Best Crypto to Buy Now July 30 - Optimism, Chimpzee, Uniswap

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‘Best crypto to buy now’ is one of the most searched cryptocurrency related terms in Google, and each day InsideBitcoins lists some options.

The first month of the third quarter is fast coming to an end, and there’s not been much difference between the trends in the last quarter and now. In Q2, Bitcoin saw a price increase that pushed its value above $30,000. But, right now, the giant token can barely hold on to its current price. This change and gross uncertainty in the crypto market affect all assets.

Global Crypto Market Cap Chart

Consequently, identifying the best cryptos to buy now becomes challenging. This update presents a brief overview of the cryptocurrency market in the last 24 hours. It also makes moves toward identifying opportunities that might benefit investors and traders. Nonetheless, there is a crucial need to conduct further research before making decisions. In the meantime, below is an overview of the market performance at press time.

The effect of the DeFi sector on the overall crypto trading volume is becoming noticeable. Even Though intraday trading volume lagged by 20.6% today, the trading volume from the DeFi sector makes up for it.

The global market cap remains relatively stagnant, with a value of $1.18 trillion at press time, from the data obtained from CoinMarketCap. Also, the crypto trading volume fell to $17.75B, and the total DeFi transaction reached $1.73B at the time of writing.

Best Crypto to Buy Now

Are there presale opportunities for the new week? As the new week unfolds, it is best to consider portfolio diversification. The list below features the Chimpzee presale. The project presents a new approach to conservation and the protection of wildlife. It offers novel solutions to environmental problems and might be worth looking into. Read to the end to find out more.

1. Uniswap (UNI)

Uniswap sits at the forefront of the Dex innovation, and the fact tells on the asset price. Despite facing a massive decline between 2021 and 2022, UNI remains one of the best cryptos to buy now. The claims stem from its performance in the past few days. Uniswap has posted positive price moments since mid-June. As of today, the UNI has seen a 4% intraday gain. Its price has also climbed to $6.3515.

Gradually, it grounded its price within the $6 – $7 resistance zone. With its RSI (14) recording a value of 66 and the price trailing above its 200-day and 100-day moving averages, UNI may find the needed momentum to break above the resistance zone this coming week. However, the only concern is that the RSI value is closing in on its overbought range and might soon trigger a retrace.

Nonetheless, UNI still has a lot of social trends to pull the asset back on the upward trend. One of the key trends currently is the impending Uniswap V4 generating intense dialogue across major social media and the crypto community. The upgrade is predicted to impact Uniswap’s overall performance, which will result in lowered fees. Overall, investors may consider UNI for both short-term and long-term returns. The token has a prospect of more gains in the coming weeks and even for most of the quarter.

2. Optimism (OP)

Is Optimism one of the best cryptos to buy now? The price of Optimism is currently on the rise. Traders watching the token can take advantage of the pump. OP has been working its way up the charts for some time now, after its decline in the second quarter. Its first-quarter performance in 2023 made a great impression on the crypto community, with an overall gain of 146%. However, the crypto market crisis of June resulted in a massive plunge from $2.29 to $1.33.

Over the last 30 days, in the last 40 days, OP is recording a gradual bullish momentum that pushed the price above $1.5. However, it is unlikely that OP would climb above that price point before facing rejection. From its chart, the next resistance zone lies just slightly above the $1.5 range. However, the crypto community might not want to take a chance with OP because of the disparity between its token total supply and circulating supply.

The major downside of OP is that the current circulating supply is only a fraction of the total supply. Consequently, every token unlocks results in intense fluctuations in the price of the asset. The next token unlock is slated for the coming month, which might result in a price decline. Therefore, traders and investors should proceed with caution and keep an eye out for the slightest changes in OP trends. Ultimately, it is best to capitalize on short-term gains to avoid unpredictable price changes.

3. Shiba Inu (SHIB)

Can SHIB become the best crypto to buy now? The answer depends on the investors’ goals. From the long-term perspective, Shiba Inu might not always be the best option due to higher price volatility. Coincodex gives it a volatility rating of 2.8%, which is very high. Today, the token recorded an intra-day increase of 3.66% in its price. The increase brought the price of the asset to $0.000008555. However, as SHIB continues to test the resistance at this zone, there’s a likelihood of a breakout above the zone. Consequently, it will be the second attempt this year as the first time was in February when the price of SHIB rose above $0.000014.

In the meantime, it’s best to keep an eye on SHIB’s price movement to see how the trend plays out in the new week. A review of SHIB charts shows that the token is currently trading below its 200-day moving average, which could be a chance that the price might not hold above the resistance zone. However, it doesn’t negate a chance of breaking out as the short-term moving averages are trending upwards. Coupled with the RSI (14) reading of 66, traders can still ride the wave for a little longer before the price of the asset encounters rejection.

4. Cardano (ADA)

Cardano has also been upbeat recently, with its price recording an intraday increase of over 2%. As the bulls continue to push for higher price points, the resistance at the $0.35 – $0.4 zone holds firm. Generally, the price of ADA gets repelled at values above $3. With its trending toward the zone, it’s likely another aim toward a breakout. The likelihood of a breakout might be slim, however, because of the price history of the asset. At the current price, the token trades considerably below its 200-day ema, which might act as a force for a retrace in the coming days.

However, what makes ADA one of the best cryptos to buy now is the calibration of its RSI (14) and its short-term moving averages. The data from its charts shows that its RSI remains in the neutral range with the reading showing 53. Also, its short-term moving averages are relatively bullish. It means that the token would find support in the $3 zone, no matter the pressure from the bears.

In that light, it’s best to keep watch for the downtrend. Traders can pitch in when it hits the lowest to take advantage of the resulting swing.

5. Chimpzee (CHMPZ)

The climate and animal-friendly crypto project is still making progress in its presale. The target is set for $1,473,875, and so far, it has crossed $1,030,192. It means the world still has climate-conscious investors who want to keep the world safe. The Chimpzee project is aimed at protecting wildlife and preserving their natural habitats.

🌍🔬Discover Max Chimpzeeski, the visionary scientist fighting climate change! 🚀

With unwavering passion and a deep connection to nature, he unleashed the powerful #Chimpzee, a relentless warrior for our planet!🌿💪

Learn more now!🌟⬇️
https://t.co/Geog3EVuMC
#EcoCrypto pic.twitter.com/EGhbYST1TL

— Official Chimpzee Project (@RealChimpzee) July 30, 2023

Recently, the Chimpzee team have brought in a range of incentive, to inspire participation and attract more investors to join the movement. Chief among the incentive is the CHMPZ airdrop.

The plan is to distribute 10,000,000 CHMPZ tokens on a first come basis. The breakdown of the process is available on the Chimpzee sales page. However, the primary focus is that investors coming on board now, will get much more than ever. Besides the incentive, the project tokenomics also has some interesting offers. Its burn strategy, for example, is well thought out. While the project advances in its environmental solution, investors can also rest assured that their assets would increase in value. A win-win situation for all parties.

Visit Chimpzee presale