• The crypto market took a significant hit on Monday, with a total crypto market cap shrinking to $1.111 trillion.
• Ethereum and Bitcoin, the two leading cryptocurrencies have experienced declines in market cap.
• AI, BGB, SPONGE, LDO, ECOTERRA, BCH, and YPRED are some of the best cryptos to buy now based on their fundamentals and/or favorable technical analysis.
Overview of Crypto Market Selloff
The cryptocurrency market experienced a selloff on Monday with an outflow of approximately $29.45 billion resulting in a total crypto market cap diminishing to $1.111 trillion. Ethereum and Bitcoin were not untouched by this downturn, their respective market caps falling to $222 billion and $535 billion respectively.
Top Performing Cryptocurrency
Litecoin has emerged as the top performer amongst the top ten cryptocurrencies today so far recording a gain of 3.30%, while Polygon trails as the day’s biggest decliner with a loss of 2.66%. Additionally BTC’s dominance (47%) has remained unaffected despite dropping 0.55% in 24 hours currently trading at $27657 as of writing this article.
Ethereum Price Decline
Ethereum’s price decline is at 0.44% so far today trading at 1848$. The bulls are determined to prevent ETH from going below its support level at 1800$ to increase chances for rallying back up to 1900$.
Best Cryptos To Buy Now
Cryptocurrencies such as AI, BGB, SPONGE, LDO, ECOTERRA, BCH and YPRED are some of the best cryptos to purchase now based on their fundamentals and/or favorable technical analysis due to investors anticipating April’s CPI numbers later today in addition to the ongoing pullback in the crypto markets .
AiDoge: meme coin project attracting attention
Meme coin AiDoge’s presale has been drawing attention after raising over 1 million dollars within one day accumulating an overall investment of 4 point 6 million for its meme coin which employs advanced generative AI technology for creating viral memes on social media platforms . This presale has progressed from stage 4 to 7 taking only one week per stage . Such meme coins like Sponge , Pepe , Floki have received traction from investors prompting them towards search for other promising small-cap projects .