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Best Crypto to Buy Now June 29 – Stacks, Ecoterra, Maker

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The crypto market continues to pose more surprises to investors with wild fluctuation.  Since our previous update on the best crypto to buy now, trends resulting in trends point to growing interest in the DeFi sector. Assets in the category are printing varying levels of gains, with Compound leading the charge with about a 21% increase in value over the last 24 hours. 

The global crypto market cap gains 0.01% value in the last 24 hours to print a value of $1.17 Trillion. Trading volume however dropped by 4%, falling to $32.19 billion. DeFi makes up 8% of trading volume over the last 24 hours. Overall, bitcoin grows its dominance to peg it at 50.44%, but it continues to trade relatively sideways with less than 1% gains. 

Best Crypto to Buy Now

Today’s update features more DeFi-based assets as the sector seems to top the list of gainers. Also included in the list is one of the best-performing presales on the market, Ecoterra. Discover how ECOTERRA is about to rewrite how recycling is done in our world. The bigger news is that Ecoterra has entered the last stage of its presale. Find out more below. 

1. Stacks (STX)

Stacks is finally recovering after 7 days of a protracted downward trend. About 10 days ago the price of STX began an upward climb that took its value from $0.55 to $0.84. However, it encountered resistance at the $0.8 zone, which forced the coin into a sharp decline that continued throughout the week.

Nonetheless, STX suddenly found support at the $0.66 price point and started its recovery yesterday. Since then, it’s moved progressively along, gaining 7% in the last 24 hours with a value of $0.7 as of today. 

Stacks

Is Stacks the best crypto to buy now? Following the release of its State of Stacks report on the 28 of the month, the coin has seen progressive changes which aligns with the projections in the report. Generally, there was a boost in investor confidence when Stacks announced that there was a 34% increase in active addresses across the Stacks network. Besides that, the report also reported about a 330% increase in the value of STX in the first two quarters of the year. According to the report, that’s the highest it’s seen in the last 52 weeks. 

With the evidence of growth across the network and improvement across its network, Stacks may be headed for more gains in the coming months. From its technical analysis, it’s obvious that all moving averages print buying signals as their values remain in the $0.5 – $0.7 regions.

 On the other hand, the RSI (14) 58.9 reading is in the neutral zone. At the moment, the price of STX is quite discounted and might overcome the $0.8 resistance in the coming days. With that, investors can leverage the asset for short-term gains. 

2. Synthetix (SNX)

The price of Synthetix is up by 14% in the last 24 hours. Not only that, it’s also printed a 248% rise in trading volume in the last 24 hours. The sudden jump in price is coming after it dipped to almost $1.8 yesterday. 

However, yesterday’s drop in price is not coming as a surprise as it occurred across the board. What’s coming as a surprise is the sudden jump in price and trading volume on a day when the overall trading volume in the crypto market is down by 10%. DeFi recorded over 1.5% rise in trading volume over the same period. 

Synthetix

Synthetix price jump however may still be the result of the improved staking which was recently implemented across the network. The staking improvement may have sparked an increase in the demand for SNX as liquidity across the network dwindles from the staking pool. The tightening circulation is mounting a push on its value causing the intense spike observed across its chart. 

Is the price of SNX likely to drop below its current price range? The answer may be a no as SNX trading volume has jumped by 248% in the last 24 hours. With the current trend in the DeFi sector and across the Synthetix network. It might be the best time to hop on board and acquire some SNX tokens for the long term. Not only as a result of the sudden jump in SNX price alone but due to the growing interest of institutional investors in the DeFi sector. SNX is one of the best cryptos to buy now

3. Maker (MKR)

Is Maker pushing for the $900 mark? Several times in the last 30 days, MKR has pushed beyond the $700 price range. It reached as high as $720 in the last 24 hours before settling for $707. Even though MKR is yet to establish strong support in the $700 zone, it shows a continued push for a breakout. In the case of a breakout, the coin might see an overall gain of close to 20% in the coming weeks. 

Is MKR the best crypto to buy now? The technical indicators of the Maker token indicate strong buy signals. For example, its RSI (14) returns a value of 52, which falls fairly in the neutral region. Its moving averages are within the ranges of 605 – 700, pointing to strong buy sentiment. Now may be the best time to buy MKR before it finds support and continues its rally. 

Being the governance token of MakerDAO and Maker Protocol can also trigger a breakout in the MKR trend.  The rising demand for DeFi services will result in the demand for DAI stablecoin, which is the services offered by the MakerDAO and Maker Protocol. In the meantime, it’s best to take a medium-term perspective on the token as the market is relatively unstable now and it may affect the overall performance of most tokens in the long run. 

4. Solana (SOL)

The seeming rise in the DeFi sector seems to cut across all sectors of the market as Solana prints over a 100% rise in trading volume over the last 24 hours and a 6% rise in price. The spike in price is coming against the backdrop of a month-long downward trend which has forced a 17% drop in the price of SOL. It seems the falling coin has embarked on a recovery path, having established support in the $15 zone. 

Solana

The recent price changes may have been triggered by several use cases showing up on the network recently, especially in the DeFi sector. An instance is the deBridge features that now allow Solana users to access Ethereum platforms. With Solana pushing its way deeper into the concept of banking in Web 3.0, it is likely the price of the asset follows suit. 

With further cross-chain capabilities, the overall perceived value and versatility of Solana leap. A look at the technical indicator of SOL validates the assumption that the crypto is set for a protracted upward trend that would likely restore the 17% lost value in the coming weeks.  Its RSI (14) remains neutral at 50.96. However, Solana may not be a strategic long-term investment as it is notorious for being susceptible to resistance and pressure from bear markets. In the short term, its value is currently discounted for a possibility of a price rally. 

5. Ecoterra (ECOTERRA) 

It’s the last stage of the ECOTERRA presale. The token has surpassed its $5.5 milestone. According to its presale page, the next milestone is $6.7 million and it has pegged the deadline within the next 13 days. What’s driving the progress of this asset? The answer is a concern for the environment. The project is focused on cleaning the carbon footprint caused by industrialization and the recent spike in cryptocurrency mining. 

What’s interesting is that the Ecoterra team and platform are not trying to achieve this independently. It’s working hard to bring as many people on board to join the revolution. Its initiative brings recycling to the forefront of environmental action. Under the initiative, users of its platform earn tokens for participating in recycling activities. In its effort to prove the worth of this concept, the platform is currently gearing up for a test run, according to the information posted on its official Twitter handle. 

Without a doubt, this planet needs fast action and the time to take that action is now. One of the ways to start taking action is by becoming a part of the movement through the purchase of ECOTERRA tokens. At the moment, the token goes for $0.01 and it’s gearing up to go on the market any time from now. 

The benefit of this offer is that holders win in three ways. One they win by getting rewarded for participating in the recycle-2-earn program. Secondly, they benefit from the future increase in the value of ECOTERRA. Finally, they win by making the world a better place for all. 

Visite Ecoterra presale

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