Best Crypto to Buy Now Feb 1 – Chainlink, Pyth, Mina

Photo of author

By BitcoinWiki News

Key Takeaways:

  • Chainlink (LINK) – Up 6% in 24 hours
  • Pyth Network (PYTH) – Up 6% in 24 hours
  • Mina Protocol (MINA) – Up 5% in 24 hours
  • Bitcoin (BTC) – Briefly fell to the $41,800s and rebounded by around $1,000

I. Overview
Cryptocurrencies like Chainlink, Pyth Network, and Mina Protocol are competing for the best crypto to buy today. While major cryptocurrencies remain lower in the past 24 hours, there is an attempt at a rebound on Thursday, with Chainlink (LINK), Pyth (PYTH), and Mina Protocol (MINA) emerging as potentially the best cryptos to buy now.

II. Market Update
Blue chip cryptocurrency markets dipped on Wednesday following a hawkish Fed policy announcement. The market is reacting to the Fed’s decision to leave interest rates unchanged, and Fed Chair Powell’s statement that a March rate cut would be unlikely. This has caused market sentiment to weigh on investors, resulting in a brief fall in the price of Bitcoin. However, the cryptocurrency has since rebounded, with investors still betting on rate cuts starting by May and macro likely to remain a strong tailwind in 2024.

III. Best Crypto to Buy Now
Chainlink (LINK), Pyth Network (PYTH), and Mina (MINA) are identified as some of the best cryptos to buy today. They are showing positive performance and potential for growth in the near term.

A. Chainlink (LINK)
Chainlink (LINK) is up around 6% in 24 hours and is pushing to the top of its multi-month range. A break above resistance in the $17 area could open the door to a fast move higher towards late 2021 highs in the $36-38 area.

B. Pyth Network (PYTH)
Pyth Network (PYTH) is up around 6% in 24 hours and is currently teasing a breakout above $0.44 resistance. This could lead to a swift move higher towards record highs around $0.55.

C. Mina (MINA)
Mina (MINA) has gained bullish momentum since its strong bounce from key support at $0.97. With a breakout above its 21 and 50DMAs, MINA could soon retest recent highs near $1.70, offering a potential near-40% gain.

IV. Alternative Investment Strategies
For those looking for alternative high-risk, high-reward investment strategies, crypto presales are considered. Investing in upstart crypto projects through presales could offer the potential for exponential gains. The article provides a list of 15 of the best crypto presales of 2023 and highlights the risk/reward of investing in presales.

V. Disclaimer
The article concludes with a disclaimer on the high-risk nature of crypto as an asset class and emphasizes that the information provided is for informational purposes and does not constitute investment advice.

In summary, the article discusses the current state of the cryptocurrency market, identifies Chainlink, Pyth Network, and Mina Protocol as potentially the best cryptos to buy now, and suggests crypto presales as an alternative investment strategy, with a disclaimer on the high-risk nature of crypto investments.

This is sponsored by: Learn Bitcoin Option

Leave a Comment