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The crypto market in July has been a wide shift between uptrend and bear pressure, with the past few days being the darkest of all. Amid the bear market, what are the best cryptos to buy now? Several crypto projects are currently making moves to prepare the ground for the next phase of their goals, mission, and vision. An example is the partnership Aragon is forming with blockchain platforms. The Litecoin community currently awaits the arrival of halving in the coming month. Other crypto communities are working to improve the demand and utility of their tokens. With this, there are opportunities to buy the dip and make some profit when the market gets back in the red. Before delving into the best tokens to buy now, below is a quick overview of what the market data looks like today.
Global Crypto Market Cap Chart
As of today, the global market cap is back in the red zone with a decrease of 3.2%, bringing the value back to $1.17 for the second time this week. However, the trading volume followed a different path with an increase of 16.3%. DeFi didn’t do so well, having dropped to 6.16% of trading volume in the last 24 hours. As for BTC, it retains its dominance at 49.9% but its value dipped by 0.05%.
Best Crypto to Buy Now
Buying the uptrend and the dip is the best way to benefit from every market situation. Investors with the assets featured in today’s update of the best crypto to buy now might take time to consider increasing their stakes. Otherwise, now might be the time to review the possibility of buying into these cryptos as they are likely to emerge on the uptrend after this downturn. However, there are opportunities in crypto presales as some coins are currently gathering steam. A good example is Thug Life, which we will review in detail later in the article.
1. Uniswap (UNI)
Uniswap is one of the most popular decentralized trading protocols available today with extensive use in the DeFi sector and exchanges. With growing interest in DeFi and institutional investors getting involved, Uniswap and other assets in the DeFi sector are some of the best cryptos to buy now. What’s interesting is that even though the price of Uniswap is down in the last 24 hours, its trading volume is up by almost 30%.
Furthermore, Uniswap is not only gaining relevance in price movement, but it is also gaining immense results in its performance. A recent stat released by GeckoTerminal shows that Uniswap completed over $391 million in transactions in 24 hours, making it the leading DeFi exchange platform by trading volume.
Now that’s a whole lot of swapping 👀
Uniswap Protocol has officially seen 200M unique transactions 🦄 pic.twitter.com/1TO3MyIphx
— Uniswap Labs 🦄 (@Uniswap) July 5, 2023
Similarly, there is anticipation that the anticipated Uniswap V4 protocol would cause a shift in the price of Uniswap. However, there are speculations that the launch might not come until the release of the Ethereum upgrade. The date for the Ethereum update is yet to be released. Nonetheless, in the meantime, investors can buy and hold UNI for medium-term gains.
2. Litecoin (LTC)
Nearly three weeks after Litecoin halving, LTC has plunged 8% into the red in the last 24 hours. Whether this is good or bad news remains a debate for the community. However, for investors, it is an opportunity to buy the deep. What’s typical of the LTC is that the seasons following its halving come with an intense spike in the price. With over 8% off its price, it’s coming in at a discount and it’s best to approach it with a medium-term strategy in anticipation of the ensuing market movement.
Looking at its charts, LTC has been on a declining trend since the early days of the month. The bulk of the decline may stem from the bears trying to force the price into a favorable dip to get in at the lowest price to pick the most favorable gains in the uptrend. However, where would the decline end? At the moment, one can only speculate where it is likely to go. Looking at LTC moving averages, the short-term EMAs range towards the sell signals at 96. However, long-term EMAs 50-day to 200-day tend towards the buy signals.
With an RSI of 53, LTC is neither overbought nor oversold. At its current price, it’s a good buy for the medium strategy. LTC investors at the moment, the price of LTC can’t fall below $85 before it returns on a recovery trend that would likely push it past the $120 mark.
3. Aragon (ANT)
Is the Aragon rally over or is it just kicking off? Against the backdrop of the trend in the market today, Aragon seems to have a stable performance overall. It’s not the first time Aragon is outperforming the market. In its Y2D performance, Aragon has done 160% overall performance, which is almost three times better than the performance of Bitcoin and the entire crypto market.
While most tokens nose-dive below their immediate support, Aragon still traded within its resistance with a price of $4.19 compared to its recent peak of $4.24. At its current price, it’s still $1.4 above its key support zone. What it means is that it still has enough room to form support at $4.0 to $4.1 zones.
Why’s Aragon showing so much resistance? Aragon is a simple-to-use tool that allows anyone to set up and launch DAOs. Since its launch in 2016, over 5000 use cases of the platform have been recorded. What makes it unique is that it is a zero–coding solution that allows users to experiment with Dapp creation. Aragon is currently executing aggressive expansion and partnerships across various blockchains.
The new feature on the @aragonproject App means thousands of Polygon communities & projects can launch their organizations on-chain without writing a single line of code, and at almost no cost 🤯
Learn how to import your tokens and start governing as a community in less than 10… https://t.co/Q0GO26u8Mt
— Polygon | Aggregated (@0xPolygon) July 5, 2023
Looking at the technical analysis of Aragon, it might be a good bet for a medium-stand strategy. Currently, its RSI (14) readings show it’s neither oversold nor overbought. The moving averages of the asset also range between the 3.0 – 4.1 ranges. This means that the market still considers the current price to be within range.
With the support established at $3.9 and the recent whale activity on the network, the only likely move available for Aragon in the meantime is up. The asset price might touch $5 before the end of the third quarter. However, it still has the resistance at $4.5 to conquer, as it recently tested the resistance. Invariably, investors might want to keep an eye on Aragon.
4. Verge (XVG)
Verge has not been the type of token that frequently tops the gainers’ list. However, it has appeared on Binance’s top gainers’ list and CoinMarket trending list for trending coins for several days this week. Although it’s not the first time it’s accumulated that much gain. Verge has been on a price movement that has added over 200% to its value in the last 7 days.
The price must be responding to the green flag given to the privacy tokens in Europe. Being the oldest privacy token in the category with ISO20022 compliance, it raises confidence in the mind of investors. XVG charts seem to show otherwise as the market sentiment toward the asset remains bright. Its moving averages indicate the buy signals, which are still within its current price range. However, its RSI (14) tends towards the overbought zone with a value of 77.
XVG might be the best crypto to buy now for short-term traders and investors. The only point to keep in mind is that it might encounter intense resistance if it enters the $0.01 price as many are speculating. Another factor to keep in mind is that the trading volume of the asset has dropped considerably below what it was at the start of the rally. Therefore, it’s best to keep as strictly to a short-term strategy as possible.
5. Thug Life (THUG)
It’s only 9 days to the end of the Thug Life presale. Degens are already getting in on the action and over $600k in presale funds have been thrown into the project. Not only that, 3300+ Twitter fans are already raving about the arrival of the memecoin revolution.
Why is it gaining so much progress? Thug Life is currently winning because of its perspective and the sentiment it brings to the crypto community. While other memecoins are focused on fitting into the norms in society, Thug Life is calling degens to live the life they want without caps to the extent of their fun, dreams, and exploits. It’s positioned itself as a community without limits.
https://twitter.com/thug_life_token/status/1673415521654435860
At the moment, THUG sells for $0.0007. The price will remain at that point for 9 days before it goes on exchange. The goal is to raise $2,058,000 In the presale round and at the moment Thug Life has attracted $610,417.68. It anticipates that in the next 9 days, the funds would be complete, and the presale would be closed. Now is the best time to get on board and become a part of the movement that changes the narrative of memecoins forever.
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