While the crypto market rally has stalled, there are signs that it will bounce back soon as investors have maintained their risk-on view, with the fear and greed index remaining at the greed zone of 62.
As we wrote earlier, there are chances that the crypto bull run has room to run, pointing to Bitcoin’s formation of a cup and handle pattern. It has also formed a bullish pennant, a popular continuation sign in technical analysis.
This article highlights the top three cryptocurrencies to buy and hold during this bullish cycle. The top ones in this list are ETHFI, Bitcoin Pepe (BPEP), and Monero (XMR).
Ether.fi (ETHFI)
ETHFI coin price has been in a strong rally in the past few weeks, making it one of the best-performing crypto. Its rally happened as the total value locked in its decentralized exchange ecosystem soared, making it the fourth-biggest player in the industry.
ETHFI price has also jumped because of the management’s strategy to buy back its tokens using its profits. It has now started buying tokens weekly and every month, with the repurchased ones moving to its stakers, a move that has boosted their staking yield.
These factors explain why the ETHFI price has jumped by double digits in the past few days, a trend that may continue.
103 ETH of revenue from the prior week will be used for $ETHFI buybacks.
Buyback execution update coming soon.
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Bitcoin Pepe (BPEP)
Bitcoin Pepe is another top crypto to buy in this bull run. Currently in its presale, the project has gone viral and raised over $8.4 million from investors, making it one of the most successful projects this year.
Bitcoin Pepe is hoping to disrupt the crypto market by being the first meme layer-2 in Bitcoin, a chain that is not possible to build on. Its chain will have instant transactions, low transaction fees, and be backed by the new PEP-20 standard.
Ultimately, it hopes to become as popular as Solana, whose meme coins have received a valuation of over $15 billion. Buying the BPEP today almost guarantees a return because the price will keep going up until its launch on May 31st. Hurry up and buy Bitcoin Pepe here.
‼️ LISTING ANNOUNCEMENT ‼️
$BPEP presale ends May 31st at 2PM UTC!
✅ 10+ Partnerships agreed
✅ Listing announcements coming
✅ CEXes in talks
🚀Next Token to explode!
Be the OG, buy $BPEP TODAY ➡️ bitcoinpepe.co
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Monero (XMR)
XMR price chart | Source: TradingView
Monero is another top cryptocurrency to buy because of its role in the crypto industry, where it has become the biggest privacy coin. It has jumped this year after US authorities ended the sanctions against Tornado Cash, another popular privacy token.
Monero price has jumped as investors anticipate that exchanges like Coinbase and Binance, which delisted it, will now list it back. It has moved to its highest point in over four years, and technicals suggest that it has more upside ahead. As shown above, it remains above all moving averages and oscillators are supportive.
Some of the other cryptocurrencies to buy as the fear and greed index hits 62 are Solana, Polkadot, Pepe, and Shiba Inu.
The post Best crypto to buy as the fear and greed index hits 62 appeared first on Invezz
