As the uptake of non-convertible tokens (NFTs) increases, the industry will become more attractive and lead investors to buy NFTs. In this guide, we explore the best NFT encryption tokens to purchase in July.
1.DeFi coin (DEFC)
DeFi Coin is a recent addition to growing decentralized financing (DeFi). If you are looking for a digital ID with growth potential, this is for you.
First, DeFi Coin is definitely not an NFT. However, DEFC’s unique role in advancing the DeFi and NFT programs is the only reason we recommend the product to those who want to purchase NFT encryption tokens.
According to its publication, DeFi Coin allows cryptographic investors to trade digital currencies in a decentralized manner without an intermediary. This is facilitated by its governance mark DEFC, which also plays a dual role in calculating transaction fees.
DEFC also rewards holders with 5% of all transaction fees. You can also provide liquidity to a promising DeFi platform with a DEFC ID, making it easier to exchange all your money on the platform. Although it’s only a day since it was launched in a popular encryption switch VinDAX yesterday, the DEFC has risen 30 percent of open-day trading from $ 0.25 to $ 0.28.
VinDAX opens DeFi coin trading @ DeFiCoin5 DEFC / BTC, DEFC / ETH, DEFC / VD, DEFC / USDT trade pairs 2021/06/30 08:00 UTC.
– VinDAX Exchange (@VinDAXOfficial) June 28, 2021
This makes it a fast growing NFT in the long run. DeFi Coin is also available on the website or by contacting support directly. Simply send an email [email protected] and the staff will assist you in the purchasing process.
You can find more information about buying DEFC from DeFiCoins website.
2. Decentraland (MANA)
Decentraland has a market capitalization of only $ 842 million and is not one of the best crypts on the market, but its unique use case has attracted the interest of investors. Decentraland is a virtual reality platform built on the Ethereum network. In this virtual world, users are allowed to create, design and commercialize their content and applications.
The encryption protocol has become a favorite place for authors to buy virtual plots and build on them before selling them to interested parties.
In addition to the properties, users can play interactive games, enjoy 3D scenes and many other interactive experiences.
Decentraland uses two tokens – the first is MANA, which is the ERC-20 token used to obtain LAND’s ERC-721 token. MANA acts as the administrative code for the Decentraland Decentralized Autonomous Organization (DAO).
MANA is a very important brand in Decentraland as users can pay for characters, wearables, names and do a lot of things on the blockchain platform.
The value of MANA has more than tripled since the beginning of the year. The retail chain, which traded less than a dollar a few years ago, rose to $ 0.12 on the opening days of 2021. It continued its rally and peaked at $ 1.60 before experiencing a downward trend in the broader encryption market.
Since then, it has struggled to rise from a low of $ 0.76 in May, but has not been able to break above the $ 0.85 resistance zone for most of June. MANA’s current price spike is $ 0.534, but it has risen 1% on the 24-hour chart. It rose 35 percent from its June low of $ 0.36. Decentraland is still designed to hold more meetings as more and more companies are looking towards the virtual frontier to gain their presence. You can buy it from the social trading platform eToro.
3. Thesis (XTZ)
If you are planning to buy NFT encryption tokens cheaply, Tezos should interest you. Tezos is a block chain protocol designed to build the block chain of the future. It intends to do this by creating a block chain network that can scale with subsequent large block chain changes.
In this way, it is able to incorporate new innovations without having to rely on a hard fork that can lead to community fragmentation.
Tezos has been built from the ground up as an independent block chain, and Tezos uses the XTZ ID to pay transaction fees online. Tezos uses a modified betting (PoS) consensus algorithm called Liquid PoS that allows miners (bakers) to check events without consuming much energy.
Like Ethereum, The Tezos network supports smart contracts designed to be scalable, secure and sustainable for the future. While it doesn’t have a large market value, it has more and more institutional adopters as Societe Generale assigns a security token to the Tezos block chain.
XTZ has seen significant growth in the first five months of 2021 to $ 7.56 before the May cryptocurrency market crash. It has not been able to recover as the bears forced it to trade at its lowest $ 2.40 on June 29th. However, it rises above $ 2.94 above the 20-day MA support and is currently trading at $ 3.01, an increase of 1.05%.
4. Chiliz (CHZ)
Chiliz is popular in the sports world. This is because it allows sports fans to connect with the teams they support through the Socios Fan app. Built on the Ethereum network,
Chiliz uses blockchain technology to allow users to have their say in the actions of their teams. Fans can purchase and exchange branded products from Fan tokens and participate, influence, and vote in club-centric surveys and activities.
Chiliz uses CHZ for its governance, and many sports organizations are signing up for a sports-centric blockchain. At the time of writing, more than 25 football teams and sports companies have identified fan IDs on the Chiliz network.
Its CHZ ID is currently selling at a purchase price of $ 0.24, and if you want to buy NFT encryption tokens, it should fit your alley. However, this has not been CHZ’s best pricing behavior as it rose to $ 0.77 in mid-April, but tried to maintain this pricing behavior during the downward trend in May.
5. Enjin (ENJ)
The last on our list is the popular social gaming platform Enjin network. Enjin allows game developers to tag their in-game names online. Built on the Ethereum network, Enjin provides an interconnected blockchain-based gaming product, allowing users to create websites, chat, and host virtual stores for objects.
Enjin is also a popular blockchain platform with over 20 million active users using it to support the value of NFTs. Its ENJ coin rose $ 3.4 (ATH) before declining in May, falling to $ 0.93. It currently trades at $ 1,119 and rises 45.7% on the daily chart.
Its relative strength index (RSI) is also stable at 45.67. On the EToro platform, you can purchase NFT encryption codes such as MANA, CHZ, XTZ.