Are you looking for the best cryptocurrency to buy now in the week of August 1? We have an interesting lineup for the first week of August. Let’s look at them.
1. Pinot (STX)
From the list begins STX, the native brand of the layer-1 Bitcoin blockchain solution, Stacks. The price of STX has increased by 15.93% in the last 24 hours and is currently trading at $ 1.41.
The STX coin has a market price of $ 1.7 billion and a solid investment on the chart, so it must definitely be considered the best cryptocurrency to buy now.
The Stacks Foundation, which manages Stacks technology, has recently been actively developing the network. Foundation announced a few days ago, the cryptographic company Blockchain.com has listed the STX ID on its stock exchange.
The list includes STX-USDT, STX-USDC, and STX-USD pairs.
Last month, the Stacks Foundation also launched a new portal called Clarity Universe. The portal focuses on raising awareness of the Clarity smart contract language. The language event for clarity is set to mark the beginning of a new era of smart Bitcoin.
2. THORChain (RUNE)
The RUNE for the THORChain network is our next encryption group to buy now. The property has been on an upward trend since last week and is still gaining numbers.
At the time of the press, RUNE is trading at $ 6.96, and the price has risen 8.61% in the last 24 hours. According to the market value, RUNE is ranked 59th among the largest cryptocurrencies.
By the end of the year, the THORChain network was developing upgrades to move to a multi-chain network.
Earlier this year, the network already started its distributed inter-chain exchange (DEX) THORSwap and its Chaosnet platform. The most recent introduction is the collaboration between THORChain and the Synthetix protocol for decentralized financing (DeFi). The partnership, announced in June, led to THORSwap’s ThorChain Synthetics project.
3. Decentraland (MANA)
Because Decentraland’s MANA has such a strong presence in the world of virtual reality, it is one of the most important cryptocurrencies to buy now.
The market value of the ERC-20 ID used for administration and payment tasks on the blockchain-based gaming platform is approximately $ 1.2 billion. MANA is one of the 70 most valuable cryptocurrencies on the market.
Although MANA is currently down 0.78%, it should not prevent investors from making it the primary cryptocurrency currency to buy now.
The asset, which is trading at $ 0.695, has a good reputation because it is a brand associated with NFTs. With NFTs gaining momentum this year, MANA is on its way to over the current price.
This strong NFT position is reflected in Decentraland’s recent collaboration with the popular Coca-Cola brand. The blockchain company happened to be partners in the launch and auction of Coca-Cola during its first NFT collection. Also a global beverage company cooperated OpenSea and designer Tafi at the NFT marketplace.
In June, the world’s oldest auction house, Sotheby’s, chose Decentraland as its most popular virtual gallery destination. Sotheby’s claim to its role in the metaverse by opening its first virtual gallery demonstrates the popularity of the Decentraland project.
4. Shiba Inu (SHIB)
Shiba Inu was widely known as the “Dogecoin killer,” and he broke into smuggling after a 21,000% increase in just a week. This has seen several investors accumulate in SHIB and why we believe it to be one of the best cryptocurrencies to be bought now due to the relatively cheap price.
Since the heels of hot Dogecoin, Shiba Inu has been a revelation and has become a clear favorite on hot meme coins. After Dogecoin, Shiba Inu is the next most popular dog-themed cryptocurrency.
This has become one of the most popular meme-based cryptocurrencies.
It has recently launched its distributed exchange service platform (ShibaSwap) that allows users to DIG (provide liquidity), BURY (input) and SWP tokens to get WOOF returns. It also allows users to receive passive income from their SHIB IDs.
In addition to being a liquidity protocol, ShibaSwap also supports digital collectibles or non-exchangeable tokens (NFTs).
Currently, 1 SHIB costs $ 0.000006 and has fallen 0.35% in the last 24 hours. However, SHIB is still a high-level coin with a market value of about $ 2.5 billion and is the 44th most valuable cryptographic warehouse.
In addition to pricing, Shiba Inu has seen growing acceptance, and this should be a good reason to add it to your cryptocurrency to buy now.
A dogecoin spinoff was added recently social trading platform eToro Over the weekend. The online broker added support for the SHIB logo due to growing user demand.
5. Polkadot (DOT)
Polkadot’s unique value proposition and strong connection to the Ethereum network make it a buy-in cryptocurrency now.
Founded by former Ethereum founder and chief technology officer Dr. Gavin Wood, Polkadot is a multi-chain heterogeneous blockchain platform that allows both private and public blockchains to communicate using fragmented technology.
In essence, it allows value to be reliably transferred between blockchain platforms.
The polkadot has four core components, including a relay chain, parachute, side turns, and bridges. Its transmission chain serves as the core of the block chain platform and enables consensus and interoperability between multiple block chains.
Vallo chains are independent block chains with their own logos and utilize the Polkadot protocol. On the other hand, side threads allow for a flexible connection because encryption protocols can temporarily host their platforms on the Polkadot network if they wish.
At the time of the press, Polkadot was trading at $ 17.43 and has fallen 3.49%. Although the price of the DOT logo has currently dropped, it has a large trading volume, $ 1.4 billion in the last 24 hours.
Ball pattern is one of the most popular Ethereum killers, and its growing acceptance by daps has shown it to rise to the top ten most valuable cryptocurrencies.
Although Polkadot has not fully launched its dapps platform, its sister canary network Kusama is expected to announce the network at parachain auctions.
Last month, the first decentralized exchange in the Kusama ecosystem was started Karura, Acala Foundation Distributed Funding Network (DeFi). According to the announcement, Karura Swap opened trading with a total value of $ 3.4 million.
Once the Kusama parachain auction is over, the Polkadot will start the parachain auction and this will likely see its DOT symbol rise.
Capital at risk.