Contenders for the Best Cryptocurrency to Buy Now
We cover some contenders for the best cryptocurrency to buy right now, potentially worth adding to your watchlist over the coming days. The DeFi sector is gradually recovering after a recent hacking incident, and this has led to impressive progress in the sector. Here are five cryptocurrencies to keep an eye on:
1. Chainlink (LINK)
– Chainlink has been on a declining trend but is now showing signs of retracing its price actions.
– The token’s price consolidation trends and relative strength index indicate a potential period of reversal.
– Chainlink’s performance is closely tied to the recovery of the DeFi sector.
2. Aave (AAVE)
– Aave has suffered from the recent DeFi downturn but is showing signs of recovery.
– The token’s trading volume is picking up, indicating renewed confidence in the asset.
– Aave’s price is in the oversold range and testing the $66 resistance.
3. Toncoin (TON)
– Toncoin’s price has declined but is seeing a boost and may reach the $2 zone.
– Investors should closely monitor the price action of TON, as it tends to perform well in the third quarter.
– TON has medium liquidity and its current price is below long-term moving averages.
4. Curve DAO Token (CRV)
– CRV showed resilience despite recent incidents and is topping the crypto gainers list.
– The move to refund stolen funds has boosted investor confidence and led to an increase in trading volume and price.
– CRV’s price still has room for increase, but the short-term moving average lagging behind the long-term may impact future gains.
5. Chimpzee (CHMPZ)
– Chimpzee, an animal-friendly project, has seen impressive results in its presale.
– The project has raised over $1.1 million and is moving closer to its goals.
– Chimpzee aims to preserve wildlife and their habitat.
In conclusion, these cryptocurrencies show potential for gains in the short run but carry risks due to their volatility. It is important to closely monitor their price actions and consider the specific factors affecting each token’s performance.
By
By
By
By
By