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Each day, we review some picks for the best cryptos to buy now based on the latest market movements, blockchain news and trending narratives.
The overall outlook across the cryptocurrency market remains indifferent, with a Fear/Greed index of 35 and a global market cap of $1.04 trillion. Trading volume remains relatively the same, and the price of bitcoin continues on its sideways trends. In the face of the protracted crypto winter, what are the best cryptos to buy now?
Degen investors thought they’d seen it all with Pepecoin, but several other memecoins flooded the crypto market with varying degrees of success. The thrilling part of the movement is that many investors became instant millionaires at the peak of the memecoin season. And many of the memecoins projects have evolved into revolutionary platforms with more robust utility.
Best Crypto to Buy Now
Recent trends in the crypto market suggest that we may be approaching another memecoin season. The top-performing crypto assets recently have been predominantly memecoins, especially among the new arrivals. Bad Idea AI is an example of a new arrival currently making waves. Thus, today’s article features the speedy memecoin Sonik Coin, a novel crypto project with impressive presale performance. The details of the coin are included below.
1. Conflux (CFX)
Conflux continues to return to the uptrend today after its recorded over 2% increase in price. The increase resulted from a sudden pump in the trading volume of assets. The trading volume of CFX is up by nearly 168% in the last 24 hours. The trading volume pump is primarily fueled by the upcoming hard fork and the Binance decision to support the hard fork.
The decision to hard fork Conflux was posted on the official Twitter handle of the platform earlier in August, and the date was slated for the 7th of September. Hence, as the day draws closer, activities across the network have increased, resulting in the rising trading volume.
However, the Conflux hard fork is not intended to create new tokens but to ensure more efficient functions across the Conflux network. A few upgrades with the hard fork include refactoring the EVM code for improved readability. Also, performance issues would be resolved through the hard fork. Overall, the asset’s price may record intense movement in the days following the upgrade.
Apart from CFX fundamentals, the token also posts some robust technical data indicating a potential boost in value. Despite the growing visibility and pumping trading volume, the RSI of the token is currently oversold.
Hence, a sustained price pump is imminent. As the token continues its stride as one of the best cryptocurrencies to buy now, it’s best to watch for its trends, mainly how it performs after the hard fork.
2. Bad Idea AI (BAD)
Bad Idea AI has brought a fresh memecoin rally into the crypto industry. The token has been on the uptrend since its inception a few months ago and has carved a niche for itself as one of the best upcoming cryptos to buy now. More importantly, as BAD is set to go live on MEXC on the 5th of September, investors can expect to see more spike in its value.
Generally, Bad Idea AI is described as a decentralized experiment that hopes to build a robust community of memecoin lovers through Blockchain technology, AI tech and DAOs.
While the concept of Bad Idea AI is not so novel, the activities within its network have generated immense visibility for the token. Today, BAD has recorded over 17% increase in price and over 150% trading volume.
Overall, BAD has recorded an 1880% increase in price since its arrival on the market, and it’s on its way to becoming one of the best-performing memecoins this quarter. The new memecoin might become another millionaire maker with increasing liquidity and a growing market cap.
Hence, it’s best to keep a close eye on its trend. More interestingly, the technical analysis of BAD, as seen in Tradingview technical indicator ratings, reveals that the token trend across a basket of oscillators remains neutral.
Its RSI, for example, is around 45, which is considerably neutral. Also, its 10-day SMA tilts in the bullish range, signaling that the token can hold onto its uptrend much longer.
3. WAGMI Games (WAGMIGAMES)
WAGMIGAMES is rising with a price increase of over 14% in the last 24 hours. Following the return of the token from its protracted decline early in July, its price has been on the rise consistently. Overall, the price increase in the last 60 has surpassed.
Fundamentally, WAGMI Games describes itself as the pioneering mobile gaming franchise aiming at creating a bridge between the traditional gaming experience and the Web3 platforms. The developers are working to ensure that the platform games fit the taste of game lovers worldwide.
Furthermore, the WAGMI team’s decision to establish strong ties with Opensea resulted in massive visibility for the platform, resulting in a sudden spike in the asset’s value.
We are excited to announce that WAGMI Games is now exclusively partnered with @opensea! 🔥
With our Founder's Mint right around the corner, we are proud to call the fine folks at OpenSea our friends. 🤝
Learn more ⬇️ pic.twitter.com/lqdGNFIFBh
— WAGMI Games (@WagmiGameCo) August 30, 2023
The trends of the token position it as one of the best cryptos to buy now, especially for investors considering the gaming sector. With the continuous decline of assets like the Anxie Infinity, newer alternatives provide opportunities to hedge investment bets and benefit from the uptrend.
Nonetheless, some downsides may influence the asset’s price in the future. The liquidity of WAGMIGAMES is on the low side, making it a risky bet for long-term strategy. Also, its RSI is nearing the overbought zone, and the price may soon experience a decline. Hence, there’s a need to conduct further research before deciding on the asset.
4. Polygon (MATIC)
Is Polygon the best crypto to buy now? Polygon has been on an impressive trend all day, with a price increase of over 3% in the last 24 hours. Likewise, the trading volume of MATIC has been on the rise, reaching about 30% more than it recorded 24 hours ago. The sudden improvement in Polygon’s trends has finally provided the support it needs to prevent its protracted fall. At the time of writing, MATIC is making consolidation moves with visible sideways trends on its chart.
Data from the technical analysis of MATIC reveals that the token is currently poised for a bullish trend with a neutral RSI reading and a bullish signal from its 10-day and 20-day ema readings. Hence, it may present an opportunity for traders to make short-term moves.
However, hodlers may have to wait a bit for its price reversal because the asset’s current price is trending below its long-term moving average. With that, the asset’s price is bound to fall before the end of the quarter. Hodlers have a chance of buying the dip at the point in anticipation of the price pump of Q4.
MATIC downside that investors may need to keep in mind includes its volatility, which has a 9% rating. Overall, the Polygon platform boasts impressive fundamentals with growing use cases and innovation across the platform. With that, traders and hodlers can benefit immensely from the performance of its asset.
5. Sonik Coin (SONIK)
The Sonik Coin presale ends in a few hours, and the discounted offer will be permanently off the table. Thus, investors who want to join the trend will wait to fill their bags when the coin finally goes live on exchanges. Hence, they can expect to buy the token at a higher price.
For the next few hours, memecoin enthusiasts can join the SONIK train before it takes off. The price is $0.000014, and the goal is to reach a hundred-million-dollar market cap within a twinkle of an eye. With that, investors coming on board need to prepare their minds for an intense adventure.
So far, investors have committed over $1.5 million to the vision and the community is ultimately primed for the journey ahead. For a concise window, investors can get on board before the presale finally shuts down and become a part of the SONIK vision.
Information about the SONIK presale and other project details is available on its Twitter handle and presale page.
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