Best Crypto to Buy Now July 27 - Stellar, Launchpad XYZ, Aave

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Taming the world’s largest economy is not a job for the feeble. After much deliberation and widespread anticipation, the FOMC finally moved the motion to jack up key lending rates by 0.25%, bringing it to the range of 5.25% to 5.5%. The United States might be witnessing the highest rates in 22 years. However, the news didn’t send a negative wave across the cryptocurrency industry as the market saw a boost in key metrics. Consequently, what are the best cryptos to buy now? Before jumping into the details, it’s best to mention that the tokens spotlighted below result from based on predefined metrics. It’s best to carry out further research before making decisions. With that said, the data below captures the performance of the market as seen on CoinMarketCap at press time. accurate decision.

Global Crypto Market Cap Chart

The global crypto market builds on its gains of yesterday. At press time, there’s been an increase of 1.65% in the global crypto market cap, bringing the total value to $1.19T. Also, the trading volume moved up by 20.33%, reaching $31 billion in 24 hours. Of the total trading volume, DeFi transactions constitute 9.44%, which is a positive development for the sector.

Best Crypto to Buy Now

Generally, the presale launch remains a key entry point for new crypto projects. Oftentimes, it’s the best way for projects to get the first crop of users and supporters it needs to hit the ground running. Likewise, investors can benefit from the first movers’ advantage. This article highlights one that’s showing potential in its presale and presents valid utility that will benefit the entire crypto industry. More details on the presale later in the article.

1. Stellar (XLM)

Stellar is best known for its impressive price performance. XLM’s price has seen a pump of 14% over its price 24 hours ago. According to the information available on its CoinMarketCap login page, there’s been an increase of 81% in XLM trading volume. The sudden spike in price has helped XLM overcome its year-long stay in the red zone.

Hoover, is XLM the best token to buy now? Looking at key metrics, there’s an impressive outlook ahead of XLM. Firstly the market sentiment of the token is currently bullish with a fear/greed index of over 74, according to CFGI. Furthermore, XML has impressive liquidity right now as seen from its market cap of $4.09 billion, coupled with a 24-hour growth of 14%. Needless to say that Stella has a trading volume of over $880 million in the last 24 hours. Other areas of strength for the token include the fact that it’s been trading below its long-term moving, which means it might be able to hold its gains much longer.

Conversely, some Stellar token red flags might need the attention of traders and investors looking to jump on the trend. Firstly, its volatile rating is placed above 19%, which signifies that it would respond drastically to changes in the crypto market. Also, Stellar has spent much of the last 30 days in the red zone, which might affect the confidence of traders and investors if sudden downward pressure arises in the crypt market. Considering the upside of XML against its downside, it easily passes as one of the best cryptos to buy now.

2. Aave (AAVE)

Aave has had an impressive year so far, with over 43% gains in Q1. The price of the asset increased from $51.91 to $74.23. But Q2 was not so impressive with the crackdown from the SEC shaving away most of Q1 gains from the market. Aave had an overall loss of 5% in Q2, bringing its price down $70.33.

At press time, AAVE recorded gains of over 6% in the last 24 hours, bringing the price of the token to $74. gains in the said period are not coincidental. Over the last 30 days, AAVE has seen 16 days of green trends. However, there’s still a need to break above the $80 resistance zone. Perhaps, AAVE would achieve the breakout before the end of the quarter.

Generally, the usual observable trend in the AAVE price movement is the established price rejection that trends between $80 to $90. AAVE has traded close to these zones for most of this month and might be able to establish the support needed to push above the $80 mark. While this may take a while to achieve, it’s best to keep an eye on the price action to see the best time to make the move. For short-term opportunities, AAVE might be the best token to buy now.

3. Arbitrum (ARB)

Is Arbitrum finally settling for an uptrend? ARB has been swinging between ups, downs, and sideways trades for a while now. Overall, in 30 days, ARB has only spent 13 days in the greens, the question is whether the token would settle for an upward trend for the rest of the month. ARB charts show that the token faces intense resistance above the $1.2 mark. The pressure recently forced its price below the $1.1 support, draining its value as low as $0.9. However, the trend seems to be slightly upbeat now as the token printed gains of 3% in the last 24 hours and it’s maintained that pace for about 48 hours now. With its high liquidity and RSI (14) still holding at 51, there’s a high chance that the token maintains its gains.

Unfortunately, however, Arbitrum is coming under heat for its continued downtime that sometimes lasts for up to 15 minutes. The development has raised questions about the sustainability of the project. Nonetheless, the token boasts of an impressive team and a growing community of loyalists. Coupled with its strong fundamentals, ARB might be one of the best cryptos to buy now, especially for long-term strategy.

4. Bitcoin SV (BSV)

At times, Bitcoin Satoshi Vision (BSV) often mirrors the BTC price action. However, the trend this year is somewhat different. It even got worse when Dr. Craig Wright decided to bring a case against the entire Bitcoin ecosystem in the UK. In a bid to lay claim to the Bitcoin intellectual property right, Craig Wright has taken a legal battle with all concerned parties.

The effect of the suit is yet to bite hard on the BSV token. However, BSV has been trending downwards all year with a few intermittent spikes of bullish movement. Nonetheless, the downtrend may help traders to buy the dip for a long-term holding.

Currently, there are over 58 million BSV holders, and the token has a market cap of over $680 million. Consequently, there’s enough liquidity in the system to support investment prospects.

What this means for the crypto trader and investor is that BSV is underpriced right now and might continue to be so for the foreseeable days. However, with Bitcoin pressing for recovery, there’s the likelihood that BSV performs a short-term swing. It might come in an attempt to pump the price into an uptrend. This case is already in play today as the token recorded gains of over 3% in the last 24 hours.

The price action aligns with the price movement seen on the Bitcoin charts. Although, key indicators suggest that the trend of BSV might continue downward. What’s obvious, however, is that it provides the opportunity to further buy the dip. And take some profit when the token swings back up. In all, BSV is one of the best cryptos to buy now for traders who are willing to take the risk.

5. Launchpad XYZ (LPX)

Launchpad XYZ presale continues towards its goals of bringing investors on board its vision. The platform recently crossed the $1 million milestone according to the information posted on its official Twitter handle.

🔥💰 $1 Million Raised 🔥💰

A massive thanks to everyone that’s supported us in the #Presale so far!

Some of you are already making money from our signals Telegram – You’re all smashing it ‼️

Come and join the $LPX presale today⤵️
👉https://t.co/CrJA4RkGRf #Web3 #Crypto pic.twitter.com/RdeNFpzJMt

— Launchpad.xyz (@launchpadlpx) June 20, 2023

The feat shows that the vision has come a long way. What’s fascinating about the Launchpad project is that the team is not waiting till the project launches fully before offering value to the community. According to its presale page, Launchpad XYZ would provide robust solution packages to crypto traders and investors.

While the project team continues working and improving key aspects of its value proposition in anticipation of the launch, it also provides trading signals to the community via telegram. Ultimately, it’s a win-win for the ecosystem. Currently, the presale token is offered for $0.0445, and in a few days, it might climb to $0.046. Investors taking the step to become a part of the movement stand a chance to benefit from the $0.0565 listing price. Therefore, the earlier an investor joins, the higher the potential returns. More information about tokenomics is on its presale page.

Visit Launchpad XYZ presale.