Best Crypto to Buy Now August 14 - Hedera, Render, Casper

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Crypto traders are always on the hunt for the best cryptocurrencies to buy on any given day – we list some high-potential coins in this post. The market preference throughout most of last week favored memecoins, with Shiba Inu and Pepe setting the pace.

However, the new week brought a new wave of interest in utility tokens.

Nonetheless, the top-performing cryptos today feature a range of tokens from different categories. The only uniqueness in today’s trend is the dominance of utility assets, as seen on the CoinMarketCap gainers list.

Global Crypto Market Cap Chart

Best Crypto to Buy Now

Likewise, presale tokens are also performing at their best. It’s thrilling to watch new blockchain projects work towards resolving age-long problems in our environments.

Moreover, it’s even more interesting to know that these projects work to solve problems profitably. Below is a quick highlight of the Chimpzee project and how it’s deploying an innovative approach to social entrepreneurship.

1. Render (RNDR)

Render is back at the $1.73 resistance zone; the only concern is whether the token would find the rally it needs to break through. The trends of RNDR show that it often gets rejected at this price point.

RNDR could only break above this range recently when the market saw that the platform might be incorporated into the Apple VR device. Ultimately, it swung into decline when the expectations were not fulfilled.

However, recent price action on its charts revealed that the token might be set for a fresh round of uptrend.

Render has generally been upbeat recently, with many factors showing that the token is one of the best cryptos to buy now. A good example is the price movement.

In the last 24 hours, the token had recorded a boost of over 5% in price and an increase of about 127% in its trading volume.

Similarly, RNDR’s performance today puts the token ahead of over 93% of top-ranking cryptos. Its market cap is also rising, with a 5% increase in the last 24 hours. With that, it could pull through the resistance ahead.

However, some other downsides cast shadows on the chance of RNDR printing explosive gains. A key downside is that the token has recorded more red days than green in the last 30 days. Also, its 100-day moving average is considerably higher than its cruelty price.

t means the token is at risk of a pullback before the end of the week. Even Though these facts appear discouraging, RNDR remains one of the best cryptos to buy now, based on its long-term prospects.

2. Hedera (HBAR)

The Hedera ecosystem has seen a significant increase in use cases. The success of projects like the Calaxy has generated some social engagement for the token.

Generally, a surge in social engagement often leads to improvement in the performance of an asset.

Besides the Calaxy project, the Hedera community also got another exciting moment when another project in the ecosystem made it into the Federal Reserve service provider list.

A post shared on its official Twitter handle reveals that one of the apps in its ecosystem, Dropp, which deals in USD, USDC, and HBAR, has been included in the list of services provided on the FedNow services.

Many have identified the news as one of the biggest influencers of the pump recorded in the price of HBAR.

In the last 24 hours, HBAR recorded a 600% increase in trading volume and a nearly 15% increase in price. The sudden pump goes in stark contrast to its performance over the month.

The sudden pump in the asset’s price has translated into an improved market cap, which now exceeds $2 billion.

Consequently, the token will become more appealing to investors, owing to the higher liquidity and the seeming endorsement from the Federal Reserve. HBAR might be one of the best cryptos to buy now.

🚨BREAKING NEWS🚨

THE FEDERAL RESERVE HAS JUST ADDED $HBAR ENABLED PLATFORM @droppcc TO THEIR LIST OF SERVICE PROVIDERS.

DROPP DEALS IN USD, #USDC AND #HBAR

Congratulations to the DROPP Team!!! pic.twitter.com/OcqCFPMJh5

— Generation Infinity (@GenfinityIO) August 13, 2023

Nonetheless, HBAR may come with some downsides that investors should note. Firstly, its RSI tends to be in the oversold range with a value of 68. It might result in a pullback before the end of the week.

Therefore, it’s best to watch closely and identify the ultimate direction of the token before making a decision.

However, Investors can also buy and hold. The trend shows potential for explosive gains in the future.

3. Casper (CSPR)

Is Casper dead? While the price of Casper may have fallen dramatically over the years, the token is not outrightly dead. It is one of the best cryptos to buy now.

Casper has been trading relatively sideways for most of the month. However, the token market may have finally decided it’s time to move the token in an upwards trend.

In the last 24 hours, the token increased about 3% to put the price at $0.039. In addition to the pumping price of the asset, it has also recorded an increase of about 40% in the trading volume.

With its current momentum, CSPR can pull its price out of the red and climb above its 200-day moving average.

However, the bears might be ready to take profit and force the price back down before the weekend. Nonetheless, CSPR is one of the best cryptos to watch right now.

4. Maker (MKR)

The maker has spent most of the past 60 days in the green, with its price rising from $628 to $1266. That’s about 100% gains in the said period. Also, what distinguishes the MKR pump is the fact that it started when the market was mostly down.

At the peak of the trend, MKR price reached as far up as $1338, the highest it has recorded this year. Today, the token has returned to its uptrend after it faced rejection at the $1300 price range.

In the last 24 hours, the token recorded gains of up to 3%, which might still amass more gains before the end of the day. Its trading volume is rising, with over 30% gains in the last 24 hours.

Moreover, factors pointing to MKR’s exceptional performance include its current price, above the value of its 200-day EMA, which signals that the token can hold the bulk of its gains a little longer.

Furthermore, the MKR is one of the tokens that have had positive returns in the last 52 weeks, and it’s currently outperforming over 83% of the tokens on the market. With its upside and impressive liquidity based on its growing market cap, MKR may be one of the best cryptos to buy now.

But the token has its downsides as well. As of the time of compiling the review, the RSI 14 of MKR is already headed for the oversold range, with a value of 61. Consequently, there might be a drop in the value of MKR in the coming days. It’s best to note that when making decisions.

5. Chimpzee (CHMPZ)

Chimpzee might be the long-awaited solution to the world’s environmental degradation problem. The project launched its presale a few weeks back, and due to its impressive performance, it has attracted the attention of investors.

Besides raising a community of investors for its CHMPZ token, it has also orchestrated several humanitarian efforts toward saving the environment and endangered animals.

Similarly, the team behind the project is making moves through partnerships that show they’re committed to resolving environmental problems. At press time, the presale funds had exceeded $1.17 million. The next target is set for $1.8 million. The turnout and engagement have been impressive.

Also, the presale is still open, and the team invites more investors to come on board. The price is set to $0.00085. But that price is only open for the next four days. After that, it will increase by a few percent. Interested investors can take advantage of the discounted price while it lasts.

The goal is to keep the presale running until the price of CHMPZ crosses the listing price of $0.00185. After that, it goes on exchanges, and the opportunity to buy at a discount closes.

Join the #Chimpzee Challenge🔥Burning 10B tokens reducing the supply to under 50B!

⚡️ #Chimpzee will burn 1B tokens per 200K milestone!

🚀Boosting the value of $CHMPZ #Tokens!

Act fast! Buy $CHMPZ before the current bonus ends at the end of Stage 9!⏰https://t.co/Geog3EVuMC pic.twitter.com/PPcCWWsMPO

— Official Chimpzee Project (@RealChimpzee) August 14, 2023

Besides the discounted price, another benefit of getting in now is that the platform offers a hundred percent bonus and other benefits.

Is CHMPZ the best crypto to buy now? Investors who are conscious about the environment may find no other project that beats the team and the community behind the project.

Visit Chimpzee Presale.