Best Crypto to Buy Now July 19 - Bitcoin Cash, Wall Street Memes, Cardano

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Even though Binance just completed its quarterly burn, it seems to not affect the price of BNB. Perhaps the recent FUD is still creating skepticism in the market. While the gross uncertainty lingers in the crypto market, what are the best cryptos to buy now? Below are some of the best performance assets in the past 24 hours. Not only that, the assets are positioned for heightened performance in the future. The prediction is based on predefined metrics that gauge their performance and activities across the network and ecosystem of each cryptocurrency. Before jumping into the details, below is a quick summary of the global cryptocurrency market in the last 24 hours.

Global Crypto Market Cap Chart

The global crypto market cap is up by 0.34% in the last 24 hours, bringing the value to $1.2T. However, the trading volume is down from what it was yesterday, with about a 7.5% decrease in value. DeFi transactions also went down in the last 24 hours, constituting only 6% of the total trading volume across the market. In the meantime, BTC still maintains its downward trend, with a decrease of 0.14% in the last 24 hours.

Best Crypto to Buy Now

The crypto market today has seen a dramatic drop in the trading volume. What it means is that the assets would brace up for a wind of price movement in the coming days. However, the price movement would affect investors depending on the assets in their portfolio. A good place to start could be the memecoin sector. The presale performance of Wall Street Memes (WSM) shows that the memecoin season is not over yet. More details on the WSM are below.

1. Cardano (ADA)

The decline in the price of Cardano has been in response to the regulatory challenges the asset faces in the US. Some time ago, the SEC identified ADA as an unregistered security. It led to a high-profile lawsuit, which has lingered to date. Surprisingly, the bears have dominated the Cardano charts for most parts of this year. The price of the asset has fallen from $0.4 to $0.26.

However, it seems ADA might be on a recovery path because the price of the asset has gone up a few price points in the last few days. While the case in the US lingers, other regions of the world are buying into the potential of Cardano. The price of the asset is considerably underpriced right now. Given the volume of use cases of Cardano at the moment. Its price should be much above what it is right now.

Information shared on the Cardano Twitter handle shows that there have been increasing activities across various Cardano communities in many regions of the world. The development means there’s bound to be an increase in the visibility of the platform. What’s interesting about the Cardano token right now is that the asset is grossly underpriced and it is likely to mirror the performance of XRP in the future. The prospect makes it one of the best crypto to buy now.

2. Synthetix (SNX)

SNX gains may not always be constant. Over the years, the token has fluctuated widely between various highs and lows. Ultimately, the price movement is not typical of SNX alone because nearly every asset in the DeFi category faces similar action.

In the last 24 hours, the price of SNX has gone up by nearly 5%. Consequently, the surge in price has placed the asset among the top gainers in the cryptocurrency industry in the said period. In the same vein, the trading volume of SNX has equally gone up by almost 15%.

The increasing price of the asset stems from the recent activities across the Synthetix network. First, it was the cross-chain Synth with Chainlink. Then a major development across the network, which includes the proposed launch of Infinex, an initiative that’s projected to improve and enhance decentralized trading infrastructure.

Synthetix now uses @chainlink CCIP for efficient, secure Synth liquidity transfers through the Synth Teleporter.

CCIP paves the way for cross-chain Synthetix, expanding access to liquidity & markets across EVM-compatible chains.

Learn more 👇https://t.co/6Ul2L5sxzQ

1/9

— Synthetix ⚔️ (@synthetix_io) July 17, 2023

Furthermore, it is also believed that Infinex will grant users access to the Optimism solution to provide low gas fees and improve transaction speed. The crypto industry should expect a spike in the value of ADA in the coming days. There’s a lot of development in its pipeline that’s likely to push the value of the asset up in the coming days.

3. NEAR Protocol (NEAR)

NEAR is back on the upward trend with 24-hour gains of about 4%. The token has been trading sideways for a while now. Before its recent consolidation, it’s been trending downward for most of the year with over 67% off its value. The recent price movement from the Ripple case has also lifted the price of the asset to a new highlight. In less than 48 hours, Near saw over 15% increase in price. Since then, it’s been on a consolidation trend that’s brought the price to $1.49.

Recent activities around the asset show NEAR might be bracing up for more price movement soon. Currently, NEAR’s RSI (14) is at 57, which is in the neural range for now. But, its long-term EMAs are quite bearish. Ultimately, the value of NEAR might see a boost in the short term that would likely take its price up by a few percent in the coming months. However, it might receive rejection as the price increases due to resistance at the $2 region.

Furthermore, near is making moves that might keep its values up in the short term. An instance is its recent move to integrate Polygon on its chains. The move comes with some advantages which include easy access to interactive dashboards for dApps, and easy access to platforms like PancakeSwap, Balancer, QuickswapDEX, gamma strategies, etc. Similarly, it established a relationship with GetsecuredAI to provide security across the Near Protocol ecosystem. A move that would reinforce the confidence of dApp and DeFi developers in the Near platform.

4. Bitcoin Cash (BCH)

Bitcoin Cash often responds to the price movement of BTC. Since BTC kicked into a declining trend towards the middle of the month, the price of BCH seems to also follow a similar trend. For some reason, the price of the asset has since dropped by nearly 17%. The decline is coming barely days after the spike that added several dollars to the price of BCH. However, why is BCH one of the best cryptos to buy now?

Usually, BTC forks, such as BCH and BSV have always benefited from BTC price gains. And if otherwise, the two assets also often fall prey to the bears. The sudden rebound of BTC from $29.7 to $30k within the last 24 hours has also been reflected in the price movement seen on the price charts of BCH in the said period.

Furthermore, the reading from the BCH charts shows that its RSI (14) is back in the neutral zone, with its value sitting slightly above 50. Looking at the short-term EMA, 10-day, and 20-day, the values are bearish. It means that the BCH may face further decline in the coming days.

At its current pace, it might continue its current decline till it consolidates around the $220 – $230 price zone. It’s unlikely BCH falls below the $220 mark, due to its bullish long-term moving averages. Overall, BCH is showing potential, and it might be best to buy it when it hits its lowest in the coming days. If the Bitcoin rally finally holds, BCH might mirror the trend.

5. Wall Street Memes (WSM)

Is Wall Street Memes the best crypto to buy now? The answer is hidden in the data gleaned from the WSM presale page. In less than 3 moments, WSM has gone from being a newbie in the memecoin world to becoming a force to reckon with. It launched its presale with two aims. The first is to provide an opportunity for the memecoin enthusiast to come on board the platform and the next is to give investors a chance to enjoy the first mover’s advantage. However, the result of its presale may have exceeded the expectations of the team.

Announcing to the group chat that I'm not done with gambling after saying I was 24 hours earlier pic.twitter.com/BpJQBcbNtR

— Wall Street Memes (@wallstmemes) July 16, 2023

At the moment, the platform has thousands of investors on its waitlist with over 15 million dollars raised in presale funding. Not only that, but the growth of its community has also gone through the roof with hundreds of thousands of raving fans on Twitter and other social media handles.

The wall street memes community prides itself as one of the few communities that’s out to change the narratives of Wall Street. Ultimately, the platform is out to raise a community of degens that’s ready to withstand the long-standing dominance of institutional investors. It’s offering this chance through its token that’s currently priced at $0.0319. The only downside is that the price is bound to jump to $0.0322 in another four days. At the current growth rate and influence, WSM is one of the best cryptos to buy now.

Visit Wall Street Memes presale.