The crypto market failed to respond positively to softer-than-expected US Core PCE inflation data, with Bitcoin and Ethereum both down around 4% in a 24-hour period. Despite positive macroeconomic indicators such as strong GDP data and continued growth in AI, institutional demand for major cryptocurrencies has not increased. Bitcoin ETFs are experiencing outflows, while Ethereum ETFs are also seeing a decline in volumes. As a result, investors looking for top-performing cryptocurrencies have turned to riskier alt-coins markets.
One of the top crypto performers today is the over-collateralized stablecoin protocol Kerosene (KEROSENE), which has seen a 17% increase in the past 24 hours. The protocol, known for its high yields, has experienced significant growth this week, although it remains a highly speculative and risky investment. Another standout performer is Zano (ZANO), a privacy-focused blockchain coin that is up around 17%. With a market cap of around $83 million, ZANO aims to address issues related to data exposure and privacy compromise in traditional blockchain tokens.
Furthermore, a small coin called DFI.money (YFII) has also seen an increase of 9% in the past 24 hours, but investors are cautioned to be wary of potential pump-and-dump activities related to the token. Given the high-risk nature of these alt-coins, investors are advised to exercise caution and thorough due diligence before making any investment decisions. Additionally, presales are presented as a better alternative to high-risk alt-coins, as they allow investors time to research projects thoroughly and often offer the opportunity to invest at a discounted price.
Presales typically run for a few weeks, providing investors with the chance to carefully evaluate a project before committing funds. By monitoring the presale market closely, analysts at Cryptonews.com have identified some top picks for investors to consider. It is emphasized that crypto is a high-risk asset class, and the information provided in the article is intended for informational purposes only and should not be construed as investment advice. Investors should be aware of the potential for substantial losses when investing in cryptocurrencies and conduct thorough research before making any investment decisions.
With a wealth of experience in cryptocurrency coverage, Cryptonews distinguishes itself as a trusted source for authoritative insights in the digital asset space. The platform’s team of seasoned journalists and analysts combine in-depth market knowledge with hands-on testing of blockchain technologies to deliver accurate and impartial reporting on both established cryptocurrencies and emerging projects. By upholding strict editorial standards, Cryptonews ensures factual accuracy and unbiased reporting, establishing itself as a reliable source for information in the dynamic world of digital assets.
