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The crypto market continues its losing trend ahead of the outcome of the Federal Open Market Committee (FOMO) meeting. Investors are wary of moving against the tide, and it reflects on the prices of assets across the board. However, are there crypto assets that are immune to the current trend? The market is quite fascinating today as several tokens are putting up a fight against the bears. XDC for example raked in as much as 23% gain in the last 24 hours. Other assets also exhibit impressive price actions. Nonetheless, what are the best cryptos to buy now? Before identifying the top-performing assets with growth potential. Below is a rundown of market data as seen on CoinMarketCap in the last 24 hours.
Global Crypto Market Cap Chart
The crypto market is currently trending toward. Global market cap slid down to $1.17 trillion today, about 1.7% lower than what we saw 24 hours ago. At press time, trading volume across the crypto market amounts to $34.12B, a 39.81% increase in the last 24 hours. Also, DeFi continues to push for wider reach with its value making up 7.35% of the total crypto trading volume in the last 24 hours. On the other hand, the much-anticipated Bitcoin downturn may have set in. As of today, the price of BTC is down to $29,125 and it continues to decline by almost 0.35%. At that pace, BTC might drop below $28k before the end of the week.
Best Crypto to Buy Now
Now that the market is down, what other options are there? Presale tokens might be the best cryptos to buy now. Oftentimes, they are risky options. However, a carefully selected portfolio of presale tokens could spill off some winners that would write off the overall risks incurred. The list below includes presales that are performing well at the moment. A good example is the Wall Street Meme Presales. The token has been upbeat since the presale started and it still going strong. The details below shed more light on the upsides and downsides of the token. Read on to learn more.
1. Aragon (ANT)
Aragon, ANT, is currently outperforming the market by a wide margin. It’s not the first time ANT is outperforming the market. In the first quarter, The price of Aragon climbed from $ 2.23 to $ 2.56 putting, closing the quarter with about 14.58% gains. Similarly, Aragon finished the second quarter with a 56.85% increase in its performance in the first quarter, putting the price at $4.01. The price of the token climbed to about $4.14 in the first month of the third quarter, putting it way ahead of 93% of the top-performing assets.
Possibly, ANT might finish the quarter with more gains if the bulls continue the push. At press time, the token is trading below its 200-day SMA which means that it still has room to grow in the long run. One factor that might contribute to a more bullish drive is its increasing trading volume in the last 24 hours, the trading volume of the asset went up by over 20%. And its market cap increased by about 2% as a result of its increasing price, thereby contributing to its booming liquidity.
Overall, ANT is one of the best cryptos to buy now. However, there’s a need to be wary of the rejection at the $4.4 zone. Twice this month, the token tested the resistance zone and got a pullback. Consequently, this might become a barrier to its gains in the coming days. Nonetheless, ANT RSI (14) lies within the 50 range, which is a neutral signal. Similarly, most of its long-term moving averages show values that are much below its short-term moving averages. While there may be a bear dominance in the short term, there are chances that the token would recover and head towards the $5 resistance.
2. Unus Sed Leo (LEO)
LEO currently trades above its 200-day sma with a price of $3.9490. Its price in the last 24 hours seems to fluctuate between increases of 1% to 2%. However, the token has spent 16 of the last 30 days in the green, with a stronger push for gains. There are chances that LEO might be one of the best cryptos to buy now. Firstly, its advantages across the iFinex network give it a unique appeal. The token offers holders specific fee reductions across several platform-centric services. The privilege is also extended to other platforms in the ecosystem, including Bitfinex and EOSfinex. What this means is that as these platforms expand, which they’re currently working towards, the value of the token continues to increase.
Generally, it’s best to buy LEO right now because the token is at a discounted price as a result of the activities of the bears in the market. In the coming days, it’s possible to see the token build up momentum for an upward trend. One of the noticeable trends from its chart is the fact that it has traded sideways for about 15 days now. Also, its current price direction came after months of a sideways trend. Considering that its RSI (14) is currently at 47, which leans more towards the oversold, but still in the neutral. Also, its long-term MA is much below the short-term. What might happen very soon is that the sentiment of LEO would shift towards buy as the token swings back into an upward trend.
3. Maker (MKR)
MKR has been one of the dominant tokens on the gainers’ list since the start of the new week. The recent trend in the market has forced most assets to shed their month-long gains. But, MKR has been able to retain most of its gains.
Moreso, the token recorded over 6% increase in its price, bringing it closer to the $1100 range In the last 24 hours. Chances are that it may reenter the $1100 – $1150 resistance zone before the end of the week. Going by its technical analysis, its RSI (1ll remains below the 70 mark, with a value of 67. All short-term moving averages remain above the long-term MAs which means that there is more buying momentum in the market than the sell.
The maker has been on an upward trend since the start of the year. It opened the year with $520.77 and ended the first quarter with $687.44. In the second quarter also, the token saw an increase of 21% over the first quarter moving its price from $687.44 to $836.07. Currently, the price of the token has increased by over 30% in the last 30 days. There is speculation that the token might end the third quarter with a price above $1200.
The only downside is that the RSI (14) is already tending toward the sell range, which means that the sell might start trickling in very soon. Nonetheless, with a long-term view, MKR will likely perform better towards the end of Q3. In the meantime, MKR might be one of the best cryptos to buy now.
4. Solana (SOL)
Solana is down by 2% in the last 24 hours and overall, it’s lost about 9.6% in the last 24 hours. If SOL is losing its gains, why then is Solana on the list of the best cryptos to buy now? SOL has been in the news for its innovation, excellent teams, expanding ecosystem, and engaged community. What this means is that there is immense potential ahead of the token.
Currently, SOL still trades above its 200-day EMA, which means that the token will still be trending upward in the long run. However, short-term investors have something to worry about as all short-term moving averages tend towards a sale. Ultimately, the token would continue its downward trend until the RSI (14) moves from its current neutral state of 50 to the far right.
Meanwhile, long-term investors can start looking at buying the dip to take advantage of the margin when the upward trend sets in. But, SOL still has to overcome the $27-$28 rejection zone before holders can celebrate its return to glory. Even at that, the chance that it would climb above $40 before the end of the year is slim. The only upside to its narrative is that it might become a good long-term gainer if investors buy in at the lowest price.
5. Wall Street Memes (WSM)
Despite the bearish market, memecoins are making their mark. Dogecoin has been near the top of the gainers list for straight 48 hours now. What this means is that investing in Memecoin has a way of providing balance to the crypto portfolio. At the moment, there are hundreds of memecoins flying around the cryptocurrency market. The more recent wave is the Crypto 2.0 trend that’s relaunching already successful assets.
Actual footage from the other day pic.twitter.com/4BJibZ09PI
— Wall Street Memes (@wallstmemes) July 23, 2023
However, Wall Street Memes is taking a different approach. The project has brought a touch of nonconformism to the cryptocurrency world and disrupted how crypto investors view their trade. The $16.5 million fund raised so far in presale attest to the warm welcome the project has received in the crypto industry. Furthermore, with the thousands of investors on the waitlist and hundreds of thousands on various social media communities point to an upbeat future for the WSM token.
As it is, the presale is gradually gliding to a close and there are few more weeks or even days to the end of the presale. Investors have the chance to get the token for $0.0322 within the next 45 hours. After that, it moved up to $0.0335. No doubt that WSM has immense potential, given the sheer force of the community behind the project.
Visit Wall Street Memes Presale
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