{"id":564280,"date":"2024-08-13T15:53:22","date_gmt":"2024-08-13T15:53:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=564280"},"modified":"2024-08-13T15:53:00","modified_gmt":"2024-08-13T15:53:00","slug":"best-crypto-to-buy-right-now-august-13-aave-thorchain-injective","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-right-now-august-13-aave-thorchain-injective","title":{"rendered":"Best Crypto to Buy Right Now August 13 – Aave, THORChain, Injective"},"content":{"rendered":"

As interest in crypto continues to grow within traditional finance, the increasing ease with which market participants can add crypto to their portfolios is poised to have a significant impact. This rapid development highlights the rising importance of digital assets in investment strategies.<\/span><\/p>\n

This trend is already evident, as many crypto-based ETFs have been announced. Several other crypto ETF proposals are awaiting regulatory approval, including Solana ETFs and diversified options like the Hashdex Nasdaq Crypto Index ETF. Moreover, if these developments proceed, digital assets will become even more integral to the investment landscape. In light of this, investors search daily for the <\/span>best crypto to buy right now for potential gains.<\/span><\/p>\n

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

Aave demonstrates a strong trading presence with a market cap of $1.43 billion and a 24-hour trading volume of $394.54 million. Meanwhile, Celestia is gearing up for its first major update, Lemongrass, which will introduce several key improvements to its architecture and functionality. In addition, Utila, a leading institutional Multi-Party Computation (MPC) wallet, has recently integrated with Injective, highlighting ongoing developments in the blockchain space.<\/span><\/p>\n

1. Aave (AAVE)<\/b><\/h3>\n

Aave enables users to lend and borrow digital assets without needing intermediaries. The platform supports a range of altcoins and stablecoins, allowing users to borrow these assets at variable or stable interest rates.<\/span><\/p>\n

Currently, the token is trading 23.44% above its 200-day Simple Moving Average of $78.04. Its 14-day Relative Strength Index is at 60.18, indicating that the token is in a neutral zone and might experience sideways trading in the short term.<\/span><\/p>\n

\"AAVE<\/p>\n

Furthermore, AAVE shows strong liquidity, evidenced by its volume-to-market cap ratio of 0.2764. With a market cap of $1.43 billion and a 24-hour trading volume of $394.54 million, Aave maintains a robust trading presence. Beyond its positive technical indicators, Aave’s on-chain metrics also appear strong.<\/span><\/p>\n

The Aave blockchain has a total value locked (TVL) of about $11.5 billion, which is significant compared to its market cap. Analysts believe this could indicate considerable growth potential.<\/span><\/p>\n

Recently, the Aave DAO launched a $100 million yield loan with key partners. This move showcases how blockchain technology could change how bonds and securities are issued and managed, potentially benefiting the AAVE token.<\/span><\/p>\n

2. Pepe Unchained (PEPU)<\/b><\/h3>\n

The <\/span>Pepe Unchained<\/span><\/a> project merges meme culture, specifically Pepe the Frog, with Layer 2 blockchain technology. The project has garnered significant attention, raising over $8.5 million in its presale. Its unique meme appeal and advanced blockchain features make it the best crypto to buy now.<\/span><\/p>\n

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Pepe’s on fire! 🔥 We’ve hit $8.5M!<\/p>\n

This journey is only getting more exciting, and we couldn’t have done it without you! pic.twitter.com\/4ZsjnrAXAH<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) August 13, 2024<\/a><\/p><\/blockquote>\n