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The crypto market is poised for an upward trend, with BTC reaching the $61,000 mark. Altcoins like Bitget Token and Arbitrum demonstrate significant growth potential, contributing to the broader market recovery. Additionally, altcoins in the gaming sector are entering strong buying zones, which is attracting investor interest. Given the potential for BTC to rapidly reach $70,000 and catalyze a broader recovery in the altcoin market, investors are actively seeking the best crypto to buy now.
Best Crypto to Buy Now
Recently, ARB’s price has demonstrated resilience, holding steady above $0.55, increasing by 1.31% intraday. Meanwhile, PLAY is approaching the end of its presale, having already raised over $6 million. The presale is scheduled to conclude on August 26. In another development, Sui Network has formed a partnership with Yield Games. This collaboration is focused on advancing the growth of blockchain-based gaming.
1. Arbitrum (ARB)
Arbitrum enhances speed, scalability, and cost-efficiency. It achieves this through optimistic rollups, which help offload much of the computational and storage tasks from the Ethereum mainnet. This allows for higher throughput and lower transaction fees.
Arbitrum’s core technology, optimistic rollups, is a unique feature that differentiates it from other Ethereum scaling solutions. Unlike some approaches, optimistic rollups assume transactions are valid by default, with verification occurring only when necessary. This method reduces the computational burden on the network, making transactions faster and cheaper while benefiting from Ethereum’s robust security features.
The platform has an active ecosystem that includes decentralized applications, wallets, tools, and various partners, positioning it as a major token in the Ethereum scaling landscape. With a market cap of $1.99 billion, Arbitrum currently ranks as the 45th largest cryptocurrency.
Recently, Arbitrum’s price has shown resilience, maintaining its value above $0.55. Over the past 24 hours, the price has increased by 1.31%, gaining approximately 4.48% over the past week. These movements suggest growing interest from investors. Furthermore, predictions indicate a potential significant price increase soon.
2. Render (RENDER)
Coinbase recently introduced perpetual futures contracts for Render, Saga, and Threshold. This development on the International Exchange and Coinbase Advanced platforms has seemingly increased investor confidence, as shown by the positive price movements of these tokens.
Render has also announced support for native Cinema 4D (C4D) files. This update is significant for 3D artists using C4D, as the new C4D Wizard plugin, based on Python, allows users to efficiently check their project files before submitting them to the Render Network for distributed rendering.
This integration is designed to streamline the workflow for C4D users, making the platform more accessible and user-friendly. Following Coinbase’s announcement, RENDER’s price surged to an intra-week high of $5.06 before returning to a 24-hour low of $4.57.
Big news for Cinema 4D artists using the Render Network! Your rendering process will be streamlined like never before with @rendernetwork now supporting native C4D files. 🫡
Download the Render Network Wizard (compatible with all C4D versions from 2022 onwards) that provides a…
— The Render Network (@rendernetwork) August 15, 2024
Nevertheless, the token saw a significant increase, trading at $5.19 at press time, reflecting a 4.28% rise over the last day and a 14.10% increase over the week. Furthermore, the market capitalization and 24-hour trading volume rose 8% and 137%, respectively, reaching $1.95 billion and $64.65 million.
Render is currently trading near its cycle high and maintains high liquidity based on its market capitalization. Meanwhile, the 14-day Relative Strength Index (RSI)is 42.66, indicating that the token is in a neutral zone and may experience an uptrend. These developments and upward trends place RENDER among the best crypto to buy now.
3. Bitget Token (BGB)
Bitget Token has gained traction within the crypto community. As the native token of the Bitget exchange, BGB serves multiple functions within the platform. It offers users benefits like reduced trading fees, access to exclusive features, and a role in platform governance.
These utilities contribute to its appeal, particularly during bearish market trends. The value and utility of BGB are closely tied to the success of the Bitget exchange. As the decentralized finance sector grows, the platform’s performance influences the demand for tokens like BGB.
Furthermore, the platform has been expanding its user base globally, which could sustain or increase the demand for BGB, even during a market decline. Meanwhile, BGB records an intraday price increase of about 1.59%, trading at $1.00, with trading volume up by 9.41% to $28 million.
Moreover, analysts are cautiously optimistic about BGB despite the broader market downturn. Given the token’s role within the Bitget ecosystem and the exchange’s growth trajectory, it has the potential for future value appreciation. Based on the current Coincodex’s forecast for Render Token, its price is expected to increase by 3.71%, potentially reaching $ 1.012376 by September.
4. PlayDoge (PLAY)
PlayDoge, currently in its presale phase, has attracted considerable attention within the crypto community. The PLAY presale is a multi-stage event where the token price increases incrementally by $0.000001 at each stage, benefiting early investors. With over $6 million raised so far, the project is nearing the conclusion of its presale, which is set to end on August 26.
The project’s appeal lies in its unique integration of digital assets into a Tamagotchi-style game. Unlike many play-to-earn (P2E) games, PlayDoge emphasizes the utility of its PLAY tokens within the game itself. Players earn tokens by caring for virtual pets, providing an engaging experience and a financial incentive.
🚨 Important Announcement 🚨
PlayDoge’s highly anticipated #Presale ends on Monday, August 26th at 10am UTC! ⏳
Buy $PLAY in final stages now! 💰
👉 https://t.co/JT0VEofqf2 pic.twitter.com/aWQCHxox0H— PlayDoge (@PlayDogeGame) August 16, 2024
This approach differs from games, which primarily focus on cashing out earnings. Instead, PlayDoge encourages players to reinvest their tokens into in-game items, fostering continuous engagement.
The PlayDoge team has decided to conclude the fundraising earlier than planned due to rapid progress in developing their mobile P2E game. This decision has led to speculation about an earlier-than-expected game launch.
As the presale nears its end, the community eagerly awaits the announcement of the token claim date, which will likely follow shortly after the presale’s conclusion. With few days remaining, the current pricing of PLAY tokens may still present an opportunity for those considering an investment before the token becomes publicly tradable.
5. Sui (SUI)
Sui Foundation and gumi Inc., a well-known Japanese mobile content developer, have recently announced a strategic partnership. This collaboration focuses on developing “Brave Frontier Versus,” a sequel to the popular Brave Frontier series. The game will be developed on the Sui Network under the Web3 project OSHI3 by gumi.
Brave Frontier Versus will combine traditional gaming elements with blockchain technology to enhance gameplay. The Sui Foundation and gC Games, a gumi Inc. subsidiary, will co-fund this title’s development. Additionally, the Oshi Token (OSHI) will partially transition from the Polygon network to the Sui blockchain. This move highlights Sui’s growing influence within the blockchain gaming ecosystem.
In another significant development, Sui Network has partnered with Yield Games. This collaboration aims to promote the growth of blockchain-backed gaming. Sui’s efficient blockchain technology, which includes rapid transaction speeds, a user-friendly experience, and scalable infrastructure, underpins these efforts.
The partnership will officially launch during Korea Blockchain Week. The Sui Zone will serve as a central hub for enthusiasts and gamers interested in exploring the future of Web3 gaming.
🤝Welcome to Sui, @gumi_oshi3_en!
We can't wait to play the new @bfvs_en 🎮 https://t.co/afWqgZPuRe
— Sui (@SuiNetwork) August 21, 2024
In terms of performance, the Sui Network has recorded impressive metrics. This year, it handled 2.14 billion transactions, surpassing major networks like Tron, Polygon, and Ethereum. Moreover, Sui processes 297,000 transactions per second, making it six times faster than Solana.
Meanwhile, the network also demonstrated significant activity in decentralized exchange (DEX) volume, recording 50 times the volume of Aptos within the first year of its mainnet launch. These figures underscore Sui’s capacity to support high levels of on-chain activity. At press time, the Sui Network’s native token, SUI, is trading at approximately $0.9132, marking a 7.15% increase over the last 24 hours.
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