Best Crypto to Buy Now February 5 – ENS, GNO, LINK

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By BitcoinWiki News

Key Takeaways:

  • Surging US Dollar Index (DXY) and rising US government bond yields
  • Ethereum Name Services (ENS)
  • Gnosis (GNO)
  • Chainlink (LINK)
  • Bitcoin
  • CME’s Fed Watch Tool
  • Spot Bitcoin ETFs
  • Crypto Presales
  • ISM Services PMI report
  • US Federal Reserve Chair Jerome Powell
  • US jobs report

1. Introduction
The US Dollar Index and rising US government bond yields are capping gains in major cryptocurrencies on Monday, though Ethereum Name Services (ENS), Gnosis (GNO), and Chainlink (LINK) are still performing well, making them amongst the best cryptocurrencies to buy now.

2. Market Analysis
The surge of the US Dollar Index and rising US government bond yields are impacting the value of major cryptocurrencies, particularly capping the Bitcoin price under $43,000. Additionally, a stronger-than-expected ISM Services PMI report released on Monday further adds to market reasons for Fed rate cut bets. However, Bitcoin and the broader market remain underpinned. BTC is holding above support in the $42,000 area, with strong net flows into spot Bitcoin ETFs in recent sessions.

3. Best Crypto to Buy Now
Ethereum Name Services (ENS), Gnosis (GNO), and Chainlink (LINK) are identified as some of the best-performing major altcoins to buy now. Ethereum Name Services (ENS) is up an impressive 7%, Gnosis (GNO) has rebounded and is pumping with potential gains of over 25%, while Chainlink (LINK) is approaching $20 and could pump back to its 2022 highs at $29.

4. Crypto Alternatives to Consider
For those looking for a higher probability of near-term gains, getting involved in crypto presales where investors buy tokens of upstart crypto projects to help fund their development is considered a high-risk, high-reward investment strategy. The article provides a list of 15 of the best crypto presales of 2023.

5. Disclaimer
The article includes a disclaimer stating that crypto is a high-risk asset class and provides investment advice and that investors could lose all of their capital.

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