Best Crypto to Buy Now August 1 - Trust Wallet Token, yPredict, Stacks

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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 impact of the exploit on Curve Finance is still to bite hard. Its effects resonate with crucial cryptocurrencies in the mainstream DeFi sector, especially liquidity pool projects. These categories of crypto assets are beginning to see a sharp price decline.

Compound, which has led the gainers in the sector for some weeks now, has declined by over 20% in the last 24 hours. The same goes for Aave and Synthtix. Even the MKR token, which recorded massive gains over the weekend, is battling rejection around the $1200 mark.

Notwithstanding the trend, what are the best cryptocurrencies to buy now? Today’s article reviews some of the best cryptos to buy now: mostly viable alternatives to the DeFi sector.

Global Crypto Market Cap Chart

Although, the quest for further will rest in the arms of investors and traders. The details presented in the article contain an overview of each asset based on its performance at press time. Also, each token featured below is reviewed against standard fundamental and technical analysis within that period.

Best Crypto to Buy Now

No one knows how long it will take for normalcy to return to the DeFi sector. The bulk of the information flying around is speculative. In the meantime, DeFi investors should keep a close eye on the price actions and employ a well throughout risk management approach.

Again, now might be a time to stand down and reflect on other possibilities in the crypto industry. Investing in crypto presales could be a worthy alternative. The update below shares details of a promising crypto presale. Read till the end to discover further information.

1. Trust Wallet Token (TWT)

TWT is back on the uptrend with an attempt to break above the $0.95 rejection zone. That would be its second time this year. The first was the upward trend in June after the heat of the SEC saga.

Before the period, TWT traded at prices above $1. But, since the 24th of June, the token has been on a downward trend that forced its price below the $0.85 mark.

On the other hand, the platform has invested efforts toward boosting its utility. An example is the recent integration of Solana staking.

TWT might be the crypto to watch as the bulls fight to retain the token’s value. Since the turn of the new week, there’s been a price action on the TWT charts that shows it might be able to break above its resistance.

Data from its chart reveals that TWT had 12 green days in the last 30 days. Thus, the token may perform better in the third quarter than in the previous 2. Furthermore, its current price trades above its 200-day moving average.

Even though the price difference might trigger the sell action from a crop of holders, its trading volume indicates growing confidence in the token. TWT trading volume increased by almost 160% in the last 24 hours alone. Ultimately, it might be enough to buffer the exit of a crop of holders.

#Solana staking is live on the #TrustWalletExtension! 💜💙

Seamlessly stake your $SOL in just a few simple steps.

Here’s how👇 pic.twitter.com/mPGERrIeo6

— Trust Wallet (@TrustWallet) July 28, 2023

There’re other downsides to the price action of the TWT token currently, but its recent trend shows that it might be one of the best cryptos to buy now.

2. Stacks (STX)

The price of STX has been on a declining trend since the third month of the year. However, the trend might be about to improve as the token saw a boost in price over the last 24 hours.

Besides the price increase, there’s also been an intense pump in the token’s trading volume. While the pump may not directly influence its price, it shows less likelihood of a massive dump as the price trend upwards.

Even though it’s been a rough year for STX, its performance this month may present an opportunity for short-term gains. As of today, the Stacks increased by about 5% in price.

The increase could propel Stacks into maintaining an upwards trend much longer than. It can break above its $0.61 resistance if its counties accumulate gains. What it means is that the token is headed for the $0.7 region.

However, the STX bulls need more than wishful thinking to get this result. There’s a need to strengthen the momentum building up around the asset to maximize the resulting gains.

Nonetheless, STX is not well an ideal token for a long-term strategy. Its current price is largely below its 200-day moving averages, which might result in future resistance. Therefore, STX might be the best crypto to buy now, only for a short-term trade.

3. SUI (SUI)

Is SUI one of the best cryptos to buy now? SUI is a lesser-known and recently launched crypto project already making its way through the ranks. The SUI project is best known for creating a horizontal scaling capability in its blockchain innovation that helps solve the problem of speed and gas fees.

As the project continues increasing adoption, its token performance also responds accordingly. SUI token saw a positive price movement today with about a 3% increase in price.

The uniqueness of the price action is that it might be the first of a protracted upward trend. The price of SUI has been on a decline since mid-May. However, it began consolidating in about the last days of June, and the market has hoped for a recovery since then.

From its RSI reading, the token tends toward the oversold range. Thus, the sudden change in the direction of its price will likely take a while to subside.

Furthermore, there are noticeable changes in the trading volume of the asset, which also signifies growing confidence in SUI. The downside, however, is that SUI is relatively new and might still have some hurdles to climb. It’s best to take a short-term approach with the asset as it might come with immense volatility and instability.

4. Bitcoin Gold (BTG)

The pump wave that started with Bitcoin over the weekend spreads across major Bitcoin forks. Over the weekend, the price of Bitcoin gave cues of recovery. The trend was entirely novel, which made most investors think the giant coin was back on an upward trend.

The brief shift in price action gave some bitcoins forks the pump we’ve seen this week. Even though crypto analysts believe the pump is a bull trap, it still reveals what might happen if the Bitcoin rally takes shape.

In the last 24 hours, the price of BTG saw a pump of about 10%. It even saw a momentary spike that took its price above $21. Its gains are coming after BSV and BCH have each recorded significant price movement.

The most crucial fact to remember about BTG is that it will unlikely hold its gains for long. Overall, the token underperforms against most metrics. Despite the price pump, its trading volume continues to decline.

While trading volume might not tell much about the value of an asset, it can describe the confidence the marketplaces in the token. Also, BTG liquidity has been on a declining trend.

Therefore, it is best to swing at the token while it pumps. Also, investors can buy and hold until the next bull rally hits the Bitcoin chain. To cap it up, BTG may be the best crypto to buy now, but it’s best to approach the token with immense caution due to high volatility.

5. yPredict (YPRED)

Stage 7 of the yPredict presale is gliding toward the end. Hence, the token price is about to increase by 11.11%. So far, investors have committed $3,274,013 to the project. Ultimately, it gradually became one of the most successful presales around today.

The project’s appeal comes from its unique approach to solving problems bordering on crypto investments and trading.

🌟🚀Unveiling yPredict (YPRED) – the ultimate AI-powered platform! 🤖📊

📈 Market sentiment analysis
📉 Chart pattern recognition
📈 Advanced technical indicators
📢 AI-driven buy/sell signals

That's not all! 💼🔗 An AI-backed backlink estimator for SEO pros & Alt_Pump_001,… pic.twitter.com/FdGDyMWYvV

— yPredict.ai (@yPredict_ai) July 26, 2023

With the promise of an AI-based solution, it’s easy to understand that yPredict will find utility in the growing crypto industry. It accounts for the warm welcome that the project receives from the community of crypto investors.

The presale will end as soon as the price reaches $0.12. It’s only a few more stages to go. Investors can still get on board to take advantage of the dual benefit.

The first benefit comes from using the AI platform as a YPRED holder. The second benefit comes from the robust tokenomics offered by the project. Details of the YPRED token are available on the presale page.

Visit yPredict presale.