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The global market continues to experience turbulence, with fluctuating prices and uncertain trends. However, some altcoins are showing potential for significant growth. A recent surge in specific tokens has drawn attention, prompting speculation about possible gains soon. This article examines the best crypto to buy right now, highlighting those that may be positioned for growth, offering investors a cautious yet optimistic outlook.
Best Crypto to Buy Right Now
ORDI’s price notably increased at the beginning of the week, aligning with a modest recovery in the broader cryptocurrency market. Meanwhile, Aave and Sky have recently revealed their collaboration to launch the Sky Aave Force. Additionally, Sei has partnered with Crossmint to integrate various tools, including tokenization, wallets, and payment systems.
1. ORDI (ORDI)
ORDI’s price increased noticeably at the beginning of the week, coinciding with a slight recovery in the broader crypto market. Beyond general market trends, steady investor support has helped to maintain ORDI’s upward momentum.
The recent price rise can be attributed largely to consistent inflows since late June, which have helped ORDI resist the broader market’s downward pressures. If this capital movement continues, the token could be well-positioned for further gains, assuming favorable market conditions persist.
At press time, ORDI is exchanging hands at $32.14, reflecting a 14% intraday surge after reaching a support level of $25.55. If this positive trend continues, ORDI might surpass the $35.56 resistance level. Securing this as new support could pave the way for more significant price surges.
Historically, the $35.56 level has served as strong support for ORDI, suggesting the potential for the altcoin to rise to $40 or beyond. However, overcoming the next major resistance at $46.53 would likely require sustained bullish momentum.
From a technical perspective, ORDI trades above its 200-day simple moving average and boasts high liquidity based on its market capitalization. The 14-day Relative Strength Index (RSI) is at 59.59, indicating a neutral stance, which could suggest sideways trading in the near term. According to Coincodex, ORDI’s price is predicted to reach $104.68 by October.
2. Crypto All-Stars (STARS)
Crypto All-Stars (STARS) is an intriguing new presale that has garnered attention, particularly due to its innovative ‘MemeVault’ feature. This staking protocol allows users to stake various meme coins across multiple blockchains within a single platform.
According to the project, security has been a priority, with audits completed by SolidProof, which suggests a focus on building trust among potential investors. The project’s popularity is rising, especially on social media, driving increased token demand.
The presale is structured across 50 stages, with the token price incrementally rising at each stage. This tiered model potentially benefits early investors who secure tokens at lower prices, though it also allows later participants time to conduct their research before committing.
The STARS presale has surpassed the $932,000 mark and is approaching the $1 million milestone. The project is offering an Annual Percentage Yield (APY) of 1527%, which is notably high and could be appealing to those seeking significant returns. However, the gradual increase in token price with each stage may also prompt potential investors to weigh their options carefully before participating.
Visit Crypto All-Stars Presale
3. Aave (AAVE)
Aave and Sky, previously known as MakerDAO, have recently announced a collaboration to launch the Sky Aave Force. This initiative aims to bridge decentralized finance (DeFi) with traditional financial systems. The proposal centers on integrating USDS and Savings USDS (sUSDS) into Aave V3, introducing native token rewards, and creating a new Spark.Fi/Aave market.
This market is designed to facilitate seamless interactions and offer exclusive benefits to users. One key aspect of the proposal is that sUSDS supplies on Aave V3’s Main Market will be eligible for the SPK pre-farming airdrop program, which distributes 3.33 million SPK tokens monthly.
Additionally, the proposal suggests deploying a USDS Direct Deposit Module (D3M) to the Aave Lido Market, with an initial debt ceiling of $100 million. This strategy encourages mass adoption by maintaining this ceiling until market rates stabilize, with collateral provided by highly liquid assets like ETH and wstETH.
Turbocharging DeFi: Introducing Sky Aave Force pic.twitter.com/foY4LqQj6j
— Aave Labs (@aave) September 3, 2024
This collaboration coincides with the increase in the price of the AAVE token, even as other cryptocurrencies struggle to maintain stability. At the time of writing, AAVE was trading at $131.38, reflecting a 6.61% intraday increase. The token is maintaining its bullish momentum, holding above key support levels.
Moreover, AAVE is currently ranked as the 39th largest cryptocurrency by market capitalization, with a market dominance of 6.59%. The Sky Aave Force partnership appears to be a strategic move aimed at enhancing DeFi sector growth while providing new user opportunities on both platforms.
4. BNB (BNB)
BNB Chain has recently announced a strategic integration with OpenSocial Protocol, an infrastructure layer for building social applications. This partnership aims to accelerate the development of dApps within the Web3 space.
Moreover, OpenSocial will help in developing a social graph system for BNB Chain’s BNB Attestation Service (BAS) and BNB Greenfield. As the execution layer, it will enable user interactions with dApps, becoming the primary social data layer for BNB Chain developers and users. This integration will offer “Social Graph as a Service” (SGaaS), fostering the growth of social dApps on the platform.
Additionally, BNB Chain has introduced the BNB Chain Bridge, a significant advancement in cross-chain interoperability. Developed in collaboration with Celer, deBridge, and Stargate, this bridge is intended to improve cross-chain connectivity, liquidity, and user experience on the BNB Chain.
We recently announced the launch of the BNB Chain Bridge!
Developed with @CelerNetwork, @deBridgeFinance, and @StargateFinance this new bridge enhances cross-chain interoperability & user experience.
Learn more in our blog below 👇 https://t.co/BM08mDBSTM
— BNB Chain (@BNBCHAIN) August 31, 2024
The BNB Chain Bridge offers a user-friendly interface that simplifies cross-chain transactions, linking users to popular tokens and bridges seamlessly. This development is expected to enhance user experience and boost liquidity on the platform.
The recent advancements and collaborations have positively impacted the BNB token’s market performance, leading to a surge in its value. At the time of writing, BNB is trading at $534.54, reflecting an intraday increase of 2.69%. The token performs well above the 200-day simple moving average and shows strong liquidity relative to its market cap.
5. Sei (SEI)
Sei has recently partnered with Crossmint to integrate its suite of tools, including tokenization, wallets, and payment systems. This collaboration is designed to enhance developers’ capabilities on the Sei platform, enabling them to create scalable and efficient applications easily.
The integration leverages Sei’s parallelized architecture, which is expected to foster innovation and broaden accessibility within the Crossmint ecosystem and the wider crypto space. Moreover, Sei operates as a specialized Layer 1 blockchain tailored for trading activities.
Its architecture is optimized to manage a high volume of orders per second, offering a transaction finality of 380 milliseconds. This quick and reliable processing speed is intended to provide exchanges with a competitive edge.
Excited to welcome @crossmint to the Sei ecosystem!
Crossmint’s suite of tools—including tokenization, wallets, and payments, empowers developers on Sei to create scalable, seamless applications more quickly and efficiently.
Leveraging Sei’s unique parallelized design, this… pic.twitter.com/Ugz1on1Q8v
— Sei 🔴💨 (@SeiNetwork) August 28, 2024
Additionally, the network’s security is a priority, with large institutions expected to support it, underscoring a commitment to stability and safety. At press time, Sei’s price is $0.282176, with a 24-hour trading volume of $146.30 million and a market capitalization of $931.18 million, giving it a market dominance of 0.04%.
The price has increased by 2.02% in the last 24 hours, placing Sei among the top crypto gainers of the day. Its market cap also indicates high liquidity. Furthermore, Sei’s 14-day Relative Strength Index (RSI) is currently at 48.79, suggesting that the token is in a neutral phase and may continue to trade sideways soon.
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