Bitcoin and Altcoins Surging Following CPI Report – 5 Best Crypto to Buy Now
The crypto market reacted with intense buying pressure as the U.S. Consumer Price Index (CPI) figures came in lower than expected at 3.4%.
The latest CPI data reflects that inflation is slowing and offers hope that the FED may cut interest rates later this year. This would bolster liquidity for risk-on assets, including cryptocurrencies.
As such, crypto prices have begun to recover today after a lengthy consolidation period. This could present a timely buying opportunity ahead of a bull market revival.
With that in mind, let’s look at five of the best cryptos to buy now.
Dogeverse
Based on our analysis, Dogeverse is the best crypto to buy now. It is a presale meme coin that brings something totally new to the market, decisively separating it from other projects.
Dogeverse is the first Doge-themed cryptocurrency to go multichain. It will launch on the six leading smart contract blockchains: Ethereum, Solana, Base, Polygon, BSC, and Avalanche.
This approach amplifies Dogeverse’s potential to attract liquidity and grow a community, and it also provides a tangible benefit for holders.
Holders can “bridge” their $DOGEVERSE tokens between these different chains, helping them take advantage of the industry’s best opportunities at that time.
For example, they could deposit their tokens in an Ethereum DeFi protocol or bridge them to Avalanche, depending on what offers better returns.
This new use case presents an exciting outlook and broadens Dogeverse’s utility potential.
However, the Dogeverse presale will end soon, so traders must act fast.
Visit Dogeverse
99Bitcoins Token
99Bitcoins token is the latest venture of the prestigious 99Bitcoins media outlet.
The token will power its novel Learn-to-Earn layer, which rewards users for expanding their crypto knowledge.
The 99Bitcoins token is currently available in its presale, which has raised $1.2 million so far. However, for those familiar with 99Bitcoins, the presale’s early success is no surprise.
The platform was established in 2013 and rivals heavyweight media outfits like CoinDesk and Cointelegraph.
In addition to its new site readership, 99Bitcoins boasts over 700K YouTube subscribers and 2.8 million email subscribers.
As such, it’s not hard to imagine the new Learn-to-Earn layer gaining widespread adoption and thereby skyrocketing demand for $99BTC.
Users require the 99Bitcoins token to access the Learn-to-Earn platform and to begin earning rewards. In addition, crypto trading signals, BRC20 tools and education, a VIP community group, and staking rewards await token holders.
The current 99Bitcoins presale price is $0.00105, but this will rise incrementally throughout the campaign.
Visit 99Bitcoins Token Presale
Sealana
While Dogeverse and 99Bitcoins both forge new narratives, Sealana piggybacks on the meteoric trend of Solana meme coin presales.
It is currently the most prominent ongoing Solana ICO, and the meteoric success of its predecessors like Book of Meme, Slothana, and Slerf, hints at an exciting future.
Sealana is inspired by South Park, and its website provides a witty backstory.
He is based on a foul-mouthed seal who resides in his mom’s basement, living off canned tuna and chips and striving to generate outrageous profits by trading meme coins.
This rags-to-riches mentality is prevalent across degen meme coin circles, so Sealana’s cultural resonance has likely bolstered its early success.
Its presale has raised $1.2 million so far. However, momentum is rapidly growing, with approximately 30% of its total raise coming in the last day.
The team has not announced a hard cap, meaning the Sealana presale could end anytime.
Visit Sealana Presale
Injective Protocol
Injective Protocol is a scalable layer 1 blockchain focused on DeFi and interoperability. The project witnessed resounding success in 2023 and early 2024 but has cooled off in recent months.
However, the market’s bullish outlook could present an opportunity for Injective Protocol’s bull rally to resume.
It is currently trading at $23.95, up 11% today, 2.3% this week, 5.6% this month, and 281% this year.
Currently, INJ has a $2.3 billion market cap and a $10.9 million 24-hour trading volume, which has jumped 49%.
The project offers DeFi-focused plug-and-play modules to assist developers in building cutting-edge financial applications. For instance, one of Injective Protocol’s breakthrough dApps is the world’s first on-chain derivatives order book exchange.
Meanwhile, its commitment to interoperability means that all Injective Protocol dApps can natively access sovereign layer one chain’s such as Ethereum, Cosmos, and Solana.
Render
Render is a decentralized GPU rendering platform with exposure to AI, VR, and gaming narratives.
The platform provides a marketplace to transact GPU power for computationally-intensive tasks like training AI models and rendering graphics.
Indeed, with OpenAI and Nvidia storming ahead in the AI sector, all eyes are on Render as their most formidable crypto counterpart.
RNDR is currently trading at $10.48, up 6.1% today, 0.7% this week, and 22.8% this month. It holds a $4 billion market cap and a $695 million 24-hour trading volume, up 72% today.
Render is currently one of the largest AI-related cryptocurrencies on the market. A seasoned team and market-leading partnerships are fueling its success.
For instance, its CEO, Jules Urbach, is the founder of OTOY, an award-winning GPU rendering company.
Meanwhile, the project boasts partnerships with Apple, Disney, and Cinema4D.