Crypto News – The minutes of the May meeting of the Federal Reserve revealed a lack of consensus on future interest rate changes, bringing uncertainty to the current market.

Officials expressed hesitation about whether to continue raising rates or maintain the status quo.

Given this uncertain macroeconomic backdrop, which crypto are currently the best?

Crypto – Kava (KAVA)

After reaching a yearly high of $1.55, KAVA appears to have entered overbought territory according to the RSI indicator.

KAVA has retraced from those highs and is currently trading at $1.113, a decrease of 5.76% from yesterday’s closing price.

Observing the EMA indicators, the 20-day EMA is at $0.97, the 50-day EMA is at $0.909, and the 100-day EMA is at $0.907.

The current price is above all key EMAs, indicating a continued upward trend in the short to medium term.

However, the MACD histogram has decreased from 0.026 yesterday to 0.024, suggesting a weakening of upward momentum.

For bullish traders, an immediate resistance level to watch is the Fibonacci 0.618 retracement level at $1.147.

If the price can decisively break through this resistance, it may test the recent high of $1.55.

On the other hand, for bearish traders, there are some key potential support areas to monitor, including the horizontal support range of $1.036 to $1.073, which aligns with the Fibonacci 0.786 level at $1.038.

Despite the ongoing upward trend, KAVA appears to be taking a slight breather today after a strong rally.

Both bullish and bearish perspectives should closely monitor the aforementioned key resistance and support levels for signs of the next trending move.

Technical indicators indicate a slight weakening of momentum in the short term, suggesting the possibility of further retracement before the next leg up.

AiDoge’s unique Meme-to-Earn ecosystem

AiDoge has currently raised over $13.2 million, creating excitement in the crypto community as it nears the end of its presale.

The project combines artificial intelligence with meme coin features, capturing the interest of crypto enthusiasts and setting it apart from other projects in the meme coin space.

The mechanism of AiDoge is simple yet intriguing. As an AI-powered meme coin, it introduces an innovative meme-to-earn (M2E) ecosystem that invites everyone to participate in meme creation, driven by advanced AI technology.

The platform rewards meme creators with $AI tokens, elevating the concept of meme creation as a potential source of income.

$AI tokens play a significant role in the AiDoge ecosystem. In addition to earning rewards, users can purchase meme generation with the token, which can also be staked, providing additional benefits to users.

The introduction of the low-cost Layer 2 solution Arbitrum adds to its appeal, enabling faster and lower-cost transactions.

While it inevitably invites comparisons to well-known meme coins like Dogecoin and Shiba Inu, AiDoge.com emphasizes its practicality, deviating from the typical narrative surrounding meme coins.

As such, it has the potential for strong growth. The rise of AiDoge.com aligns with the diversified sentiment of crypto investors who are eagerly seeking the next promising project to add to their portfolios.

Meme coins are often associated with speculation, but AiDoge.com challenges that perception by introducing a new approach that emphasizes community and engagement.

As the only existing M2E currency, AiDoge has the potential to make a significant impact in the crypto market, proving that memes have more meaning beyond entertainment.

Crypto – Render Token (RNDR)

Render Token (RNDR) experienced significant growth the day before, impressively rising by 10.97%.

This rebound not only allowed RNDR to successfully recover from the Fib 0.618 level but also surpassed the Fib 0.786 level.

However, RNDR has given up most of its gains today, currently down by 9.26% to $2.469, slightly above the critical Fib 0.618 support level at $2.449.

Looking at the Exponential Moving Averages (EMA), the 20-day EMA is at $2.214, the 50-day EMA is at $1.977, and the 100-day EMA is at $1.707.

The price remains well above all major EMAs, indicating a bullish medium-term trend.

However, the MACD histogram has decreased from 0.065 yesterday to 0.054, indicating a slowdown in upward momentum.

On the bullish side, if RNDR can hold above the Fib 0.618 support level at $2.449, the next significant resistance to watch for would be the Fib 0.786 level at $2.672.

A breakthrough at this level could lead to a retest of yesterday’s high. On the other hand, if the $2.449 support cannot be maintained, RNDR may decline and test the support of the 20-day EMA at $2.214.

While the medium-term upward trend remains intact, RNDR appears to be facing profit-taking after a strong bounce yesterday. Technical indicators show a slowdown in momentum, so caution should be exercised.

Overall, RNDR maintains a bullish posture above key EMAs but may consolidate around these levels for a while before attempting another upward move.

Ecoterra is one of the best cryptocurrencies to buy right now

Ecoterra, an advanced web3 application incentivizing recycling and sustainable development, has already surpassed a sales volume of $4.26 million in its presale phase, with investors purchasing over 60% of the available tokens in just seven weeks.

Utilizing blockchain technology, Ecoterra makes significant contributions to combating climate change.

The application will incentivize people to take “impact actions” such as recycling by providing crypto rewards.

Environmentally conscious investors can purchase Ecoterra tokens using Ethereum, Tether, or fiat currency.

After the presale ends, Ecoterra tokens will be listed on exchanges at an initial price of $0.01, higher than the current price.

At the core of the Ecoterra platform is the Recycle2Earn application, which will provide access to the recycling material and carbon offset markets, as well as an impact profile.

The application encourages unique and creative recycling methods by balancing the funds brought in from enterprise fees and package purchases with the reward funds paid out to users.

Ecoterra will also offer businesses a new way to enhance recycling through the recycling material market, aiming for authenticity.

The presale of Ecoterra marks an important milestone towards environmentally friendly economic growth.

It provides investors with a rare opportunity to be part of a project that offers both financial returns and contributions to addressing climate change.

Crypto – Toncoin (TON)

After experiencing a strong 9.57% increase and successfully breaking through the Fib retracement levels of 0.236 and 0.382, Toncoin is facing selling pressure, causing the price to drop by 3% so far.

TON attempted to break through the key level of resistance between $2.049 and $2.086, which aligns with the 50-day EMA.

However, TON encountered rejection at this level, indicating that the bulls have lost control and momentum.

Looking at the technical indicators, the RSI has decreased from 51.71 yesterday to 46.69 today, indicating a weakening of the recent upward momentum.

The MACD histogram has also dropped from 0.007 to 0.0011, reflecting a slowdown in short-term momentum.

Currently trading at $1.965, TON needs to hold above the immediate support level of $1.914, which corresponds to the Fib 0.236 level, to prevent further decline.

While TON appeared poised to continue its upward trend after a significant rise, today’s crypto failed to break through the critical resistance area, resulting in rejection at the price and deteriorating technical indicators.

In the short term, TON needs to hold the support level at $1.914 and reclaim above $2 to regain a bullish outlook.

A breakdown below $1.914 could trigger further selling, potentially causing TON to drop to the previous support range between $1.8 and $1.83.

Traders and investors should closely monitor the price movement of TON at the current levels to determine the preferred direction for the next steps.

YPredict raised $1.68 million in the presale of its AI-driven cryptocurrency trading platform

With its advanced artificial intelligence technology, yPredict demonstrates its strength in the field of crypto trading and market intelligence.

The raised funds will be used to support the early development of its leading institutional-grade, AI-based crypto price prediction system, which is hailed as a game-changer in the trading industry.

Although entering its sixth round of presale, with token prices rising from $0.07 to $0.09, there is still exciting room for growth for new investors.

Once listed on major crypto exchanges, the YPRED token price is expected to reach $0.12, offering potential returns for presale investors.

With the presale quickly selling out and setting a hard cap of $6.5 million, potential investors need to act swiftly.

Analysts predict a bright future for yPredict and its YPRED token, given the continued recognition of AI technology in trading circles.

By harnessing powerful AI technology to provide signals, pattern recognition, and social/news sentiment capabilities, yPredict brings a new level of sophistication to trading.

Additionally, skilled developers can potentially earn passive income by offering model predictions or data research as trading signals to other users for a subscription fee.

Based on the Polygon blockchain, the YPRED token serves as the native token for the yPredict trading platform, offering fast transactions and low gas fees.

Token holders gain access to advanced features, enjoy holding rewards, and receive passive income streams.

The platform is expected to fully launch by the end of 2023, encouraging investors to purchase YPRED tokens while discounts are still available. Investors can use ETH, MATIC, and BNB to purchase YPRED tokens.

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DeeLance: One of the best cryptocurrencies for freelancers

DeeLance is a leading web3 platform that provides services for freelancers and has already raised over $1 million in its presale for the $DLANCE cryptocurrency token.

The platform aims to harness the decentralization and transparency of blockchain technology, attracting investors who recognize its potential to transform the remote freelance industry.

DeeLance empowers remote work by changing the game with low fees, unparalleled security, and a transparent work ownership transfer system.

Through the utilization of blockchain technology, DeeLance’s Web3 freelance platform addresses long-standing issues, placing power back into the hands of freelancers and clients, reshaping the entire industry.

For investors with a keen interest in the $DLANCE token, they need to act swiftly as once the presale surpasses the threshold of $1.2 million, the token price will rise from $0.033 to $0.038.

Considering the rapid pace at which the tokens are being grabbed, this milestone could be achieved soon.

DeeLance is developing a metaverse that combines cryptocurrency and NFT technology, creating a unique metaverse for remote work and the $761 billion recruiting industry.

Transforming freelance work into NFT tokens is a key principle of DeeLance’s approach, allowing freelancers to retain ownership of their work and facilitating secure and reliable transfer of work ownership.

This approach effectively addresses long-standing issues such as copyright infringement and payment fraud, providing unmatched security and confidence for all parties involved.

Easy registration

Unlike some existing freelance platforms, DeeLance promises easy access and extremely low fees.

The registration process is simple and does not require browser plugins, third-party applications, or credit card information.

By utilizing blockchain technology, fast transactions are achieved, offering transparency and security. Payments are also safeguarded by escrow systems and smart contracts.

DeeLance puts freelancers first and changes the game. With DeeLance bringing a 21st-century platform for freelancers and clients, the future of freelancing looks bright.