Best Crypto to Buy Now August 4 – GMX, Cowabunga Coin, OKB

Discovering the very best crypto to purchase proper now’s a unending activity, with dozens of tokens launched every day on CEX and DEX platforms.

The crypto market is now paying extra consideration to property in different classes. Previously weeks, property within the DeFi sector have dominated the gainers record.  Nonetheless, because the weekend incident, the pattern now favors utility-based tasks. 

Greatest Crypto to Purchase Now

Getting the best and finest returns within the crypto market outcomes from the proper mixture of technique and portfolio. The sooner buyers decide upbeat property, the sooner they attain their funding objectives. 

World Crypto Market Cap Chart

With that stated, at the moment’s article contains tokens which are but to go available on the market. Their presale may be a possibility to personal a sizeable chunk of the tokens earlier than making them obtainable to the broader public. 

1. GMX (GMX) 

How lengthy can GMX maintain its present pattern? At present’s crypto gainers’ record on CoinMarketCap and different crypto comparability websites options GMX as one of many largest gainers. Not solely is it seeing a pump in value, however its buying and selling quantity can be rising. 

Regardless of the general drop within the efficiency of the DeFi sector, GMX is defying the percentages. The token has been on the upward pattern for many of this 12 months, with a shift of over 24% from its opening value at first of the 12 months. Nonetheless, GMX typically encounters sharp rejection at any time when the token tries to interrupt new grounds. 

A superb instance is the uptrend of the earlier month that took the asset’s value nearer to the $58 resistance zone. Nonetheless, the token confronted a pointy decline, bringing its value right down to $51. 

Information from its technical evaluation exhibits that the token is nearing its oversold vary and would start to swing into restoration. It’s anticipated that GMX will journey for $56 once more over the weekend. 

This time the prospect of a breakout could be very possible. If GMX can break above the $56 mark, it’d attain the $60 – $70 vary. Hopefully, with its low volatility, the token will attain these costs earlier than the tip of the quarter. 

Weekly Rewards Information 🔹

$1,189,544.74 collected prior to now 7 days

$1,033,475.47 (ARB), $156,069.26 (AVAX), $7,427.37 (GMX-ETH)

To purchase and stake $GMX / $GLP: https://t.co/ef4TiHI8KE pic.twitter.com/NOqSXRj6QU

— GMX 🫐 (@GMX_IO) July 28, 2023

Thus, buyers ought to watch the following pattern in its RSI, EMAs, and the path of its value within the coming days. If it holds on to its uptrend, it’s top-of-the-line cryptos to purchase now. 

2. Shiba Inu (SHIB) 

Shiba Inu is on the rise once more. Traders are attempting to determine whether or not it’s one other bull entice. Within the intraday value adjustments, SHIB noticed a rise of about 4% and a pump of over 30% in its buying and selling quantity. 

The sudden value and buying and selling quantity enhance is just not solely a bull entice. It’s coming in response to the latest Binance announcement. In a put up within the early hours of the day, Binance has determined to determine SHIB as collateral for versatile loans. 

The property that may now take SHIB as collateral below this association embrace AUCTION, PYR, ILV, KNC, YGG, GAS, CELO, and IRIS. Binance additionally identifies different tokens that can now qualify as collateral. They embrace COMP, IOTA, RLC, HOT, ENJ, THETA, and IOST. 

The arrival of the information instilled recent confidence within the crypto group because the efficiency of SHIB responded positively to the replace. 

General, is SHIB the very best crypto to purchase now? Shiba Inu has made some enhancements to its fundamentals, which has positioned it above the identification of memecoin. Belongings within the Sherium ecosystem are exerting affect within the crypto business. 

Contemplating the pattern on the SHIB chart, SHIB is quick turning into some of the secure cryptos with a gentle volatility score. The group is making an attempt to increase the asset’s utility in order that it goes past the degen funding ideology. 

In the end, a extra vital future is forward of the token. Within the meantime, assured buyers should buy and maintain. The probabilities are excessive that SHIB will finish Q3 with a a lot better efficiency than Q2. 

3. XDC Community (XDC)

XDC has skilled the very best month ever, with an uptrend that’s pushed its value up by almost 160% within the final 30 days. At press time, the asset has an intraday acquire of 12%. At present’s enhancements make it the twentieth inexperienced day that XDC has had in 30 days. 

Invariably it turns into the largest gainer of the month, outperforming over 93% of the best-performing tokens out there. 

It’s not the primary time XDC is ruling the crypto gainers’ lists. The token had 72.07% good points in Q1 and can possible finish Q3 with a lot increased yields. Nonetheless, its Q2 efficiency was fairly subpar, with a dip of about 25% over its Q1 efficiency. 

XDC can lastly make up for its Q2 efficiency now that its present value is means above its 200-day shifting common and is buying and selling nearer to the $0.1 rejection zone. 

Nonetheless, there’s a want to maneuver with intense warning. The value of XDC may encounter a sudden decline within the coming weeks. The drop may push it way back to $0.6. 

Its RSI studying exhibits that the token is overbought, with a price of 76. In the end, some speculative patrons would begin dumping the asset within the coming days, leading to a value decline. 

Is it too late to purchase XDC? It’s getting nearer to the height of its rally. Nonetheless, there may be nonetheless time to purchase in. Crucial line of motion is ready for extra response to the $0.9 resistance.

4. OKB (OKB) 

Because the market shifts away from DeFi property, consideration appears to pattern towards utility tokens. For some days, platforms with provable utility have seen a pump of their costs. 

OKB, for instance, is an intraday pump in its value. The value enhance follows the information of OKB’s transfer to combine with Bware Labs. The choice places the platform on a brand new frontier and may open entry to a brand new class of customers. 

From #DeFi to #AI, & all the pieces in between, we’re repeatedly making #web3 accessible to all.

Try who has built-in #OKXWallet most lately👇 pic.twitter.com/k8lHKZiTDR

— OKX (@okx) August 4, 2023

As of at the moment, the value of OKB is up by almost 7% and may be on its option to setting a brand new all-time excessive, which would be the second one for the 12 months. Its buying and selling quantity exceeded a 300% enhance in the identical interval. On the tempo it’s going, the OKB is likely one of the finest cryptos to purchase now, not just for long-term funding objectives however for short-term swing. 

5. Cowabunga Coin (COWABUNGA)

Cowabunga Coin is likely one of the newest crypto presales that has hit the group, and the vibe is sort of thrilling. The undertaking borrows cues from the Teenage Mutant Ninja Turtles (TMNT) storyline to create a enjoyable environment round its model. 

The aura throughout its presale web page, social media handles, and whitepaper says all of it. The undertaking shall be an all-out, fun-loving group with revenue alongside the best way. 

This city wants its personal tremendous hero and pizza, so $COWABUNGA is right here! #memecoins #pizza pic.twitter.com/8XwbO6eEMJ

— $COWABUNGA Coin | Presale Stay Now! (@CowabungaCoin) August 3, 2023

In line with the data supplied in its white paper, the Cowabunga Coin goals to boost a group impressed by the TMNT collection’ storyline. It prioritizes enjoyable, inventive power, and the drive towards shared prosperity. 

Whereas the undertaking doesn’t assure prosperity, it boasts of a formidable workforce with the competence and expertise to drive the mission to success. 

Moreover, the breakdown of its tokenomics exhibits that the overall provide of the Cowabunga Coin is pegged at 4 billion tokens. Early buyers get 1.4 billion of the overall provide at a valuation of $500,000. 

The small market cap means the token can hit a number of instances returns inside weeks of its launch, and early buyers can see their funding skyrocket. Rug pull is usually one of many fears of early buyers, particularly through the presale. 

The platform units apart about 10% of the overall provide of COWABUNGA for partnerships and business affect. What it means is that the undertaking has a long-term view. Additionally, there are different plans in place aimed toward strengthening the token. 

With sturdy tokenomics, the engagement of the group, and the dedication of the workforce, the Cowabunga coin might grow to be the following massive identify in crypto. 

Go to the Cowabunga presale. 

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