Best Crypto to Buy Now July 20 - Polygon, Evil Pepe, Solana

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Recent crypto market behavior is relatively surprising. It seems to oscillate wildly between boom and bust. Each day, data from the market appears to drift between the bulls and the bear. Today, the bulls dominate the market with tokens printing surprising transaction volumes in the last 24 hours. Optimism for example recorded a surge of over 1000% increase in transaction volume, according to CoinMarketCap. Despite the crypto market fluctuations, what are the best cryptos to buy now? Again, today’s update provides a quick review of the best-performing cryptocurrency assets on the market today. The selection is based on several metrics and data from the price chart of each token. However, it’s best to conduct further research before making decisions. With that said, below is a glance at the data from the global crypto market in the last 24 hours.

Global Crypto Market Cap Chart

The crypto market continues its struggle with the bears with a market cap of $1.22 trillion. Its current value places it just 1.06% above its value in the last 24 hours. The total crypto market volume is currently swinging between highs and lows. As of press time, its value is down by 10.5%. On the other hand, the DeFi sector is seeing a massive boost with a 24-hour increase of over 85%, pushing the value above $16 billion in the said period.

Best Crypto to Buy Now

The tokens highlighted below are some of the best cryptos to buy now. Also, memecoins would be thrilled to hear that the presale of Evil Pepe is finally live. The presale kicked off on the 18th and the token is currently performing well. More information about the presale and Evil Pepe is featured below.

1. Stellar (XLM)

How far up will the current rally take the price of XLM? As of today, the XLM token receives wild social attention as it enters the global trending list in the business and finance category on Twitter. For the past week, the price of XLM has been on an upward trend, gaining over 43% in the said period. What it means is that with the gains of XLM surpassing that of Ripple, XML automatically becomes the biggest gainer in the altcoin category. In the last 24 hours, the value of the coin has jumped by almost 20% putting its price at $0.16.

The sudden price movement aligns with the various relations recently established by Stellar across the crypto industry. Its relations include a partnership with Bitso, which is targeted towards bolstering the use of USDC as international payments in countries like Mexico, Argentina, Colombia, and other countries. Similarly, Fonbnk is creating a use case of the stellar network that’s targeted toward the millions of unbanked people living in Africa. The project intends to use prepaid SIM cards as the banking channel. Similarly, the Honeycoin App has joined forces with Stellar to provide USDC withdrawal services to major African countries.

350 million people in Africa don't have access to bank accounts, and only 20% of families have formal bank accounts.@fonbnk1 provides a real-world solution to this problem by turning 8 billion active prepaid SIM cards globally into virtual debit cards with Stellar. (1/3)

— Stellar (@StellarOrg) July 18, 2023

However, at the current pace, the coin may touch $0.3 before the end of the third quarter. In the meantime, XLM is one of the best cryptos to buy now. Given its growth and expansion rate, the strength of the team and the force of the community behind the token has both short and long-term investment advantages.

2. Optimism (OP)

Optimism trading volume is up by over 1000% in the last 24 hours. According to the data obtained from CoinMarketCap, the token price leaped by over 5% after the sudden boost in its trading volume. As of press time, OP trades which is a wide deviation from its price at the same time last week. What could be triggering the growth in the trading volume of the Optimism token? Firstly, the active addresses across the Optimism network have grown from 67000+ to 93000+.

The growth in active addresses equals an increase in demand across the network. Invariable, it accounts for the surge in the trading volume across the network. Moreover, a spike in Optimism’s use cases also contributes to its gains in trading volume and by extension its market cap. According to CoinMarketCap, Optimism’s market cap surged by 11% in the last 24 hours.

With the evident price action and potential rally, OP may be the best cryptos to buy now. The information available on the CoinMarketCap community shows that the volume held by whales has increased significantly. In the last 7 days alone, whales have pushed over $21.5 million into OP tokens. What this means is that OP may have enough rally to push the value of the token into the $2 zones in the coming weeks.

3. Polygon (MATIC)

Can MATIC make it back to its Y2D high of $1.56? As of February of this year, MATIC traded at $1.56, which is its highest this year. Since then, the price of MATIC has dropped progressively, bringing it down to $0.59 as of mid-June. Ultimately, MATIC is yet to print a yearly profit since its drop in February as the token has struggled endlessly to conquer the $0.8 resistance. At its current pace of growth use cases, the token might reach as high as $2 before the end of the year. As a matter of fact, As of today, the trading volume of MATIC went up by nearly 500%, which equally pushed the gains in the value of the asset up by about 8%.

At the moment, it may be best to add MATIC to the investment portfolios, especially for long-term strategies. Recent moves by the network indicate that the platform would likely see a surge in activities soon. A good example is the relationship between Cosmic Wire and Polygon. Cosmic Wire recently raised over $30 million in a seed round and Polygon and Solana led the funding round. What it means is that Polygon owns a large chunk of Cosmic Wire.

With this, Polygon now leverages crypto data. There are many more improvements in the MATIC pipeline right now. Further examples include the Polygone 2.0 initiative that’s bound to review the governance of the network. Invariably, there’s bound to be an increase in Polygone social activity. It’s smart to bet that the value of MATIC would continue its upward trend for most of the third quarter.

4. Solana (SOL)

After the dip that took the price of SOL from $21 to $14 last month, Solana is up by almost 100% putting it on CoinMarketCap crypto gainers today. The price of the token went up by nearly 4% in the last 24 hours alone, bringing the week’s gains to 20%. The token reached its Y2D highs yesterday when it briefly touched $27.3 before facing rejection. It is expected that the token would continue its upward push. The probability of more gains is increased by recent activities seen across the Solana Ecosystem.

Recently, the network introduced the Solang project which is targeted at Ethereum’s Solidity language. The aim is to allow for more accessibility for Solidity devs. With the development, there might be an expansion in the gaming use cases for the platform. As a crypto network expands its gaming and finance sector, it often receives a boost in demand.

Ultimately, there are chances that the value of the token would surge past the $30 mark before the end of the year. At the moment, the only huddle to climb is the $27 – $28 resistance. As soon as it overcomes the resistance, it may be on a rally to $30. Ideally, the price of Solana is worth that range.

5. Evil Pepe (EVIL PEPE)

Evil Pepe launched its presale on the 18th of the month intending to shake up the sleeping memecoin category. Since the glory days of Pepe coin and Pepe 2.0, there’s been relative calm in the Memecoin category. EVILPEPE positions itself as the latest low market cap crypto in this category that will bring back the memories of what degen investment is all about.

#EvilPepeToken is going to change the landscape of Pepe tokens. We set the #Presale for 14 days, but it wont last that long.

He's coming for you and your degen heart

Website: https://t.co/tSzIy5cOXV
Telegram: https://t.co/38fXn8r38y #PRESALE #Live #ERC20 #Ethereum #Pepe pic.twitter.com/8NuycuwX8K

— Evil Pepe (@evilpepe_token) July 19, 2023

According to information posted on its official Twitter handle, the presale is set to run for only 14 days and it’s already 12 days to its end. What this means is that once the 12 days elapse, interested degen investors would have to go on the market to be a part of the trend.

At the moment, the token sells for $0.0003330, and the presale has raised $141,605 in less than 48 hours. Responsive investors can take come on board and enjoy the first-mover advantage with the token. As a low-cap coin, its market cap is currently set at under $2 million. What it means is that the token can easily put over 2X of invested capital in the purse of investors as soon as it goes live. Considering the community that’s quickly forming around the asset, it might not be long before Evil Pepe’s market cap reaches double-digit in millions. Further information about the asset is provided on its presale page.

Visit Evil Pepe Coin Presale