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5 Best Crypto NFT Platforms On Cheap Prices To Buy – June 2021 Week 3

NFTs Will Explode In Popularity According To New Report
NFTs Will Explode In Popularity According To New Report

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Finding the best crypto NFT platforms is no mean feat, given the many launches by projects seeking to capture some of the value in this fast-moving and popular sector of crypto. The non-fungible token (NFT) craze took the main highlights of the cryptocurrency market and industry in the first and second quarters of 2021.

New ecosystems have erupted amid the spike in NFT prices. NFT is simply a form of art or other form of property underpinned by blockchain technology, ensuring that ownership belongs to only one person. According to attorney Nelson Rosario, a founding partner at Smolinski Rosario Law:

An NFT is not that different from any other crypto purchase in that you are buying control over information in an entry in a ledger.

As the sector roared into immense success, NFT blockchain platforms sprouted, ensuring ease of transaction and a vibrant marketplace. Some of these platforms include Decentraland (MANA), Chiliz (CHZ), Theta Network (THETA), Enjin Coin (ENJ), and Origin Protocol (OGN).

All these platforms present early adopters with an opportunity to support a relatively new sector of the cryptocurrency industry. Moreover, these tokens offer cheap prices compared to older crypto assets such as Bitcoin, Ethereum, Binance Coin, and Ripple.

Here’s our latest list of the best crypto NFT platforms to buy right now

1. Buy Decentraland (MANA)

Decentraland stands out among its peers for its affordable price, currently trading at $0.7. Its ecosystem focuses on the users who make up the virtual world. Some of the things users can do include creating scenes, artworks, social games, and applications.

Owning MANA also allows users to vote on proposed policy updates and participate in LAND auctions and gain access to different subsidies.

Buying MANA at these cheap prices will allow users to gain the most, especially with the crypto market currently in recession. Note that Decentralized hit an all-time high of $1.6 on May 7 and may rally even further as the token gains ground the larger cryptocurrency market.

It is worth mentioning that the four-hour chart has a short-term bullish outlook based on the MACD. As the technical tool crosses above the zero line, MANA will likely resume the uptrend.

MANA/USD 12-hour chart

MANA/USD price chart
MANA/USD price chart by Tradingview

2. Buy Chiliz (CHZ)

Chiliz (CHZ) is a blockchain platform built to support products and services tailored for mainstream consumers. The network’s primary focus is providing sports and entertainment entities with avenues to monetize and engage their users.

At the time of writing, Chiliz is trading at $0.33, following an impressive recovery from the support established at $0.165. The token has just been added as a trading instrument on Coinbase Pro, exposing it to millions of users.

Buying Chiliz at this price, especially as crypto assets gasp for air in the wake of the crash in May, promises remarkable long-term rewards. In addition to having real-world use cases, the NFT craze is still at its initial stages. Therefore, more development is expected to bolster tokens in this sector to new all-time highs.

In the meantime, the short-term outlook is bullish according to the SuperTrend indicator’s buy signal. A break above the immediate hurdle at the 200 SMA could trigger massive buy orders, which may push Chiliz price toward $1.

CHZ/USD 12-hour hour chart

CHZ/USD price chart
CHZ/USD price chart by Tradingview

3. Buy Theta Network (THETA)

Theta Network (THETA) is an NFT platform that also provides users with the latest technology in video streaming. The network uses cases have within a short time expanded to support NFT hosting. Moreover, the platform has another token referred to as Theta Fuel (TFUEL), specifically designed to support decentralized video streaming services.

According to CoinGecko, Theta Network is the leading NFT token with $9 billion in market capitalization. Over the last 24 hours, THETA has gained 6.6% to trade at $9.35. Moreover, it attracted a 24-hour trading volume of nearly $322 million across exchanges.

Note that Theta is trading at $9 after recovering from the dip to $3.7 in May. The token has hit an all-time high of $16 in May. As bulls work on recovery, delays are foreseen at $10, but investors should expect another breakout to the all-time high once this hurdle is out of the way.

The next bull cycle in the crypto market may elevate Theta Network to new record highs, considering it’s a relatively new token.

THETA/USD 4-hour chart

THETA/USD price chart
THETA/USD price chart by Tradingview

4. Buy Enjin Coin (ENJ)

Enjin Coin (ENJ) is a blockchain platform developed for individuals, businesses, and brands to utilize NFT tokens of the future. Its next-generation blockchain is scalable, decentralized, and, most importantly, cross-chain. With ENJ, NFT tokens are accessible to everyone globally.

At the time of writing, Enjin Coin price teeters at $1.2. The downtrend from May saw the token plummet from highs of $4 to lows of $0.76. However, recovery came into the picture, with bulls taking back control to $2.

Meanwhile, Enjin Coin price dodders at $1.41 while seeking support at the 50 MA on the four-hour chart. If this level does not hold, we expect the token to retest the buyer congestion at $1.1 before taking another jab at the upswing to $4.

Despite the drop in value, many analysis platforms such as WalletInvestor foresee the price rallying to $3.2 by the end of 2021 and hit highs above $10 in the next five years.

ENJ/USD 4-hour chart

ENJ/USD price chart
ENJ/USD price chart by Tradingview

5. Origin Protocol (OGN)

Origin Protocol (OGN) is one of the most remarkable developments in the NFT world. This platform has found a way to integrate NFTs and the decentralized finance (Defi), two exciting and innovative sectors of the cryptocurrency industry.

According to the official company website, “Origin has hosted record-breaking NFT sales for top musicians, celebrities and creators,” mainly due to the freedom users have like controlling their experience.

With the launch of Origin dollar, users can earn yield by simply holding the stablecoin in their wallets.

Following a massive rally to an all-time high of $3.5 in April, Origin price dived to $0.55. The selloff was not unique to OGN but affected most crypto assets. Recovery ensued to $1.44, but bulls appear to have lost steam.

OGN/USD 4-hour chart

OGN/USD price chart
OGN/USD price chart by Tradingview

At the time of writing, Origin price teeters at $0.93 as bulls battle the obstacle at $1.1. Note that these cheap prices allow investors to speculate on Origin price, especially for the next bull cycle. Therefore, buying Origin could be a get way to impressive returns in the future.

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