Best Crypto to Buy Now August 26 - Dash, Mantle, Litecoin

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We cover some contenders for the best cryptocurrency to buy right now, potentially worth adding to your watchlist over the coming days.

It’s the weekend, and the crypto market is quite slow today. Nonetheless, the slow pace of the crypto market does not have adverse effects on the performances of the assets.

Many tokens on the declining trend saw a slight improvement in their prices. Similarly, the global cryptocurrency market cap increased by about 0.5% in the last 24 hours.

Best Crypto to Buy Now

The question that might bother some investors is whether the cryptocurrency market will be able to maintain its growth till the end of the Quarter. Also, many are currently wondering about the best crypto to buy now. The answers to the questions are not far-fetched. Today’s article aims to identify the top-performing cryptocurrencies and presales. It provides a rundown of their potential.

Global Crypto Market Cap Chart

Similarly, a special mention of the Sonik Coin is featured in the article. The crypto project is still in its presale but worth its weight in gold. The article covers the performance of its presale so far and provides a pointer to where it might be in the future.

1. Litecoin (LTC)

The past few weeks have been very tough for LTC holders. Many expected improved performances after LTC halving, but the trends ever since have been discouraging. Litecoin has lost nearly 42.5% of its value since its halving. Some have gone as far as predicting that the token is set for a permanent decline. However, how true is the prediction?

Firstly, it’s too early to give up on LTC. August has been a cloudy month for the entire cryptocurrency market. The exploit in the early days of the month was the first to ignite the downtrend. Also, the recent market downturn has further pushed the overall price of cryptocurrencies across the board.

Hence, the LTC price decline is not exclusive because the bear condition in the market has impacted most crypto assets. LTC’s current price is above its 50-day moving average, indicating that the token can still ignite a short-term bullish moment. In line with that, the token printed gains of over 3% in the early hours of today, and that might be one of many more to come.

Furthermore, LTC, in the past 52 weeks, outperformed over 52% of the cryptocurrencies in the market, making it one of the best-performing tokens. Still, it has recently touched the oversold rating according to its RSI value. In that case, there’s bound to be a quick reversal. Also, LTC’s market cap reveals that it has enough liquidity to pull in investors over time.

Thus, while the long-term outlook of LTC hangs in the balance, its current performance is still on track, and it might be one of the best cryptos to buy now.

Nonetheless, there’s a need to weigh the profit-to-risk ratio before deciding on LTC. It will help investors withstand the downside threatening the asset’s potential.

2. Mantle (MNT)

Mantle is a layer two solution for the Ethereum network. It gained popularity after its merger with the network, which resulted in the migration of BIT to MNT at 1:1. Following the migration, the MNT received a surge in price, pushing the asset’s value from $0.47 to $0.59. However, since its peak price late last month, MNT’s price has been declining. Although, the trend is a little different today.

In the last 24 hours, the MNT price surged by over 3%. Additionally, the token’s trading volume also received a boost of about 67% in the last 24 hours.

The sudden improvement can be traced to recent partnerships and platform use cases. A recent example is the partnership with the LayerZero labs. The duo aims at pioneering Omnichain functionalities that would enhance Mantle’s capability in dApp development and allow its dApps to communicate with 32 blockchains.

Mantle x LayerZero: Pioneering Omnichain Possibilities 🌐
We’re thrilled to be working closely with @LayerZero_Labs.
This integration will allow dApps building on Mantle Network to interact with 32 blockchain networks & more in the future 🤝#BuildonMantle pic.twitter.com/YU7Mf35FHC
— Mantle (@0xMantle) August 25, 2023

This new move opens up a world of opportunities for the Mantle network, which may account for the pump in the trading volume of the assets.

Even though Mantle is quite far from its potential, the current trend reveals a higher chance of Mantle performing better in the future. In that case, it might be one of the best cryptos to buy now or include in the watch list.

3. dYdX (DYDX)

There’s been a recent rise in the accumulation of DYDX. Most of the accumulation comes from key players in the DeFi sector. dYdX is the governance token of the non-custodial DEX. Hence, holders voting rights are in proportion to the number of tokens they hold.

The spike in price is the result of the accumulation going on in the network. In the early hours of today, the token saw a sudden rise in value, which pushed it to the top gainers lists. From the fundamentals of DYDX, there will likely be more spikes in the coming weeks. The token has printed impressive performance in the last 30 days, with 15 green days. Also, its performance in the last 52 weeks puts the token head of over 85% of the leading cryptos on the market.

However, DYDX has downsides, which could give the bears a fighting chance. The technical analysis of the token reveals that there are chances of a bearish trend resulting from the trends of its current price and its 200-day moving averages. Hence, there will be a need to conduct further research before deciding on the token.

4. Dash (DASH)

Dash is currently on the rise and might be one of the best cryptos to buy now. The sentiment of the crypto community towards DASH took a turn for the worse after it failed to deliver the expected price pump after its halving. Dash is an open-source digital currency project out to become the dominant means of exchange.

Dash is a hard fork of Litecoin that hopes to provide answers to the limitations of LTC, and it often follows LTC trends. DASH has also seen an increase of over 3% in the last 24 hours, making it one of the top gainers in the crypto market today.

The gains might continue for the rest of the weekend as DASH RSI currently has a value that places the token in the oversold region. Additionally, the improvement to its payment program may also have increased the social visibility of the token, leading to a rise in its value.

👤Set username.
📸 Personalize profile with photo and bio
✉️ Sponsors Invitations.
👪 Registration of family and friends for frequent payments.
These are just some of the upcoming updates to an improved and innovative Dash Wallet📱🤩.
Read more:https://t.co/jeMPeqyNci
— Dash (@Dashpay) August 25, 2023

However, the probability of a protracted pump in price is unlikely. Hence, investors should take a rather approach to the token with a short-term strategy to capitalize on the quick changes in the asset price. The token would likely bow to the resistance at the $26 range, as indicated by the difference in its current price and long-term moving averages.

5. Sonik Coin (SONIK)

Sonik Coin is on its Fastlane, speeding towards its $2,098,547 milestone. With its unique focus on speed, it crafts a vision of becoming the fastest crypto to reach a hundred million market cap.

True to its vision, the cryptocurrency has achieved a quarter of its presale fund within a few days of its launch. At its current pace, the overall vision might not be out of reach.

Besides its unique vision, Sonik Colin’s fun approach to degen investment is also remarkable. The project has replaced the pressure and uncertainties of crypto investment with the energy of your and a fun-loving community.

Too fast, too furious, too $SONIK
Don’t miss the #Presale!
🚀 https://t.co/s1fTdXDQCK pic.twitter.com/495cVj7pDW
— SONIK COIN (@Sonikcoin) August 25, 2023

Consequently, it’s inviting other fun-loving degen investors to come on board. The goal is to have the best hands and people in the community who will work together to see the project through to its vision. Sonik Coin’s presale price is $0.000014.

The time is gradually ticking to the end of the presale. According to the timer available on the Sonik Coin Presale page, there are about nine days to the end of the presale. Hence, taking advantage of the offer while it lasts might be best.

Visit Sonik Coin Presale

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