Best Crypto to Buy Now August 7 - Algorand, yPredict, Cronos

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

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.

Moreover, the crypto market is starting the week in a fair mood, with some tokens posting impressive trends. But the global crypto market cap is still declining, with about 0.13% of its value shaved off in the last 24 hours.

However, the market is underperforming. Some assets are pushing their way through the gloom and posting impressive results. The tokens below are some of the more prominent ones.

Global Crypto Market Cap Chart

Best Crypto to Buy Now

Penny cryptos like Algorand may be printing short-term gains. However, their price in the future hangs on the balance. The downside of penny cryptos is that they are often at risk of getting dumped by holders with big bags. Investors should watch for presale coins recording exceptional progress. Each update of the best crypto to buy now features crypto presales. Hence, Ypredict is today’s featured presale crypto. Read till the end for more details.

1. Basic Attention Token (Bat)

The performance of Basic Attention Token (BAT) today is quite impressive. It has managed to shake off the bearish sentiment that’s trailed its asset for some weeks now.

The token is best known for facilitating value transfer in digital advertising. Platforms use the token to incentivize advert viewing and opt-in programs.

Today’s market data shows that BAT has amassed over a 4% increase in price and an 80% boost in its trading volume. With its 24-hour growth, BAT’s overall gain in the last 60 days would amount to over 25%.

Is BAT the best crypto to buy now? Evaluating the recent trend of the token shows that the token is one of the best to buy now for some reasons. Firstly, it’s neither oversold nor overbought.

Also, its short-term moving averages reveal that the market is accumulating BAT tokens. Hence the price would remain on the up trend in the meantime.

However, there are downsides that traders must bear in mind. The token might not be able to hold its upward trend for the long haul. For some reason, the market token might swing into bearings momentum as the long-term EMAs reveal sell signals.

Moreover, its weekly charts reveal only presents by signals on the 10-day ema. It could be unprofitable in the long run. Consequently, it’s best to watch the trend closely. As the week wore on, BAT would reveal its ultimate direction.

2. Dash (DASH)

Dash is the popular Litecoin fork best known for its contribution to privacy and the global payment system. It offers cheaper alternatives to BTC, ETH, or privacy assets like Monero.

Following its halving in May, the token went into a protracted decline. Surprisingly, its performance in the period went against the bulk of the prediction issued ahead of its halving.

Many have speculated a price pump, but it gave in to bear pressure and has lost; however, the token seems to hit a hard roof when its price reaches $43.

Recently, the bulls have been putting up a fierce price to push the price back up. At press time, the token had an intraday gain of 6%. In addition, its trading volume is up by nearly 60%.

The boost its recording today might be the first of many to come. Dash has taken a step further by launching the Maya Protocol.

The project is designed to support liquidity provision and Decentralized trading across the Dash network. A post shared with the Twitter community clarified that the Maya Protocol intends to bring DeFi to Dash.

#Dash is now live on the @Maya_Protocol! 🥳🎉🎉Liquidity provision is now open, with trading coming later this week.

Decentralized trading and liquidity comes to Dash, decentralized usable digital cash comes to Maya. 🤝

What this means and what's next 👇 pic.twitter.com/K9BAEFwURQ

— Digital Cash⚡💵 (@Dash_Community) July 27, 2023

And, from the trend across crypto, DeFi has been a significant contributor to a boost in the price of assets.

Thus, Dash would likely be able to sustain its gains in the meantime, especially when the DeFi integration finally reaches full speed. Investors should add the token to their watch list.

3. Cronos (CRO)

Cronos Chain is a layer 1 blockchain solution for payment, trading, and financial services. It is the brainchild of the popular Crypto.com. Since its inception in 2019, the platform has enjoyed wide adoption, contributing to the increasing value of its native token CRO.

At press time, the token is priced at CRO is priced at $0.058, with the bulls pushing for higher grounds. However, the pressure from the bears seems unbeatable, as the token has been unable to break above the $0.058 range after many trials.

What calls for attention, however, is that CRO has been experiencing intermittent spikes in trading volume since the end of last month.

Also, in the last 24 hours, the token has recorded over 25% rise in trading volume, contributing to the spike in its price.

While it might be too early to start accumulating Cronos, adding it to the watch list and seeing its price trend is best. Cronos’ price is grossly discounted, and investors might get a handful of returns if the token breaks into a bull run.

4. Algorand (ALGO)

Algorand’s gains reached 3% in the early hours of today. Its performance indicates that the token might perform much better within the week. At press time, its trading volume has seen a boost of over 80% and is still rising.

Despite being on the SEC list of securities, the token is still seeing a boost in performance. The recent spike in trading volume and price can be traced to the activities around the network.

Recently, the Algorand platform teamed up with FolksFinance and Tinymanorg in its adventure into the DeFi sector. It even incentivized the initiative by offering over 3000 proofs of Algo Fam (POAF) NFTs.

However, the incentive generated some tension within its community because some regions, including the US, didn’t participate in the incentive. Nonetheless, the move had a positive effect on the ALGO.

Before the weekend trend, ALGO was in bad shape. Its price was and is still trading much below its 200-day EMA. Also, its performance is way below the top-ranking assets in crypto. And it has lost over 68% of its value in the last 52 weeks.

We teamed up with @FolksFinance and @tinymanorg to welcome more DeFi users into the vibrant Algorand NFT community 🎨

The beautiful Proof of Algo Fam (POAF) NFT, created by @algo_hands, was offered to new users via @GoPlausible, as we aim to expand our Algorand NFT family. pic.twitter.com/b6obWcdXmR

— Algorand Foundation 🐍 (@AlgoFoundation) August 4, 2023

In context, Algorand is only ideal for short-term hedging. Buying for the long term could be slightly over-ambitious as long-term holders would continue putting pressure on the asset.

Consequently, the price would continue on its downward spiral. Is ALGO the best crypto to buy now? For short-term hedging, the answer is yes. Its current pump would last enough to make some short-term gains. Besides, the price of the asset is reasonably discounted at press time.

5. yPredict (YPRED)

yPredict is not relenting in its presale effort. The community and the team have performed excellently at the presale, with the funds climbing above $3.3 million.

Similarly, the project is gathering steam as it draws closer to its launch. The price of the yPredict native token, YPRED, remains discounted. However, it’s getting closer to the point where it’ll increase by 11%.

🚀📊 Empowering traders with comprehensive market analysis and AI-driven insights for informed crypto investment strategies. Trade smart with yPredict's predictive modeling and custom execution options. #YPRED #CryptoAI #SmartTrading https://t.co/xO9suqHbwF

— yPredict.ai (@yPredict_ai) August 7, 2023

The token is offered for $0.1 at the end of the current milestone; the token price would increase to $0.11. After that, it rises to $0.12, and the token is ready for sale.

Regarding utility, yPredict leverages the predictive AI model to provide solutions to traders and investors in the financial market, especially crypto. Its model has been tested in several use cases and delivered exceptionally well. While the crypto AI sector might be ahead of its time, getting in early is the way to enjoy the benefit of being a first mover.

Besides the sector benefit of getting into crypto AI, yPredict pledges several advantages to its investors. The first is the platform utility itself. Investors get to enjoy platform-based solution, which ranges from analytics to chart patterns and other AI-powered solutions.

With The token, the cost becomes negligible. Furthermore, investors benefit from the capital gains the token amasses as the platform utility expands.

Other benefits come with getting on board the yPredict platform; the details are provided on its presale page.

Visit yPredict Presale.