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As the DeFi trend begins to subside, there’s a new trend emerging. The bulk of the tokens on the top gainers list in the last 24 hours are Layer 1 assets. Perhaps, the market sentiment is shifting toward the crypto infrastructure sector. Nonetheless, what are the best cryptos to buy now? There are increasing opportunities in the crypto market with tokens showing immense short-term, long-term, and medium-term potential. This article features some of the best cryptos to buy now based on metrics and token performance over a given period. However, there is a need to make a research-based decision as the market is constantly changing. In the meantime, below is featured data from CoinMarketCap, highlighting the performance of the crypto market in the last 24 hours.
Global Crypto Market Cap Chart
The cryptocurrency market continues its struggles with the fear/greed index pointing at 55. Despite the market sentiment, the global crypto market stepped up by some decimal to $1.2 trillion, an increase of 0.44% in 24 hours. Coming against that increase is a global trading volume that dropped by 10.47%, with a value of $31 billion. The DeFi market is also not performing any better today as the total trading volume dropped to $2.2 billion in the last 24 hours, making up 6.9% of the global crypto trading volume in the said period.
Best Crypto to Buy Now
Are there assets in the crypto market with promising potential? Even Though the majority of crypto assets are currently trading sideways, some presale coins are coming up strong and might take the entire industry by storm. An instance is the Deelance presale. The token is currently at its final presale stage and it’s breaking new ground. A closer look at the DLANCE token may prove the potential of the project. More details are included below.
1. Toncoin (TON)
Toncoin’s social appeal received a massive boost after the founder of Telegram announced that he has only two assets in his portfolio. The two assets he mentioned include Bitcoin and Toncoin. He went further to state that he would rather strengthen his interest in these two cryptocurrencies than expand outwards towards other crypto assets. Following the announcement, the price of Toncoin jumped by nearly 10% peaking at $1.46.
However, the token retraced back to $1.36 before resuming its upward trend in the early hours of today. In the last 24 hours, TON’s gains have reached 2%. Undoubtedly, the price of the asset might climb beyond $1.5 if it continues the trend. Moreover, the founder and CEO of Telegram, Pavel Durov, sealed his commitment to Telegram and its ventures by purchasing up to a quarter of Telegram bonds. The move would boost the confidence in the coin. Possibly, there are going to be fewer instances of dumps.
Today, TON is priced at $1.43 and gradually reaching its 24-hour high of $1.46. Once the token successfully breaks into the $1.5 range, it is likely TON reach $2 before the close of the year. However, there might be strong rejections at the $1.8 – $1.9 zones. Nonetheless, the TON community and TON foundation have been a formidable force behind the project and they might be able to push it up the hills. Consequently, TON is likely one of the best cryptos to buy now.
2. Aptos (APT)
Aptos platform aims at scaling up the adoption of decentralized applications through improved speed and lower transaction costs. Since its inception, the platform has faced intense competition from other players in the Layer-1 crypto sector.
Consequently, the impact reflects on the price action of the asset. Recently, speculations are making rounds that the price of Aptos might surpass the $8 mark before the end of the month. Looking at the activities of the asset in recent times, there might be some reasons to believe that it is possible. As of today, the price of APT has reached $7.6, which is about 2% higher than its price in the last 24 hours. However, the chart history of Aptos might say otherwise and the token often faces intense rejection around the $8 zone.
Nonetheless, is APT the best crypto to buy now? Currently, Aptos token is quite underpriced. Given the potential of the asset, there are chances that the price of APT might receive a boost before the end of the year. For one, there’s currently an ongoing effort toward establishing partnerships that might improve the value of the asset. An example is the Chingari expansion from Solana to Aptos. Chingari is an India-based social media platform that provides localized content to some countries in Asia.
The partnership resulted in the recent price of APT, which has brought an addition of over 90 000 new users to the platform. With a few more similar collaborations, the price of APT might break beyond the $8 zone. Invariably, Apto’s performance qualifies the asset for long-term edging.
3. TRON (TRX) 7%
Tron trading volume has surpassed a 300% increase in the last 24 hours. Also, its price recorded a 7% jump in the same time frame. Perhaps, the TRX is sealing its recovery for the year. The token has struggled to hold its Y2D gains after suffering a major decline in February. Conversely, it started retracing in Mid-June with a rally that pushed its price slightly above $0.8. Since then, it continued to trade around this range, briefly testing $0.9 with a Y2D high of $0.09439. Will Tron become one of the best cryptos to buy now?
At length, speculators suspect that the bulk of the rally witnessed by TRX in the last 30 days is fueled by the activities of TRON founder, Justin Sun. Further changes in price result from increasing activities around the network. For example, the total account on Tron mainnet reached 169.6 million, with approximately 1.02 million accounts added to the network this week. Also, Tron TVL recently surpassed $12.6 billion, which is likely to increase confidence in the asset.
Unlock the power of blockchain innovation and step onto the world stage of possibilities with #TRON, where your voice and vision can transform industries and shape the future. 🌍 🚀 #BUIDLtheFuture pic.twitter.com/wCazyK8MW7
— TRON DAO (@trondao) July 20, 2023
For the time being, TRX is attempting to break above the $0.8 zone. If the asset succeeds in its attempted rally, it might be on its way to $0.12 before the end of the quarter. Consequently, it’s best to watch out for a potential breakout, which might make Tron one of the best cryptos to buy now.
4. VeChain (VET)
Many believe that the hope of VeChain returning to $0.1 this year got dashed when the token experienced a pullback at $0.03. The pressure from the bears has kept VET on a sideways trade for most of the year. However, on several occasions, VET has put pressure on the resistance to break into the upward trend.
A more recent attempt came up within the month where the price of VET exceeded $0.02. At its current pace, there might be a breakout in the coming month. The data seen on CoinMarketCap reveals that there’s been a 14% spike in trading volume and a 2% rise in price in the last 24 hours.
While the activities resulting in the spike are quite negligible, it shows the readiness of the bulls to take the token on an upward trend. Nonetheless, it is best to take a long-term view of the asset as there are resistances to overcome on its path to gains.
A breakout above the $0.024 level would take the price of the asset as far up as the $0.05 range. However, the chance that VET would cross into the $0.1 or $1 before the end of the year is quite ambitious and the activities around the network might not be enough to support the position.
5. Deelance (DLANCE)
The Deelance presale has reached the final stage and it’s on its way to being sold out. Ultimately, the wait is almost over for investors who bought in early. Similarly, the journey to the future is about to start. So far, the platform has raised over $1.598 million and could reach $1.6 million in less than 24 hours. In another 8 days, DLANCE will go live on exchanges.
Hey DeeLancers!
💥 DeeLance presale is your gateway to an ecosystem buzzing with energy!
Over $1.59M is raised in presale 🚀
Secure your $DLANCE tokens at $0.048 USDT and step into a world where creativity thrives.
Immerse yourself in the Metaverse, unlock the power of the… pic.twitter.com/kEPtvRrxj5
— DeeLance (@deelance_com) July 21, 2023
With the presale drawing towards a close, it’s best to consider getting on board. DLANCE is setting foot in uncharted territory and it might be the best crypto to buy now. Being a decentralized platform in the freelancing world gives it a fighting chance over incumbent platforms like Fiverr and Upwork.
Furthermore, its multifaceted solution brings a wide range of profit potential to investors. DANCE holders can expect to see multiple times of invested value if the token finally picks up. However, DLANCE might follow a growth path that’s similar to Bitcoin and Ethereum since its true value is based on utility. But, its gains, in the long run, would best the performance of most shitcoin and memecoin. The Deelance presale page provides further information.
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