increased by +65%,” the firm stated.

The analytics firm also evaluated Bitcoin’s circulation metric, which represents the number of coins traded on a daily basis.

The measurement now has a less favorable outlook than it did at the start of the year, when BTC was approaching a value of $16,000.

In addition, the number of unique tokens transacted daily has decreased by 6.4% since January 1st.

While Santiment acknowledges the possibility of a Bitcoin resurgence, it advises Bitcoin enthusiasts to keep an eye on on-chain metrics for signs of improvement.

Other key on-chain indicators, such as whale activity and MVRV (market-value-to-realized-value), were also mentioned by the firm as important factors to consider.

In related news, Standard Chartered has predicted that the price of Bitcoin will reach $100,000 by the end of 2024.

According to analyst Geoff Kendrick, this optimism stems from the failure of several U.S. banks, which has bolstered Bitcoin’s case as a decentralized and scarce digital asset.

For example, Kendrick believes the “crypto winter” is over and anticipates a bullish market cycle ahead.

The analyst also emphasized the positive impact of stablecoin outflows and monetary policy speculation on Bitcoin’s price trajectory.

Standard Chartered’s prediction is a significant departure from its December 2022 forecast, which predicted Bitcoin prices would fall to $5,000.

Bitcoin is currently trading at $28,322, up 3% in the last 24 hours, as of this writing.

The total market capitalization is $1.18 trillion, with more sideways movement expected this week.

Despite the challenges outlined by Santiment, the cryptocurrency landscape continues to provide promising opportunities for those looking to capitalize on the cryptocurrency space’s ongoing long-term growth.

Based on fundamentals and/or technical analysis, LHINU, INJ, DLANCE, CHZ, ECOTERRA, RNDR, and TARO are some of the best cryptos to buy right now.

The Meme Coin with Utility: A Look at Love Hate Inu’s Impressive Presale Performance

Love Hate Inu, a meme coin known for its unique vote-to-earn feature, recently reached a significant milestone by raising over $6.9 million in its ongoing presale.

$LHINU is currently in its seventh stage and costs $0.000135 per token.

What distinguishes this digital currency is its commitment to creating a user-friendly platform that emphasizes collective decision-making through voting.

The Management Dashboard of the platform will serve as a hub for conducting surveys using the platform’s earnings.

Love Hate Inu, which runs on the Ethereum blockchain, lays the groundwork for the development of decentralized applications.

Individuals can use the platform to link their digital wallets, participate in ongoing surveys, and propose new surveys for the collective to evaluate.

Those who own tokens and participate in surveys are eligible for incentives, and they can use their staked LHINU tokens to express their preferences in the voting process.

In addition to its presale, Love Hate Inu has launched a voting contest with a $10,000 prize at stake.

Entrants can participate in the contest for free by voting on whether they like or dislike Andrew Tate. The lucky winner of the prize will be chosen at random.

Love Hate Inu has openly revealed the identity of its Chief Executive Officer, Carl Dawkins, in an unusual move for a digital currency of this type.

Dawkins, a well-known figure in the digital currency world, previously served as Tamadoge’s Head of Growth (TAMA).

Dawkins’ effective guidance is acknowledged as a contributing factor to Love Hate Inu’s success.

The official release date of Love Hate Inu is set for the third quarter of 2023.

Collaborations with well-known brands are expected by the end of the year, and integration into virtual worlds is on the agenda for 2024 and the years to come.

Following the presale, the digital currency plans to launch an initial coin offering. Notably, there is no requirement for tokens acquired during the presale to be vested.

Injective (INJ)

Injectable (INJ) has recently experienced significant price fluctuations.

It reached a year-to-date high of $9.97 on April 17, a value not seen since February of the previous year.

However, there has been a downward trend over the last week, culminating in a bullish hammer candlestick yesterday, accompanied by high trading volume.

This could indicate a shift in market sentiment for INJ.

INJ is currently trading at $8.120, representing a 16.15% gain so far today.

The 20-day Exponential Moving Average (EMA) is $7.1567, the 50-day EMA is $5.8938, and the 100-day EMA is $4.7152.

Injective (INJ) has been trending upward over the short, medium, and long-term EMAs, indicating positive price momentum across multiple timeframes.

The RSI is currently at 61.58, indicating that momentum is moderately bullish.

The MACD provides additional context: the previous day’s MACD histogram was -0.188, while the current day’s value is -0.145, indicating a possible momentum shift.

Today’s trading volume is 8.153 million, up from 6.892 million the day before. The volume moving average is 6.403 million, indicating that trading activity has increased.

The Fibonacci 0.236 level of $8.474 provides immediate resistance.

In terms of potential support, INJ has previously found some stability at the Fibonacci 0.5 level of $6.807, which is a Fibonacci retracement level.

With the price currently trading above the Fibonacci 0.382 level at $7.552, a close above this level could serve as immediate support.

Unlocking Opportunities in the Gig Economy: $DLANCE, One of the Best Cryptos to Buy Now

The labor landscape is changing dramatically as independent work gains popularity among professionals seeking adaptability and self-direction.

According to recent research, a sizable majority of the workforce—more than 65%—wants to adopt permanent remote work arrangements.

The value of the gig economy is expected to exceed $450 billion by the end of the year, with the freelancing industry expected to reach $12 billion by 2028.

This progression provides an ideal opportunity for businesses to broaden their freelance talent pool and form collaborations within the freelancing sector.

DeeLance, a web3 platform for independent work and talent acquisition, is at the forefront of this emerging industry.

DeeLance is redefining the way independent workers interact with prospective clients by leveraging the capabilities of decentralized web3 technologies.

The platform’s three foundational elements—a marketplace for NFTs, a metaverse, and a talent acquisition platform—work together to provide a comprehensive set of tools that streamline the independent work process and provide participants with a frictionless experience.

The end result is a completely decentralized platform that grants participants unmediated authority over their professional endeavors in a transparent and secure environment.

Furthermore, DeeLance’s low fees and quick payments in digital currency improve the overall experience for participants.

DeeLance envisions a future in which web3-based independent work reveals limitless opportunities, fostering a secure and viable gig economy that overcomes current impediments and ensures thriving conditions for all.

The platform’s web3-focused token, $DLANCE, has successfully completed its initial presale phase, amassing over $473,000 and indicating significant interest from traders and financial enthusiasts. $DLANCE is currently regarded as one of the best cryptocurrencies to invest in right now.

Chiliz (CHZ)

Chiliz discovered a support zone ranging from $0.1184 to $0.1197 following the decline that occurred between April 19 and April 21.

Since then, the cryptocurrency has been moving in a zigzag pattern. Chiliz is currently benefiting from the overall cryptocurrency market recovery, with a 2.92% gain so far today.

Chiliz’s 20-day Exponential Moving Average (EMA) is $0.1272, the 50-day EMA is $0.1269, and the 100-day EMA is $0.1310.

The proximity of the 20-day and 50-day EMAs suggests a relatively stable short-term trend, whereas the slightly higher 100-day EMA could indicate a mild downturn in the longer-term trend.

CHZ’s Relative Strength Index (RSI) is currently 49.93, close to the neutral level of 50.

This indicates that market sentiment is neither strongly bullish nor strongly bearish at this time.

The previous day’s Moving Average Convergence Divergence (MACD) histogram was -0.0017, while the current day’s value is -0.0013.

This narrowing of the histogram suggests that the bearish momentum may be weakening.

In terms of trading volume, CoinMarketCap reports a 24-hour volume of $101,563,370, a significant 73.84% increase.

This surge in trading activity may have a significant impact on price action.

The current CHZ price is $0.1268, representing a 2.92% increase today.

The horizontal range of $0.1286 to $0.1297 provides immediate resistance.

Immediate potential support, on the other hand, can be found in the horizontal area between $0.1184 and $0.1197.

Chiliz’s technical indicators point to a fairly stable short-term trend with a slightly bearish longer-term outlook.

Market participants should monitor the RSI, MACD, and trading volume to determine the strength of the current trend and identify potential market opportunities.

From Play-to-Earn to Recycle-to-Earn: Ecoterra’s Innovative Framework for Sustainability

By leveraging blockchain technology and the rising popularity of the pioneering play-to-earn (P2E) approach, ecoterra advocates for the repurposing of discarded materials and advances the concept of a more eco-friendly tomorrow.

Using the ingenuity of the P2E strategy, ecoterra has developed a recycle-to-earn (R2E) strategy that allows participants to receive digital currency incentives for their recycling efforts.

The initiative’s intrinsic token, $ECOTERRA, is selling well during its presale, amassing over $2.4 million in a matter of weeks.

The digital currency, priced at $0.00625, ranks among the most economically accessible assets to use and achieve significant nominal gains upon its introduction to public trading platforms.

Individuals must participate in sanitation activities to earn more $ECOTERRA.

This participation enables them to collect and document necessary discarded items such as glass containers, metal receptacles, synthetic materials, and a variety of others using the platform’s sophisticated application.

Following that, participants will be directed to a recycling vending machine (RVM) where they can deposit the collected materials in exchange for $ECOTERRA tokens.

$ECOTERRA is one of the best cryptos to buy right now because it is destined to transform the subpar waste administration practices through its R2E approach.

Render Token (RNDR)

Since retesting the 20-day EMA dynamic support on April 21, Render Token (RNDR) has shown a notable price trajectory.

The cryptocurrency has successfully bounced off the 20-day EMA indicator over the last three days, maintaining positive momentum.

Following a 3.93% gain yesterday, Render’s bullish trend has continued with a 13.93% gain so far today, as it aims to break through the $2 psychological barrier.

The 20-day EMA is currently at $1.701, the 50-day EMA is at $1.525, and the 100-day EMA is at $1.343.

The consistent rise in these values over various timeframes indicates a bullish trend for RNDR.

The RSI is currently at 63.79, indicating that momentum is moderately bullish.

The MACD histogram shows a change in momentum, with the previous day’s value at -0.004 and the current day’s value at 0.008.

Trading volume increased to 23.344 million from 18.407 million the previous day, with a volume moving average of 18.514 million.

This increase in trading activity backs up the cryptocurrency’s recent price movement.

The current price of Render Token is $2.019, representing a 13.93% increase.

The year-to-date high of $2.196 provides immediate resistance.

In terms of potential support, at $1.697, the Fibonacci 0.618 level converges with the 20-day EMA, forming a critical support zone.

If the price can close above the Fibonacci 0.786 level at $1.914, it may serve as an immediate support level.

The recent price action and technical indicators for Render Token point to a sustained bullish trend. Traders should keep a close eye on these key levels and indicators in order to identify potential opportunities and forecast future price movements.

Join the Metaverse: Robotera Is One of the Best Cryptos to Buy Now

RobotEra invites users to create enthralling metaverse experiences and participate in the rapidly growing crypto-gaming industry.

RobotEra, which combines non-fungible tokens (NFTs) with advanced virtual and augmented reality, allows players to build environments, interact, and reap rewards.

The $TARO token governs the in-world economy, and its presale raised over $1.15 million, indicating strong interest from the crypto-gaming community.

The story takes place on Taro, a planet ravaged by conflict between its inhabitants and the first robots they built.

Participants are tasked with rebuilding Taro, beginning in Central City, the birthplace of new robots and the gateway to Taro’s realm, which is open to all newcomers.

Other locations include seven continents, both publicly and privately owned, each with its own set of characteristics and opportunities.

The RobotEra metaverse provides limitless opportunities for exploration and creativity.

Players can rule over territories, create robot allies, and participate in world construction. In this Sandbox-inspired building game, they can own land, build realms, and profit from the secondary economy.

The goal is to provide users with a multidimensional platform that combines entertainment, interaction, and creativity while remaining decentralized.

RobotEra’s creators envision a vibrant game and alternate universe that will make use of digital currencies and assets.

RobotEra is open to everyone, regardless of background, and offers income opportunities through gameplay, NFT sales, staking tokens, running advertisements, and more.

The Decentralized Autonomous Organization (DAO) fosters community and ownership by allowing players to propose and vote on the future of the planet.

The Ethereum-based utility coin $TARO powers the RobotEra ecosystem. $TARO’s presale has raised over $1.15 million so far, trading at $0.020 USDT.