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![best crypto to buy now, best crypto to buy today, best crypto](https://cimg.co/news/125425/331261/bcs22.jpg)
Binance is pushing again on a lawsuit filed in opposition to it by the Securities and Trade Fee (SEC) in its personal authorized submitting made on September 21.
Within the authorized submitting, Binance and its founder Changpeng Zhao allege the SEC has overstepped its authority and failed to supply regulatory readability for the crypto business earlier than taking motion in opposition to the corporate.
Contemplating these current developments with Binance, what’s the finest crypto to purchase now?
The 60-page petition accused the SEC of making an attempt to retroactively impose its management over the crypto market by distorting securities legal guidelines.
It acknowledged that the SEC is unlawfully searching for to increase its jurisdiction globally to transactions on overseas cryptocurrency platforms.
Binance Holdings and Zhao contend that the SEC lacks the authority to impose legal responsibility for crypto asset gross sales relationship again to July 2017, earlier than the company supplied public steering on digital property.
They argue the SEC has no professional energy over cryptocurrency exchanges and have requested for the claims to be dismissed solely.
The SEC filed go well with in opposition to Binance, its associates, and Zhao in June, alleging the illegal supply and sale of unregistered securities.
The criticism additionally claimed that billions in buyer funds have been comingled into an account managed by Zhao.
Since then, the SEC has elevated stress on Binance, citing a scarcity of transparency. A stipulation of a current deal prevented Zhao from accessing U.S. buyer funds.
The regulatory scrutiny has considerably decreased buying and selling exercise on the Binance U.S. exchange.
Volumes have dropped over 98% since September, and a 3rd of Binance.US workers have been laid off this month, together with its CEO.
The result of the dismissal movement stays unsure because the authorized battle between the SEC and Binance continues.
Each side await the court docket’s ruling on the complicated points surrounding cryptocurrency rules.
Following rejection on the 100-day EMA and a slide during the last two days, Bitcoin looks to have established a floor above the 20-day exponential moving average as it currently trades at $26,629, up by 0.22% so far today.
The whole cryptocurrency market capitalization can also be within the inexperienced, up 0.27% to $1.035 trillion.
Whereas Bitcoin reveals indicators of stabilization after current declines, different cryptocurrencies like Apecoin, Wall Avenue Memes, Stellar, Bitcoin BSC, and Litecoin are making their case as the very best crypto to purchase now because of their strong fundamentals and/or upbeat technical analyses.
ApeCoin (APE) Value Consolidates: Will Assist Maintain or Additional Drop?
![ape price, apecoin price chart](https://cimg.co/news/125425/331262/09-22-23-cn-ape-chart.jpg)
The APE worth continues its consolidation above the instant assist degree, exhibiting some stability after setting a brand new all-time low of $1.059 on September 17. ApeCoin (APE) has remained in oversold territory for the previous two weeks.
Regardless of this, there’s eager curiosity in whether or not the assist degree will keep and set off a possible bounce for the APE worth, or if an additional drop is on the horizon.
The APE worth’s technical indicators paint a complete image. The 20, 50, and 100-day EMAs of ApeCoin stand at $1.213, $1.448, and $1.854 respectively.
These figures point out a downward pattern within the medium to long run, suggesting that the APE worth has been beneath persistent promoting stress.
APE’s RSI has been beneath 30 for 2 weeks now, indicating that ApeCoin is oversold. Yesterday’s RSI of 24.47 has barely elevated to 26.44 in the present day. Traditionally, an RSI beneath 30 usually alerts a possible worth reversal, because it means that the asset is being undervalued.
The MACD histogram for APE is presently at 0.011, a slight enhance from yesterday’s 0.009. Whereas the MACD is in optimistic territory, indicating a barely bullish sentiment, this bullish sign ought to be seen with warning.
The MACD line just isn’t but firmly established in optimistic territory and will simply cross into destructive territory with additional downward worth motion. Different technical indicators are additionally portray a bearish image for APE.
A consolidation of the MACD line above zero and enchancment in different indicators could be wanted to provide stronger confidence in a possible bullish pattern reversal.
When it comes to quantity and market cap, ApeCoin’s market cap has elevated by 0.72% to $412.1 million, whereas the 24-hour buying and selling quantity has declined by 24.01% to $35.5 million.
This lower in buying and selling quantity may imply fewer merchants are prepared to promote at present costs, presumably indicating a slowdown in promoting stress.
The APE worth is presently at $1.118, up by 0.72% to date in the present day. Although it is dealing with instant resistance on the 20-day EMA of $1.213, a extra important resistance zone lies between $1.280 and $1.333, converging with the reverse Fib 0.236 degree of $1.311.
ApeCoin is presently testing assist within the $1.059 to $1.107 zone. This space represents a crucial technical degree, as a breakdown beneath may set off elevated promoting momentum.
If ApeCoin is unable to seek out shopping for curiosity on this zone, it dangers coming into worth discovery mode to the draw back with no clear assist ranges beneath.
On the flip aspect, if ApeCoin can maintain assist right here and stage a rebound, it will be a optimistic technical sign and will spark an upside worth reversal.
Bulls will wish to see sturdy shopping for quantity are available in to defend this space and stop a breakdown.
The power of ApeCoin to carry above $1.059-$1.107 within the classes forward will give essential clues as as to whether the current downtrend will proceed or if the bears could also be dropping management.
Meme Kombat: The Tokenized Enviornment Sport That Combines Memecoin Nostalgia and P2E Gaming
The most effective crypto to purchase now usually combines a number of fashionable ideas into one.
That is the case with the newly launched presale for Meme Kombat – a brand new meme coin that merges play-to-earn gaming, staking rewards, and meme coin nostalgia multi functional decentralized software.
Meme Kombat’s token presale for $MK rapidly grabbed the eye of key gamers within the crypto business, together with the big Crypto Whale Pumps group on Telegram.
Meme Kombat seeks to distinguish itself from other meme coins that spike and crash by constructing a tokenized gaming platform with long-term enchantment.
Gamers can battle characters modeled after fashionable meme cash and wager $MK tokens on match outcomes.
Past betting, customers can stake $MK to earn yields of as much as 112% APY paid in extra tokens. The extra a person engages on the platform, the upper their staking rewards. Of the 12 million $MK provide, 30% is allotted to staking payouts.
The mission is led by Matt Whiteman, Chief Operations Officer of NFT analytics platform North Applied sciences. The workforce plans to disclose itself totally over time and has handed a wise contract audit by Coinsult.
Meme Kombat’s roadmap consists of launching its full platform in This autumn 2022 after the presale concludes, then introducing leaderboards, new battles, and rewards over seasons 1 and a pair of in 2023.
With meme cash sustaining energy even amidst crypto winter, Meme Kombat gives a brand new twist by merging P2E gaming with meme coin nostalgia.
For those looking for the best crypto to buy now, Meme Kombat checks loads of bins.
Bearish Bias for Stellar (XLM) Value because it Breaks EMA Ranges
![xlm price, stellar price, xlm stellar price prediction](https://cimg.co/news/125425/331263/09-22-23-cn-stellar-chart.jpg)
Stellar (XLM) has been on a prevailing downward trajectory after dealing with rejection from the Fib 0.618 degree of $0.1342 on September 11.
The XLM worth has damaged down from key Exponential Moving Average (EMA) ranges and is presently buying and selling at a beforehand important assist zone.
This zone is in confluence with the Fib 0.786 degree of $0.1169, creating a possible pivot level for the XLM worth.
The XLM worth’s technical indicators present a deeper perception into the market situations.
The 20, 50, and 100-day EMA for Stellar stand at $0.1201, $0.1231, and $0.1198, respectively. The XLM worth is presently beneath these EMA ranges, indicating a bearish bias within the medium time period.
The RSI for the Stellar worth is presently at 38.54, barely up from yesterday’s 37.99. The RSI is presently within the impartial zone, although it’s leaning in the direction of the oversold territory.
An extra lower in RSI could point out elevated promoting stress, whereas a rebound may sign a possible restoration within the XLM worth.
The MACD histogram stays unchanged from yesterday at -0.0007. The MACD is presently in destructive territory, additionally signaling a prevailing bearish momentum.
Stellar’s market cap has elevated barely by 0.21% to $3.15 billion, whereas the 24-hour buying and selling quantity has considerably decreased by 52.40% to $49 million.
This lower in buying and selling quantity suggests a slowdown in promoting stress and will probably point out a consolidation section for the XLM worth.
The present XLM worth is $0.1141, exhibiting a slight uplift of 0.26% to date in the present day. The instant resistance for Stellar is the 100-day EMA of $0.1198, intently adopted by the 20-day EMA of $0.1201.
If the XLM worth can break above these ranges, it may probably set off a bullish reversal.
Stellar finds its instant assist on the horizontal zone of $0.1122 to $0.1168, which can also be in confluence with the Fib 0.786 degree of $0.1169.
If this assist degree fails to carry, the following potential assist lies within the vary of $0.1069 to $0.1089.
Whereas the XLM worth is presently exhibiting indicators of bearish momentum, the technical indicators counsel a possible for a bounce on the Fib 0.786 degree.
Merchants ought to intently monitor these ranges and indicators to anticipate the following potential transfer for Stellar’s worth.
Bitcoin BSC Presale Raises Over $4 Million; Greatest Crypto to Purchase Now
Because the cryptocurrency market stays in flux, Bitcoin BSC has carved out its personal narrative.
The presale for this new BNB Good Chain-linked cryptocurrency swelled to $4.44 million, inching nearer to its smooth cap of $6.063 million.
Bitcoin BSC seeks to deliver the strengths of Bitcoin, together with its model recognition and shortage, to the sooner and cheaper Binance Good Chain.
It makes use of a proof-of-stake mannequin that rewards token holders for staking their cash, reasonably than Bitcoin’s energy-intensive proof-of-work mining.
Crypto analysts have taken discover of Bitcoin BSC’s speedy presale success. The tempo has been described as “electrifying,” with over $300,000 added in simply 10 hours on September 20.
Buyers appear wanting to get in early earlier than the general public itemizing, hoping for important returns post-launch.
Past potential earnings, Bitcoin BSC’s staking rewards are additionally attracting long-term buyers. Token holders can earn annual yields as excessive as 117% by staking their cash.
The presale worth of $0.99 mirrors Bitcoin’s worth again in 2011, main some to invest whether or not Bitcoin BSC can emulate even a fraction of Bitcoin’s historic progress.
After all, as with all cryptocurrency funding, rewards include dangers. Nevertheless, Bitcoin BSC’s staking mannequin and strategic launch on the Binance Good Chain could present benefits over different cryptocurrencies.
Because the crypto market heads towards the 2024 halving and with optimistic forecasts for Bitcoin, analysts predict renewed mainstream curiosity in Bitcoin and associated cryptocurrencies like Bitcoin BSC.
Resistance Zone Forward: Can Litecoin Break By?
![litecoin, ltc, ltc price prediction](https://cimg.co/news/125425/331264/09-22-23-cn-ltc-chart.jpg)
Litecoin (LTC) has been in a interval of consolidation for the previous 35 days. The LTC worth is presently testing the 20-day EMA for assist.
An in depth beneath this degree may probably set off a retest of its vary low assist between $57.74 to $58.83.
The 20, 50, and 100-day EMAs for Litecoin presently stand at $64.39, $69.50, and $75.80, respectively.
The LTC worth is presently on the similar degree because the 20-day EMA, indicating a crucial level for the cryptocurrency.
If the LTC worth manages to carry above this dynamic assist zone, it may point out a potential bullish reversal. Nevertheless, a detailed beneath this degree may counsel a continuation of the downtrend.
LTC’s RSI is presently at 46.94, barely down from yesterday’s 47.68. This means that the promoting stress and shopping for stress are virtually balanced, and the LTC worth is in a state of consolidation.
The MACD histogram is presently at 0.77, down from yesterday’s 0.88. This means a lower in bullish momentum for the LTC worth.
Merchants ought to watch this indicator intently as a result of an additional decline may sign a rise in bearish momentum.
Presently, the LTC worth stands at $64.39, down by 0.46% to date in the present day. The LTC worth faces instant resistance within the horizontal zone of $68.88 to $70.70.
This resistance zone can also be in confluence with the Fib 0.236 degree of $69.88 and the 50-day EMA of $69.50.
A break above this resistance zone may point out bullish momentum for the LTC worth.
On the draw back, the instant assist for the LTC worth is the 20-day EMA at $64.39, the place it’s presently buying and selling.
If the LTC worth closes beneath this degree, it may probably retest the following assist zone of $57.74 to $58.83.
The LTC worth is at a pivotal level, and the end result of the 20-day EMA will doubtless play a task in figuring out the longer term path of the LTC worth.
Merchants ought to maintain a detailed eye on these ranges and the technical indicators to anticipate the following potential transfer for Litecoin.
Disclaimer: Crypto is a high-risk asset class. This text is offered for informational functions and doesn’t represent funding recommendation. You might lose your whole capital.
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