Heading: Best Crypto to Buy Now – BSV, Book of Meme, AIOZ Network
Title: Best Cryptos to Buy Now Amid Bitcoin Price Tumble and US Government Activity
As the Bitcoin price experiences a downturn after hitting resistance at $70,000 and amidst concerns about US government Bitcoin wallet activity, traders are on the lookout for the best cryptos to buy now to capitalize on potential gains.
Bitcoin’s recent price drop to around $67,000 followed a significant movement of $2 billion worth of BTC tokens by a US government wallet. Analysts speculate that such movements often precede an over-the-counter sale by the government, leading to suspicions among traders.
Former US President Donald Trump’s recent pledge to establish a strategic stockpile of BTC without selling any further contributed to the market volatility. This announcement propelled Bitcoin to $70,000, its highest level since early June.
However, the US government’s decision to move BTC tokens has raised concerns among some traders, with fears that the Biden/Harris administration might sell Bitcoin ahead of the election to counter Trump’s pro-crypto stance.
Despite the uncertainty in the market, investors are turning to altcoin markets to identify the best crypto to buy now. Some of the top-performing altcoins on Monday include Bitcoin SV (BSV), Book of Meme (BOME), and AIOZ Network (AIOZ).
BSV has seen a 14% gain in 24 hours, pushing its price above $51, with potential for further growth if it clears the $56 resistance level. BOME and AIOZ have also shown strong performance, with BOME potentially heading towards its all-time highs and AIOZ gaining over 10% in 24 hours.
While altcoins offer significant gains, investing in crypto ICOs could provide even higher upside potential. Start-ups conducting token presales at discounted rates present opportunities for quick gains if approached intelligently.
In the current market scenario, investors are advised to consider both established altcoins like BSV, BOME, and AIOZ, as well as upcoming crypto ICOs for maximizing their investment returns.