The US yearly CPI came out recently, showing lower than expected inflation data, which led to the cryptocurrency market mildly recovering. As the Bitcoin price brushes past the $83K mark, people are now more hopeful and are looking for the best crypto to buy now.
Will the recent recovery continue and Bitcoin be able to move up further, or is the predicted $70K value on the way?
Market Recovery Due to Lower than Expected Inflation
The core Consumer Price Index (CPI) showed lower than expected inflation data. Unlike the expected 2.9%, the CPI came out to be 2.8%. This has positively dimmed concerns about the Fed Rate increasing any further, bolstering more support for cryptocurrencies.
This has resulted in a 2% recovery in the cryptocurrency market. While the fear and greed index is still 21, showing extreme fear, customers are hoping that the next best crypto to buy now could turn the tides.
Best Crypto to Buy Now
Listed below are the best crypto to buy now under the current tumultuous circumstances. Most of these are ICOs, giving users a chance at early gains.
BTC Bull
Bitcoin’s recent recovery in response to the CPI has further consolidated the bulls. However, the reality is not everyone will be able to gain from this sentiment. BTC Bull addresses it by creating a meme coin ecosystem directly addressing this issue.
This meme coin features a “bull” as a mascot, signifying the continued sentiment among true crypto believers in regards to Bitcoin. BTC Bull takes it one step further by tying its mechanics to Bitcoin’s growth.
Launched as a presale when Bitcoin crossed the $100K threshold, BTC Bull has devised milestones that will consist of burn events and airdrops every time the Bitcoin price surges by $25K. The first rise would begin a token burn event, and the second increase of $25K will create a Bitcoin airdrop event. These alternative events will happen until Bitcoin reaches $250K, at which point BTC Bull will organize a $BTCBULL airdrop.
By giving users a low-cap option, BTC Bull is attempting to give retail investors an advantage to gain from Bitcoin’s growth. And considering it is a low-cap crypto, the impact of the bull market on it could be more profound.
Prominent YouTuber NASS CRYPTO has called it Bitcoin’s best crypto presale, stating that it has the potential to soar upon launch during the bull run. With over $3.5 million raised so far, investors should start focusing on this project as soon as possible.
Best Wallet Token
With the hunt for the best crypto to buy now in full swing, investors need a suitable and secure solution to store these assets. Best Wallet Token is a new cryptocurrency powering the Best Wallet, a versatile cryptocurrency wallet with features beyond the standard swap/storage perks.
Best Wallet makes it possible for people to buy and sell crypto on fiat via its Onramper. Users can also find opportunities to earn passive income. Upcoming Tokens also become accessible here, essentially giving users access to top crypto ICO before their public launch.
Presenting a decentralized ecosystem powered by the BEST Token, Best Wallet evolves based on the community’s decision. Recent developments within the ecosystem include the addition of Bitcoin chains. And in the coming days, portfolio management and market insight modules will also be added.
The token will also give users access to reduced transaction fees and exclusive access to some of the best crypto presales. Best Wallet Token staking is also live for the duration of the ongoing presale for those who want to earn additional tokens.
Those wanting to gain more tokens can also leverage Best Wallet Token’s BEST Airdrop, consisting of tasks to complete and earn points. More points means more tokens will be airdropped to the players.
Meme Index
While the meme coin ecosystem has dipped in value, the interest in these cheap assets is still high among those who understand the value of asset diversification. Problem is, diving into multiple meme coins comes with an added headache of additional transaction fees and research.
Meme Index is a meme coin project addressing this issue by providing the world’s first decentralized Index. Featuring its own token known as MEMEX, Meme Index will be a community-run meme coin index giving the control of the act of index rebalancing to the community. It means that not only technical indicators, but sentimental analysis will also be the focus when adding/removing cryptos from the list.
Meme Index also takes an inclusive approach to meme coin indices, giving users 4 options to pick from. There is the Meme Titan Index populated with high-cap meme coins, and then there is Meme Moonshot Index, populated with meme coins vying for the top spot. Meme Midcap Index is full of volatile meme coins and Meme Frenzy Index is fit for the degen investors.
The mix of utility and memes has allowed Meme Index to gain a massive following on social media, leading to it raising close to $4 million at the time of writing.
This could easily become one of the best crypto to buy if the market sees the value in the ease at which it offers the perk of investment diversification.
Mind of Pepe
Mind of Pepe refers to itself as an “unholy combination of memes and AI.” Showing an image of a Pepe with a robotic body, Mind of Pepe does not go for comedic memes, but utility. Riding the wave of the AI agent narrative, Mind of Pepe offers multiple benefits thanks to real-time intelligence and hive-mind analysis.
Developed by Elvora Labs, Mind of Pepe shows a complete techmap of the facilities it will provide. The first one is holder-exclusive trading alpha, which is essentially a utility provided for those looking for early moving opportunities.
The second perk is deep market insights, that Mind of Pepe states it will provide through deep analysis of the fragmented data present in the cryptocurrency ecosystem.
The third use case mentioned on the official website revolves around Mind of Pepe’s ability to interact with decentralized applications. Users will be able to leverage a simple prompt to create and deploy their own tokens through the platform.
And finally, there is the AI Agent aspect. Described as a self-sovereign AI agent, Mind of Pepe will be able to interact with users on X and other social media platforms, sparking conversations around meme coins.
The AI Agent is currently in development and the Mind of Pepe presale has raised over $7.3 million already. Therefore, those interested can visit the website using the link below and participate.
Conclusion
The release of positive CPI data has given some relief to the cryptocurrency market. However, no one knows how long it will last, which makes it even more important to load up on the best crypto to buy now.
The options available here are ICOs, offering early moving opportunities for those looking for parabolic level of gains in the short-term. However, researching each of them is a must before investing.
