Investment News

Best crypto to buy as the fear and greed index hits 62

While the crypto market rally has stalled, there are signs that it will bounce back soon as investors have maintained their risk-on view, with the fear and greed index remaining at the greed zone of 62. 

As we wrote earlier, there are chances that the crypto bull run has room to run, pointing to Bitcoin’s formation of a cup and handle pattern. It has also formed a bullish pennant, a popular continuation sign in technical analysis.

This article highlights the top three cryptocurrencies to buy and hold during this bullish cycle. The top ones in this list are ETHFI, Bitcoin Pepe (BPEP), and Monero (XMR).

Ether.fi (ETHFI)

ETHFI coin price has been in a strong rally in the past few weeks, making it one of the best-performing crypto. Its rally happened as the total value locked in its decentralized exchange ecosystem soared, making it the fourth-biggest player in the industry. 

ETHFI price has also jumped because of the management’s strategy to buy back its tokens using its profits. It has now started buying tokens weekly and every month, with the repurchased ones moving to its stakers, a move that has boosted their staking yield.

These factors explain why the ETHFI price has jumped by double digits in the past few days, a trend that may continue.