{"id":435003,"date":"2023-08-30T19:40:08","date_gmt":"2023-08-30T19:40:08","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=435003"},"modified":"2023-08-30T19:40:08","modified_gmt":"2023-08-30T19:40:08","slug":"best-crypto-to-buy-now-august-30-solana-render-compound","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-august-30-solana-render-compound","title":{"rendered":"Best Crypto to Buy Now August 30 – Solana, Render, Compound"},"content":{"rendered":"

InsideBitcoins regularly provides a rundown of the <\/span>best cryptocurrencies to buy now<\/span><\/a>, taking into account their recent price performance. <\/span>The market trend that followed Grayscale’s legal victory surprised the entire crypto community. <\/span><\/p>\n

At first, the global cryptocurrency market cap increased by over $50 billion within an hour. Additionally, the BTC price increased by $2k within a few hours before settling for its current price range of about $27k. Moreover, crypto trading volume saw a boost of over 100% in the periods following the news. <\/span><\/p>\n

Best Crypto to Buy Now<\/b><\/h2>\n

Nonetheless, the tentative return of normalcy to the crypto industry still left many people sceptical. Some investors are optimistic that the resultant trend is a precursor to the Blackrock ETF, but others believe it’s only a bull trap intended to sink investors who fall for it. Despite the mixed feelings across the market, several indicators reveal that the crypto market is finally returning to life. <\/span><\/p>\n

\"Global<\/p>\n

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

For example, the Fear\/Greed index jumped from 34 to 42 within the last 24 hours. Hence, it indicates that there’s growing optimism in the future of the crypto industry. With that said, what are the best cryptos to buy now? As the dust of the bear market settles, we’ve identified some assets that are on the path to becoming major winners. Below is a quick overview of what they have to offer. <\/span><\/p>\n

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

The compound’s performance has been below par since the bearish market of August 18. The token lost over 25% of its value in less than 48 hours, bringing the price of COMP from $55 to $41. In the last 24 hours, the token saw a 6% price increase and over 50% trading volume. <\/span><\/p>\n

The sudden increase in the value of COMP may have stemmed from the overall performance of the crypto market, as the COMP ecosystem has not been quite active recently. Hence, the value pump may be traced to holders who are probably accumulating in anticipation of an overall increase in value. <\/span><\/p>\n

Is COMP one of the <\/span>best cryptos to buy now<\/b><\/a>? The technical indicators of COMP signal potentials that investors need to watch closely. On the upside, COMP’s recent performance places it ahead of over 60% of the cryptocurrencies in the market. <\/span><\/p>\n

\"Compound<\/p>\n

Additionally, the token’s current market cap indicates that the token boasts high liquidity, a sign that investors would be comfortable investing in the asset. <\/span><\/p>\n

Also, COMP’s inflation rate is one of the lowest on the market, with about 0.64% inflation rating. Thus, COMP has several upsides to qualify it as one of the <\/span>best cryptos to buy now. <\/span><\/p>\n

However, on the flip side, there are other negative signals to consider before deciding on crypto. <\/span><\/p>\n

Firstly, COMP has only had ten green days in the past 30 days. Hence, there’s been a decrease in its price. The current price of the asset is way below its 200-day moving average. Hence, today’s price pump may be short-lived. <\/span><\/p>\n

2. Injective (INJ)<\/b><\/h3>\n

Injective caught the attention of the crypto industry this month after it announced its new burn strategy termed tokenomics 2.0. The strategy allows every dApp within the Injective ecosystem to participate in the auction pool with as much as 100% of their fees earned on the platform. <\/span><\/p>\n

Injective made another move yesterday when it announced the launch of Helix Institutional. The new project is intended to provide a new trading platform for financial organisations. <\/span><\/p>\n

According to the announcement made on Injective’s official Twitter handle, Helix Institutional will enable trading of derivatives, real-world assets (RWAs), FX, Indices and more. <\/span><\/p>\n

\"Injective<\/p>\n

The new platform is designed to support trading within a fully permissioned environment. The project would open new opportunities for the Injective protocol and its ecosystem. <\/span><\/p>\n

Besides the launch of Helix International, other projects that recently went live on the injective network include the Side Protocol. The integration brings the inter-chain capability of Side Protocol to the Injective platform. Coupled with the lightning speed of Injective, it is believed that the DeFi sector would see a new level of efficiency. <\/span><\/p>\n

The activities and enhanced fundamentals across the Injective network have caused a surge in the price and trading volume of INJ. The token increased over 5% earlier today, and its trading volume had a 24-hour increase of over 50%. <\/span><\/p>\n

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1\/ Helix Institutional is officially launching today, providing a brand new trading portal custom built for financial organizations.<\/p>\n

The new platform enables trading of derivatives, RWAs, FX, indices and more in a fully permissioned environment 🏦https:\/\/t.co\/cAloKru7YJ<\/a><\/p>\n

— Injective 🥷 (@injective) August 29, 2023<\/a><\/p><\/blockquote>\n