Best Crypto to Buy Now July 21 - Chainlink, BTC20, Filecoin

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Today’s crypto market performance is a clear deviation from what we saw in the last 24 hours. Assets that dominated the gainer’s list of yesterday have found their way to the bottom percentile. Nonetheless, what are the best cryptos to buy now? This article identifies some of the top-ranking assets in the market within the last 24 hours. The list is based on what we think is the best yardstick to gauge crypto asset performance. However, it’s best to conduct further research and validate the performance of cryptocurrencies before making decisions. With that said, below is a quick overview of the global cryptocurrency market in the last 24 hours.

Global Crypto Market Cap Chart

According to information available on CoinMarketCap, the global market cap decreased by 0.42% in the last 24 hours with a value of $1.2T. On the other hand, the trading volume increased by 12.91%, printing a total of $36.5 billion in the same period. DeFi transactions comprised approximately 12% of the global cryptocurrency trading volume, contributing $4.3 billion in total value.

Best Crypto to Buy Now

As the market trends unfold, there’s a need to identify the best cryptos to buy now. Generally, listed assets are not necessarily the most viable cryptos to buy. Some presale coins offer better investment potential and might outperform the market upon listing. It’s usually best to conduct adequate research to identify such opportunities. BTC20 is one such presale worth researching. Meanwhile, the article below provides a brief overview of BTC20. It also briefly touches on what it might offer. Read on to find out more.

1. Chainlink (LINK)

Following the release of the Cross-chain Interoperability Protocol (CCIP), the overall anticipation of the market was to see the price of Chainlink skyrocket. True to the expectations, the price of LINK has grown by nearly 30% since the protocol release. The price of LINK surged by almost 18% in the last 24 hours alone.

Besides the increase in the price of LINK, there are speculations that crypto whales are picking interest in the token. Surprisingly, LINK’s trading volume increased by almost 350% in the last 24 hours. Recently, information making rounds says that about 3146 stETH swapped into 788,877 LINK. It’s believed that the transaction contributed to the rise in price and trading volume of LINK.

Will the link be able to sustain its gains? While the cryptocurrency market is unpredictable, certain facts point to the future. The Release of Chainlink’s CCIP positions the platform for immense opportunities. An example is the collaboration between the platform and banks to improve the transition into cryptocurrency. Chainlinke’s partnership with the SWIFT network allows the platform to participate in the transfer of trillions of dollars around the world.

Ultimately, Chainlink is currently on a growth path. If it maximizes the opportunity, the price of the asset will likely surge even further. In the meantime, LINK is one of the best cryptos to buy now. As the price continues to test its $8 resistance, there might be a break out very soon. Once this happens, the rally is likely to push the asset price toward $11 – $14.

2. Maker (MKR)

The maker might be one of the top tokens to watch right now as the price of the asset continues to break new ground. 30 days ago, MKR traded at $736. Right now, the price of the asset is way above $1140, and in the last 24 hours, it’s gone up by about 17%. Consequently, CoinMarketCap lists the asset as one of the top gainers in the said period. Besides the increasing price of MKR, the token has also seen a surge in trading volume. In the last 24 hours, MKR trading volume is up by about 150%.

For some weeks now, the interest in the DeFi sector has reached new highs with DeFi constituting about 80% of crypto transactions on the 20th. Furthermore, institutional players made moves into the network with transactions ranging into tens of millions of dollars.

A typical example is the venture capital firm, Andreessen Horowitz. The influx of funds pushed the trading volume of the assets into new highs, spiking demands for its token. Invariably, it resulted in a boost in investors’ confidence and social influence of the asset.

Lower fees, lower ratios!

Stability Fees and Liquidation Ratios have been reduced for many ETH, WSTETH, RETH, and WBTC vault types, enhancing borrowing conditions for DAI borrowers!

New rates are here ↓ pic.twitter.com/12rDZTlunm

— Maker (@MakerDAO) July 19, 2023

It’s unclear how far the rally would go. However, if MKR builds enough momentum to push through to $1150 in the coming days, the asset might be tending toward $1250 before the end of the quarter. Looking at its charts, the resistance zone lies within the $1135 – $1144. Currently, it’s gone above the $1135 mark and might be able to continue its rally toward the $1200 price. If it breaks above that, MKR might be looking at a price range of $1500 or above before the end of the year. Ultimately, MKR is one of the best cryptos to buy now.

3. Theta Network (THETA)

The price of Theta Network native token THETA is up 7% in the last 24 hours. Likewise, its trading volume jumped by about 80% in the same period. Surprisingly, the trend is relatively a continuation of its gains that started a few days back. With the trending gains, is THETA the best crypto to buy now? Looking at the recent performance of the asset, it might be best to consider buying THETA for medium-term hedging.

If the bulls continue at the current moment, it’s likely the token reaches above the $1 mark before the end of the year. Perhaps, one of the force multipliers that might propel the gains would be the recent AI and web3 wave that might kick off any moment from now. First, it was Elon Musk’s launch of xAI, then recent news reports Meta and Microsoft are now joining forces to launch AI projects. What this means is that assets in these categories may receive a boost in perceived value, resulting in reduced dumps.

Check out the latest Theta Hackathon profile: Gaming/Metaverse track winner Clan Wars TCG!https://t.co/t2avSLh6E7 pic.twitter.com/Vgmg5o8v4f

— Theta Network (@Theta_Network) July 20, 2023

With Theta network deepening its hold on web3, the asset may find further support in the $0.8 – $0.9 region before pushing into the $1 region. Considering that THETA just overcame a major resistance zone at $0.77, the gains may form the force the rally needs to climb further. It’s best to take a look at the THETA to see how it would perform in the coming weeks.

4. Filecoin (FIL)

The growth of Filecoin has been relatively slow, compared to the overall performance of the crypto market. These facts may have led to its year-long price decline. Filecoin is a decentralized blockchain-based storage system that provides storage space for tech and crypto projects worldwide. Since its launch in 2017, FIL has lost over 61% of its value, bringing it to its current price of $4.4.

However, the growing influence of the crypto industry on financial, economic, and political space increases the demand for data management and information backup. Platforms like Filecoin were launched to fill the gap. With the influx of data-centric projects into the crypto industry, there’s likely to be an increase in the price of Filecoin.

Furthermore, there are growing collaborations between the network and industry players. An example is the relationship with Bitman, a Chinese firm that’s into mining equipment. The firm recently confirmed its interest in the Filecoin ecosystem and will provide FIL mining hardware to further increase activities around the network.

In the meantime, the price of FIL is relatively below its true value. If the platform continues its trend and expands its influence in its sector, it might be one of the best cryptos to buy now.

5. BTC20 (BTC20)

BTC20 is currently on presale. The trend across the crypto industry tends towards the relaunch of proven tokens. Usually, most relaunches happen in the memecoin category and these coins are performing excellently well in the market. A good example is Pepe 2.0, which has gone on to make hundreds of people overnight millionaires. Right now, it’s the turn of BTC20.

🔹Welcome to the world of $BTC20 – The Revolutionary Staking Token 🚀💫

🌐A groundbreaking PoS #Crypto token built on #Ethereum!

🔥 We pay homage to the original #Bitcoin while introducing a passive income-staking mechanism that empowers our community of #Cryptoenthusiasts.💰 pic.twitter.com/gB18L4awfR

— BTC20 (@BTC20Token) July 18, 2023

BTC20 launched its prease The token launched its presale on the 18th intending to bring visionary degen crypto investors on board. The vision is to restore the days when there were only 6.05 million BTC in circulation and BTC traders for only $1. Currently, BTC20 goes for $1, and the project aims at raising $3 million.

According to its presale page, investors only have a limited chance to come on board. Once the presale the project achieves its presale target, it goes live on the market. Consequently, investors who miss the presale might have to get it at market price. One advantage that comes with BTC20 is its tighter supply. It ultimately creates room for a spike in value down the line. There is a higher chance that the asset would attain multiple times its market cap within a short while when it goes on the market. The BTC20 presale page shares further information about the project.

Visit BTC20 Presale