Best Crypto to Buy Now August 27 - Uniswap, IOTA, Cardano

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‘Best crypto to buy now‘ is one of the most searched cryptocurrency-related terms on Google, and InsideBitcoins lists some options daily.

Nearly two weeks after the bearish condition hit the cryptocurrency market. Asset prices have been moving back and forth, fluctuating between highs and lows.

Sadly, the cryptocurrency industry, especially the DeFi sector, might be headed for darker nights as the US government introduces new regulations in digital asset reporting.

Best Crypto to Buy Now

With the unveiling of the new regulation, the nightmare of a regulated crypto sector is gradually becoming real. The new rule requires DEX and CEX to provide the IRS with a report of cryptocurrency transactions carried out by individuals. With that, the government can track the tax reporting of everyone involved in the crypto industry.

Global Crypto Market Cap Chart

In the meantime, what are the best cryptocurrencies to buy? Below is a quick list of the best-performing cryptocurrencies today. The list includes a special mention of the Wall Street Memes, which is currently on its path to being listed on multiple tier 1 exchanges. Find out the details below.

1. Uniswap (UNI)

Uniswap is one of the cryptocurrencies that set the pace in the DeFi sector. The asset’s price has fallen dramatically due to the crypto market bear market that started in mid-August. The token saw a price decline that drained over 27% of its value.

However, there’s been an improvement in the performance of the UNI. For over 48 hours now, the token has been on the rising trend, with about a 2.5% increase in price. Will UNI become the best crypto to buy now?

Today, the price of Uniswap recorded another increase of over 2%. At that pace, it might recover its lost ground before the end of the week.

Furthermore, Uniswap fundamentals validate the claims that it might be one of the best cryptos to buy now. Its RSI value is deep in the oversold range with a value of 30. Likewise, its high liquidity makes it a viable investment in the current bear market. On top of that, UNI still prints one of the lowest yearly inflation values on the market.

On the flip side, there are technical indicators that might negate the potential of the UNI token. For example, its sentiment tracker reveals that there might be a bearish outlook for the token in the future.

Similarly, the long-term moving average of UNI indicates a mounting bearish sentiment. The combined effect might cause a reversal when UNI returns to the $6 range.

2. Toncoin (TON)

TON is one of the emerging crypto platforms with quite impressive performance, especially in this Quarter. Cryptocurrency has been upbeat this period with impressive trends.

While the market battled the effect of downtrends for most of the year, the token has pulled itself out of the negative price trend.

In the last 24 hours, the price of TON received a boost of about 3%, bringing the value closer to its $1.5 resistance zone. Hence, that would be the third time TON is testing the $1.5 resistance this Quarter.

TON fundamentals at press time give it the edge it needs to break above the price zone. The liquidity of the token is impressive. Also, it is gathering visibility on social platforms due to growing activities across the network. Also, there’s been increasing use cases and partnerships across the platform.

On the other hand, Telegram, the parent company of the TON foundation, is on the rise with an impressive initiative in gaming and app development. The moves may open up new frontiers for the TON token.

Also, there are initiatives from the TON Foundation. The Believers’ Fund is a good example. All this combines to provide strong fundamentals to increase investors’ confidence in the asset.

Nonetheless, there are huddles in the technical analysis of the token that could derail its growth in the future.

Important message to the #TON Community.

Recently, enthusiasts from our community have proposed the TON Believers Fund (TBF) – a special smart contract that incentivizes miners to lock their Toncoin for a period of 5 years.

Several notable projects have already supported the… pic.twitter.com/cwDyPSlF3B

— TON 💎 (@ton_blockchain) August 17, 2023

TON would have to battle with the bears as its price increases. Its long-term moving average has been much above its current price, which means more pressure from the bears if it breaks above the resistance.

Overall, as the platform forays into Gamefi and DeFi, there’ll be a chance to scale further, affecting the demand for its token. TON is one of the best cryptos to buy now. Investors should take the time to research the token further.

3. IOTA (MIOTA)

IOTA took an unusual turn today when it sat at the top of the gainers list, with gains of over 4% in the last 24 hours. What makes the trend unique is the fact that it’s coming amid a market downturn.

The trend of MIOTA often trends downwards at the slightest pressure from the bears due to its high volatility. Hence, it should maintain a sideways trend as the crypto market recovers from the bear trend.

However, there’s been a pump of over 150% in its trading volume in the last 24 hours. What’s responsible for the increased trading volume of MIOTA, and is MIOTA the best crypto to buy now?

Insight from IOTA technical provides some revealing details. Frailty, the short-term moving averages indicate bullish sentiment with values below its current price.

Similarly, its RSI indicates that the token will soon swing into a price reversal as its value tends toward the oversold range. With that, IOTA might be one of the best cryptos for investors looking for a short-term swing.

On the flip side, however, the token might confront intense pressure from the bears. Its current price is still below its long-term moving average, indicating that the bears would sweep in as soon as the price rises. With that, it might face intense rejection as it climbs toward the $0.2 range.

4. Cardano (ADA)

Hoskinson, the founder of Cardno, continues his push for the cryptocurrency’s visibility. In a recent statement, he promised the crypto community that the 7th biggest cryptocurrency is here to stay. The declaration made many ask if ADA is one of the best cryptos to buy now.

The performance of ADA this Quarter has been below par. Its price is down by nearly 60%, putting it far behind in performance compared to the top 100 cryptocurrencies. While the fundamentals of Cardano remain strong, its performance across various technical indicators could be more impressive.

Firstly, the trends of its moving averages show bearish signals across its short and long-term indicators. However, data from its oscillators indicates neutral sentiment. Hence, there’s a high probability that long-term holders are waiting for overall changes in the market before making a decision.

However, its RSI paints a ray of hope, with a value of about 38, indicating a potential reversal. The reversal is already evident, with the token printing over 2% gains in the last 24 hours.

Despite the bearish sentiments, it might be the best time to buy the dip as the token’s fundamentals position it to catch the windfall as the market recovers.

5. Wall Street Memes (WSM)

In another 30 days, the crypto industry would welcome one of the biggest degen cryptocurrencies.

WSM earned its reputation after it raised over $25 million within a few months of its presale offering.

The platform’s goal is to assemble the next generation of degan investors and empower them to take a stand against the established norms of institutional investors. Wall Street Memes believes in using the power of a community to drive mutual prosperity. And the WSM is on a mission to establish its beliefs.

Winning the lottery isn't what it used to be pic.twitter.com/bol27KXZe7

— Wall Street Memes (@wallstmemes) August 26, 2023

Thus, the platform leverages blockchain technology to provide an avenue where users can engage, have fun and invest in the WSM token, which is the native token of the platform.

The invitation to invest and participate is still open, and the price remains discounted at $0.0337. Within 30 days, the platform would go live on tier 1 exchanges. Savvy investors understand that the launch will be an opportunity to win big.

The initial rally will give early investors the returns they deserve. That’s why over 260 thousand fans are already piled up on the platform’s Twitter handle, and many more are on other social media outlets.

The project’s presale page covers the details of WSM tokenomics and the other benefits of investing early.

Visit Wall Street Memes presale.