Best Crypto to Buy Now August 22 – Compound, Nexo, Hedera

Every day we assessment some picks for the finest cryptos to purchase now primarily based on the newest market actions, blockchain information, and trending narratives.

The value of the large cryptocurrency lastly finds the soundness it wants across the $26,000 value level and has been hovering round that value for the reason that begin of the week. Because the week progresses, it’d accept a selected route. 

Equally, different prime belongings have been indecisive concerning their costs. ETH, for instance, kicked into the uptrend over the weekend, solely to succumb to the strain from the bears. Nevertheless, within the case of ETH, the fund transferred by Vitalik could have influenced the route of the asset. 

World Crypto Market Cap Chart

Finest Crypto to Purchase Now 

Regardless of the uncertainties however, what are one of the best cryptos to purchase now? Right now’s assessment options Compound ($COMP), Hedera ($HBAR), Nexo ($NEXO and THORChain (RUNE). Every of those cryptocurrencies is just not solely printing spectacular efficiency in the meanwhile, however in addition they made the record of gainers right now. Moreover, Wall Road Memes additionally made our record right now. The crypto business ought to brace up for the arrival of one of the vital profitable presales so far. The main points of the token are included under. 

1. Compound (COMP)

On the fifteenth of the month, Compound turned one of many first DeFi LPs protocols to go reside on the BASE platform. The announcement was made in a publish on its official Twitter deal with. 

ICYMI – Compound is now reside on @BuildOnBase 🔵

View the brand new market right here: https://t.co/F8I02yp2wC

— Compound Labs (@compoundfinance) August 15, 2023

Nevertheless, the joys was short-lived by the down market that adopted a number of days later. After the launch of Compound v3, the token’s value began on an upward pattern earlier than being compelled right into a decline. 

COMP’s value right now deviates from its newest pattern. There’s been a sudden shift from the bearish sentiment in direction of a extra bullish pattern. The token noticed a value enhance of about 5% within the early hours of right now, with a lift in its buying and selling quantity. The token’s buying and selling quantity elevated by 97% within the final 24 hours. 

The bullish pattern across the asset might assist it cross above the primary resistance on the $45 value. The sustained rally might push the value of the asset additional up. If the bulls efficiently make the worth of the assistance above the $45 vary, the COMP’s worth may rally towards the $50 mark earlier than the tip of the quarter. 

Whereas COMP is perhaps the most effective cryptos to purchase now, its long-term outlook is just not as encouraging. Its present value lies a lot under its 200-day shifting common The token would require a pump of over 250% in value to report a golden cross. 

Sadly, it could lead to a dump from long-term holders, inflicting a recent spherical of bearish sentiment. In that case, it’s finest to stay with a short-term technique to maximise the COMP’s pattern. 

2. Hedera (HBAR)

The robust fundamentals of the Hedera ecosystem have helped it overcome the latest uncertainties of the cryptocurrency business. HBAR obtained a pump in exact earlier right now as a result of sudden enhance in its buying and selling quantity. 

Whereas the value pump was short-lived, it validates the declare that Hedera, HBAR, is likely one of the finest cryptos to purchase now. 

The rising adoption of the hedera community is likely one of the causes behind the pump in its worth. Simply final week, the platform introduced that one of many initiatives in its ecosystem had been included within the FedNow cost suppliers record. 

Once more, the platform has adopted that announcement with one more one, which borders round its strikes into asset tokenization. 

A publish shared on its Twitter deal with calls on devs to affix fingers with the Hedera platform to attain full democratization of the finance sector. 

Because the platform continues its drive in direction of offering sturdy worth to the crypto business, it solidifies the continued enchancment of the value of its token. Whereas the token’s value is way under its worth at launch, it’s regularly pushing its means up the chart. 

Actual-world asset #tokenization is quick turning into a core pillar of #web3 – bringing larger liquidity, simpler entry & fractionalization to belongings for all buyers. @TOKO_network is on a mission to democratize finance, & we’re proud to be part of their journey. #BuiltOnHedera pic.twitter.com/IsrBNj8Apx

— Hedera (@hedera) August 21, 2023

HBAR has recorded over 100% enhance in worth Y2D at press time, and it’s nonetheless on a development path. 

HBAR has the potential to change into a viable long-term asset with the potential for positive factors in the long term. Its finest crypto buyers take a better look because the developments unfold. 

3. Nexo (NEXO)

Is Nexo one of the best crypto to purchase now? The value of NEXO is rising and may supply a short-term benefit to merchants and buyers. It has recorded over 3% enhance within the final 24 hours, placing it within the record of prime crypto gainers right now. 

One of many outstanding components which will have triggered the latest value pump might be traced to the promotion transfer that provides to shell out $10000 worth to customers who take part. 

🚨 Final likelihood for a SOL-id win!

✨ $10,000 prize pool & Saga Telephone grand prize are up for grabs.

🎯 Simply prime up or purchase a minimum of $100 value of $SOL by the tip of the day and also you’re in.https://t.co/x3f1TvPqTN

— Nexo (@Nexo) August 22, 2023

Sadly, technical indicators reveal that the token may face a number of hurdles in the long term. Firstly, it has 89% bearish indicators, indicating that the power of NEXO to maintain its positive factors stays doubtful. Moreover, NEXO is headed in direction of its $0.6 – $0.7 resistance zone. 

With the present downtrend out there, it’s unlikely that NEXO would discover sufficient momentum to interrupt above these ranges. 

Different downsides to be careful for embody its low liquidity. Regardless of being one of the vital outstanding gamers within the crypto change, its liquidity has been on a declining pattern currently. A continued decline in liquidity may make NEXO much less enticing to buyers. 

Therefore, the token’s efficiency solely makes it the most effective cryptos to purchase now for merchants who wish to earn returns on the short-term shift within the asset value. 

4. THORChain (RUNE)

THORChain earned a repute as one of many best-performing belongings within the latest down market. Even right now, the token continues its excellent stride with a value enhance of 4% within the final 24 hours. 

The rising exercise across the THORChain should have triggered the surge in value. On the present tempo, RUNE’s pattern positions it as the most effective cryptos to purchase now. Its chart is printing some spectacular stats. 

The token has recorded 21 inexperienced days within the final 30 days, although most belongings are batting with declining costs. Equally, over 90% of its shifting common factors return the purchase indicators, and its present value developments are a lot under its 200-day shifting averages. 

Therefore, buyers could count on RUNE to print extra bullish output within the coming weeks. Furthermore, its pattern is already upward, with over 69% enhance within the final 30 days. Arguably, the prospect of a optimistic Q3 is larger for RUNE now than ever. 

Sadly, RUNE is just not with out its downsides as nicely. Firstly, the volatility of RUNE is significantly larger than most high-performing cryptocurrencies. 

Additionally, the circulating provide of the asset is lower than 68% of the whole provide, that means that RUNE is vulnerable to excessive inflation in the long term.

Total, the token’s potential within the brief run is comparatively excessive, with spectacular liquidity. Traders ought to add the token to the watchlist and monitor its progress. 

5. Wall Road Memes (WSM)

It’s solely 35 days to the launch of Wall Road Memes. The venture has loved one of the vital profitable cryptocurrency presales ever, elevating over $25 million. 

The group and buyers await the coin itemizing on a number of tier 1 exchanges. The door remains to be open for buyers to return on board. 

The supply to flee the grip of conventional monetary methods remains to be open to buyers. The basic imaginative and prescient of the WSM platform is to assist its group break away from the affect of institutional buyers.

US economics 101 pic.twitter.com/ZRUbFxCdm0

— Wall Road Memes (@wallstmemes) August 19, 2023

At press time, the WSM is obtainable at $0.0337 to permit extra folks to profit from collaborating within the presale. 

With a Twitter group power of over 260 thousand followers, the value of WSM would possible skyrocket inside days of its launch. There’s nonetheless an opportunity to get in and benefit from the It’s an opportunity to affix the primary movers and profit from the preliminary rally. 

Whereas WSM is actually degen crypto, the large group of buyers on its waitlist provides it the mass it must experience. 

Its presale web page incorporates particulars of its launch and extra data on tips on how to take part within the last lap of the presale. 

Go to Wall Road Memes Presale. 

Learn Extra

Wall Road Memes – Subsequent Huge Crypto

Early Entry Presale Dwell Now
Established Neighborhood of Shares & Crypto Merchants
Featured on BeInCrypto, Bitcoinist, Yahoo Finance
Rated Finest Crypto to Purchase Now In Meme Coin Sector
Staff Behind OpenSea NFT Assortment – Wall St Bulls
Tweets Replied to by Elon Musk