The crypto market is holding steady, with Bitcoin hovering near its all-time high and Ethereum firing on all cylinders. The market capitalization of all coins has crossed the $4 trillion, and the rising Fed cut hopes will boost many tokens. This article looks at one crypto to buy and 1 to sell by comparing Bitcoin Penguins (BPEP) and Jasmy.
Crypto to Sell: Jasmy Coin
Jasmy, commonly known as Japan’s Bitcoin is one of the top crypto to sell this week because of its worrying technicals.
The main bearish catalyst for the Jasmy price is that it has formed a bearish pennant pattern on the three-day chart. This pattern began to form in December, when it peaked at $0.05937. It then plunged by 86% and bottomed at a low of $0.00824.
The second part of this pattern, which is a symmetrical triangle, has been forming since April, and the two lines are nearing their confluence level. Therefore, the token will likely have a strong bearish breakdown in the coming days once the ongoing bull trap ends. If this happens, the next key level to watch will be at the year-to-date low of $0.00832, which is down by 56% from the current level.
Crypto to Buy: Bitcoin Penguins
Bitcoin Penguins is one of the best crypto to buy today as it goes viral among enthusiasts. The token has already raised over $3.12 million in less than three weeks, making it the fastest-growing cryptocurrencies.
Bitcoin Penguins, which is audited by Spywol, aims to ride the altcoin season and turn a $0.0014 token into a $2 billion juggernaut. It will achieve that by mimicking Bitcoin and Pudgy Penguins.
Bitcoin, with a market capitalization of over $2.3 trillion, is recognized as a store of value, whereas Pudgy Penguins has introduced the penguins category in crypto. It has done what Dogecoin did for dogs, a move that birthed other popular tokens like Shiba Inu, Dogwifhat, Floki, Bonk, and Neiro. Combined, these dog tokens are worth billions.
Bitcoin Penguins has strategies to realize this goal. For one, it is a purely community project where its team and insiders have been allocated just 3% of all the tokens.
At the same time, they are working on the so-called Bitcoin dividends, where holders will at times receive real BTC tokens. Also, a partnership with a giant toymaker is in the works and will happen in the next few months.
Most importantly, in the short term, the developers are hoping to have it listed in some of the most popular tier-1 and tier-2 exchanges. Historically, cryptocurrencies surge whenever they are listed. The BPENGU listing will happen in the next two weeks. Learn how to buy BPENGU here.
