table of contents
Top Cryptocurrencies to Invest in Now
1. Tezos (XTZ)
2. Whole (Whole)
3. ApeCoin (APE)
4. Pepe Unchained (PEPU)
5. 1 inch network (1INCH)
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The People's Bank of China has unveiled a major stimulus package aimed at boosting liquidity in the economy, which is having repercussions on global markets. The South China Morning Post reports that the stimulus package is being dubbed a "policy bazooka." The timing of the package coincides with a recent rate cut by the U.S. Federal Reserve, which has drawn increased attention from international investors.
This increase in liquidity could potentially have a positive effect on the cryptocurrency market. While the immediate effects of China’s stimulus measures on cryptocurrency prices are uncertain, increased liquidity in the global economy generally encourages risk-taking, and digital assets could benefit from this change. As a result, market participants are now looking for the best cryptocurrencies to invest in.
Top Cryptocurrencies to Invest in Now
Robinhood recently expanded its cryptocurrency options to New York, now including Tezos. Celo has gained more attention this year, particularly among stablecoin operators. ApeChain is set to launch soon, and its partnerships with major companies are expected to improve the platform’s usability, which could help drive further adoption.
1. Tezos (XTZ)
Tezos is designed to facilitate dApps and asset management. The platform emphasizes security through formal verification, a process that ensures the correctness of smart contract code. It also has its on-chain governance system, which allows stakeholders to propose and vote on network upgrades, helping it scale without the need for disruptive hard forks.
Additionally, Tezos stands out as an early adopter of the Liquid Proof of Stake (LPoS) consensus mechanism, where token holders can participate in securing the network and validating transactions. Recently, Robinhood expanded its cryptocurrency offering in New York, adding Tezos alongside Uniswap and Stellar. This announcement sparked optimism within the Tezos community, leading to a notable rise in the price of XTZ, Tezos’ native token.
The listing has improved market sentiment, contributing to short-term gains in the token’s value. Additionally, XTZ is currently in an uptrend but is showing signs of consolidation. The token is attempting to hold the $0.70 price level and in the short term, it may continue to move sideways. At the time of writing, XTZ is listed at $0.7237, reflecting a daily gain of 2.87%.
Over the past week, the token has increased by 8.42%, with 17 green days in the past 30 days, indicating an overall positive performance. It is also trading near its recent cycle high and enjoys high liquidity relative to its market cap.
2. Whole (Whole)
Celo is a carbon-negative, permissionless blockchain that focuses on sustainability and inclusion in the financial system. It has developed a diverse ecosystem with global partners who use the network to build Web3 dApps that aim to provide broader access to financial services. This focus on accessibility makes it an attractive platform for developers looking to build applications that promote financial inclusion.
