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Today seems a lot different as many of the assets featured in our update print upwards of 30% gains in the last 24 hours. The market performance today looks impressive compared to what we saw in our previous update of the best crypto to buy now. Now to the global crypto market.
The global crypto market cap gained 2.2% in the last 24 hours, returning a value of $1.2 trillion. Similarly, Global crypto trading volume seems to follow the growth path by gaining a total increase of 37% in the last 24 hours to print $40.59 billion. On the heels of the growth is the DeFi sector making up 7% of the total trading volume in the last 24 hours. Bitcoin finally slides into the 1% gains after many days in the decimals.
Global Crypt Market Cap Chart
Best Crypto to Buy Now
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. Compound (COMP)
The compound has been on an upward trend since the opening of the week and has continued undeterred. Earlier in the week COMP started printing price gains that added over 700% to its daily trading volume. The sudden jump in price action signals that there was more to come for the asset. Cumulative gains over the last 7 days have amounted to over 81% and it still maintains its upward trend.
With the increasing activities in the DeFi sector, COMP and other assets in the category have enjoyed massive price gains. In the last 24 hours, COMP price gained a 40% increase and its daily trading volume increased by 400% over the sale period. Given its current price trend, COMP qualifies as one of the best cryptos to buy now.
A quick review of its technical indicators shows that the coin is only just starting what might be a protracted upwards trend. For example, the 10-day EMA of the Compound token, according to its chart, stands at 40.66, which indicates a buy signal, its 100-day EMA, and the 200-day EMA returns 37.38 and 41.28 respectively. However, its RSI (14) tends towards the overbought signals which return a value of 79.
Another interesting event that makes COMP an attractive asset to hold at the moment is its recent partnership with Galxe. It announced the relationship on its official Twitter handle on the 27th of the month. And surprisingly the price jump has continued upwards since then, given the over 11 million unique users of the Galxe platform.
Excited to be partnering with @LineaBuild as part of their DeFi Voyage quests!
See all the DeFi quests: https://t.co/kudL2XqcCv
Try Compound on Linea Goerli: https://t.co/rULfIN4Zyf
— Compound Labs (@compoundfinance) June 27, 2023
This is the leading platform for building a Web3 community. With over 11 million unique user
Nonetheless, the coin has found support at $49 after trading sideways for most of yesterday. Therefore, it’s easy to deduce that it might continue in the $50 zone for the remainder of the week. Investors should look into the asset for short and medium-term investments. Long-term investments in COMP might be slightly risky as the coin might face intense price resistance in the future due to the net loss it’s printed since the crash of 2022.
2. Pepe (PEPE)
Pepe coin has faced a wild price fluctuation as the rivalry between the bulls and the bears heat up. The coin spent most of the week in the red even though assets in other categories printed immense gains. The pressure on the Pepe coin is coming mostly from new memecoins entering the market and offering a potential for early investors to gain profit from the small-cap.
However, is Pepe the best crypto to buy now? Compare to most of the memecoin joining the market, Pepe is still the best memecoin to buy now. As of today, it gained a 12% increase in value over the last 24 hours. Not only that, but Pepe has also seen an increase of 70% in its trading volume, which is many times more than what’s obtainable in other crypto in the meme category.
Furthermore, Pepe is known for its quick price recovery, compared to other coins in the memecoin category. For example, the recent bear market during the week forced the price of PEPE below $0.000001500, it regained its initial value of $0.000001700 within 48 hours and has continued to mount pressure on its resistance, gearing up for what could be a breakout.
In addition, PEPE trading pares going live on Gemini also opens doors to future opportunities for the coin. That also came as an improvement in the growing community of holders. Memecoin lovers should keep an eye on the pepe as it’s still going as strong as ever, adding over 2000% gains in the year. Much higher than the gains recorded across major coins and Altcoins.
3. Bitcoin Cash (BCH)
The debate in the crypto market is whether Bitcoin Cash will amass $1000 value in its current rally. The asset embarked on its growth trend about 10 days ago and has continued unabated, printing a gain of over $160 in the period. Within the last 7 days alone, the total growth in value has reached 113% and this is still growing as it has an increase of 31% in the last 24 hours. The gains in the value of BCH are largely due to the increase in DeFi activities across its main chain. However, recent listings on EDX continue to influence its gains as the rise in price started about the time it was listed on the platform.
Will BCH cross into the $1000 zone in 2023? The answer depends on many factors. However, the current challenge is that BCH is yet to consolidate its price in the $300 price zone. If BCH finds support in the zone, it might witness a price rally that would push its value into the $350 – $364 range.
Bitcoin Cash moving averages remain in the buy zone with values in the ranges of 124 – 217. However, the RSI (14) records 89, which indicates that the asset is tending towards an overbought zone and might soon embark on price consolidation. Bitcoin Cash is one of the best cryptos to buy now for short, medium, and long-term hedging.
4. Litecoin (LTC)
With only a few weeks to the much anticipated Litecoin halving, the crypto is beginning to see some gains in price. In the last 24 hours, the coin gained a 12.9% increase in price to print $96.22. Despite the growing price, the number of active addresses across the network seems to be on a declining trend as the number falls below 60k. However, despite the declining activities across many addresses, the trading volume jumped by 126% over the past 24 hours alone.
Most halving completed this month has led to a major gain in price. For example, dash has been seeing consistent growth in its price following its halving event a few weeks back. With Litecoin halving on the way, now may be the best time to scoop up some LTC in anticipation.
Litecoin, one of the lucky four chosen for EDX Markets, a new crypto exchange backed by major Wall Street players Charles Schwab, Citadel Securities, and Fidelity Digital Assets. – @decryptmedia https://t.co/MdrJ3K1JxU
— Litecoin (@litecoin) June 29, 2023
With an increasing mining difficulty across the Litecoin network, confidence in the asset might see a boost in the days following its halving. The coin might continue its protracted growth into the fourth quarter. Investors should consider this asset for medium-term investment. Another interesting fact to bear in mind is that LTC is also among the coins listed on the EDX platform, which is another boost in its value as the platform is backed by some of the strongest financial service companies in the world.
5. Deelance (DLANCE)
Upcoming crypto asset, Deelance just has swept past the $1.4 million mark and has set its gaze on $2.3 million. As a quick overview, the Deelance platform is on a mission to disrupt the freelancing platform and redefine how professionals control their career growth and contribute to the world at large. It has set out to activate this aim through the power of a decentralized model, backed by sophisticated blockchain technology.
With the Deelance solution, employers and freelancers can find a more accommodating environment to thrive and interact. What’s more interesting is that the platform leverages the values of NFTs to provide the right protection to creators and employers.
Hey DeeLancers!
🚀 Don't miss out on the DeeLance presale!
Join us and unlock the power of our ecosystem, combining the Metaverse, NFT marketplace, freelancing, and job hiring platforms.
Get in early and secure your $DLANCE tokens at the price of $0.043
It's your chance to… pic.twitter.com/Py0HvGQGqW
— DeeLance (@deelance_com) June 29, 2023
Deelance is not only a platform that’s geared towards benefiting freelancers and employers alone. The DLANCE token, which is the native currency of the platform is available for sale in its ongoing presale offer. At the moment, it’s offered for $0.043. In 15 days, its price will go up to $0.043. The increase will continue until it attains its listing price of $0.057. Now is the best time for crypto investors and enthusiasts to jump on board and benefit from the first-mover advantage. When it goes live, the price might take a leap and the increase is unpredictable.
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