{"id":431471,"date":"2023-08-20T14:15:24","date_gmt":"2023-08-20T14:15:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=431471"},"modified":"2023-08-20T14:15:24","modified_gmt":"2023-08-20T14:15:24","slug":"best-crypto-to-buy-now-august-20-synthetix-neo-optimism","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-august-20-synthetix-neo-optimism","title":{"rendered":"Best Crypto to Buy Now August 20 – Synthetix, Neo, Optimism"},"content":{"rendered":"

‘<\/span>Best crypto to buy now<\/span><\/a>‘ is one of the most searched cryptocurrency-related terms on Google, and InsideBitcoins lists some options daily.<\/span><\/p>\n

Despite some improvement in the last 24 hours, the crypto market still grapples with pessimism. The fear\/greed index rating, according to CoinMarketCap, is 34: the lowest the market has gone since the beginning of the year. <\/span><\/p>\n

Furthermore, the global cryptocurrency market cap is recovering gradually, increasing about 1.7% in the last 24 hours. <\/span><\/p>\n

\"Global<\/p>\n

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

Best Crypto to Buy Now <\/span><\/strong><\/h2>\n

Despite the shadows that cloud the crypto market, are there cryptocurrencies with promising potential in the coming weeks or months? Today’s review scans the market for undervalued. It provides insight into their performance and why they might outperform other cryptocurrencies in the market. It also includes upcoming cryptocurrencies that investors can add to their portfolios. Further details are provided below. <\/span><\/p>\n

1. OKB (OKB)<\/span><\/strong><\/h3>\n

Besides the challenge of low liquidity, OKB is one of the <\/span>best cryptos to buy now. The token has demonstrated resilience in the face of the recent market downturn. <\/span><\/p>\n

Even though the token’s price declined before the bearish market conditions, it managed to weather it without falling below its $42 support. <\/span><\/p>\n

As of this morning, the token is back on an upward trend, with over 3% gains in the last 24 hours. Today’s token’s price is $43.8, only a few points to $44. The question remains whether the token has enough rallies to push the needed gains.<\/span><\/p>\n

First, there’s a need to reiterate that OKB had climbed close to the $50 mark earlier in the month before encountering intense rejection. <\/span><\/p>\n

\"OKB<\/p>\n

At the time of writing, OKB has several upsides that help it reach far above the $44 market; we can see the value of the token climb as far up as the $50 third-quarter value. Moreover, recent mentions of <\/span>OKX copy trading<\/span><\/a> in the down market could attract social attention to the platform, especially among upcoming traders.<\/span><\/p>\n

The current price of OKB remains attractive as it is much lower than its 200-day moving average. Also, the recent pump recorded earlier in the month brought the total gains in the year to 187%. <\/span><\/p>\n

That’s much higher than the average crypto gains this year. Additionally, it’s the 19th green day for OKB in the last 30 days. Invariably, it is gradually becoming clear that OKB is on a positive path in the third quarter. <\/span><\/p>\n

2. Synthetix (SNX)<\/span><\/strong><\/h3>\n

Crypto liquidity Providers have recently been caught in the web of several skirmishes. Consequently, the value of their assets has fluctuated widely between highs and lows. Synthetix has spent most of the year trending relatively sideways. <\/span><\/p>\n

SNX attempted to break above its resistance as the DeFi market grew in the last 52 weeks. However, fluctuations in the market have forced the asset’s value to succumb to the pressure from the bears. <\/span><\/p>\n

\"Synthetix<\/p>\n

Despite the uncertainty of the past week, SNX has been able to fight back with a 24-hour gain of over 3%, putting its price back on the upward trend. However, there’s been little changes in its trading volume, and other fundamentals remain the same. <\/span><\/p>\n

SNX’s upsides, however, include the oversold RSI that presents an opportunity to take advantage of the imminent price change. In that light, investors and traders better take a short-term perspective. It helps prevent getting caught in the bearish sentiment that will trail the taken if it breaks above its resistance. <\/span><\/p>\n

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Yesterday's Synthetix Perps performance highlighted the resilience of both Synthetix and its integrators during high stress. The system flawlessly managed a surge in trades and volatile prices without skipping a beat.<\/p>\n

Decentralized systems like this are the future.<\/p>\n

— Synthetix ⚔️ (@synthetix_io) August 18, 2023<\/a><\/p><\/blockquote>\n