The battle for dominance between the bears and the bulls rages on across the crypto market. Thus, it’s becoming even more difficult to decide on the best crypto to buy now. Along with that, the fear/greed index now tends toward neutral as uncertainty engulfs the crypto industry. But, amid the bearish trend, some assets continue to print impressive trends against all odds. Today’s update highlights the performances of some cryptocurrencies based on their price actions and market data in the last 24 hours. The assets featured in the article adhere to a range of metrics. However, it’s still in the best interest of traders and investors to conduct further research and ensure discretionary funds are properly allocated. In the meantime, the data below provided a snapshot of the global crypto industry at press time.
Global Crypto Market Cap Chart
Today’s crypto market deviates a bit from what we saw yesterday. Trading decreased by 15.56%, amounting to $22.05 billion. Also, the global crypto market cap increased by a few decimals to reach $1.18T. The DeFi sector maintains its performance but with a slight decline. It recorded a total transaction of $1.95 billion at press time.
Best Crypto to Buy Now
Before getting into the list, the trends in the crypto market are becoming more favorable toward presales. Many of the crypto projects going live in recent times prefer the presale route. It often gives them the first crop of users and investors to kick off with. Today’s article features Deelance. Deelance is a crypto project with disruptive potential in the freelance space. Also, its native token, DLANCE, is currently on presale and the performance is impressive. Read further to find out more.
1. Quant (QNT)
Quant has finally settled on-trend. Until the 26th of the month, QNT traded sideways. However, the tokens embarked on an upward trend that’s lasted for over 48 hours now, pushing the price from $101 to $111. What’s even more thrilling is that Quant might establish a new 30-day high if it keeps up the pace for the rest of the day. Quant’s price movement is largely driven by its foray into the asset tokenization sector, especially real estate tokenization. According to CNBC, the tokenization market can open the door to over $5 trillion market. Also, the platform is largely involved in the real estate tokenization trend, which is projected to reach a market size of over $3.2 trillion by 2030.
Invariably, QNT is likely to see more holders in the future. But currently, its price is trending below its 100-day and 200-day ema. Also, its RSI (14) is tending toward the 70 benchmarks with a value of 63. Invariably, QNT would be rejected if it crosses the $111 resistance zone. However, the downward price action might be the best time to buy. QNT would likely regain its strength to push for higher value in the long run. The new wave in the crypto industry trend, coupled with the influx of institutional investors into the industry would influence the price of assets like QNT.
— Quant (@quant_network) July 26, 2023
However, QNT might be the best crypto to buy now for short-term traders. With its price currently testing the $111 resistance, it might be the best time to keep an eye on the price action. A breakout might lift its price toward $119 before it encounters another round of rejection. Beyond that, the chance of Quant finding the needed rally to break above that is low.
2. Theta Network (THETA)
There have been incessant speculations that THETA might return to the $1 range before the end of the Quarter. However, the chance of that happening is quite debatable. The price of THETA today is $0.801, which is about a 2.71% increase over its price 24 hours ago. And looking at Tradeview technical rating indicator, it is glaring that THETA currently trades below its 200-day EMA.
The price might decline soon. What makes it one of the best crypto to buy now is the chance that the declining price will likely meet a corresponding buy action as Its RSI (14) remains in the 52 range. Also, THETA has had about 17 days of an upwards trend in the month, which shows an improved sentiment toward the token. THETA might be one of the best tokens to buy now for medium-term investment goals.
3. Hedera (HBAR)
HBAR has been battling with price fluctuation for most of the month. Coincides volatility rating placed the token at over 5.4%, which is quite high. Its price has remained in the ranges of $0.045 and $0.053, with a few spikes into $0.055. Today, the token trades at $0.052 after recording gains of 3% in the last 24 hours.
Ultimately, it presents an opportunity for traders to catch the upward trend before it hits the $0.055 – $0.06 resistance zone. HBAR has faced a hard time crossing this price range due to intense rejection from the market due to a higher 200-day and 100-day EMA. With strong buying signals from its short-term moving averages, likely to see a breakout in the price of the token over the coming months. According to a tweet shared on the official handle of Hedera saw a boost of 67% in its Q2 revenue.
State of @hedera Q2 2023
Despite a bear market and hostile US regulatory regime, Hedera continues to show resilience.
In Q2, Hedera revenue increased 67% QoQ, added its 29th council member, announced an EVM strategy, and saw increases in all Network Services.
— Nick Garcia (@NickDGarcia) July 28, 2023
Besides its corporate performance, recent partnerships could also drive up the price of HBAR before the end of Q3. With its growing influence in the industry and expanding technology. The prospect of finding the rally to break through the $0.06 resistance becomes higher. Invariably, HBAR is one of the best cryptos to buy now, especially with a prospect for long-term holding.
4. The Graph (GRT)
Query tools are yet to attain their true value in the crypto industry. The graph, being a key player in this industry, has not attained its true value. However, as cross-platform operations gain wider adoption, the potential and the utility of platforms like the Graph would increase. The graph is akin to the Google of blockchain. It uses an indexing protocol, GraphQL, that provides querying functions to %$ and other blockchain platforms. The platform enjoyed wide adoption after its launch in 2021. However, due to the Crypto winter, which has been on since 2022, there has been a reduction in the value and use cases of the platform.
Nonetheless, all hope is not lost. The graph might be one of the long-term tokens to invest in. A recent trend in the industry indicates demands for indexing services might increase with time. As of today, the price of GRT is $ 0.111892, with an increase of about 2% in the last 24 hours. The token has made several attempts to break above its $0.11 but encountered resistance. While GRT might not have the rally it needs to break out, it can still be described as one of the best cryptos to buy now because of its potential in the future. Also, the asset is currently underpriced, giving room for gains in the future. However, short-term investors should be wary of the token. It is likely to see a plunge as it faces rejection from its current price.
5. Deelance (DLANCE)
Deelance presale ends in another two days, and the token is set to debut on major exchanges across the crypto industry. The information posted on the project’s official Twitter handle highlights the platforms earmarked for its IDO. The public sales run between 24th July and 28th July.
Hey DeeLancers! 👨💻
📌 $DLANCE Public Sale – IDO Calender is here 👇
— DeeLance (@deelance_com) July 18, 2023
The Deelance team has done a great job throughout the presale season. And the hopes of investors are high about the potential of the project. However, the crypto community still has two days left until the end of the presale. The goal is to reach a soft cap of $1,800,000, after which it closes the presale phase. So far, it has raised $1,687,194, meaning there’s still room to get on board before the token goes live on exchanges.
Right now, the token goes for $0.048. With the energy the team invested into promoting the project, there is a high chance DLANCE experience a dramatic spike in price upon listing. Obviously, Great fundamentals, a great team, great tokenomics, and an engaged community have always been the recipe for a successful crypto project, and Deelance has demonstrated these.
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