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Cryptocurrency News Articles

Best Crypto Coins to Buy Now: LTC, Hyperliquid (HPL), and BlockDAG (BDAG) Analysis

Jan 22, 2025 at 10:00 pm

Determining the best crypto coins to buy now can be complex, yet this article aims to guide traders toward more informed choices. Although there has been a 34% decline in price, Litecoin analysis indicates a potential rebound for LTC if it can overcome the $100 resistance level. Similarly, Hyperliquid’s price has increased by 18%, suggesting a potential recovery if it exceeds $24.62.

Best Crypto Coins to Buy Now: LTC, Hyperliquid (HPL), and BlockDAG (BDAG) Analysis

Recent crypto market analysis has identified promising opportunities for traders seeking to optimize their investment strategies. Among the top crypto coins to consider, Litecoin (LTC) has experienced a 34% price decline following a strong performance in late 2024. However, it has encountered support at around $100, suggesting a higher low formation.

If LTC continues its upward trajectory and breaches current resistance levels, it could signify the conclusion of this correction phase. Litecoin analysis maintains a bullish outlook, with key indicators suggesting potential for further growth. A successful push above the $95 resistance could propel Litecoin towards $184, indicating a substantial increase.

Hyperliquid's price has shown an 18% rise, recovering from recent lows. While it was previously in a downtrend marked by a death cross, it now exhibits signs of recovery. The 9-period EMA has moved above the 20-period EMA, indicating a potential market reversal.

If Hyperliquid surpasses the critical $24.62 level, it could aim for $28.42, with the possibility of advancing towards $40. Conversely, encountering resistance could see its price fall to around $15.11. The upcoming period will be crucial in determining its market direction.

BlockDAG is enhancing its presence in the Web3 space with a strategic partnership with HackerEarth, known for leading global online hackathons. This collaboration aims to introduce more than 200 new projects across its platform, which will aid teams in developing decentralized applications (dApps) and other blockchain innovations.

With access to HackerEarth's robust community of 7.6 million developers, BlockDAG is poised to accelerate the expansion of its ecosystem significantly. The plan includes organizing four international hackathons that will engage between 10,000 to 15,000 developers.

These hackathons are designed to provide developers the opportunity to display their talents and gain broader visibility while promoting the adoption of decentralized finance (DeFi), infrastructure, and governance solutions. This partnership is instrumental in enhancing BlockDAG's profile and solidifying its role as a premier network for developers looking to impact the Web3 domain.

The increased activity from developers is expected to drive substantial growth within BlockDAG's ecosystem, possibly enhancing BDAG's value. Analysts are optimistic, forecasting that as the mainnet launch approaches and the crypto presale progresses—now at $183 million—towards its $600 million target, BDAG could hit $1 by 2025.

Currently valued at $0.0248 in its 27th batch and having provided a 2,380% ROI to its early adopters, BlockDAG ranks as one of the best crypto coins to buy now.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on Jan 23, 2025