Best Crypto to Buy Now August 19 - Quant, Hedera, yPredict

Join Our Telegram channel to stay up to date on breaking news coverage

We cover some contenders for the best cryptocurrency to buy right now, potentially worth adding to your watchlist over the coming days.

The cryptocurrency downturn is easing up, but Bitcoin is yet to find the support it needs to fight back. In the early hours of today, the giant crypto found itself in another 2% price dip, bringing its price below the $26k range.

With the declining price of cryptocurrencies across the market, what are the best cryptocurrencies to buy now?

The past 48 hours have been one of the darkest in the cryptocurrency industry this year, with the global cryptocurrency market cap declining to as low as $1.05T. That’s one of the lowest values it has seen this year.

Best Crypto to Buy Now

Sadly, the bearish condition in the market still rages on, with some major cryptocurrencies losing the bulk of their Y2D gains. However, the fall of some assets paved the way for others to demonstrate their strengths. A few cryptocurrencies have been able to brave the downturn, and today’s article seeks to find out how they did it. Also, it includes presale offers that might provide a new addition to investors’ portfolios.

Global Crypto Market Cap Chart

1. Stellar (XLM)

XML is back on the uptrend after experiencing a week-long downturn. Today’s data reveals that the token saw a price increase of over 4%, despite the overall decline in the crypto market. The trend further strengthened the gains it had yesterday.

Furthermore, data from its technical analysis of XLM reveals that the asset can hold its uptrend for most of the coming week as its price still trends above its long-term moving averages. Consequently, the bullish sentiment is building up.

While the sell signal is strong in the short term, XLM RSI (14) shows that a reversal is imminent as its reading tends towards oversold.

Similarly, activities around the Stellar network strongly show that XLM may soon record a spike in demand, making it one of the best cryptos to buy now.

1/ Today, we’re excited to share the open-source release of the Stellar Disbursement Platform.

From paying gig workers anywhere in the world to delivering digital aid, anyone can power global payments using digital assets with this publicly available, bulk disbursements tool.

— Stellar (@StellarOrg) August 16, 2023

The platform recently improved its disbursement platform, allowing payment in over 180 countries. The move received an excited welcome from the Twitter community, and it will likely open a new frontier for the platform and its cryptocurrency.

Additionally, Stellar Foundation recently invested in the global payment provider MoneyGram. The move is intended to strengthen the participation of the Stellar platform in the global payment space.

Stellar’s impressive strides position the token for explosive future performance, and it might be one of the best cryptos to add to the investment watch list, especially as the uncertainties in the crypto market deepen.

2. Hedera (HBAR)

Hedera made headlines across social media this week. The trend started when the news broke that the Federal Reserve listed one of its dApps as a payment provider. Earlier in the week, Hedera shared that FedNow had adopted Dropp as a payment platform.

The days trailing the news saw the token’s price rising. While the move may not be the sole trigger behind the uptrend, it contributed towards boosting investors’ confidence in the asset.

Furthermore, Hedera is one of the most reputable platforms in the crypto industry, with companies like IBM and Google forming a part of its Governing Council.

Generally, Hedera (HBAR) is one of the best cryptos to buy now, owing to its impressive resilience in the face of bearish market conditions.

The token sits close to the top of the gainers’ list in the last 24 hours with a price increase of over 15%. Following along with the price pump is also its trading volume.

The platform saw improving trading activities in trading volume in the last seven days, even though it shifted widely between highs and lows. Moreover, in the last 24 hours, HBAR trading volume increased by over 40%.

On the contrary, there might be some reason to worry about the long-term prospect of HBAR. Primarily, the circulating supply of the token is less than 30% of its total supply.

Therefore, HBAR might experience a price decline in the future due to dilution. Investors should consider these when researching the token.

3. THORChain (RUNE)

THORChain has been one of the most talked about cryptocurrencies since the start of the bear market on Thursday. Before the market declined, RUNE had been on a strongly bullish trend, resulting in over 50% increase in value in the last seven days.

Hence, the bear market had minimal effect on the token as it continued its upward trend. RUNE recorded a price pump of 11% in the early hours of today, making it one of the biggest gainers despite the bear pressure ravaging the crypto market.

Likewise, it saw a pump in trading volume. Its trading volume is up by almost 70% at press time compared to its value 24 hours ago. The sudden pump in RUNE’s value started with increased activities on Streaming Swaps.

The Stream Swap platform allows for faster swap activities by allowing users more control over the time function of the transactions. During the week, the Stream Swap platform saw the highest transaction volume of the year, bringing the token’s value up by nearly 40%.

Overall, RUNE is ending the week on a positive note. It has spent the last seven days in the green, and its current price is above its long-term moving averages. Also, from its circulating supply, the RUNE has a market cap of $475,443,407. Consequently, the token has sufficient liquidity to make it an attractive crypto investment.

Streaming Swaps allows better price execution for users.
Lending increases the demand on $RUNE thereby scaling the network. https://t.co/LlH7AGWC2P

— THORChain (@THORChain) August 14, 2023

Notwithstanding, there are some downsides to bear in mind. The chief is the high volatility of the token. RUNE has higher volatility than most cryptocurrencies. Also, the token tends towards the oversold range with an RSI of 73. It might result in a sudden decline in price in the coming weeks.

4. Quant (QNT)

Quant has been on a sideway trend since the middle of June. The bulls have tried on several occasions to push the price above the $105 market, but resistance from the bears has been intense at that range.

In the last 24 hours, QNT saw a price boost of about 3% after Thursday’s bearish market forced the asset price down to $98. The resilience in the face of an overall decline in the market shows that QNT might be one of the best cryptos to buy now.

Data from its chart shows that QNT is primed for some impressive movement. Its current trend shows that QNT has stayed in the oversold range for quite a long time and may maintain its uptrend for a little longer.

Furthermore, its price movement outperforms most of the tokens on the market, placing it in the top 40 percentile.

However, a few factors that might threaten the performance of QNT in the future include its liquidity. QNT currently has lower liquidity than most altcoins. Investors might be wary of the toke for the few further declines in liquidity.

Besides, QNT trades at a lower price than its long-term moving averages. With that, the token might face a price decline in the coming months. Hence, the investors should rather approach the asset with a short-term view.

5. yPredict (YPRED)

yPredict has followed the LSTM prediction model test it performed earlier this week with yet another test.

In the previous test, the platform used the LSTM Artificial Intelligence model to predict the price movement of ETH in the coming years.

Excited to share our latest article delving into Ethereum price prediction using the ARIMA model! 📊🚀 Discover how we harness the power of ARIMA's statistical insights to navigate the dynamic world of cryptocurrency forecasting. Uncover the patterns, analyze the trends, and gain… pic.twitter.com/c02q3DVw21

— yPredict.ai (@yPredict_ai) August 18, 2023

Again, the platform just released a fresh report on a recent test it conducted using another model, the ARIMA Artificial Intelligence model. Similarly, the model’s goal is to predict the future price of the ETH token. The overall performance of the AI has been impressive, and the report shares elaborate details.

In the meantime, YPRED, the native token yPredict platform, is still on presale. Investors are already pilling into the waitlist, but there is still room for more.

YPRED maintains its precision at $0.1 at press time as it continues towards the $4.58 million milestone.

The benefits accrued to the yPredict platform go beyond tokenomics. Its utility allows beginners, advanced investors, and traders to optimise their decision-making.

The current price of the token is a discounted price set to inflate as soon as the token

crosses the next milestone. The best way to take advantage of the offer is to get in while it lasts.

Visit yPredict presale.