Best Crypto to Buy Now August 25 - Uniswap, Filecoin, Uniswap

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

Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched daily on CEX and DEX platforms.

Crypto market data in the last 24 hours validate that yesterday’s uptrend was a bull trap. We saw a sudden change in the global market cap yesterday when the value spiked by over 1.5%.

However, what’s disturbing was that the pump in price had little effect on trading volume and the market’s overall sentiment.

Hence, it leaves one to wonder if the trend was a classic case of a bull trap. The outlook in the last 24 hours shows it was a bull trap.

Best Crypto to Buy Now

Global crypto market cap dropped by 1.67% in the last 24 hours, with a decrease of 12% in trading volume. The overall market sentiment continues to glide toward gross pessimism. While the market endures the pressure from the bear, fresh opportunities keep unfolding through crypto presales. LaunchpadXYZ presale is a valid example. The project recently unveiled a range of value propositions, including trading signals and learning opportunities. The article includes detailed highlights. In the meantime, below is a list of the best cryptos to buy now.

Global Crypto Market Cap Chart

1. Uniswap (UNI)

Is Uniswap worth its price right now? With over 3.90% shaving off UNI’s price in the last 24 hours, many wonder if it’s the right time to buy the token. Also, the fact that the asset’s price has been trending downward for the past 7 days brings more worries.

However, the trend is not localized to UNI, as the entire crypto market is battling bear pressures. Today’s data reveals that the global crypto market cap declined by about 1.67%.

UNI might see some recovery in the coming days, as seen in the activities around the network. Market data shows that Uniswap is quickly taking over the US spot trading leadership from Coinbase.

Q2 data shows that Uniswap traded over $110 billion, over $20 billion higher than Coinbase. The development marks the second time Uniswap outperformed Coinbase in 2023. It had a similar result in Q1, with Uniswap recording trade valued at $155 billion compared to Coinbase’s $145 billion volume.

Despite the performance of the Uniswap platform, the UNI token still faces struggles from the bears. Its price has seen an overall decline of about 10% in 2023, falling by 90% from its all-time high.

UNI’s price decline notwithstanding, the token still presents some potential that might soon influence the performance of the asset. In June, the platform announced that the work on the v4 of the platform is in progress.

Hot damn, TWAMM! 🔥

TWAMM, or Time Weighted Automatic Market Maker, offers better price execution on larger trades by splitting them into smaller transactions that execute over time.

See how you can build AMM features, like TWAMM, with Uniswap v4 hooks:https://t.co/jHaqbrWfAg pic.twitter.com/eibTiO40o8

— Uniswap Labs 🦄 (@Uniswap) August 24, 2023

Hence, it might be best to buy the deep and hold until the token reverses into an upswing. There are speculations that the release of the v4 will coincide with the Dencun upgrade of Ethereum. With that, there’s still time to observe the trend and see how it unfolds.

2. Filecoin (FIL)

Filecoin has lost over 26% of its value in the last 30 days. Sadly, the trend is not improving because FIL continues downward until this writing, losing about 3% in the last 24 hours.

Even though FIL is declining, the token has maintained relatively high liquidity, and the token’s trading volume is equally on the rise. With that, there might be some trace of quick recovery very soon.

Is Filecoin one of the best cryptos to buy now? Short-term trading strategy may benefit from the price swing that the token might see in the coming days. FIL is trading with its RSI value in the oversold range. It shows that the token is due for a rebound.

In the last 24 hours, it has recorded over 50% rise in trading volume, enough to trigger a quick recovery. The market might see the price of FIL returning fully to the uptrend in the coming weeks.

The only downside is that the uptrend might be short-lived due to the bearish outlook from its price and its long-term EMAs.

4. Bone ShibaSwap (BONE)

The relaunch of Shibarium seems to have given a twist to the native of the BONE. The token allows users of the Shiba Army to vote and carry out governance on the ShibaSwap DEX. The power a user wields during ShibaSwap voting is directly proportional to the number of BONE tokens they own.

The Shibarium is the attempt of the Shiba Inu ecosystem to have a pattern with higher transaction speed, lower fees, and improved utility. It provides a better platform for DApp development. Shibarium provides utility to the BONE token as it is the reward token for developers in the Shibarium network. That is why there was a spike in the price of BONE after the announcement. Investors are accumulating before the platform takes off fully.

BONE tops the gainers list on CoinMarketCap in the last 24 hours with over 15% increase in price. Similarly, the trading volume of the asset also increased significantly, with over 80% pump in the period.

Given the rise in the value and the prospect of Shibarium, BONE might be one of the viable bets in the industry at the moment. The fundamentals of the token reveal immense strength. The token’s performance puts it ahead of over 91% of the top cryptocurrencies, including Bitcoin and Ethereum.

GM #SHIBARMY ☀️ We’ve got a fresh update for you on our blog. https://t.co/PKBVls4oar

— Shib (@Shibtoken) August 22, 2023

Furthermore, BONE has recorded 17 green days in the last 30 days, making it one of the best-performing tokens in the bear market. Overall, the BONE can safely be described as one of the best cryptos to buy now.

3. Monero (XMR)

Will Monero finally break below the $135 -$136 support? The Bulls defended the zone when the SEC crisis broke out, and Monero has held that ground ever since.

Despite many instances of bear pressure on the crypto, the worst it has done is sideways price consolidation.

Yet, the recent bear market is currently taking its toll on crypto. XMR has been on the decline for the last 7 days. The price fell from $149 to $136, losing $13 in less than 48 hours.

Monero started showing signs of recovery yesterday, with its price rebounding as far up as $139. It’s continued the gains today with about a 1.5% increase in value over the last 24 hours.

The recovery timing coincides with the period when its RSI reading indicates that the token is currently oversold. Hence, it presents an opportunity to profit from the price reversal.

There are other upsides to the XMR token that might qualify it as one of the best tokens to buy now. Most importantly, the quality of XMR is its lesser volatility in the face of the market downturn.

For example, while the recent bear trend sent the price of many tokens spiraling down, XMR withstood and adjusted sideways instead. Thus, XMR outperforms over 60% of the best cryptos in the market.

Additionally, Monero’s stability is reinforced by lower inflation rates as the entire token supply is already in circulation. With the strong fundamentals, it might be safe to say XMR would be a good bet for short and medium-term strategies.

5. LaunchpadXYZ (LPX)

LaunchpadXYZ token LPX is currently on sale at a discount. The presale, which kicked off a few weeks ago, has reached over $1.4 million. As the project heads towards its launch, it has unveiled various offers to investors in addition to the LPX token.

The offer includes access to trading signals, newsletters, access to exclusive telegram channels, LaunchpadXYZ NFTs, and trading analytics. Above all, investors get $LPX based on the amount paid. At press time, LPX sells for $0.0445.

The offer investors enjoy is determined by the volume of LPX they buy, starting from $50 and going as high as $25,000. Also, early investors enjoy a 20% bonus for participating in the presale.

Ever felt tethered to your desk while trading #Crypto?

Experience on-the-go mobile trading without compromising on features or security with #LaunchpadXYZ 📲

Secure your spot NOW ⤵️https://t.co/6qHqqRBG7F
#LaunchpadKnows #Web3 #Crypto pic.twitter.com/Bo3Tm2UcN7

— Launchpad.xyz (@launchpadlpx) August 25, 2023

Besides the presale benefit, the platform offers robust training programs for Web3 and crypto investors and provides updates on Web3 and Crypto product launches.

Visit LaunchpadXYZ presale