Best Crypto to Buy Now July 15 - Injective, Mr Hankey, BNB

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The much anticipated Ripple effect now looks like a Bull trap in retrospect. XRP raked in 77% gains less than 4 hours after its partial victory and lost over 8% of its value 24 hours later. Bitcoin is back in the $30k region, and the fear/greed index has fallen back to 58. The global crypto market cap has lost 2.3% in the last 24 hours. Suddenly, it feels like the uncertainty has returned to the crypto market. What are the best cryptos to buy now? Despite the resistance and the activities from the bears across the crypto market in the last 24 hours, some assets are better positioned to come out on top, and this article identifies some of them. However, with the details coming in a moment, let’s have a glance at the overall performance of the cryptocurrency industry.

The global crypto market cap is down by 2.23% in the last 24 hours, forcing the price to about $1.22T. Trading volume is not also coming up well with a decrease of over 36% and a value of $46.9 billion in the last 24 hours. Furthermore, the DeFi sector seems to see a slight increase in activity over the day as over 8% of total crypto transactions in the last 24 hours happened in the sector. In the meantime, bitcoin has lost some inch of its dominance, falling back to 48.4% and its price is also on the decline with a nearly 1% decline in the last 24 hours.

Global Crypto Market Cap Chart

Best Crypto to Buy Now

The last three days seem to have been a classic case of bull trap across the crypto market as many coins with booming performance are plunged into the red zone by the bears. In times like this, identifying promising projects with potential ROI is the best step to take. At the moment, one such project is the Mr. Hankey Coin with explosive growth on the DEX tool. Find out more about this in the article.

1. Injective (INJ)

Injective is up by almost 20% in the last 7 days with its trading volume nearly reaching up to 50% in 24 hours. Besides the latest gains, the token has been on the rise in the last 30 days with gains topping 64% in the said period.

The token is currently seeing a surge in price action. INJ has spent two days in a row on the CoinMarketCap gainers’ list and also featured on other DEX top gainers lists. What’s fueling the gains of Injective? As the market moves towards DeFi, projects in the sector enjoy an influx of funds.

.@HelixApp_ is pushing $100M+ size 2 days in a row pic.twitter.com/3EbH737B7t
— Cooper (@cooper_emmons) July 14, 2023

Looking at the injective market cap chart in the last 30 days, INJ’s market cap has grown consistently, reaching as high as $776 million on the fourteenth of the month. As of today, DeFi constitutes over 8% of trading volume across the global crypto market and this has been the trend for most of July.

Injective protocol plays a key role in the decentralized derivative market. It provides users access to a wide range of financial services and products across the crypto industry. It also allows users to create Dapp products and provide their services at lower gas fees and faster block time. The combined advantage makes the Injective platform attractive to developers venturing into the DeFi sector. With increasing interest in DeFi, the value of INJ would see increasing gains in the coming months.

Looking at its charts, INJ has minimal resistances to overcome along the $9.8 to $10.8 zones after which it might witness a massive surge that will push the value of the coin upwards of $13 to $15. At the moment, it’s best to keep an eye on its price movement and see if it’s likely to break through the $9.8 resistance. Nonetheless, it’s safe to recommend INJ for long-term investment as the coin has enough room for gains in the coming months.

2. BNB (BNB)

The BNB surge of yesterday appears to have retraced from the highs of $259 to $246 in less than 24 hours. As of today, the token continued to swing between high and low with a total gain of $4. What looks like a surge in value yesterday might have been a bull trap. Nonetheless, BNB is likely to record price actions in the coming days as the platform draws near to the implementation of the ZhangHeng upgrade.

The ZhangHeng upgrade is a hard fork from the BNB chain designed to combat threats and other potential hacks in the BNB network. The upgrade is named after the Chinese polymath and was announced on the official BNB Chain Twitter handle. The hardfork is intended to go live at the 328,088,888-block height.

Ideally, it does not require further actions from BNB holders. However, miners have a few adjustments to make. The Hardfork is bound to create some level of price movement which might result in some changes in the value of the asset in the coming days.

Other initiatives across the BNB chain include the AvengerDAO. The project is intended to help BNB combat blackhat activities across the BNB chain. AvengerDAO Detect High-Risk dApp Projects, detect High-Risk Addresses, and execute risk Remediation.

Important information about our latest upgrade ⤵️https://t.co/4sJkTJbGeZ
— BNB Chain (@BNBCHAIN) July 12, 2023

Even though Binance is embattled with the SEC, its native token, BNB, continues to break ground in the cryptocurrency industry with hundreds of projects launched across its ecosystem this year. With the rate of development across the network. BNB might be the best crypto to buy now.

3. Litecoin (LTC)

Barely 18 days to halving, the Litecoin rally is yet to kick off. Since mid-June, there’s been speculation across the crypto market that the weeks and days leading to the LTC halving event would be greeted with a wild LTC rally. However, the expected rally is far from reality as the price of Litecoin is down by nearly 6%.

Even more surprising is the fact that while the market enjoyed a massive price surge across the board yesterday, the value of Litecoin remained unmoved. Rather than trending upwards in response to the Ripple effect, LtC witnessed a bull trap that shaved over $30 off its price in less than 24 hours. At the moment, the market remains indecisive as the token continues to trade sideways for the last 48 hours.

Invariably, LTC is following the path of the DASH token. The weeks leading to the halving of DASH had no positive effect on the value of the token. The price of DASH dipped from $42 to $29 in the days leading to its halving. The recovery started days after the DASH halved on the 23rd of June.

Looking at the price action across the LTC charts, the same effects are observed as the token continues to trade sideways for some days now. Interestingly, every attempt by the bulls to force the price to go up meets intense resistance for the bear. In the meantime, the price of the token may succumb to pressure from the bear taking it below $90.

Investors who are looking at a medium-term investment option can keep an eye on the price movement of LTC. The token might witness a surge after halving. However, it might experience a wide dip in the days preceding its halving and that might be the best time to buy into the asset in anticipation of a recovery that might take it back to the hundred-dollar mark before the end of the year.

4. Ethereum (ETH)

Ethereum has lost its gains and is back at $1900+. After the coin briefly touched the $2k in the bull run of the 13th/14th of the month, many assumed that the Ethereum bull run had finally kicked off. However, the token has since lost over 4% of its value in the last 24 hours.

Nonetheless, Ethereum is not totally out of the list of the best crypto to buy now. The recent price action only demonstrates the willingness of the bulls to swing into action at the onset of the bull rally. Ethereum has been trading sideways in anticipation of the expected upgrade. One of the best times to get in on the Ethereum opportunity is now. There are expectations that the impending upgrade might force the value of the coin above its all-time high of $4800+.

5. Mr. Hankey Coin (HANKEY)

Mr. Hankey Conin is currently making a winning stride on the Dextool with a wide margin at its debut about 20 hours ago. If you have ever thought of a shitcoin that’s not afraid to identify as one, then it’s Mr. Hankey Coin. However, what sets HANKEY apart from the rest is the versatility of the team behind the project.

We are on DexTools, update incominghttps://t.co/MaLnyn0SyZ
Liquidity has been lockedhttps://t.co/MyB18Is6df
The contract renouncement is herehttps://t.co/Seyz2oLpLG
Lets cook this turd 💩
— Mr Hankey (@MrHankeythecoin) July 14, 2023

While most of the shitcoin projects are executed by regular creators, Mr. Hankey Coin is the brainchild of veterans in the crypto industry who have been part of past crypto successes. Even though these brainiacs prefer to keep their identities anonymous, the effect of their efforts reverberates across the project. For example, barely days after the launch of the HANKEY project, the communities formed around the initiative have reached thousands.

Barely 24 hours after its launch, HANKEY entered the trending list on Dex tools, stamping as one of the fastest-growing tokens on arrival. Investors who’ve missed out on the presale of the asset can still make up for the lost opportunity by leveraging the buy/hold strategy as the coin continues its journey to the moon.

Visit Mr. Hankey Coin

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