Best Crypto to Buy Now July 26 - KuCoin, BTC20, Uniswap

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Bitcoin price is seeing some activity after days of sideways trading. The price of the crypto giant is currently trading near its weekly resistance with a relatively sideways trend for the past 2 days. While the battle rages on, what are the best cryptos to buy now? Today’s review highlights 5 alternatives that might provide short and long-term hedging in the era of uncertainties. While the details are featured in the article, the snippet below provides a quick overview of the crypto market data as seen on CoinMarketCap at press time.

Global Crypto Market Cap Chart

The atmosphere in the cryptocurrency market remains calm, but the increase in the global coin market cap seems negligible. In the last 24 hours, the market cap went up by 0.17% and trading volume decreased by about 5%. Each metric has values of $1.17 trillion and $27.22 billion respectively. Also, the DeFi market seems to receive growing attention with its trading volume growing to 8% of the global trading volume.

Best Crypto to Buy Now

Currently, presale offerings continue to prove their worth with increasing testimonials of sizable returns on investment. Many Best performance memecoins on the market today came in through presales. Investors can look into portfolio diversification through presales and some presale tokens are featured in the article. Read further for more details.

1. Compound (COMP)

According to the CoinMarketCap coin page, COMP has had a 15% price pump plus a $188m trading volume in the last 24 hours. Will COMP become one of the best cryptos to buy now? The charts of Compound over the last 7 days show that there’s been a fierce battle between the bulls and the bears. For most of the week, the bears dominated the market as the COMP price trended downwards. However, the token has found short-term support at $57 and is retracing back to its resistance zone at +$70. Investors’ delight would be that COMP breaks through resistance. If it happens, it might gather enough momentum to push the price of the asset above $100.

Ideally, COMP should be able to gather the needed momentum to push into a new price point. The gains are likely to come from growing interest in DeFi, hodling, and staking. According to information shared by Yahoo Finance, 75% of Bitcoin’s circulating supply is controlled by long-term holders. That number is slightly above 14.5 million. Consequently, the overall sentiment of the crypto market is shifting from pump and dump towards stalking.

Ultimately, Compound is one of the key players in DeFi, and the token is bound to benefit from the windfall of fund influx to the DeFi sector. At the moment, the price of the asset is way below its true value. As the demand for the asset increases, it will adjust to its true value. Long-term investors can take advantage of its discounted price. Also, its current uptrend can be of short-term benefit to traders. Overall, COMP is one of the best cryptos to buy now.

2. KuCoin Token (KCS)

KuCoin is finding its way back from the deep. Its price has followed a falling trend after its first Quarter gains. At press time, the price of KuCoin is up by nearly 2%. Its trading volume is on the rise at the same time. While it suggests growing interest, there exist areas of concern.

Nonetheless, there are growing concerns in the areas of its liquidity and circulating supply. Right now, the circulating supply of the asset comprises 57% of the entire supply. Meaning that the KCS risks declining prices as more tokens hit the market. Ultimately, KCS still has the potential of bringing returns on investment in the medium term. Especially if it maintains its current trend.

3. Uniswap (UNI)

Uniswap has had 16 green days in the last 30 and it continues beating its path to an uptrend. From its RSI (14) reading, the value is at 54, meaning the token is neither overbought nor oversold. Invariably there’s still more field for the bears and bulls to do more battle. The question now is, who’s to come out victorious? Looking at the charts, UNI is currently trending upwards and heads for the $6 resistance zone. The token has climbed to these zones several times in the last 52 weeks and twice in 30 days. In all those cases, it has faced sharp rejection.

However, according to Tradingview’s technical rating indicator, all key indicators on the UNI chart show buying signals. Consequently, UNI might find enough momentum to break above its renaissance and establish support above the $6.0 level. The negative news, however, is that UNI combats more bearish sentiment in the short term.

With Uniswap v4, we’ll have millions of liquidity pools in the future. But with so many pools, how will we route trades so swappers get the best prices?@haydenzadams explains how UniswapX complements Uniswap v4 on @banklesshq: pic.twitter.com/9GfzZHUFmI

— Uniswap Labs 🦄 (@Uniswap) July 24, 2023

However, bearish sentiment might not be enough to deter the prospect of a medium or long-term upward trend. The reason is that industry-wide activities across the Uniswap ecosystem are growing stronger. An example is the recent collaboration with OKU. Similarly, the unveiling of Uniswapx, Uniswap V4, and the promise of millions in the future liquidity pools, would contribute to the future trend of the asset. Generally, moves like this reinforce confidence in the mind of long-term holders of the token, resulting in lower dumps and more upbeat price action. All the same, UNI is on its path to becoming one of the best cryptos to buy now.

4. Toncoin (TON)

Since the announcement made by Pavel Durov, founder of Telegram, TON has been on and off the CoinMarketCap gainers list. The reason is largely due to the overall sentiment of the crypto market that’s affected all tokens alike. Following the return of calmness to the market, TON is currently reacting to the trend.

Right now, a look at the technical indicators of the token shows that the asset trades much below its 200-day EMA. Similarly, its short-term moving averages return the sell signals. Nonetheless, its RSI (14) shows that TON is largely oversold and might begin a reverse trend in the coming days. Overall, it presents an opportunity to buy into an upward trend that might push the value of the asset upwards of $1.8 or more. The only fear, however, is that TON’s liquidity rating is quite low according to its market cap. It might deter an influx of traders who might bring the needed momentum for the uptrend.

5. BTC20 (BTC20)

BTC20 presales going on progressively as the funds climb above $2.5 million. Unfortunately, as the funds increase, the chance to join the project becomes more competitive. Right now, the project only needs to raise less than $500k presale fund before being sold out. After that, the coin goes on exchanges, and it becomes even more competitive.

🚀Over $2.5 Million Raised in the $BTC20 #Presale! 🎉

Our community's support has propelled us to this incredible milestone! 💪

But we're not stopping yet! Join the #BTC20 presale now to be part of the staking revolution.

Secure your $BTC20 #Tokens at a symbolic price of $1… pic.twitter.com/OEeyY4Lhlp

— BTC20 (@BTC20Token) July 26, 2023

What’s special about the BTC20 project? The key differentiator of the project from other memecoin projects is its strict focus on tighter supply. According to the information made available to its growing community of investors, BTC20 is remodeling the early stage of BTC where the price of the token was still $1, and the supply was 6.05 million. After the presale phase, the total supply of BTC20 is pegged at 21 million, an archetype of Bitcoin supply. Consequently, it is assumed that BTC20 should be able to mirror the growth path of Bitcoin.

With a tighter supply and sizable community, the token should see a jump in market cap within a short time from its listing. Invariably, the initial inventors might rake in multiple times their invested funds. A win-win situation for all.

Visit BTC20 Presale