InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.
The market recovery of yesterday is quickly becoming short-lived as the bears have invaded the crypto market with another round of pessimism.
Bitcoin lost over 2.5% of its value in the last 24 hours. Fear/Greed index is back at 35, much lower than we saw at the start of the week.
However, the global crypto market cap quickly rebounded from the floor of $1 trillion against the predictions of crypto pundits.
Best Crypto to Buy Now
However, what is the outlook of the crypto market today? Many tokens have been upbeat, with several of them printing double-digit gains and some breaking above their immediate resistance. An example is Toncoin, which finally reached the $1.9 mark, ready to break into the $2.
Global Crypto Market Cap Chart
As we await the development across the crypto market, what are the best cryptos to buy now? Today’s article explores the performance of Toncoin, Rollbit Coin, Polygon, and a few other cryptos. The aim is to identify what makes them some of the best cryptos to buy now. Also, the highlight of LaunchpadXYZ presale is included below to provide investment alternatives to crypto investors.
1. Toncoin (TON)
Will TON break the $2 mark? TON has been on the growth since July, and it fluctuates through the ups and downs of the crypto market. However, the token has shown immense resistance in all instances of the down market. Today, the price of the asset is up by nearly 12% and a commensurate 120% rise in trading volume.
The recent price increase has put TON back in the green, trading around the $1.9 resistance zone. Even though the sudden spike in price is happening across the crypto market, TON’s boost may also be traced to the recent announcement on Telegram’s Twitter handle.
The announcement resulted in repeated server cars for the wallet as thousands of users rushed to get on board.
TON Foundation, the body in charge of the TON project, is currently working with the Telegram platform, which is like the parent company of the TON project. The duo has crafted a new integration that may allow users to have access to TON from the Telegram app.
Hence, the token is now readily available to over 800 million users through the TON Space on the platform. Consequently, users can now purchase cryptocurrencies from within Telegram.
TON might be set for a fresh round of uptrend as the new integration opens a new door for more use cases and demand. Hence, TON is poised to become one of the best cryptos to buy now. However, there’s a need to run a few technical analyses to see how the trend unfolds.
2. Rollbit Coin (RBL)
Rollbit came into the limelight recently by becoming one of the best-performing tokens in the wagering sector. The price of the asset recorded over 4300% increase within months of its launch, and it continues its rise until now.
Today’s chart shows an increase of 10%, which has put a stop to the 7-day decline of the RBL token. Also, it made the list of the top gainers in the last 24 hours. A trend that it might manage to maintain in the coming days.
Following the bearish sentiment that hit the crypto market earlier this month, RBL plunged into a protracted decline, but today’s pump helped the token reach its third day of bullish trend. RBL’s technical data remains bullish, especially its long-term moving averages.
However, its short-term trends signal overall bearish trends. Conversely, its oscillators remain neutral, which indicates the probability of accumulation from long-term holders.
Its 10-day and 20-day EMAs are currently below its 200-day moving averages, which also signals that RBL will record an intense increase in bullish activities in the coming days. RBL is one of the best cryptos to include in the watchlist now, as its current trend is likely to continue to the end of the quarter.
3. Polygon (MATIC)
Despite being one of the major layer 2 solutions in the Ethereum ecosystem, MATIC’s recent performance has been on the decline. The price of MATIC took a hit from the recent activities of the bears. Hence, the price of MATIC has been on a protracted decline for most of the year, plunging the value from $1.4 to $0.5.
Notwithstanding the protracted decline in the price of MATIC, it remains one of the best cryptos to buy now. The RSI of the token is currently trending close to its oversold range, which presents an opportunity for a rebound.
Similarly, Polygon is working on some fundamental improvements and solutions that might pay off in the long run. The network recently partnered with Astar Network to bring zKEVM to the layer 1 solution.
Also, the Dragon Fruit update is still in progress. The upgrade intends to improve its Ethereum opcode and other features. As Polygon drives more use cases for its platform and improves its efficiency towards delivering value and achieving its objective, the MATIC asset is also bound to receive a price boost. MATIC might be one of the best cryptos to buy for its potential.
4. Compound (COMP)
COMP has come a long way in recent times, having gone from deep of $50, climbing as high as $80, only to lose it in the recent bearish conditionals of the crypto market. The wild fluctuations of the token are beginning to get investors worried about the future of its assets.
While COMP presents high price volatility to investors, short-term traders might find the current trend a valid opportunity to take advantage of the gains. COMP has seen a price increase of over 15% in the last 24. Likewise, its trading volume is on the rise, with an increase of over 120%.
As the token roars back to life, investors should keep an eye on the trend, as it might be one of the best cryptos to buy now. Adding it to the watchlist could help.
5. LaunchpadXYZ (LPX)
Investors who missed out on LPX’’s 18% presale bonus can still tap into the ongoing 17% bonus. The team behind the project is making every effort to ensure that investors get the best for their commitment to the project.
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Hence, it’s best to take advantage of the offer while it lasts. LaunchPadXYZ is creating trading solutions for investors and crypto traders. Additionally, it’s working towards providing a robust training program for crypto investors. The local currency of the platform, LPX, provides investors access to the platform and other benefits.
With the presale, the Launchpad project is offering more than access to the LaunchpadXYZ platform. It’s also making other benefits available to users. Users get priority access to trading signals, expert guides, newsletters, and more. However, there’s a need to commit $50 and above to get access to the additional benefit.
There’s no limit to the commitment investors make to the project. Nonetheless, the benefits are proportional to the level of investments, with $50 providing the least benefit. The details of this and other updates about the project are included in the LaunchpadXYZ presale page.
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