{"id":418717,"date":"2023-07-13T17:37:42","date_gmt":"2023-07-13T17:37:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=418717"},"modified":"2023-07-13T17:37:42","modified_gmt":"2023-07-13T17:37:42","slug":"best-crypto-to-buy-now-july-13-compound-mr-hankey-coin-nexo","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-july-13-compound-mr-hankey-coin-nexo","title":{"rendered":"Best Crypto to Buy Now July 13 – Compound, Mr Hankey Coin, Nexo\u00a0"},"content":{"rendered":"

There are rumors that the release of the consumer price index (CPI) might improve the performance of the crypto market in the coming weeks. Some traders speculate that the release of the CPI might push the price of BTC to $35000. Nonetheless, what are <\/span>the best cryptos to buy now<\/a>? As the market awaits better performance, especially in the price of bitcoin, other crypto assets, and presales are gaining ground. In the meantime, investors can capitalize on these assets. But before getting into the details, below is a quick overview of the global crypto market. <\/span><\/p>\n

The global crypto market cap has increased by 2.4% in the last 24 hours with a value of $1.22T, a 2.40%. Furthermore, the crypto trading volume also saw an increase of 10.7%, putting the value at $32.85 billion. DeFi transactions still hover around the unitary percentage at 6.68% of the total trading volume. BTC saw an increase in price with over 1.4% gains and its dominance dropped by a few decimals to 49.42%. <\/span><\/p>\n

\"Global<\/p>\n

Global Crypto Market Cap Chart<\/em><\/p>\n

Best Crypto to Buy Now <\/b><\/h2>\n

Although the crypto market is gradually getting back on track, it’s not enough reason to ignore portfolio diversification. As a matter of fact, periods of market stability are the best period for investors to look into diversifying their crypto portfolio. Those times give enough room for mistakes and experimentation. At the moment, presales offer some of the best hedging options. A good example to capitalize on right now is Mr. Hankey Coin. The HANKEY presale is set to go live on Thursday at 6 pm UTC (2 pm Eastern Time, 8 pm CEST, 7 pm BST). There’s a lot of upside to the HANKEY coin and investors should keep an eye on this one. Find more details about it below. <\/span><\/p>\n

1. SingularityNET (AGIX)<\/b><\/h3>\n

SingularityNET tops the gainers’ list today. AGIX added over 12% to its price in the last 24 hours. AGIX was introduced in 2017 as a platform that allows everyday users to create, share and monetize AI-backed services. The platform quickly received wide recognition and several use cases of the platform went to the market. At some point, the price of AGIX reached $1.46. However, the AI projects seemed ahead of their time when SingularityNET went on the market and the price of the token plunged below $0.1. Despite the bull run of 2021, AGIX recorded a mild rally that only pushed its price upwards of $0.2. <\/span><\/p>\n

However, recent interest in the AI sector is beginning to reflect in the price of AGIX. the price of the token in the last 30 days has increased by 22% and its price Y2D has jumped by 650%. With the launch of the xAI, there are speculations that the Crypto AI sector might receive an influx of investment in the coming days and the reflections of the fact are seen in the trend across the board. <\/span><\/p>\n

\"Singularitynet<\/p>\n

At the moment, SingularityNET and some other <\/span>AI-backed crypto projects<\/span><\/a> might be the best crypto to buy now. Especially for long-term edging. As a  matter of fact, over record shows that over<\/span> $92 billion have been committed to the AI sector since 2018<\/span><\/a>. Ultimately, many more billions of dollars will still sip into the sector as the technology evolves. As a crypto investor or trader, it’s best to get involved early before the sector reaches its full potential.  <\/span><\/p>\n

2. Bitcoin Cash (BCH)<\/b><\/h3>\n

BCH has faced intense price resistance since the early days of the month, Its price has progressively fallen from $305 to $285. In fact, BCH reached the $275 range at some point in the last 24 hours before moving to its current price. Unfortunately, it’s not the first time BCH has fallen below that range. The price of BCH fell as low as $262 a few days ago before bouncing back to regain its upward trend. <\/span><\/p>\n

Today, BCH recorded gains of 2% in the early hours of the day. However, the gains are being contested by the bears as the impact of the FUD spread across the market. BCH price continues to fluctuate widely between the highs of $285 and the lows of below $275 with no specific trend at the moment. Why is the price of BCH trending sideways? Ideally, the price of BCH should follow a similar trend as BTC. However, despite BTC touching $31k in recent times, BCH is battling for survival. <\/span><\/p>\n

\"BCH\"<\/p>\n

Nonetheless, BCH might be the best crypto to buy now. The reason is that Binance has clarified the glitch causing the FUD, and the dust seems to settle. The restored confidence might bring the token back to its upwards trend in the coming days. The interesting fact is that beyond the $305 resistance, It is likely the price of BCH may rally into the $350 region. BCH might be one of the best to watch now as the price continues to climb amid bear pressure. <\/span><\/p>\n

3. Compound (COMP)<\/b><\/h3>\n

Compound can easily be described as one of the highest gainers in the altcoin categories in the last 7 days. The token has recorded an increase of over 22% in the last 7 days and 158% in the space of 30 days. Not only that, in the last 24 hours, It gained the top 7%, pushing the price to $72 before settling for its current price of $70. Besides its increasing price, the trading volume of COMP has also recorded an increase of over 26% in the last 24 hours. <\/span><\/p>\n

\"Compound<\/p>\n

What’s fueling the gains of COMP? The bulk of the spike in the price of Compound comes from the increasing wallet addresses connected to the network.  Besides the new addresses, ongoing upgrades targeted at improving the lending and borrowing experience of users seem to instill confidence in the platform as the price has been on an upward trend. since its inception in the early days of the month. <\/span><\/p>\n

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Introducing Encumber: https:\/\/t.co\/EUW9iumK07<\/a><\/p>\n

Encumber is a new mechanism that improves on the concept of token allowances. Encumber allows users to retain custody of their tokens, while granting another address the exclusive right to transfer those tokens. For lending…<\/p>\n

— Compound Labs (@compoundfinance) July 6, 2023<\/a><\/p><\/blockquote>\n