Best Cryptos to Buy Now
Each day we review some picks for the best cryptos to buy now based on the latest market movements, blockchain news, and trending narratives. Today’s update brings exciting news as crypto market sentiment might improve going forward. Despite the efforts of FUD mongers to weaken the confidence of the public in crypto, the trends are getting better. A recent one is the news of PayPal’s stablecoin, PYUSD, which was launched yesterday. Interestingly, the positive effect of the news resonates across the crypto industry, reigniting the belief in the future of cryptocurrency. Following the announcement, the price of Bitcoin saw a boost of over 1.1% today.
1. Maker (MKR)
– Maker is back on the uptrend.
– MKR price is pulling away from the $1200 price with about a 2% increase.
– MKR currently outperforms 77% of the top 100 tokens in the market.
– MKR is one of the best cryptos to buy now.
– The token has a high volatility rating, which makes its price action unpredictable for long-term investment.
2. Solana (SOL)
– Solana’s price decline may finally have come to an end.
– SOL’s trend switched into an uptrend in the early hours of today.
– SOL’s current price is above its 200-day moving average.
– SOL is receiving recent inflows, contributing to the increase in its price and trading volume.
– The asset’s social metrics have been declining recently.
3. THORChain (RUNE)
– RUNE managed to print over 4% in the last 24 hours.
– The token is best known for its decentralized liquidity protocol.
– Much of its trend is influenced by its implementation of deflationary and burn strategies.
– Investors should keep an eye on the performance of RUNE.
4. Bitcoin Cash (BCH)
– The boost in the price of BTC also reflects in its forks.
– BCH’s chart shows an increase of over 4% in the early hours of the day.
– BCH has lesser volatility, making it appealing for a long-term strategy.
– BCH’s 200-day moving average is below its current price, indicating potential for holding gains.
– BCH outperforms 83% of the leading assets in the industry.
4. Chimpzee (CHMPZ)
– Chimpzee is a value-driven crypto project focused on protecting the environment.
– Its approach is aimed at raising an army to save the planet.
– Investors should keep an eye on Chimpzee as it deploys emerging technologies for conservation.
Hot Take
The crypto market sentiment is improving, with positive news like PayPal’s stablecoin launch and the belief in the future of cryptocurrency reigniting. As for the best cryptos to buy now, Maker, Solana, THORChain, Bitcoin Cash, and Chimpzee are worth considering. However, it’s important to note the high volatility of these tokens and the need to monitor their performance closely. Overall, the crypto market is evolving, and value-driven projects like Chimpzee are gaining attention.
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