Best Crypto to Buy Now July 31 - Litecoin, Launchpad XYZ, Bitcoin

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Crypto traders are always on the hunt for the best cryptocurrencies to buy on any given day – we list some high-potential coins in this post.

Judging by the overall sentiment of the crypto market, Bitcoin may return to its position above $29,000 soon. Today’s update on the best crypto to buy now reveals why the giant token might find rally to break above the $29k price.

Global Crypto Market Cap Chart

Also, it sheds light on other trends that investors should watch out for in the crypto market. The performances of the cryptos listed below are stacked against defined metrics, and they had excellent ratings. However, conducting further research remains in the best interest of traders and investors as the volatility of the crypto industry is unpredictable.

Best Crypto to Buy Now

Besides investing in listed assets traded on the market, there are presale opportunities that hold immense potential in the future. This article reveals the details of the Launchpad XYZ presale. Read till the end to find out more about it.

1. Litecoin (LTC)

With its halving only a few days away, the Litecoin community has suddenly revved back to life. Several activities seem to pop up on social media in a bit to create momentum towards the halving event. However, the price of the token is largely unaffected by the swelling activities.

As of today, LTC trades at a price about 2% less than its price 24 hours ago. While that may appear negligible, it might have a lot of influence on the perception of the market about the future price of the coin.

Nonetheless, now might be the best time to buy in. LTC halving has a history of resulting in a price surge for the token. By August 2, miners’ block reward would drop by 50%, bringing the value to 6.25 LTC per new transaction block.

Consequently, the rate at which new LTC gets into the market would reduce. All things being equal, the asset price would increase to match existing demand.

Currently, the market sentiment towards Litecoin is turning more positive, and the declining price might swing into an uptrend a few days from now.

It is unclear how long the uptrend will last, but analysts believe it would break above $100. Some also predict it might exceed its recent Y2D high of $114. Be that as it may, LTC remains one of the best cryptos to buy now.

2. Bitcoin Cash (BCH)

Bitcoin and its forks are seeing slight improvement this new week. Its most popular fork, BCH, records an intraday price increase of about 5%. The sudden spike in price goes contrary to its established trend for the month. However, a price reversal was long overdue.

First, BCH gave signals of a change in trend towards the end of the past week. In the days trailing the weekend, BCH had an RSI (14) reading tilting towards the oversold range. Hence, the current price reversal is inevitable.

Also, BCH’s price of $235 at that time was much above its 200-day ema, signaling the possibility of an upper hand from the bulls. Not only that, but BCH also gave off impressive positive cues that positioned it as investors’ delight for the new week.

It ended the week with a price of $244, about a 5% increase over its price at the start of the week. Again, its performance outshined 90% of the top 100 cryptos in the market.

BCH’s price chart also indicates that its price may return to the $300 zone. It tested the resistance at these zones earlier this year but got rejected. With the trend and anticipation of a bull run across the crypto market, BCH would likely end Q3 with a price above $300.

Going forward, BCH might be the best crypto to buy now. Even though it encountered rejection at the $257 price, it’s likely the token found the breakout rally.

Data from its technical ratings indicate that all short-term moving averages are currently trending above the long-term EMA and SMA. Also, market sentiment remains bullish at press time. It means that BCH may end the new week with a price above its $300 resistance.

3. Polygon (MATIC)

Polygon may have regressed into a downward trend, but it still has some upsides that make it one of the best cryptos to buy now. For example, MATIC is one of the few penny tokens with high liquidity, based on its Market cap.

Similarly, it had over 16 green days in the month, thereby increasing its chance of having a profitable Q3. Despite its positive outlook, the price of MATIC slid into a decline after reaching a peak price of $1.4.

However, the declining price is not as bad as it may sound because it presents an opportunity for more investors to get in and scoop up some of the assets. The technical analysis of MATIC charts shows that the toke might soon swing into a reversal.

Its price action is tending towards the oversold with most of its oscillators and moving averages ringing the sell signal. The asset might witness further decline for a little longer before swinging into a reversal.

Ultimately, it might return to the $0.8 zone before the middle of the coming month before heading toward the $1 price.

However, MATIC might not find the needed rally to break upwards of $1.5 before the end of the quarter. However, if the Polygon platform can establish broader influence across the crypto industry, there is still room for more gains.

Meanwhile, investors and traders should tread carefully with MATIC due to its high volatility rating. It could swing between boom and bust on short notice.

4. Bitcoin (BTC)

Bitcoin might return to its $30,000 price in the coming weeks. However, there are no guarantees as the token trades relatively sideways. Its trend over the weekend shows that the token may have found support at the $29.1 price.

While defying the volatility of the crypto industry, BTC traded around $29.1 for about an hour and thirty minutes at some point during the weekend. This price action increases the chance of an upward swing in the coming weeks.

Furthermore, BTC RSI (14) currently records a value of 44. While it may be neutral for now, it leans towards the oversold region. Hence, the price might climb even further.

Also, expert reports show there is an increase in buying action from long-term Bitcoin holders. It turns out that holders tilt towards buying more BTC than selling. If this sentiment continues for the rest of the new week, BTC might be going back to its previous price.

In the same vein, it might be the beginning of a slow and steady rise toward new highs. Perhaps $34,000 – $35,000. Above all, Bitcoin is one of the best cryptos to buy now.

5. Launchpad XYZ (LPX)

Launch XYZ, steps up its presale with an increasing community across social media. The opportunity to be a part of LPX’s early investors is still open, and the new target is $1,550,000.

At press time, its presale funds have gone a little above $1.2 million. As soon as the project crosses the $1.55 million milestone, LPX price changes from $0.0445 to $0.046.

Ready to start your #Crypto journey? There's no better place than #LaunchpadXYZ!

From beginners to experts, our platform is designed for every kind of trader

Join the $LPX presale today 🚀
👉https://t.co/CrJA4Rk91H #Presale #Trading #AltCoins #Web3 pic.twitter.com/3tZR5htUN9

— Launchpad.xyz (@launchpadlpx) July 30, 2023

Ultimately, early Investors benefit from an array of bonuses. Also, they become a part of a growing community of active platform users, crypto traders, and other investors. While the community awaits the launch of the platform, there are also ongoing activities to participate in.

For example, the Launchpad XYZ community is running a crypto meme challenge. According to its official Twitter handle, Participants stand a chance of winning up to $100. It shows that Launchpad XYZ may not be just about investments and trading, there might also be moments to have fun and relax with people of like mind.

Not only that, Launchpad XYZ is designed to help traders and investors identify opportunities in cryptocurrency and Web 3. Holding LPX tokens guarantees access to a plethora of tools, which help with better decision-making and optimized investment strategies.

Visit Launchpad XYZ presale.