Top Cryptocurrencies for September 18: Chainlink, ApeCoin, Optimism – Best Investments

Top Cryptocurrencies for September 18: Chainlink, ApeCoin, Optimism - Best Investments


Anticipation of a pause in interest rate hikes at the upcoming Federal Open Market Committee (FOMC) meeting has caused Bitcoin (BTC) prices to increase. Bitcoin (BTC) rose over 3.4% to reach a September high over $27,400 after holding the key level of support of $26,000 over the weekend. Several analysts believe that Bitcoin’s capacity to sustain this critical support makes it the best digital currency to buy before the FOMC decision. Numerous investors are betting on a freeze to interest rate increases based on the latest Consumer Price Index report showing a slowdown in inflation. The expectation of no hike in rates has boosted hopes for a cryptocurrency market recovery, with Bitcoin (BTC) being seen as the top choice.

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Nonetheless, there are still dangers in the market, such as tighter regulations and recent market turmoil. Regardless of these challenges, trader optimism remains intact due to Bitcoin’s capacity to defend the $26,000 support zone. Specialists believe that if Bitcoin (BTC) continues  to hold this critical level leading up to the Fed’s rate decision, there is probable for upside gains. As of now, Bitcoin (BTC) is up 0.77% and trading near $26,743.

Other digital currencies like Chainlink, Wall Street Memes, Apecoin, Bitcoin (BTC) BSC, and Optimism are likewise experiencing price increases following Bitcoin’s lead. These digital currencies have promising utility and favorable technical outlooks, making them strong contenders for the best cryptocurrency to buy now.

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Chainlink (LINK) is showing indications of positive trend momentum after breaking over the Fib 0.382 resistance level of $6.306. The present price action is focused on securing a position over the 50-day and 100-day exponential moving averages (EMAs). If LINK can sustain this move over the EMAs, it might signal a to continue of the uptrend. The 20-day EMA has likewise shown its significance as a level of support, indicating positive trend sentiment in the short term.

Wall Street Memes ($WSM) is a project that intends to disrupt Wall Street’s elites and has already raised over $25 Million in its presale. The project is expected to be listed on major cryptocurrency exchanges soon, potentially causing a surge in its price. Wall Street Memes likewise offers a staking bonus program with a 58% annual percentage yield (APY), which could limit selling pressure when it goes public. With support from high-profile figures like Elon Musk, Wall Street Memes is seen as one of the best cryptocurrency presale opportunities.

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ApeCoin (APE) has shown indications of a probable reversal after reaching an all-time low. The RSI has consistently been in oversold territory, suggesting that APE could be undervalued and poised for a price increase. The MACD indicator has likewise indicated a positive trend crossover, further supporting the likelihood of an uptrend. APE’s price has already started to react to these positive trend signs, with an increase in market cap and volume of trading. In summary, Bitcoin (BTC) remains the top choice for investors ahead of the FOMC decision. Other digital currencies like Chainlink, Wall Street Memes, and ApeCoin likewise offer promising investment opportunities based on their technical indicators and market developments.

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Hot Take: Cryptocurrency Market Optimism Grows as Bitcoin (BTC) Rises Ahead of FOMC Meeting

Author – Contributor at | Website

Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.

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