One factor that stands out in today’s crypto market is the sudden spike in trading volume. The volume of cryptocurrency transactions increased by a notch in the last 24 hours. The second prominent feature of the market is that Bitcoin has finally slid below the $30k mark. BTC has been trading sideways for most of the month, and several spikes in between. However, Bitcoin gave in to the bear and is currently on a downward trend. At the moment, its price is slightly below $29k. However, there are speculations that it could be a bear trap that precedes a price rally. Nonetheless, there is a need to take a deeper look before making a decision right now. In the meantime, what are the best crypto to buy now? Before delving into the details, below is a snippet of the cryptocurrency market in the last 24 hours according to CoinMarketCap.
Global Crypto Market Cap Chart
There is a reduction in the global crypto market cap in the last 24 hours. Today’s crypto market cap is down by 0.58%, with a value of $1.19 trillion. On the other hand, the trading volume increased by 19% with a value of $34.77 billion in the last 24 hours. Defi constituted 8.9% of the total crypto trading volume in the said period, with a value of $3.1 billion.
Best Crypto to Buy Now
Today’s list of the best cryptos to buy now features some of the best-performing cryptos today, including the Thug Life project. The token did exceptionally well in its presale and is now listed on exchanges. A brief overview of THUG is covered below. Read on to find out more.
1. SUI (SUI)
SUI’s performance has been an uptick in the past 7 days after a month-long decline. The token price increased by nearly 15% in the said period. In the last 24 hours alone, the price of SUI jumped by nearly 7%, making it one of the highest gainers today. Besides the pumping price of the asset, the trading volume of SUI is also receiving a pump right now with over 350% increase in the last 24 hours.
SUI is a relatively new crypto project with a quick growth in visibility. As of today, the platform has completed over 244 million transactions since inception. SUI is a layer 1 blockchain with smart contract integration. The platform was launched to compete with the likes of Ethereum and it promises an advantage in speed, privacy, security, and digital asset ownership. Fundamentally, it uses object-oriented programming to create parallel execution and other on-chain operations.
Learn more and grab your LOA Witness Pass NFT now👇 https://t.co/Mnv4z1t1qt
— MystenLabs.sui (@Mysten_Labs) July 12, 2023
SUI has not always been the best-performing token until lately, its first course of action at inception was a protracted decline that took its price from $1.2 down to $0.55 in less than 30 days. The price action cost the early investors a sizable loss on the initial investment. However, the recent trend shows that SUI might be back on track and may climb back to recover some of the lost value in the coming weeks. For example, the SUI platform recently launched Game 8192, which has received massive welcome and engagement. It’s believed that the engagement generated by the game contributes to the surge in price.
Further development with and around the SUI ecosystem includes NFT boost and other upcoming projects. As the platform increases its activities, there’s likely to be a pump. SUI is one of the best cryptos to buy now.
2. Chainlink (LINK)
Chainlink is also doing well today with 24-hour gains of over 8% in price. Likewise, it’s receiving a pump in its trading value, scoring over a 200% increase in the last 24 hours. This is not the first increase recorded by Chainlink. The token has been on the rise in the last 30 days. Its gains have reached above 150% in the said period. Moreover, it has finally ended its year-long decline with a final rise into an upward trend. With its recent interoperability initiative, there’s a likelihood that the trend increases even further.
Chainlink recently launched the much-anticipated Cross-chain Interoperability Protocol (CCIP). The project aims at bridging traditional finance with blockchain-powered systems. Invariably, Chainlink is positioning itself to take advantage of the upcoming global shift towards Central Bank Decentralized Currency (CBDC). The CCIP project is currently accessible on key blockchains like Ethereum, Avalanche, Polygon, Arbitrum, and Optimism. Chainlink moved to launch the groundbreaking project, validated with 25 patterns across the crypto ecosystem. The debut of CCIP has given the price of LINK a boost in the market. There’s the likelihood that the gains continue for the rest of the third quarter as the use cases and adoption increase.
— Chainlink (@chainlink) July 17, 2023
The downside, however, is that Chainlink has intense rejection to conquer the $7.5 – $8 price zone. Overcoming this zone could push the price up to $15. However, in the meantime, the token is performing well and might be one of the best tokens to buy now, especially for long-term hedging.
3. Flow (FLOW)
FLOW is also on the uptrend with an increase of over about 4% in the last 24 hours. FLOW’s trading volume also increased by 167% in the last 24 hours. After suffering a massive price decline since the end of last year, Flow has been trading sideways in the range of $0.5 – $0.6. The gains in value have continued, however, the overall gains in the last 30 days are close to almost 30 days now with an overall increase of close to 57%.
The recent pump in the value of FLOW comes mostly from the Ripple effect which seems to impact the entire crypto market and influence the perception of certain cryptocurrencies that have looked like they’re potential targets. FLOW is described as a developer-friendly platform that provides a decentralized blockchain-based platform for the design and deployment of games and other applications.
At inception, the platform enjoyed massive traction and use cases which took its price and drained most of its value and the token is yet to return to its glory days. Nonetheless, the team continues to push for an increase in utility and collaboration. A few days ago, the team launched a Hackathon that’s intended to improve the use cases of the platform in AI, games, and DeFi.
📢The global #FlowtotheFuture hackathon starts on June 15!
— Flow @ Paris 🇫🇷 (@flow_blockchain) June 2, 2023
As more activities take ground around the platform, there’s the likelihood of an increase in the value of the token. Right now, the token is grossly underpriced. If FLOW finally finds a breakthrough in DeFi, the price of the asset might double in a few months.
4. XDC Network (XDC)
XDC network has been making efforts towards expanding its influence in the crypto industry. The incessant effort is currently resulting in the consistent improvement of the asset. In the last 7 days, the price of XDC increased by almost 10% and it kept the growth steady for nearly 30 days. The bulk of its growth stems from collaboration with other crypto-related platforms. For example, XDC recently established a partnership deal with SBI, which now lists XDC as a supported asset in its staking service. The deal opens up Japan to the network and expands the reach of the platform.
Its gains in the last 24 hours have pushed it to the top gainers list on CoinMarketCap. It’s likely the token records further gains in the coming weeks as it is currently pushing various events that are expanding its visibility online and offline. Recent activities across the XDC network have pushed the overall gains of the token way above 1000% in its lifetime. With increasing attention towards security and privacy, especially for CBDCs, the value of assets in the XDC category would likely spike in the coming months. XDC is one of the tokens right now with significant potential for growth in the long run. XDC is one of the best cryptos to buy now because of its performance so far.
5. Thug Life (THUG)
Thug Life has sold out its presale offer with over $1.8 million coins raised in the presale. It now lives on exchanges with nearly 3.2k holders on Dextools. Moreover, the asset is currently gaining massive traction and several influencers pouring in to declare their support. The information shared on the Thug Life official Twitter handle provides the details.
Furthermore, the platform has announced that it will burn up to 420 million tokens in the coming days, which would likely cause a spike in the already rising asset market cap. As of press time, the THUG has a market cap of $4.5 million, about 2x its proposed cap at presale. At the current pace, the cap could easily climb to buy another 2x before the end of the month.
With its potential, the growing community of holders, and the team behind the project, THUG qualifies as one of the best assets to buy now.
Wall Street Memes – Next Big Crypto
- Early Access Presale Live Now
- Established Community of Stocks & Crypto Traders
- Featured on BeInCrypto, Bitcoinist, Yahoo Finance
- Rated Best Crypto to Buy Now In Meme Coin Sector
- Team Behind OpenSea NFT Collection – Wall St Bulls
- Tweets Replied to by Elon Musk