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The market is off to a good start today as various assets are currently making impressive gains. Today’s list of best crypto to buy now features some seemingly hidden tokens that operated under the radar for quite some time now. Some of these assets have outperformed the market by a wild margin and are currently making intense headway. The article reveals more about these. Before jumping into the details, below is a quick summary of the crypto market outlook today.
As of today, the global crypto market seems to make a turnaround with an increase of 0.59% in its market cap in the last. Trading volume also went up by 24.02%, bringing the value to $2.9 billion over the past 24 hours.
Bitcoin seems to be having a price rethink as it momentarily touched on $31k in the early hours of today before settling back to its $30k value. Notwithstanding, it continues to hold its dominance with a rating of 49.56%: slightly higher than yesterday’s.
Best Crypto to Buy Now
Included in today’s update is the steaming presale, Thug Life. What’s fascinating about the THUG is that it’s in the memecoin category. At the moment, the meme is one of the most favored crypto sectors with over $16 billion combined market cap. The article reveals more details about the progress of Thug Life and how investors can benefit from its presale.
Certain changes in the crypto market beg for attention. For example, Bitcoin mining difficulty reached 26.38 M. Could this mean that the crypto sector is gaining strength against the dooms predictions and the pressure from the SEC? Below is a quick highlight of the best crypto to buy now, including the best-performing presale.
1. GMX (GMX)
GMX has been making its gains below the radar with very few reports of its progress. Currently, th,e asset has a market cap of $512M according to CoinMarketCap. Over the last 24 hours, $14 million worth of GMX tokens moved across the market. What’s more, is that the value went up by 20% in the last 24 hours.
Could GMX be the best crypto to buy now? Looking at its performance over the past 52 weeks, it has done ten times better than the overall performance of the crypto market. Over the period, the value of GMX moved from $17.14 to $57.85, which amounts to over 255% increase in its value.
Will GMX continue its upward trend or has its value reached its peak? Given that it recently touched the $88 zone before bouncing back to establish support at $61, $54, and $48, it means the value coin still has room for growth. Plus, Its RSI (14) reading sits at 54. Invariably, it’s either overbought or oversold. Similarly, its short-term moving averages return values that are in the range of 51 – 55.
What we might see in the coming days is that GMX might trade sideways for a while before settling for its preferred trend. However, given the minimal popularity of the asset, it’s likely that it trends upward after the current battle between the bears and bulls. Also, with the trend in DeFi, GMX might enjoy an influx of funds rather than an outflow.
2. Aptos (APT)
Aptos is currently making headway as its price climbed by 11% in the last 24 hours. Could APT become the next big winner in the cryptocurrency world? The competition in the layer 1er1 blockchain is getting intensified and the prices of many thriving assets in the layer 1 chain are fluctuating across the board.
Bitcoin for example has hovered in the $30k range for weeks now. Contrary to the trend in the Layer 1 blockchain category, Aptos embarked on an upward trend since mid-June and has continued until now. What’s surprising is the intense breakout it climbed on in the last 24 hours.
Consequently, investors might be looking at what could be a protracted upward trend. The reason is that APT already broke through the $7.8 resistance after it established support at the $7.1 – $7.2 price zone, which could provide the momentum it needs to push its current rally forward. Nonetheless, the future price of APT depends on how it interacts with the resistance at the $8.5 zone.
One reason APT passes as the best coin to buy now is that the cryptocurrency is applying all means to claw its way out of the red zone. The asset is a few dollars below its price at inception. At its current pace, it may soon find its way out of the dip. It’s best to buy it at its current discounted price. Nonetheless, the coin might experience intense downward pressure from the bears at the $9.00 price range. It’s best to think medium-term with APT.
3. Render Token (RNDR)
Is Render finally embarking on an upward trend? The downturn in the crypto AI sector hit RNDR much harder than any other asset in that category. Given that its value reached as high as $2.7 in weeks leading to the launch of Apple VR gear. However, things quickly turned sour after the crackdown by the SEC took its toll on the industry.
The crisis sent the Value of RNDR on a downward spiral which sent its value from $2.7 to below $1.8. Hoover, RNDR seems to have established support at the $1.8 and $1.9 zone and has begun testing the $2.28 resistance.
RNDR might be the best crypto to buy now, given that its price is grossly discounted. As the atmosphere in the crypto market becomes more favorable for AI tokens, RNDR might predictably find more gains in the coming weeks. Besides, the use cases of the platform seem to increase daily as seen on its official Twitter handle.
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Similarly, looking at its charts, the majority of its indicators currently return buy signals. For example, its short-term and long-term moving averages, fall within the ranges of 1.6 and 2.1. It invariably means that the asset might trade sideways for a while before retesting the $2.28 resistance.
4. Frax Share (FXS)
The recent pump in FXS price is not coming as a surprise, following its aggressive partnership with other crypto platforms. The move has created some level of confidence in holders which seems to impact its price action. As of today, the price of the asset gained 4% compared to its price 24 hours ago. Similarly, FXS trading topped $39M as of today, which is a 169% increase over its 24-hour value, as seen on CoinMarketCap.
Is FXS the best crypto to buy now? FXS is the governance token of the Frax Protocol. It is primarily associated with the popular FRAX stablecoin. With the growing popularity and use cases of Frax Protocol, FXS prices seem to have gained momentum. With the coin out of the $6 resistance, it might be on its way to the $7 zone as it seems to have found support at the $6.4 price point.
The current advancement in the DeFi sector is also a good indicator that FXS might push its price further up. The staking and governance reward of Frax Share is considered to be much more stable and sustainable, which puts confidence in the minds of investors. With that, there will be less dump in the FXS token in the coming months, which would lead to increasing in the value. Generally, FXS is one of the best cryptos to buy now for short and long-term goals.
5. Thug Life (THUG)
Thug Life presale is still on. At press time, the presale has amassed $325,008 in less than two weeks. Given its current trend, it might be accurate to say that Thug Life might become the next King of Memes. Not only is it amassing funds, but it’s also gaining action. The Twitter followers of Thug Life are only a few steps away from 3k plus. For a presale of barely two weeks, that’s a massive growth.
To provide a background, Thug Life is a meme community fostering the idea of a free life, where community members choose to live the life they want. Degene, who holds the nonconformist ideology would find this community fascinating as it does not comply with social rules.
You know what time it is. All interactions with this tweets are noted.
🔑 Tag frens, drop wallet addy and keep an eye on DMs for $THUG pic.twitter.com/m5hPpKurTw
— Thug Life Token (@thug_life_token) June 26, 2023
Furthermore, the THUG token is the binding force that pulls the community together. At the moment, THUG sells at a presale discount of $0.0007. The presale ends as soon as the funds cross the $2,058,000 mark. At that point, the only way to join the movement is buying purchasing in the open market.
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