Best Crypto to Buy Now August 21 – Litecoin, TRON, Monero

 Crypto merchants are all the time trying to find the finest cryptocurrencies to purchase on any given day – we listing some high-potential cash on this put up.

The crypto market is recovering, and some altcoins are main. Immediately’s gainers’ listing has LTC, XMR, LDO and others nearer to the highest, whereas giants cryptos like ETH are additionally coming back from the bearish market. 

Within the meantime, what are the very best cryptos to purchase now? Because the week unfolds, the potential of many crypto belongings is changing into fairly predictable. 

On this replace, we’ll survey the market to determine the subsequent massive tokens on their strategy to printing massive positive aspects. 

Finest Crypto to Purchase Now 

Immediately’s article will assist buyers replace their watchlists and supply perception into the crypto market’s efficiency. Furthermore, the put up goes past the listed cryptocurrencies to discover alternatives in upcoming tasks. In that gentle, Sonik Coin can also be featured on this article. The undertaking’s fundamentals are outstanding, and it could be finest for buyers to look into it. Nevertheless, the article covers a abstract of the progress to date.

World Crypto Market Cap Chart

1. Litecoin (LTC)

Many are nonetheless figuring out the way forward for LTC. Since its halving earlier within the month, LTC has misplaced over 18% of its worth. Most merchants and buyers anticipated a lift in worth after the halving. 

Nevertheless, LTC took a distinct path, shedding about $47 in lower than 21 days. Most buyers are asking now whether or not LTC has an opportunity of restoration. 

Regardless of the sudden drop within the token’s worth, some indicators reveal that LTC could also be among the best cryptos to purchase now. Technically, LTC has been on the uptrend earlier than the bearish situation that overtook the crypto market final week. 

After the squeeze that pressured the asset’s worth down from its peak, the token started an upward development, pushing its worth from $63 to its present worth of $66. 

It’s much more attention-grabbing to notice that LTC rapidly flipped into consolidation after the final week’s bear market. 

The general efficiency of LTC reveals that the market may see a protracted achieve. Whereas it’s unlikely that the token will produce explosive positive aspects, it’d gallop its approach up the curve within the coming weeks. 

LTC could attain the $78 vary because the development progresses earlier than encountering formidable resistance. LTC’s RSI and shifting averages point out that LTC may discover sufficient bullish momentum to push its worth additional up the chart.

2. TRON (TRX)

TRON platform has been printing spectacular numbers these days, as seen within the worth of its token. In keeping with data on its official Twitter deal with, the platform is without doubt one of the few layer 1 blockchains that printed optimistic TVL output within the second quarter. 

Regardless of recording a big drop in its worth prior to now few weeks, TRX is positioning itself for one more wonderful quarter. 

Within the final 24 hours, the token worth has elevated by 3%. Equally, there’s been a rise of about 30% in its buying and selling quantity, which signifies that TRX is having fun with rising curiosity from the crypto neighborhood. 

Will TRX have the ability to maintain its positive aspects for the remainder of the months or until the tip of Q3? Technically, TRON has a number of upsides that may enhance its likelihood of breaking new floor.

#Cardano and #TRON have been the one L1s with optimistic QoQ #DeFi TVL development. 🔥

Cardano grew 14% QoQ and TRON grew 7% QoQ and is now up 48% YoY. 🚀

🧵 pic.twitter.com/d8z9N6DNgp

— TRON DAO (@trondao) August 20, 2023

Traders shouldn’t count on the present spike within the worth of TRX to translate into an enormous surge. 

Nonetheless, it’d maintain its development persistently into This autumn. Rising partnership efforts is without doubt one of the key efficiency indicators exhibiting that TRX can print optimistic efficiency Q3 worth positive aspects. 

Within the meantime, it’s finest to incorporate TRX within the funding watchlist and see how its development progresses. 

3. Lido DAO (LDO)

LDO may be getting ready for a reversal, as indicated by its charts. Though the asset’s worth has fluctuated these days, its RSI reveals that it may be nearing the overbought vary.

The impact is seen in its worth motion within the final 24 hours, which recorded a rise of about 2% within the early hours of the day, though it reseeded to its downtrend. In the end, we would see a pump within the asset’s worth within the coming weeks. 

Whereas the technical particulars of LDO could paint a dark image of the belongings, its fundamentals present that the token is without doubt one of the upbeat cryptocurrencies to look at. 

A current occasion is the pump within the TVL, bringing its worth to $15.06b. Equally, there’s been a rise in staking actions on the community. As time progresses, the value of the LDO token would regulate to replicate the tightening provide and development within the asset’s worth. 

Nonetheless, there are downsides to be careful for. Firstly, LDO’s shifting common convergence/divergence returns a damaging worth, revealing that the token may even see elevated bearish sentiment.

Additionally, the present worth of the token is far under its long-term shifting common, an indicator that implies continued bearish sentiment. 

Nevertheless, LDO has its downsides as properly. Traders ought to be aware that the connection between its present worth and 200-day shifting averages could current a key draw back. Its current worth trades under its long-term shifting averages, indicating potential for bearish circumstances. 

4. Monero (XMR)

Concerning privateness within the crypto trade, Monero is the primary platform that involves thoughts. Not solely is it a number one crypto privateness sector, however the token has additionally entered the highest crypto gainers listing within the final 24 hours. Its worth elevated by 3% at the moment, along with a buying and selling quantity pump of over 40%. Whereas the reversal is sort of anticipated, the shock is that it got here amid a market downturn. 

Monero confirmed the likelihood of worth reversal final week after the token spent just a few days within the downtrend. Its RSI indicated the prospect of a bullish momentum, which resulted in its present development. It’s at the moment buying and selling across the $148 resistance, which could give approach earlier than the shut of the day. 

If XMR breaks above the resistance at that time, it will possibly rally its approach as much as the $150 vary. 

Even with this, the prospect of Monero rating in explosive positive aspects earlier than the tip of the yr is sort of slim, because the resistance above $160 may forestall the asset from breaking above. Nevertheless, a significant shift within the crypto native, particularly within the institutional buyers getting concerned within the trade, may deliver the wanted rally to push it above. 

Traders also can contemplate XMR among the best cryptos to purchase now for short-term technique. The token may be too risky for long-term strikes.

5. Sonik Coin (SONIK)

As its title suggests, the Sonik Coin presale is jetting in the direction of its objective with a complete fund raised above $260,000 at press time. The neighborhood is progressively coming collectively, and the imaginative and prescient is sort of moving into the quick lane.

Zoom zoom increase, over $200K raised!https://t.co/s1fTdXDQCK pic.twitter.com/M0KmbeCGgS

— SONIK COIN (@Sonikcoin) August 21, 2023

Whereas the objective remains to be just a few steps away, the vibe and the life across the undertaking have gotten fairly attention-grabbing. 

On the time of writing, there are over getting nearer to the 1k mark, and the investor waitlist has grown to lots of. The progress to date reveals the laudable efforts of the staff behind the undertaking and its dedication to the success of the undertaking. 

The invitation to hitch the Sonik Coin neighborhood remains to be open. The neighborhood is certain collectively by the SONIK token at the moment supplied on presale. 

One of many undertaking’s uniqueness is its boldness to degen funding. It has set a daring goal of changing into the quickest cryptocurrency to cross the 100 million market cap.

Whereas the purpose seems bold, it has a optimistic facet for the neighborhood and the undertaking. Nonetheless, the realisation of the imaginative and prescient rests on the shoulders of the staff and the neighborhood. 

Therefore the decision for extra degen buyers to return on board and take part within the boldness. Presently, the token is obtainable for $0.000014 and can stay at that worth till the tip of the presale. 

Degen inventors know that probably the most profitable shitcoins have a daring imaginative and prescient, dedicated neighborhood, devoted staff and robust fundamentals. A essential assessment of Sonik Coin revealed it entails all these components. 

Go to Sonik Coin Presale

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