Best Crypto to Buy Now July 11 - Conflux, yPredict, Polygon

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With the SEC still at the heels of Ripple 931 days after it filed the suit, the crypto community is beginning to wonder if this is a move by the SEC to police the crypto industry. Others believe that the shake-down is influenced by the bigger institutions who want in on the Cryptocurrency revolution. Nonetheless, what might be the best crypto to buy now? The review below spotlights some of them, revealing their performance over time and suggesting what might be their price actions in the following periods. However, in the meantime let’s glance at the overall performance of the crypto market today.

Bitcoin continues to dominate the crypto market with a dominant rating of 49.89%. However, its price is yet to see a decisive change in any direction. Global crypto market cap is up by a few decimals today with a value of $1.18T and an increase of 0.92%. The crypto trading volume is also encouraging with an increase of 35% in the last 24 hours, bringing the value to 32.62 billion. DeFi daily trading volume has not seen a significant leap. It still constitutes 6.59% of crypto trading volume in the last 24 hours.

Global Crypto Market Cap Chart

The Best Crypto to Buy Now

Most assets reviewed in today’s best crypto to buy now update has been trading sideways for the last 30 days. There is a stalemate between the bulls and the bears. While the battle rages on in the market, investors are turning their faces toward promising token presales. For example, the yPredict presale recently crossed $2.8 million in its funding efforts. Its performance caught the attention of investors and it resulted in a growing rave across social media. More on this in the article.

1. BNB (BNB)

BNB has traded sideways for most of this year with a few spikes and bursts in between. In the last 7 days, BNB seems to have finally decided on an upward trend as it jumped from $232 to $247 in three days. However, the resistance at the $248 region seems too strong as the coin has been trading around that price for a few days now.

It has rallied higher a few times only to receive a pushback down. In the last 24 hours, BNB retested the $248 price point but the bear seems to send it back to $247. As the battle intensifies, there is a likelihood that the asset breaks out in the coming days. Once this happens, BNB might gradually trend upward toward the $250 range.

However, there are no signs that the coin would rally aggressively owing to the news, trends, and the legal tussle bedeviling the parent company of the asset. Public confidence in BNB currently hangs in the balance and it is gravely affecting the perceived long-term value of the asset.

The only upside is that it is grossly underpriced at the moment and shows intense potential for price movement. With the news emanating from the XPR suit, there might be some hope for the BNB too. Investors should keep an eye on the BNB as it unfolds. BNB might be one the best cryptos to buy now for medium-term strategies.

2. Render Token (RNDR)

RNDR has also been trading sideways since the last month of the 2nd quarter. It embarked on price consultation after facing resistance at the $2.7 region. RNDR has since traded below the $2.0 price point. What’s interesting is the intensity it’s putting into recovery over the last 7 days. Over that period, RNDR has repeatedly tried to break into the $2.0 region but continued to face rejection.

At its current pace, the price of the RNDR might break into the region by the close of the month. What’s more is that there is some resistance between the $2.0 region and the $2.7 region, which means that investors can see a token rally if RNDR finally breaks into the $2 region.

The progress of RNDR is not limited to its price movement. RNDR trading volume has also gone up significantly over the same period. It recorded 18% gains in volume in the last 24 hours alone. With the momentum building up around the asset, RNDR might be the best crypto to buy now. Hover, the outlook in the AI sector of the crypto industry seems undecided yet. Therefore, investors should conduct further research before deciding on RNDR.

3. Polygon (MATIC)

MATIC is up by 10% in the last 24 hours. The gains are coinciding with an over 96% rise in the trading volume of Polygon in the same period. What’s fueling the sudden rise in the price of MATIC? Like every other crypto asset, Polygon faced intense pressure from the bears in the last 7 days. However, what’s unique about MATIC is that like most assets, it traded sideways rather than downwards.

The resilience of the asset comes from the growing use cases and partnerships it has established in the last 30 days. More projects keep showing up across the Polygon network. Analysts are speculating that the price of MATIC might reach new highs in the coming months. While no one can determine what the top of the gains would be, the trend shows that Polygon is on a protracted increase that might continue till the end of the third quarter.

A peek at the chat pattern and data from the Polygon chart shows that the asset has immense potential in the coming months. For example, its moving averages remain within the range of 0.68 and 0.73, indicating bullish signals in the short run. Also, it has an RSI (14) reading of 59, which indicates a neutral sentiment as the asset is neither overbought nor oversold.

In the meantime, the price of MATIC might keep rising progressively until it reaches the $0.94 resistance. Until then, now might be the best time to hop on board.

4. Conflux (CFX)

Following the SEC crackdown in June, Conflux has faced a declining price action that’s continued to the early days of this month. Despite being a China-based crypto project, the price of CFX dropped $0.31 to $0.17 as a result of the crisis. CFX has attempted recovery a few times after the plunge, only to face intense resistance at the $0.24 to $0.25 price region.

CFX has seen a new price action recently. The asset has traded relatively sideways in the last 7 days, spending most of the days around the $0.18 price. On a few occasions within those days, it attempted to break through the resistance, but the bear seems to have a stronger influence on the market.

With the ongoing development in the Conflux market and the news emerging from China, it’s likely Conflux experienced an intense recovery in the last half of the year. A typical case is the recent partnerships the asset has formed with other networks in the crypto industry.

Introducing the ‘dForce Conflux Boost’ to unlock DeFi on Conflux eSpace! 👏

Starting this Friday, for the following eight weeks, dForce will dedicate 70,000 $DF tokens each week to incentivize lending & borrowing acitivities @Conflux_Network

Details 👇https://t.co/XPy8Vr8u1D

— dForce (@dForcenet) July 10, 2023

The partnership with dForce to bring further use cases of Conflux in the DeFi sector. The partnership is intended to commit 70000 $DF to the Conflux ecosystem every week for the next 8 weeks. The goal is to incentivize use cases of the Conflux network in the DeFi space, especially lending and borrowing.

With the likes of Compound and Aave gaining traction in the Liquidity pool, Conflux will likely join the trend in the coming weeks. What this means is that CFX is bound to see some recovery in the coming days. Invariably, Conflux might be the best crypto to buy now.

5. yPredict (YPRED)

Ypredict looks like a well-timed project as the competition in the major crypto sectors intensifies. It’s becoming increasingly difficult to gauge what the next big cryptocurrency might be. This is where AI-backed project like yPredict comes in. It boasts a state-of-the-art predictive model that can recognize chart patterns and analyze the market to help traders and investors reach a decision.

The tool is not just based on projected or assumed efficiency. The performance of the tool was proven in a recent beta test launched by the yPredict team. The resulting game existed as thousands of queries were completed.

📣 Check out this article to discover the advantages of using yPredict for your trading needs! 📈💰

✅ Designed for beginners and small investors
✅ AI-powered software for efficient decision-making
✅ Recognizes patterns and derives trading signals ✅ Prevents emotional… pic.twitter.com/XI7BsHIpGl

— yPredict.ai (@yPredict_ai) July 10, 2023

Currently, the project presale is in stage 6 and investors can buy into the vision at the price of the token which is $0.09. As soon as the fund goes above $2.9 million, the price jumps to $0.1. What is interesting is that investors are not just buying a crypto asset. They are also buying into a tool that offers immense insight into the cryptocurrency market.

Visit yPredict presale.