Best Crypto to Buy Now July 2 - NEAR Protocol, Thug Life, Lido DAO

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With the increase in time, it takes to complete transactions on the banking platform, institutions are pushing for alternatives. The push for crypto-based systems is on the rise as big brands are now partnering with cryptocurrency service providers to implement new measures. From our previous updates on the best crypto to buy now, we saw the rise of the DeFi sector in the crypto market. However, the narrative is quite different today as the trading volume seems to head south.

The global crypto market cap is currently at $1.2 Trillion, which is a 0.18% increase in 24 hours. Similarly, The trading volume is down by 55.7% in the same period, recording a total of $25.1 billion. DeFi continues to gain ground with its trading volume making up 8.9% of today’s crypto trades. Bitcoin is not performing so well. It lost 0.03% of its value in the last 24 hours. However, its dominance is still over around the 50% range.

Global Crypto Market Cap Chart

Best Crypto to Buy Now

With Bitcoin refusing to step up its gains, what are the best cryptos to buy now? Below is a quick dive into the best-performing cryptos in the market. The highly reveals a bit of technical analysis and price action of each coin, with a spotlight on events that might create a twist in the narratives. Also, read on for some information about the best-performing presale on the market at the moment.

1. NEAR Protocol (NEAR)

NEAR Foundation followed its partnership with Skoda earlier this month with a series of partnerships that pushed the value of the asset up by many bars. In the last 24 hours alone, the price of NEAR has recorded a 6% increase in value. That’s not the first increase in the last 7 days, however, the coin has moved from $1.36 to $1.45 in the space of 7 days. However, the coin has not kept a steady growth path as it keeps bouncing off resistance and support. What’s interesting is that for three days, our own NEAR has been on a growth path that puts it back in the green.

The increasing price of NEAR seems to build upon the expanding partnerships it has established so far. A few days ago, the foundation joined forces with the Chinese e-commerce giant, Alibaba to explore the opportunities of Web 3.0. According to the NEAR foundation, the partnership gives it a foot in the Asian and Middle East markets.

While the details of the deals are not fully known at press time, the possibility of NEAR expanding into new regions reflects in the direction of its price movement as it embarked on a recovery trend. In addition to exploring new regions, the partnership could help increase NEAR’s access to talents from the Alibaba company. What this means is its ability to increase its competitive edge over other blockchains and competitors.

How its narrative unfolds is still a trend to watch. However, the coin keeps showing signals that it’s one of the best cryptos to buy now. Investors should keep an eye on the asset as it continues to battle its $1.5 – $1.6 resistance.

2. Thug Life (THUG)

Thug Life continues making progress toward its target presale fund of $2,058,000. In less than one week of the pre-sale launch, the platform has raised a total of $237,453.71 with a $1,820,546.29 milestone to go. What’s amazing is the speed at which Thug Life is gaining ground in such a short tie. Is Thug Life the best crypto to buy now? The answer is yes. Memecoin investors should get on board the train as THUG is on its way to becoming one of the top meme assets in recent times. This truth is evident in how much influence it’s gathering from its media effort. The token keeps attracting memecoin degens as its Twitter community has also crossed into the 2.7k followers.

At the moment, the token still sells for $0.0007. As a non-conformist, the platform is going on a stretch run from $0 to the target funds. Once investors miss out on the presale, the next way to get on board is by getting it from the open market. It’s best to get it now that it is still grossly discounted in its presale offer.

Visit Thug Life presale.

3. Uniswap (UNI)

Uniswap is one of the few assets that’s been in the green for most of this year. It has gained over a 366% increase in price Y2D, which is almost 10x of the market permanence in the same period. In the last 24 hours, the price of UNI has gone up by almost 5% and is still counting.

What’s interesting however is that it’s kept on the upward trend for the past 3 days. The question is where the price might go next. While it’s hard to predict due to the overall performance of the market today, it’s possible to peek at its technical analysis to see how it might play out.

From the charts of UNI, RSI (14) reads 61.5 which is neutral at the moment as the coin is neither overbought nor oversold. However, considering its moving averages, Both simple and exponential, it returns values ranging from 4.5 to 5.6 for its 20-day to 100-day averages. Invariably, it’s a green flag to buy.

Conversely, its 200-day moving averages return values are indicative of sell signals. With the look of things, UNI might do well in the coming weeks however the pressure from the bear might increase towards the later part of the year. Investors thinking long-term might have to wait for the coin to complete its current trading cycle before hopping on board. However, short-term hedging works on UNI; however, it must be done with in-depth analysis.

4. XRP (XRP)

Is it the best time to buy XRP? Many investors are asking if XRP is the best crypto to buy now. Answering the question requires a deep dive into the price action and the technical analysis of the asset. Even though it’s not been the best 30 days for XRP, the last 24 hours seem different. XRP price went up by 3% over the period, putting it on the list of top gainers on CoinMarketCap.

Despite the pressure from the SEC, XRP continues to grow its performance in the crypto market. Recently, they got a green flag from the financial regulator in Singapore. This move has given the crypto a broader reach and a wider customer base.

Besides, the coin has been on an upward trend for the last 3 days. The projected value of XPRL based on recent improvement across its devnet seems to increase confidence in the asset. With the expectation of the Ethereum network on its main net, the scope of its use case broadens as a result of the interoperability. XRP holders will now have the advantage of platforms like MetaMask and other Web 3.0 platforms.

As the collaboration unfolds, it might spark a new phase of the upward trend for XRP. However, in the meantime, investors can keep an eye on the token as it is fast becoming one of the best cryptos to buy now.

However, the looming suit verdict against the platform may quickly change the direction of its price in the coming months. Investors should equally keep an eye out for what might be the outcome of the suit.

5. Lido DAO (LDO)

Lido DAO has performed averagely well since its launch in 2020. What set DO apart from most coins launched in that period is its ability to withstand the crash of 2022. Despite most coins losing up to 90% of their value, LDO only lost 50% of its value and bounced back to its price point nearly two months later. In the past 52 weeks, it has tripled its price, pushing it up by over 350%. That’s a number that outperforms the market multiple times.

What’s more, is that the coin continues its progressive gains today with a 24-hour gain of 2% added to its value as of press time. The effect of its V2 engine continues to fuel its price gains. In mid-May, the platform implemented the V2 and it caused a spike in price. However, that’s not the only development driving the price. The recent launch of the Lido’s stMATIC also came as a welcome event to the community.

Calling MATIC holders: Lido's stMATIC is now available on Coinbase Wallet 📣

Discover why Lido is the ultimate choice for MATIC staking and get started on @CoinbaseWallet today.

👉 https://t.co/vIifz437D8 pic.twitter.com/kOcMFX1fnL

— Lido (@LidoFinance) June 30, 2023

According to the information available on its official Twitter handle, the move is said to allow users to monitor their portfolio on the go. Likewise, it is said to come with auto-restacking, thereby reducing the gas fee incurred.

The new development might result in an increase in the price of LDO in the weeks ahead. It’s best to keep an eye on the asset as its performance in recent times has been remarkable.