Popular cryptocurrency influencer Ben Armstrong was arrested late Monday night following an alleged confrontation with a former business partner before being released on bail earlier today.
While crypto influencer Ben Armstrong’s arrest may have captured attention, it hasn’t curbed the ongoing pursuit of the best crypto to buy now.
The records from the Gwinnett County Sheriff’s Department show that Benjamin Charles Armstrong was booked on charges of loitering/prowling and simple assault by placing another person in fear. His bond was set at $2,600.
Video live-streamed on the social media platform X appears to show Armstrong in possession of a firearm in the backseat of his vehicle at the time of the incident. He was accompanied by one other individual, the footage revealed.
The arrest comes after Armstrong was ousted from BitBoy Crypto, the media company he founded, in August due to a unanimous decision by partners. The falling out may have sparked the Monday night clash.
Shortly after news of the arrest spread early Tuesday, the value of BEN tokens, a cryptocurrency launched by Armstrong earlier this year, fell by over 30%.
Armstrong acknowledged the arrest in a post on X, saying he looked forward to sharing his side of the story soon.
Meanwhile, looking at the crypto market, Bitcoin’s downtrend continues as the price faces rejection at key technical levels.
Last week, Bitcoin was unable to break above the 100-day EMA near the Fib 0.618 retracement level of $27,473. This bearish price action has persisted, with Bitcoin breaking below the Fib 0.786 level at $26,285 over the weekend.
On Monday, Bitcoin attempted to regain the $26,285 level with a minor 0.16% gain to the upside, but the overall downward trend remains intact for now. Bitcoin is trading around $26,173 as of writing, down 0.49% so far today.
Looking ahead, the key support to watch is the psychological $26,000 level. A break below this could open the door for a further drop toward the $25,000 to $25,500 zone.
As Bitcoin continues its search for a stable base, other altcoins such as Frax Share, Meme Kombat, 1Inch, Bitcoin BSC, and Bitcoin Cash are presenting themselves as the best crypto to buy now due to their strong fundamentals and/or positive technical analysis.
Momentum Building: FXS Price Shows Sign of Bullish Strength
Frax Share (FXS) appears to be maintaining its bullish trend, given the FXS price has emerged from a two-week consolidation period and is currently on an upward swing.
The FXS price has climbed by 11.35% over the last week and continues to grow, currently trading at $5.921, which is a 5% increase so far today.
FXS’ 20-day and 50-day EMAs are currently at $5.476 and $5.658 respectively, both lower than the current FXS price, indicating bullishness. The RSI has also risen to 62.39 from yesterday’s 55.32, suggesting an increase in buying pressure.
The MACD histogram shows a positive histogram of 0.082 up from yesterday’s 0.056, reinforcing the bullish momentum.
The upward trend in both the RSI and MACD suggests that the FXS price has strong momentum and may continue to rise in the short term.
However, traders should be cautious as the FXS price approaches the immediate resistance at the 100-day EMA of $5.976.
On the downside, the immediate support is found at the Fib 0.5 level at $5.790, followed by the 50-day EMA of $5.658.
The FXS price is currently exhibiting strong bullish momentum, but traders should closely watch the resistance at the 100-day EMA. A successful break above this level could pave the way toward the next resistance at the Fib 0.382 level.
On the other hand, failure to maintain the current momentum and a fall below the immediate support levels could indicate a trend reversal.
Meme Kombat Fuses AI with Crypto for A New Stake-to-Earn Experience, Best Crypto to Buy Now
Meme Kombat ($MK) brings together the power of artificial intelligence, blockchain technology, and beloved internet memes like Dogecoin for an unprecedented crypto-gaming experience.
Players can immerse themselves in token-staked battles between favorite pop culture characters in this new stake-to-earn model.
The recently commenced presale offers an early chance to acquire the $MK token before the full launch.
Meme Kombat will allow participants to wager their tokens on meme battles and earn rewards based on player skills and abilities.
The outcomes of these battles depend on the abilities of the players involved, but the transactions are fully transparent and secure due to blockchain integration.
Meme Kombat also incorporates the increasingly popular staking model, enabling token holders to earn attractive annual percentage yields of up to 112% during the presale period.
Staking will be limited to 14-day periods, giving users the flexibility to unstake tokens or remain in the pool. This avenue for earning rewards can benefit investors even during broader crypto market volatility.
The project roadmap outlines plans to fully launch the platform in late 2023, followed by seasonal updates introducing fresh characters and features.
Long-term plans may potentially expand gameplay modes and the gaming arena further.
With meme coins generating substantial hype, Meme Kombat’s integration of blockchain technology with pop culture memes stands ready to pique investor curiosity.
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1INCH Price: Slow and Steady Uptrend Signals Profit Potential
The 1INCH price has maintained a slow but steady upward trend over the past 40 days. The cryptocurrency finally managed to breach the 20-day EMA last week and is currently attempting to conquer the 50-day EMA.
The 1INCH price currently stands at $0.2654, marking a 0.45% increase so far today.
In terms of the technical indicators, the 20-day EMA for the 1INCH price is at $0.2538, followed by the 50-day EMA at $0.2627. These EMAs serve as important support zones for the 1INCH price.
The 100-day EMA stands at $0.2922, marking a significant resistance zone that the 1INCH price must cross to maintain its upward momentum.
The RSI currently stands at 58.30, up from yesterday’s 57.61. This upward movement indicates growing buying pressure and signals a bullish sentiment among investors.
The RSI is not yet in overbought territory, which suggests the 1INCH price can continue to rise before a potential pullback.
Meanwhile, the MACD histogram remains unchanged from yesterday at 0.0030. This indicator measures the momentum of the 1INCH price, and the static value indicates a stable trend.
The 1INCH price is currently grappling with a horizontal resistance zone that lies between $0.2872 and $0.3016. This resistance zone aligns with the 100-day EMA of $0.2922 and the Fib 0.236 level of $0.2946.
If investors can push the 1INCH price past this potent resistance zone, it could signal a stronger upward trend.
On the downside, the immediate support for the 1INCH price can be found at the 50-day EMA of $0.2627 and the 20-day EMA of $0.2538.
These EMAs have historically acted as strong support levels, and holding above these levels will be crucial in maintaining the current uptrend.
The 1INCH price’s steady ascent has been encouraging for investors, but keep an eye on the technical indicators and key price levels. The RSI shows increased buying pressure, and the MACD indicates stable momentum.
However, the 1INCH price faces a daunting resistance zone that it must overcome to continue its upward trajectory.
Conversely, if the 1INCH price fails to hold above the immediate support levels, it could face a potential pullback.
Bitcoin BSC: A Cheaper and Faster Alternative to Bitcoin
The choppy price action of Bitcoin in recent weeks has crypto investors looking for alternatives that can outperform the benchmark cryptocurrency in 2023.
One such option gaining traction is Bitcoin BSC (BTCBSC), a trending presale token that could deliver significant gains after launch according to experts.
The viral Bitcoin alternative has already raised over $5.6 million in its ongoing presale, hitting its soft cap target ahead of schedule.
With a hard cap of $6.06 million likely to be reached soon, BTCBSC is on pace to be one of the biggest crypto launches this year.
Priced at around $26,100 as of writing, Bitcoin has become increasingly expensive for new investors to purchase. Bitcoin BSC, priced at $0.99 in its presale, offers an alternative.
The token mimics Bitcoin’s early days, featuring similar tokenomics including a maximum token supply of 21 million. 6.125 million tokens are available for the presale, fitting within a hard cap of $6.063 million.
Bitcoin BSC allocates 68% of its total token supply to an on-chain staking mechanism. This feature is considered by some market experts to be a strong incentive for potential investors.
The remaining 2% of the supply will ensure liquidity across multiple exchanges, enhancing the trading experience for investors.
Built on the BNB Smart Chain, Bitcoin BSC offers benefits such as low transaction fees and faster completion times. Transactions can be finalized in less than five seconds at a cost of less than 10 cents.
This stands in contrast to Bitcoin, where transactions typically take about 10 minutes and can incur fees ranging from $5 to $10.
The token has caught the attention of prominent crypto news platforms like CryptoSlate and Cointelegraph, indicating its rising profile in the crypto community.
Bitcoin BSC has carved out a niche for itself in a crowded crypto marketplace through a combination of investor-friendly features and efficient transaction capabilities.
This, coupled with significant media attention, positions the token as one of the best crypto to buy now, a prospect that market observers will likely continue to monitor closely in the coming months.
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BCH Price Analysis: Bullish Momentum Building After Retest
After a retest of the 100-day EMA, the BCH price is showing signs of bullish momentum.
The price closed with a 2.83% increase yesterday and is currently trading at $213.8, an increase of 1.57% so far for the day. With the EMAs tightly packed, a significant move may be on the horizon.
The 20-day EMA for the BCH price currently stands at $207.5, almost identical to the 50-day EMA of $207.8, and slightly above the 100-day EMA of $201.5.
The BCH price currently faces a horizontal resistance zone of $230 to $238.1, which is in confluence with the Fib 0.382 level of $237.8. A successful breach of this resistance could signal a continuation of the current bullish trend.
Conversely, the BCH price finds immediate support in the horizontal zone of $205 to $215.8. This zone aligns with the Fib 0.5 level of $209.6, the 20-day EMA of $207.5, and the 50-day EMA of $207.8. This clustering of support indicators enhances its significance, and a failure to maintain this level could lead to a downturn.
The RSI, currently at 55.84, up from yesterday’s 53.38, suggests that buying pressure is slowly increasing. While not yet in overbought territory, continued upward momentum could push the RSI into this area, which often precedes a price correction.
Meanwhile, the MACD histogram is currently standing at 0.6, up from yesterday’s 0.5, indicating that the bullish sentiment is gaining traction. If this trend continues, it could provide further support to the BCH price.
With the BCH price consolidating above key support, the technical indicators present a cautiously optimistic picture.
The increasing RSI and MACD histogram suggest growing bullish sentiment. However, the close proximity of the EMAs indicates a potentially volatile situation.
It is advisable for traders to set clear risk parameters and wait for a decisive move. A breach of the $205 to $215.8 support or a breakout past the $230 to $238.1 resistance could establish the next trend for the BCH price.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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