The US Federal Reserve hiked the interest rates by 75 basis points this week to tame the rising inflation levels. The crypto market started bleeding earlier this week as traders grew anxious anticipating the actions of the Fed. However, the market seems to be cooling down, and some coins are attracting a bullish sentiment.
Some of the best cryptos to buy today for the best returns include Tamadoge (TAMA), Ripple (XRP), Stellar (XLM), and Cronos (CRO).
Tamadoge (TAMA)
Tamadoge is one of the newest cryptos in the market, yet it has taken over the market by storm after completing one of the most successful presales. The presale ended ahead of schedule after hitting a hard cap of $19 million. Tamadoge’s presale raised more than Ethereum did in its 2014 ICO.
Over the past few weeks, the Tamadoge community has grown rapidly, and there are no signs that the growth will slow down because of the project’s novel approach. It aims to be the best play to earn game while integrating a memecoin theme.
Tamaverse will offer a variety of games where the community can socialize and play against each other. Rewards within the game will be earned in TAMA tokens. By combining the best of the memecoin and blockchain gaming, Tamadoge is set to emerge as one of the best projects in the crypto industry.
After completing the presale, the Tamadoge team is exploring exchange listings. The first listing on a Tier 1 exchange has already been announced. The Tamadoge Twitter page has confirmed that TAMA will debut on OKX exchange on September 27th.
Ripple (XRP)
XRP has been one of the top performers during the past 24 hours. XRP is up by 17%, according to data from CoinGecko, to trade at $0.504. XRP is also up by 54% in just one week, with the gains soaring the market cap, now at $25 billion, making it the sixth-largest cryptocurrency.
XRP is the leading gainer among the top ten largest cryptocurrencies by market cap. The gains come from investor excitement that the case between Ripple and the US Securities Exchange Commission (SEC) could end.
Defense lawyer James K. Filan tweeted on September 18 that Ripple Labs had filed a motion for a summary judgment. A summary judgment is when the court decides on the case based on the facts instead of going for a trial. The judge is expected to determine whether XRP is a token or a security by mid-December.
Stellar (XLM)
XLM seems to be benefiting from XRP’s uptrend, having gained by 7.1% in 24 hours to trade at $0.124 at the time of writing. XLM’s weekly gains now stand at 23%. However, unlike XRP, XLM is one of the low cap cryptos with a market cap of $3.1 billion.
Stellar XLM is one of the main rivals of Ripple. Like Ripple, Stellar also runs a network seeking to streamline payments through blockchain and bring efficiency to cross-border transactions.
When the SEC filed its case against Ripple in December 2020, MoneyGram ended its partnership with Ripple and later partnered with Stellar. The rivalry between the coins has seen their performance mirror each other on occasion.
Cronos (CRO)
The other top gainer during the past 24 hours is CRO. CRO has gained by 10.7% in 24 hours, strengthening its weekly bullish sentiment. At the time of writing, CRO was trading at $0.117.
CRO is the native token for the Crypto.com exchange. Crypto.com is one of the largest exchanges. According to CoinGecko, Crypto.com ranks as the eleventh largest exchange with over $295 million in trading volumes. The centralized exchange is also one of the largest sports sector investors, making it popular with sports fans.
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