Coinbase CEO Brian Armstrong has expressed his concern about the United States’ lack of regulatory clarity regarding cryptocurrencies. Speaking at a fintech event in London, Armstrong said that if the situation does not improve, the company might have to consider relocating. He emphasized the potential of the US as a significant market for cryptocurrencies but stressed that the absence of clear regulations is proving to be a hindrance. The regulatory ambiguity could have a significant impact on the selection of the best cryptocurrencies to buy now.
Meanwhile, Coinbase’s stock experienced a 4.19% decline on Wednesday as cryptocurrency values weakened. SEC Chair Gary Gensler defended the regulator’s measures against crypto companies, stating that he had never seen such noncompliance with laws enacted by Congress and repeatedly upheld by the courts. While Democrats commended Gensler’s efforts to increase enforcement actions, particularly after the FTX collapse in November, Republicans echoed the concerns of crypto companies about unclear or imprecise regulations.
Despite the regulatory ambiguity, opportunities for portfolio diversification persist. Some of the best cryptos to buy now based on technical and/or fundamental analysis include LHINU, BTT, DLANCE, RNDR, ECOTERRA, TRX, and TARO.
One of the best cryptos to buy now is Love Hate Inu (LHINU), a meme coin with utility. The cryptocurrency project secured $5 million in funding and initiated a unique competition that allows participants to cast their vote on a polarizing figure, potentially winning a $10,000 prize. LHINU blends the appeal of meme coins with a vote-to-earn mechanism. By staking LHINU tokens, users gain the ability to participate in polls and earn additional tokens for voting. The platform’s voting system is secure and transparent due to the use of blockchain technology and smart contracts. The presale is currently underway and is gaining traction, with analysts suggesting that it could become the next big meme coin, similar to Dogecoin or Shiba Inu.
BitTorrent token (BTT) has demonstrated resilience despite the regulatory ambiguity in the digital currency market, achieving a 22-week peak. The file-sharing token’s value surged to $0.00000095 but ultimately settled at $0.00000070 with an 11.11% increase. Decentralized exchange Mdex revealed its intention to support BitTorrent starting April 24. Users participating in the “feedback activity” have the opportunity to earn a portion of a $180,000 prize by utilizing Mdex’s features. As BitTorrent forges ahead, market participants will be closely observing its trajectory in the dynamic world of digital assets.
DeeLance, a Web3-based employment platform, has successfully garnered $320,000 in funding three weeks after the initiation of its presale. The platform connects freelancers and recruiters in a highly efficient manner by utilizing blockchain technology. DeeLance’s integration of non-fungible tokens (NFTs) ensures secure ownership of work, setting it apart from competitors like Upwork and Fiverr. Additionally, DeeLance’s metaverse integration further enhances its offerings. The $DLANCE token, which runs on the Ethereum blockchain, serves as an access token to DeeLance’s ecosystem. The token’s value is derived from its utility in facilitating secure and transparent commercial transactions.
Render Token (RNDR) has seen a recent surge in price, breaking through a crucial resistance point at $2.19, its previous year-to-date high set on February 15. The token is trading above its 20-day, 50-day, and 100-day EMAs, signaling a bullish trend. The Relative Strength Index (RSI) currently stands at 69.22, approaching the overbought territory, which may indicate a potential price pullback or consolidation in the short term.
