The cryptocurrency market has seen a recovery of 2.5% in the past 24 hours, with Pepe (PEPE), dogwifhat (WIF), and Optimism (OP) being highlighted as some of the best cryptos to buy today. This rebound comes after a disappointing start to the week, partly due to concerns about the Federal Reserve potentially raising rates. However, the Fed decided to keep rates unchanged in its recent FOMC meeting and announced a reduction in the severity of its quantitative tightening program. This news has brought relief to the market, with the three mentioned cryptos performing better than others in response to the announcement.
Pepe (PEPE) has surged by 18% in the past 24 hours, reaching $0.057446. The meme token has gained popularity among whales as a way to generate profits, with a large quantity of PEPE withdrawn from Binance by a whale recently. With bullish indicators, PEPE could see further gains in the near future, potentially reaching $0.0000080 within a week and $0.000010 in a month. Dogwifhat (WIF) has jumped by 15% today to $2.76, showing signs of a potential bullish reversal. Its relative strength index (RSI) has risen to 70, indicating oversold conditions in the market. With increased volume and technical indicators turning positive, WIF may reach $3 in the next one or two weeks.
Optimism (OP) has recovered by 4.5% in the past 24 hours, reaching $2.72. With a 14% gain in a week and a 23% increase in a fortnight, OP is one of the best-performing major tokens. It’s showing signs of a medium-term growth cycle, with its 30-day average surpassing its 200-day average. The coin’s resistance and support levels are moving up, suggesting a steady rise in its price. As one of the leading layer-two Ethereum networks with close to $1 billion in total value locked, OP is expected to see more gains in the coming days and weeks, possibly returning to $3 soon.
In addition to these established coins, there are opportunities for investors in presale coins, which are native to new projects seeking investment from whale and retail investors. While investing in presales comes with risks, successful projects can result in significant returns for early investors. Analysts at Cryptonews have identified some of the best new presales in the market that have the potential for significant growth in the near future. By diversifying investments and considering presale opportunities, investors can take advantage of the evolving cryptocurrency market and potentially benefit from emerging trends and projects.
