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The growing uncertainty in the market lingers, just as speculations and fearmongering persist. First is the news of the departed executives of Binane, and then the rumor of a looming Bitcoin crash. However, despite the moves to raise the FUD in the crypto sector, we’re witnessing a quick recovery across the board. Notwithstanding the fluctuations, what are the best cryptos to buy now? Before jumping into the details of the best-performing cryptocurrency today, below is a quick look at the overall performance of the crypto market in the last 24 hours.
Global Crypto Market Cap Chart
The global crypto market cap stands at $1.18 trillion with an increase of 0.08% over its price 24 hours ago. Trading volume, however, didn’t do so well as it declined by 1.1%. On the other hand, DeFi continues to print increasing volume making up 8.63% of the total crypto trading volume in the last 24 hours. Also, Bitcoin increased by 0.07% today, and its dominance reached 49%.
Best Crypto to Buy Now
Looking at the recent development in the crypto industry, one would agree that the mounting uncertainty can only be insured with a well-diversified portfolio. Buying listed cryptos is a great investment decision, mainly because it’s easy to track the performance of the asset in real-time. However, presales make excellent alternatives in periods of uncertainties like the one we are currently experiencing. What’s even more preferable is identifying presale offers with immense potential and utility in the future. Today’s update of the best crypto to buy now features Deelane. It’s a crypto project that might change the world of work forever. The article says more about it.
1. Shiba Inu (SHIB)
Why’s the trading volume of Shiba Inu on the rise? As of today, Shiba Inu recorded an increase of 125% in transaction volume. Similarly, its price saw an 8% increase in value compared to its price 24 hours ago. It’s the first time Shiba Inu trading volume spiked in the past 7 days. As of the 8th of July, the trading volume went up as high as 361%. With the current pace of gains, SHIB is one of the best crypto to buy now.
The sudden price recovery is coming ahead of the much-anticipated Shibarium launch in August. Shibarium, the layer-2 blockchain that’s built on the Shiba Inu network is intended to allow the deployment of crypto projects that utilizes the crypto assets within the Shiba Inu ecosystem such as the BONE, TREAT, SHIB, and LEASH.
Reports identify intense whale activities following the announcement that the platform is likely to go live in August. In addition, information from the Shibarium team suggests that the platform is likely to debut with as many as 150 projects. With such immense utility, there’s likely going to be a spike in the price of SHIB in the coming months.
While SHIB has endured protracted days of bears, it is gradually coming out of the downward trends. Now might be the best time to buy into the SHIB and position for the return of the coin as it reinforces its utility.
2. Injective (INJ)
INJ has finally shaken off the pressure from the bears and climbed back into positive price action. The 7-day downward trend of INJ saw a recovery in the last 24 hours as it embarked on an upward trend. Layer 1 banking-related platforms like Injective are quickly becoming investors’ delight. Injective was designed as a platform to power up the operation of DeFi apps. In addition, the ecosystem and utility of Injective extend into sectors like Exchanges platforms and the features market as well as lending.
As of today, INJ saw over a 6% jump in price and a 52% increase in its trading volume. The changing price coincides with extensive use cases of Injective platforms popping up across the crypto industry. For example, a recent post on its official Twitter handle showcases major web3 platforms that have integrated Injective into their platforms.
Also was just notified that a few other major Web3 companies have integrated Injective, including
👍@bitgetglobal
👍@gate_io
👍@BithumbOfficial https://t.co/chB79eKhaM— Injective 🥷 (@Injective_) July 9, 2023
Not only are its use cases driving up confidence in the platform, but another update on its official Twitter handle also reveals that over 40 million INJ tokens are now staked on the PoS injective network. What that means is that there will be tighter INJ in circulation. Not only would the staking reduce the circulating supply of INJ but, the burn would also put some of the supply out, which means further tightening of its supply. Invariathere arere’s likely to be rising prices in the coming months. Investors might want to keep an eye on the token as it’s likely to see a rise in value in the coming months.
3. Stellar (XML)
Stellar has recorded a 2% pump in price in the last 24 hours. While that might be a really small shift, it’s not insignificant considering that Stellar had Traded sideways for most of the moment. Generally, Stellar is one of many assets that often go unnoticed.
Stellar is a novel peer-to-peer platform that was created to connect the world’s financial systems. It offers a payment protocol that allows financial institutions and payment providers to interoperate. As a blockchain-based financial service provider, Stellar leans towards providing swift and low-cost movement for financial resources. The growing shift in the crypto industry and the sudden interest of institutional investors in Bitcoin seem to create a spike in the demand for the services of platforms like Stellar.
Furthermore, there is speculation that Stellar might be pushing to improve how money moves around the globe through the SWIFT network. If the project is successful, XML might be at the center of a multi-trillion-dollar opportunity. However, there is no way to verify the speculation at the moment. However, there are some points of concern around the XML token. While XML is getting ahead with its price, its trading volume is not following along. The declining trading volume might stem from the little effort from the team towards expanding its use cases at the moment.
Nonetheless, from the details inferred from looking at the XML data, the asset has immense potential and investors should keep an eye on it. Stellar might be one of the best cryptos to buy now, especially for long-term strategy.
4. Kava (KAVA)
The price of KAVA went up by 2% in the last 24 hours, coming against its year-long decline that’s shaved over $1 from its price. With the immense decline in price, interest in the KAVA token seems to disappear. However, could this be KAVA staging a recovery?
KAVA is a layer-1 blockchain platform that solves the problem of speed and cross-chain solutions. It is like combining the cosmos and Ethereum in the same network. It gained popularity and use cases after its debut which took the price of its token KAVA up above $9 in its ATH. However, as competition intensifies, its grip on market share declines, which has forced the price down to its current rate.
Recently, the rise in the use cases of KAVA seems to prime investors’ interest as the coin seems to stall in its downward trend and started trading sideways in the past 30 days. The last 7 days have seen the coin testing its $1 resistance. It’s traded around this region throughout the month. What this mean is that there could be a breakout in the coming months which might push the price as far up as $1.5.
if it successfully breaks through the resistance. The only factor to bear in mind is that KAVA trading volume is quite low and the uptrend might not have enough momentum to push for so long if it finally starts. Therefore, it is best to consider thinking short-term rather than long-term.
5. Deelance (DLANCE)
Deelance presale is still gliding forward with over $1.5 million raised so far. The next milestone to conquer is currently set at $2.3 million and it’s only a matter of time before that is conquered. The only question is whether the world knows the potential of this revolutionary platform.
The DeeLance project is initiating a paradigm shift in the way we work and connect. It’s a revolutionary blockchain-based project that’s about to change the narrative of freelancing and everyday work. In its approach, it’s going to put the power to decide, engage, price, earn, and execute in the hands of employees and employees.
Hey DeeLancers!
🌟 Join the DeeLance revolution and experience a paradigm shift in the way we work and connect!
Our presale grants you entry to an ecosystem where boundaries fade, creativity flourishes, and opportunities abound. 🚀
Own your virtual office in the Metaverse,… pic.twitter.com/rE7VInk5vR
— DeeLance (@deelance_com) July 9, 2023
The playing field is about to get leveled and everyone, employer and employee alike, would have equal power to work from anywhere in the world. However, the vision is decided by the amount of support it gets and the army that rallies around to make the vision a reality. It’s why the Deelance team calls on the investors to pitch and be a part of the presale.
Currently, the price is $0.043. However, in about 6 days, it’ll move up to $0.048. Now is the best time to take advantage of the discount before it moves up. At the end of the presale, the listing price goes as high as $0.057. Early investors can catch the windfall and enjoy the first-mover advantage.
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