The crypto market looks bearish as Bitcoin struggles to breach the $58,000 resistance level, hampered by persistent selling pressures from the German government and anticipated sell-offs from Mt. Gox creditors.
The German Government is resuming their sending of #BTC to exchanges like Bitstamp and Coinbase…
Lord have mercy pic.twitter.com/kRmRCIx5aK
— Devchart (@devchart) July 8, 2024
Despite a largely bullish US jobs report, Bitcoin is currently trading around $57,000, marking a 0.34% decline in the past few hours.
Altcoins and meme coins have also experienced losses, with Toncoin (TON), Tron (TRX), and Dogecoin (DOGE) dropping by 4.66%, 3.035%, and 0.46%, respectively, over the last 24 hours.
Ethereum (ETH) has shown resilience with a 1.63% gain, however, while Solana (SOL) and Binance Coin (BNB) have also posted modest increases of 1.33% and 1.41% during the same period.
Many analysts predict that the ongoing sell pressures could continue to weigh on Bitcoin in the near future, potentially impacting the broader altcoin market, which raises concerns about whether Bitcoin is currently the best crypto to buy now.
Bitcoin continues to plunge lower as the German government dumps their BTC holdings.
Contrary to the fake news circulated by Bitcoin maximalists yesterday, the government did not buy back Bitcoin.
Instead, some of their sell orders were not filled, so the unsold Bitcoin was… pic.twitter.com/HAz74kmujh
— Jacob King (@JacobKinge) July 7, 2024
Nevertheless, certain lesser-known altcoins have demonstrated greater potential in the past 24 hours amid the volatile crypto market conditions.
Celestia ($TIA)
$TIA is the native cryptocurrency of Celestia, an advanced decentralized data availability network designed to scale with increasing user demand.
Scale without permission https://t.co/tiUdWyP6tf
— Celestia (@CelestiaOrg) July 2, 2024
The scalability feature allows for the effortless deployment of new blockchains without the traditional requirement of a dedicated validator set.
The value of $TIA stems from Celestia’s high-throughput data infrastructure, which ensures that transaction data is securely available and verifiable by all network participants.
At press time, $TIA is trading at $5.95, reflecting an 11.59% increase over the past 24 hours, with a noteworthy trading volume of $92.9 million. With a market capitalization of $1.16 billion, $TIA maintains robust liquidity in the market.
$TIA is up by 11.59% in the past dayDespite a decline of 70.5% from its all-time high (ATH) of $20.91 on February 10, 2024, $TIA shows potential for recovery, supported by its Relative Strength Index (RSI) rising from 33.27 to 44.54.
TIA RSI signals movement to a bullish zoneThe upward trend in RSI suggests growing momentum towards a bullish phase, which indicates potential future gains and a possible return to previous ATH levels as market conditions evolve.
Notcoin ($NOT)
$NOT has surged into the spotlight by breaking into the top 50 cryptocurrencies by market capitalization and may very well be one of the best crypto to buy now.
Notable as part of The Open Network (TON) ecosystem, Notcoin started as a viral social game hosted on Telegram. The game allowed users to earn cryptocurrency by tapping on a virtual gold coin, gaining attention for its engaging gameplay.
Top Gaming Tokens: This Cycle vs. Past Cycles
Fueled by a 100% token allocation to users, @thenotcoin cemented itself among the top gaming coins this cycle.
Now the 3rd largest by Mcap, $NOT averages $300M to $1.5B volume daily, leading gaming tokens across all ecosystems. pic.twitter.com/OlwOgfCNKJ
— Delphi Digital (@Delphi_Digital) June 27, 2024
Since its listing on Binance in May, $NOT has experienced substantial growth.
The token currently trades at 0.017 and has seen a 7.45% increase in the past 24 hours and a 21.89% rise over the last seven days, indicating robust upward momentum. $NOT boasts a highly liquid market that attracts high interest from traders with a trading volume of $1.24 billion and a market capitalization of $1.73 billion
Data from CoinGlass highlights a remarkable 90% surge in $NOT’s total open interest (OI) between July 6 and 8, pinpointing its growing popularity and market activity.
$NOT OP surged 90% between July 6 and 8The token’s current price presents an attractive opportunity for investors, supported by its consistent positive trends and an RSI of 59.20, indicating a bullish momentum.
$NOT RSI suggests an upcoming bullish zoneExperts predict $NOT’s steady growth will be driven by its play-to-earn platform, increasing user participation, and advancements in Web3 technologies.
Notcoin Explore is about to become a public platform for web3 projects worldwide
What projects do you want to see there more?
— Notcoin Ø (@thenotcoin) June 28, 2024
This optimism suggests the potential for $NOT to achieve new price highs, offering high returns for both short-term traders and long-term investors.
Starknet ($STRK)
$STRK is the native cryptocurrency of StarkNet, a layer 2 scaling solution and decentralized execution platform designed for Ethereum.
The $STRK token plays essential roles within the StarkNet ecosystem, such as covering transaction fees, rewarding validators who secure the network through staking, and enabling community governance participation.
StarkHack has set a new standard as one of the most successful online hackathons for Starknet!
Organized in collaboration with @ETHGlobal, no less than 151 teams built a project on Starknet during the event
An even more interesting result from this event: the Indian… pic.twitter.com/rrUiLuYKvK
— Starknet (@Starknet) July 4, 2024
Trading at a price of $0.58, $STRK has shown resilience with a 6.22% increase in the past day, accompanied by a notable trading volume of $65 million and a market cap of $860 million.
$STRK is currently 83.9% below its ATH of $3.66 on February 20, 2024, which coincides with its trend analysis, pinpointing a downtrend since April 1, 2024. The RSI technical analysis is at $36.36, a jump from a steep bearish zone of 26.54, thus indicating potential for gradual price recovery.
RSI shows gradual price gains despite trend analysis dataThe current low value and recent price gains make it an attractive investment opportunity for short-term traders seeking rapid returns, making it one of the best cryptos to buy now.
Crypto Presale Stands as the Top Alternatives
All the tokens mentioned have recorded impressive price gains within the past day and, based on their strong fundamentals, price analysis, and short-term outlook, have the potential to hit new price heights.
If you are looking for new projects with strong growth and fundamentals, however, crypto presales might be a suitable alternative.
Hundreds of crypto projects sell their tokens at discounted rates in a bid to raise capital. Finding the most promising of these tokens requires careful evaluation and adequate research.
Conducting thorough research on these projects is no mean feat. Our curated list can be a starting point if you’re pressed for time. Analysts at CryptoNews have poured through different projects to create this list of the top presales right now that have the potential to become the best cryptos to buy now.
14 Best Crypto Presales to Invest In Now
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