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XRP has experienced increased inflows as investor sentiment has become more optimistic. This shift in market sentiment comes in response to growing speculation about a possible rate cut by the U.S. Federal Reserve. Recent indications from the Federal Reserve suggest a potential change in monetary policy, which is beneficial for digital assets.
Following the announcement of possible monetary easing, the cryptocurrency market witnessed a bullish surge, with several altcoins gaining from this trend. Consequently, market participants are now looking to capitalize on this upward momentum and are searching for the best crypto to buy right now.
Best Crypto to Buy Right Now
Recently, Garanti BBVA, a prominent bank in Turkey, has integrated XRP into its services. This development allows users to securely store and trade XRP directly via the Garanti BBVA Crypto app. Furthermore, NEAR has rolled out a significant update to its mainnet, named “Nightshade 2.0,” which enhances its network capabilities. Meanwhile, the IMX token has demonstrated strong performance, experiencing a 22.64% increase in value over the past week.
1. XRP (XRP)
Recently, XRP has been incorporated by Garanti BBVA, a leading bank in Turkey. This addition allows users to securely store and trade XRP directly through the Garanti BBVA Crypto app, enhancing accessibility for investors interested in digital assets.
The inclusion of XRP reflects the increasing interest in digital assets and offers a secure platform for investors to engage in the market. The token recently gained attention following the conclusion of its lengthy legal dispute with the U.S. Securities and Exchange Commission (SEC).
Moreover, this resolution and its recent price increase from $0.4 to $0.6 have attracted renewed interest in the asset. Given the current price trends, the token presents a potential opportunity for significant returns.
CoinShares reported a recent inflow of $0.3 million into XRP investment products, aligning with a broader positive trend in the crypto market. This interest is partly driven by speculation about the U.S. Federal Reserve’s possible interest rate cut.
Furthermore, XRP has been trading above its 200-day simple moving average and has shown positive momentum, experiencing 15 green days in the past month. It further exhibits high liquidity, making it one of the best crypto to buy now. According to CoinCodex, XRP’s price may rise by 20.53% to approximately $0.714 by September, reflecting the optimism surrounding its recent uptrend.
2. NEAR Protocol (NEAR)
NEAR Protocol is attracting attention due to its user-friendly approach to blockchain technology. The platform focuses on scalability and interoperability, aiming to make blockchain accessible to a broader audience. Its innovative sharding technology enables high throughput and reduces transaction costs.
This makes NEAR appealing for developers and businesses seeking efficient blockchain solutions. As the demand for blockchain adoption rises, NEAR has the potential to experience significant growth.
Recently, NEAR introduced a major update to its mainnet called “Nightshade 2.0.” This update is designed to enhance scalability and efficiency within the network. The Nightshade 2.0 features a “stateless validation,” a concept that has gained attention, particularly from Ethereum co-founder Vitalik Buterin.
Furthermore, the Stateless validation is expected to improve NEAR’s usability and overall network performance, positioning it more competitively in the blockchain sector. The Nightshade 2.0 update aligns with NEAR’s ongoing efforts to leverage sharding to increase scalability.
Say gm to the largest technological step toward NEAR's vision.
Say gm to stateless validation.
Say gm to Nightshade 2.0 🌺
NEAR Protocol's novel sharding design has been successfully upgraded and is live on Mainnet. pic.twitter.com/GHEbZz0zSE
— NEAR Protocol (@NEARProtocol) August 22, 2024
By breaking the blockchain into smaller, more manageable pieces, NEAR’s network can process a higher volume of transactions at a lower cost. This approach is similar to Ethereum’s roadmap.
Regarding market performance, NEAR’s token is currently trading at $4.86, reflecting an 18.31% increase over the past week. Moreover, the token trades above its 200-day simple moving average and shows high liquidity relative to its market cap.
3. Aave (AAVE)
Aave has rolled out its latest version, Aave V3, on the Era mainnet, which leverages zkSync to enhance blockchain performance and privacy. This update aligns with Aave’s ongoing strategy to strengthen its ecosystem. The primary goal of the launch is to increase liquidity and introduce more yield-generating options within the Elastic Chain ecosystem.
Users now have access to advanced zero-knowledge (ZK) technology, which reduces transaction costs. Chainlink will supply reliable and precise price information as part of this integration. The deployment of Aave V3 on Era also introduces new possibilities for privacy-focused decentralized finance (DeFi) applications.
This development could create private networks or networks tailored to specific asset classes and user requirements, potentially attracting institutional interest. In addition to the V3 launch, Aave Labs has incorporated BlackRock’s tokenized fund, BUIDL, into its platform.
Aave V3 is debuting on Era Mainnet, powered by @zksync, unlocking unprecedented scalability, privacy, and security while expanding the DeFi user base and new institutional use cases. pic.twitter.com/blNlUjsalX
— Aave Labs (@aave) August 21, 2024
Moreover, BUIDL, which represents traditional assets like cash and US Treasury bonds, aims to maintain the 1:1 convertibility of Aave’s stablecoin, GHO. This integration is intended to improve users’ asset management options. It also opens up the Aave DAO to a wider array of yield sources tied to real-world assets, potentially setting the stage for further collaboration with BlackRock.
Meanwhile, the AAVE token is exchanging hands at $127.97, reflecting a 3.39% drop in intraday trading. Despite this decline, the token has gained 27.90% over the past month. Market sentiment around Aave remains bullish, while the Fear & Greed Index stands at 48, indicating a neutral sentiment.
4. Pepe Unchained (PEPU)
Pepe Unchained (PEPU) seeks to build on the momentum generated by its predecessor, Pepe Coin. Unlike the original, Pepe Unchained aims to go beyond being a meme coin. The project focuses on leveraging Ethereum’s network to potentially create its blockchain in the future.
Pepe Unchained will alter the course of meme coins forever.
The whole world is starting to take notice.
$10 Million Raised.
This is a MONUMENTAL MILESTONE! Get ready for fireworks! pic.twitter.com/yrmU0WuvhV
— Pepe Unchained (@pepe_unchained) August 22, 2024
This strategic approach could allow the project to expand its ecosystem, including hosting other tokens or meme coins. Pepe Unchained can provide faster transactions and lower gas fees, essential for attracting and keeping investors. Additionally, the project has introduced a staking program with significant rewards.
At press time, over 865 million PEPU tokens are staked, offering an estimated annual return of 185%. This makes the staking option appealing to those interested in earning passive income.
The project has also succeeded in its presale, raising over $10 million. This success has generated momentum as the project approaches its next milestones, including listing the token on multiple exchanges. These developments could influence its market value. As PEPU moves forward, monitoring how these factors impact its growth and adoption will be important.
5. Immutable X (IMX)
Immutable X is making significant progress in resolving Ethereum’s challenges with scalability in the NFT space. As the first layer 2 scaling solution tailored for NFTs on Ethereum, it effectively addresses critical issues like limited transaction throughput and high gas fees.
This development enables faster and more efficient NFT transactions, which is particularly advantageous for users needing instant trading and the ability to conduct large-scale transactions. The platform uses zk-rollups technology, which processes transactions off-chain while ensuring the security of those transactions by storing proofs on Ethereum’s main chain.
Additionally, Immutable X offers an API abstraction layer for ease of use, simplifying the processes of minting, trading, and transferring NFTs for developers. This user-friendly interface has attracted interest from gaming and content companies that require seamless NFT integration. The platform also features a unified NFT wallet experience through its “Link” feature, which supports secure interactions with third-party marketplaces.
Recently, the IMX token has shown positive performance, with a 22.64% increase in value over the past week. The 24-hour trading volume also saw a rise of 20.06%, reaching $42 million at the time of reporting. Meanwhile, technical indicators on the daily chart of the IMX token suggest a strong bullish trend.
The token’s current liquidity reflects its robust market presence. According to Coincodex, the price of Immutable X is predicted to rise by 223.13%, potentially reaching $4.78 by next month.
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