Best Crypto to Buy Now August 31 - The Graph, Conflux, IOTA

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‘What is the best crypto to buy right now?’ is a common question investors ask – we explore a range of tokens to watch in this article.

The thrill from the Grayscale legal victory is gradually dying, and reversal trends are currently visible across the charts of many cryptocurrencies.

At press time, data from CoinMarketCap shows that the global crypto market cap is down by 0.59%, with a value of $1.09T. Similarly, the trading volume has decreased by over 48%, amounting to $28.73B.

Also, the Fear/Greed index has dropped from 42 to 40 in the last 24 hours, which shows that the euphoria that came with the Grayscale news is finally fading.

Best Crypto to Buy Now

In the meantime, what are the best cryptos to buy now? The list below spotlights the top-ranking assets on the crypto market today, providing the details of their performance in the last 24 hours. More importantly, it features the LaunchpadXYZ presale, an opportunity for investors to tap into an emerging tech in cryptocurrency.

Global Crypto Market Cap Chart

LaunchpadXYZ is an innovative platform that offers investors a plethora of value. Its offering cuts are not limited to capital gains through its token. It also provides utility to investors during and after its presale. Today’s post delves into the details of the asset. Read to the end to find out more.

1. The Graph (GRT)

The Graph is popularly referred to as the Google of blockchain. Its price has been fluctuating lately, making it difficult to predict the trend of the asset. However, recent price actions and activities across its network show that the token might be ready to settle for an uptrend.

A few days ago, the Graph announced the release of the L2 transfer tools. The initiative is intended to make it easier to transfer indexing operations, curation signals, delegated GRT, & subgraphs. Also, the information on the Graph’s official blog explains that the L2 transfer solution aims to provide a viable solution to the growing gas fee of the layer one blockchain.

The move may have been the source of the recent pump in the asset’s price as the token saw an increase of over 3% today, and the trading volume has also risen by a few percent. Furthermore, GRT technical indicators back up the claims that it might be one of the best cryptos to buy now.

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— The Graph (@graphprotocol) August 28, 2023

An example is the 10-day moving average reading of 0.0912, below its current price. Similarly, GRT’s MACD reading stands at −0.0040 on the daily chart, which indicates a short-term bullish momentum. GRT exhibited a slight uptrend today, and we might see more of that during the week as the trend unfolds.

In the meantime, investors can add the token to their watchlist and conduct further research before deciding.

2. Mantle (MNT)

Mantle is currently on a trend reversal after spending several weeks on the downtrend. For the past six days, the asset’s price has steadily risen at an average rate of about 2% daily. In the last 24 hours, MNT had a 3% price pump, providing the momentum to break above the $0.44 barrier.

Hence, is MNT one of the best cryptos to buy now? The increasing price of MNT indicates a growing interest in the token. While MNT is still relatively new, its fundamentals are pretty impressive. The token came to the limelight when BitDAO migrated the BIT token to MNT at a ratio of 1:1. Since the migration, activities across the Mantle network have increased dramatically, resulting in the growing value of the asset.

However, keeping an eye on the rejection zone is essential as the asset price gets closer to the $0.5 range. The past trend of the token shows that the bears have the upper hand at that price range. The technical data on the asset are not enough to provide factual information about the prospect of the asset.

Nonetheless, judging from the current activities across the network and the track record of BitDAO, MNT is a token to watch. On the other hand, there’s a need to keep in mind that MNT has limited liquidity, which may rattle the stability of the token. Apart from this flaw, MNT is rising, and investors should watch it closely.

3. Conflux (CFX)

Conflux opened the day with a bullish trend that increased the asset’s price by about 2%. At press time, the price of CFX is $0.1308, a few cents down from its $0.1915 month-high.

Despite the price decline, CFX is showing signs of a potential bullish trend, identifying it as one of the best cryptos to buy now. There’s been a surge in activities across the network.

According to Tradeview technical rating indicators, CFX’s price is bullish on the 10-day SMA. It accounts for the sudden spike in the price of the asset today. Similarly, its MACD reading indicates a bullish signal with a value of −0.01226993.

Additionally, CFX just crossed the $0.12 resistance ozone. Hence, it can maintain an uptrend until the end of the second quarter. Another upside that makes CFX one of the best cryptos to buy now is its improving fundamentals and performance Y2D.

CFX’s performance is still ahead of 93% of the top-performing cryptocurrencies. Also, the token has retained 153% of its gains in the last 52 weeks despite three incredibly bearish trends in the crypto market.

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— Conflux Network Official (@Conflux_Network) August 25, 2023

Again, CFX trends in the past 30 days have recorded 15 green days, indicating growing interest in the asset.

Conversely, CFX also posts downsides that may threaten the uptrend of the asset altogether. Its present price lags the 200-day moving average. Hence, the bears may have an upper hand as CFX gains ground.

4. IOTA (MIOTA)

MIOTA is currently giving an impressive price performance, increasing over 2% in the last 24 hours. Today’s trend brought the MIOTA’s total gain in the past seven days to over 8%. At its current pace, the likelihood of the token testing the $0.2 zone before the end of the quarter is quite high. However, is MIOTA one of the best cryptos to buy now?

The IOTA project is a distributed ledger with slight deviations from the blockchain fundamentals. It leverages the node methodology to confirm transactions. Hence, it referred to its network as Tangle.

The innovative approach is said to increase transaction speed and zero gas fees. Furthermore, IOTA has bypassed the need for miners since there is no block validation, proof-of-work, or proof-of-stake. The platform hopes to leverage the proliferation of IoT devices to achieve its network effect.

From the technical analysis of its trend, the token offers a short-term opportunity as its 10-day moving averages are currently bullish. Similarly, most of its oscillators are neutral, while MACD and momentum (10) remain bullish. Overall, investors can research the short-term opportunity of MIOTA. Meanwhile, the tokens boast high liquidity based on their current market cap.

5. LaunchpadXYZ (LPX)

LaunchpadXYZ has covered additional grounds with over $1.5 million raised. It’s getting more interesting by the day as the project moves closer to its full debut. However, while investors wait to enjoy the full benefits of LaunchpadXYZ, there are many opportunities to tap into. However, the offers are tiered according to the investors’ commitment.

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— Launchpad.xyz (@launchpadlpx) August 30, 2023

The first tier starts at $50, granting investors access to the platform’s newsletters and additional benefits. The highest tier is the $25000+ plan, which comes with loads of opportunities, including weekly market summary email, VIP Telegram channel access, five minimum LPQ validated trades per week, special investor updates, unlimited access on platform launch, exclusive private community, VIP AMA with founder, exclusive ALPHA only insight and a lot more.

All tiers enjoy LPX token allocation that’s valued based on the amount invested. Currently, LPX costs 0.0445 $USDT, a discounted price. Investors can still take advantage of the opportunity while it lasts. Above all, investors who get in early can still enjoy the ongoing 19% bonus.

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