Best Crypto Assets To Buy on 20th July - ADA, XDC, LINK, XTZ, And MATIC

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Today’s global crypto market cap is 1.26 Trillion, a slight gain of 1.31% in 24 hours. Bitcoin remains with a dominance of 46.58%.

Its large dominance makes most altcoins correlate to its price. However, some altcoins have shown greater gains in the last 24 hours and exciting future potential. The best cryptocurrencies to buy today are also among the top gainers.

Depending on the market sentiment, these tokens can potentially reward investors in the short and long term.

Cardano (ADA)

Cardano is a platform that hopes to inspire global change, empowering change-makers, visionaries, and innovators.

It is a Proof-of-Stake (PoS) system that is open-source and hopes to redistribute power from unaccountable structures to individuals. Hopefully, this will create a transparent, fair, and secure society.

ADA is the utility token of this platform empowering users to make governance decisions. Also, Cardano developers ensure that all ideas undergo peer-viewed research and are challenged before they are validated.

Cardano is secured with the Ouroboros protocol, which improves security and saves energy. It is a blend of technology and mechanisms to achieve sustainable growth.

According to the developers, the next stage of development is the Voltaire era of Cardano, which will make the blockchains a self-sustaining system with its voting framework and treasury.

Network participants will use their stake and voting rights to control developments on the Cardano network. Also, some transaction fees will be reserved to fund developmental activities after voting.

ADA is trading at $0.3251 at 8:35 am EST with a 3.11 increase in its price in 24 hours. Also, its trading volume is up by 3671% in the same timeframe.

ADA Consolidates On Its Gains

ADA is in an uptrend today, forming a higher high on the chart. The second consecutive green candle today suggests that the bulls control the market. It trades above its 50-day Simple Moving Average (SMA), expressing a short-term bullish sentiment.

Also, its Relative Strength Index (RSI) value is 57.64 in the neutral zone between the oversold region of 30 and the overbought region of 70. The RSI is also moving upwards, confirming the bearish trend today.

ADA’s Moving Average Convergence/Divergence (MACD) is above its signal line, also a bullish sentiment. However, the Histogram bars are fading, indicating a reversal ahead.

ADA is trading below its 200-day SMA, a long-term bearish sentiment for the token. It will likely rally in the short term before a long-term retracement.

XDC Network (XDC)

XDC Network, formerly known as XinFin Network, is a hybrid blockchain platform that successfully combines the transparency of public blockchains with the speed and security of private networks.

It aims to provide quality financial services to its users. Its open-source software uses a delegated-Proof-of-Stake (XDPoS) consensus mechanism.

This mechanism facilitates fast transactions, cyber security, and interoperability. XDC Network can process 2000 transactions per second (TPS), and its smart contracts and EVM compatibility help its users to scale their projects easily.

This network is a layer-1 (L1) blockchain compatible with the global payment messaging standard (ISO 20022). Therefore, it is a convenient platform for developers and financial institutions to build applications.

Also, the platform hosts the XDCPay app, a web extension with support for several popular browsers. XDC hopes to solve problems earlier blockchain networks face, such as low network bandwidth, high fees, and poor user experience.

It enables the deployment of layer-2 (L2) digital assets through Origin and employs Sharding to make transactions faster. Its hybrid design enables it to interact with public and private blockchains to transmit transactions into the public network.

XDC Network’s delegated-Proof-of-Stake (dPoS) consensus mechanism, known as XinFin, is advanced and more secure than most algorithms.

It relies on the node mechanism to create blocks more efficiently. Also, the algorithm features a self-KYC and implements it on the network nodes.

XDC has gained over 11% on its price today, with a 136.21% spike in its trading volume in the last 24 hours. It is trading at $0.0397 at 9:17 am EST.

XDC Enters Bull Run

XDC is in an uptrend today, forming a fifth consecutive green candle with a higher high on the daily chart. It is trading in the upper region of the Donchian Channel (DC) and expressing a bullish sentiment.

The Stochastic Oscillator is reading 92.1 in the overbought region above 80. It displays a strong bullish sentiment and a buy signal. However, the fast RSI is dropping, indicating a possible retracement.

XDC’s MACD is above its signal line and also extremely bullish. The Histogram bars are green and at full strength, indicating massive buy pressure on the asset. XDC will likely hold onto its gains in the short term before a retracement for consolidation.

Chainlink (LINK)

Chainlink is a framework that supports the development of Decentralized Oracle Networks (DONs) that provide real-world data for blockchain networks.

It also enables the creation of smart contracts. DONs provide decentralized services such as Verifiable Randomness, Price Feeds, and Proof-of-Reserves.

It secures external information fed to on-chain smart contracts. Chainlink is incentivized with LINK, its native token for node payments and network collateral. Also, LINK serves for staking activities on the network and as collateral to back the Oracle services.

Smart contract networks that require access to live data feeds rely on Chainlink. Also, data providers use the network to monetize their datasets, selling the APIs to smart contract applications. It depends on a Proof-of-Stake (PoS) mechanism to secure its network.

LINK is trading at $8.19 at 9:38 am EST, with a 20.05% spike in its price in 24 hours. Also, its trading volume is up by 1123%, showing massive trading activity for the token today.

LINK Buyers Dominate Market

Digital Assets — Source: Tradingview.com

LINK trades in an uptrend, forming a Marubozu candle on the daily chart. This candlestick pattern indicates massive buy pressure and hints at further price increases for the token.

It is trading in the upper region of the Bollinger Bands, and the bands are loosening, confirming the bullish trend today. Also, LINK’s MACD is above its signal line, showing a bullish sentiment, also confirmed by its Histogram bars which are green today.

The Relative Strength Index (RSI) value is 73.26 in the overbought region above 70. It expresses a bullish signal and is still rising, confirming today’s buying sentiment.

LINK will likely continue on its uptrend till the bears return to limit its price gains.

Tezos (XTZ)

Tezos is a smart contract platform that promotes a community-based approach where XTZ token holders may delegate their voting rights to other participants on the network. XTZ uses a generic network shell that enables a blockchain’s different transactions and consensus protocols to be compatible.

Tezos Proof-of-Stake (PoS) consensus algorithm is a liquid-proof-of-stake algorithm. The staking process on Tezos is referred to as baking.

Bakers who deposit their tokens receive rewards for signing up and publishing blocks. However, a baker loses their deposits on account of bad behaviour.

The Baking process involves signing and publishing a new block in the Tezos blockchain. Bakers require a minimum of 6000 XTZ to qualify as a delegate.

When a new cycle begins (at 4096 blocks), the Bakers for each block are randomly selected and published. Bakers receive 20 XTZ for baking a block.

Also, 32 Endorsers are randomly selected to verify the last block baked. The Endorsers receive 1.25 XTZ for each block endorsed. However, the new upgrade will rename endorsement as attestations.

XTZ traded at $0.8932 at 10:08 EST. Its price gains in the last 24 hours are 7.06%, and its trading volume is up by 197.64%.

XTZ Forms Higher Highs On Daily Chart

XTZ is in an uptrend today, forming a second consecutive green candle on the daily chart. It is trading above its 50-day SMA expressing a short-term bullish sentiment.

Its RSI value is 59.14 in the neutral zone. However, the indicator is rising, confirming the bullish trend on the chart. XTZ’s MACD is above its signal line, a bullish sentiment for the token confirmed by the Histogram bars, which are green today.

It will likely continue its rally in the short-term, but the long-term outlook is bearish as it trades below its 200-day SMA.

Polygon (MATIC)

Polygon seeks to support the infrastructure and scaling of Ethereum. It relies on a core a component called the Polygon SDK that enables the creation of various applications.

Here, users build ZK rollup chains, optimistic rollup chains, and stand-alone chains. It also enhances Ethereum, making it a blockchain of the internet similar to Polkadot or Avalanche.

MATIC is the utility token of this network, vital to operations in its ecosystem. It serves for on-chain governance and security. Polygon’s main focus is tackling scalability issues across blockchains, promoting the adoption of cryptocurrencies.

It integrates the Plasma mechanism to operate scalable and autonomous smart contracts with its Proof-of-Stake (PoS) blockchain mechanism.

Polygon can process 65,000 transactions per second (tps) on a single blockchain. This significantly reduces block processing time to less than two seconds for confirmation.

Polygon hosts over 50 decentralized applications making it a hub of blockchain developmental activities. According to the Polygon Green Manifesto, the network remains committed to carbon neutrality.

MATIC is trading at $0.779 at 10:37 am EST. Its price gain in 24 hours is 6%, with a 589.44% increase in its trading volume.

MATIC Bulls Return After Downtrend

MATIC is in an uptrend today, forming a second consecutive green candle on the daily chart. It shook off bearish pressure on July 18 to rally again today as more traders move to long positions. It is trading in the upper region of the Donchian Channel (DC), expressing a bullish sentiment.

Also, its RSI value is 55.71 in the neutral zone, rising to the oversold region of 70. It also confirms that the bulls are in control of the market today.

Also, the MACD is above the signal line, confirming the bullish sentiment. However, the Histogram bars are fading, hinting at a possible reversal. It will likely retrace in the short term before the bulls continue their rally.

Wall Street Memes (WSM)

Wall Street Meme (WSM) is a memecoin project that hopes to reward its holders with seemingly worthless tokens.

It wages war against capitalist society and the monopoly of the big investors in the financial system. Small-scale traders can make investments at a low cost. Wall Street Meme is inspired by the GameStop Fiasco of 2021 and the enduring legacy of the Wall Street Bets Heroes.

It promotes the internet’s triumph over capitalism rooted in the belief that Greed is good, a popular saying by Gordon Gekko, a trader in the 80s. Gekko made wealth trading worthless stocks, and now Wall Street memes hope to replicate his success story.

Digital assets are gaining relevance with growing worldwide adoption. In some cases, they are preferred over the traditional financial systems that suffer inflation and battle recession.

Wall Street Memes relies on advanced blockchain technology for its decentralization, security, and transparency. It aims to graduate from mere tokenization to a financial system giving users access to exchange goods and services securely.

Top Features

Wall Street Meme (WSM) main features include:

Reliable Decentralized Finance (DeFi): Users control their $WSM tokens in a decentralized framework created by the platform. It implies that everyone in the ecosystem is a stakeholder with equal governance rights.
Growing community: The WSM community is growing, a sign of rising interest in the crypto community. It enjoys massive interest and rising followership, evident in its successful presale.
Blockchain Technology: Wall Street Meme rewards its users with blockchain using a secure framework. This makes it difficult for hackers to steal users’ assets.
Memecoin Activities: Users can participate in various activities within WSM’s ecosystem based on the number of tokens held.

These activities include meme posts, contests, and interactions with other users on their social media handles.

Presale Success

The Wall Street Memes $WSM presale is one of the most successful in 2023, with its success evident in the number of investors scrambling for the tokens.

The $WSM presale has exceeded $16.39 million, approaching its target of $16.7 million. 1 WSM token is worth $0.319, with a price increase to $0.0322 coming up in the next by the next stage.

How to Buy

Investors can choose their preferred method of purchasing Wall Street Memes tokens using USDT, ETH, BNB, or bank cards.

Visit the official website, click on Buy Now.
Transfer ETH or BNB to your wallet to initiate the $WSM swap.
Also, you can purchase the tokens with USDT, either ERC-20 or BEP-20. Select the USDT option and swap for a specified amount.
Click on the bank card option to access the $WSM presale page, buy directly from your bank, and purchase with your card.

Users have limited time to take advantage before the price increase occurs. Also, WSM offers early investors guaranteed paper rewards after its listing and subsequent trading in the open market.

Thug Life (THUG)

Thug Life is a crypto project born from a street movement promoting the hustling lifestyle and transporting it from the street to the crypto industry.

Its token $THUG shows the internet’s lifestyle of memes and fun activities, making users interested. It hopes to encourage investors who previously fell into crypto scams and Ponzi schemes to reward them with profit opportunities.

Thug Life features popular individuals that reflect the hip-hop lifestyle. It aims to promote humour, hip life, and the spirit of brotherhood.

Thug Life brings the cool way to the cryptocurrency marketplace, hoping to change the normal way of doing things with its unique roadmap.

Thug Life Targets Token Explosion

From the official website, the developers tip the project to achieve massive success based on its utility.

Thug Life promotes the importance of teamwork as a core foundation for success. Community power is the fuel destined to send $THUG viral based on the rich culture of brotherhood it stands for.

Key Features

Thug Life offers its users amazing benefits within its ecosystem.

1)Thug Lifestyle: Thug Life displays images of celebrities and influential persons on its official website. It features hip-hop icon rapper Snoop Dogg and others to back its beliefs.

These celebrities show that hip-hop is vital in the new revolution in the crypto industry backed by the Thug Life project. Ultimately, fans might transfer their love for the hip life of the project.

2)Transparency: Thug Life developers promote trust and transparency in their ecosystem with transactions open-source and backed by the blockchain.

3) Liquidity Pool: Thug Life stores its liquidity for 3 months keeping its long-term value in the crypto market. Also,70% of its total supply went to early investors during the presale round.

4)Strong community: Thug Life relies on its community to fulfil its dream and reward investors.

Purchasing Guide

You can purchase $THUG tokens with ETH or USDT in a crypto wallet.
Go to the Thug Life website or visit Dextools.io.
Choose a base currency to complete a buy order from the available options.
Input the desired amount for swapping with $THUG tokens.
Keep sufficient ETH to pay the ETH gas fee of 0.01 ETH.
Review the details to avoid errors.
Choose the “Buy Now” button to start the process.
Follow all instructions and connect your crypto wallet.
Sign the transaction by clicking the ‘Confirm’ button.

Follow the Thug Life community on the social media handles to be informed of its updates.

Now the presales are over, users can visit the official website, link their crypto wallet, and click CLAIM to receive $THUG tokens

Bulls Re-enter The Market Today

THUG has formed a large green candle on the 15-minute chart suggesting a short-term rally from the bulls. However, it trades below its 14-day and 21-day Moving Averages (MA), expressing a bearish sentiment. Also, its RSI value is 53.42 in the neutral zone, moving sideways as the bears and bulls battle for control.

THUG’s MACD is below its signal line, a bearish sentiment for the token. However, Histogram bars are fading from red, hinting at a possible recovery ahead. THUG will likely record price gains in the coming days if the bulls sustain their rally.

Burn Kenny ($KENNY)

Burn Kenney is a new crypto project currently making waves due to their strict tokenomics policy of controlling inflation through token burns.

It is a South Park-inspired project with a low hard cap presale of $500,000. Analysts forecast its Uniswap launch by Friday since its presale begins at 18:00 CET on Thursday, July 20.

Burn Kenny ($KENNY) hopes to ride on the success of meme coin projects such as Mr Hanky, PEPE, and SPONGE. Crypto enthusiasts eager to follow the meme coin trend might consider securing an investment before it sells out.

Its Uniswap listing is fast approaching and Burn Kenny ($KENNY) will likely succeed in its bid to dominate the crypto industry.

Burn Kenney’s Tokenomics

It integrates this burn mechanism designed to curb inflation, a key metric that will lead to the rise of $KENNY over time.

Furthermore, 30% of the total token supply is allocated for future token burns, showing the team’s proactive approach to increasing its value.

Also, to ensure trading liquidity, another 30% of the tokens are reserved for decentralized exchange (DEX) liquidity when it eventually goes live. Burn Kenney’s team remains committed to locking this liquidity, increasing investors’ confidence in the project.

Buyers Guide

Users can quickly take advantage of the presale to presale to share in the e 40% of the total supply available to investors.

At the end of the presale, $KENNY will list on a Decentralized Exchange (DEX), with trading options available to exchange users.

Link your wallet to the DEX.
Swap your crypto tokens for $KENNY.
Confirm the transaction and collect your $KENNY tokens.

Conclusion

This crypto guide offers users the best crypto assets to buy. These assets range from altcoins to memecoins and presale tokens granting users early access to make a profit.

However, investors must understand that there are no certainties in the crypto market, and the best predictive models hardly account for market volatility.

Therefore, users must combine proper risk management techniques with other proactive measures while trading, such as trailing stop-loss and a smaller lot size.

Overall, these crypto assets benefit greatly from improvements within their ecosystem.