Best Crypto to Buy Now August 11 - Fantom, SUI, THORChain

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Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched on CEX and DEX platforms daily.

As the weekend slips in, the crypto market is becoming relatively slow. Global trading volume, for example, fell by 20%.

Also, there’s a growing concern as BTC slips back into decline. Is there still a chance that the crypto market will experience a bull run?

Best Crypto to Buy Now

Now is the best time to consider investing in crypto presales. The crypto market is on a long winter with immense risks of bull and bear traps. Hedging investment gains with presale opportunities could be the best path out of the gross uncertainties in the market.

Global Crypto Market Cap Chart

While major cryptocurrencies struggle to climb above the support levels, several presale projects have raised millions in presale funds. Today’s list features unique presale crypto that investors should watch out for. Read on to discover more.

1. Fantom (FTM)

Fantom scarcely appears on gainers lists. However, its performance today is one of those rare moments. The token found itself near the top of the gainers list on CoinMarketCap with about a 4% increase in price in the last 24 hours.

The cryptocurrency just ended a period of price consolidation and is now swinging into an uptrend. FTM price has been on a consistent climb for about three days now. What is more interesting is that the gains might continue into the coming week. The reason could be traced to yesterday’s news.

FTM might be able to improve its brand perception and investors’ confidence in its assets through the partnership with Amazon’s AWS.

The duo, AWS, and Fantom Foundation teamed up to launch the game development workshop. The goal is to help participants learn how to create Web 3 fantasy games and other fascinating dApps on the Fantom and AWS platform.

The move must have triggered the spike in the asset’s trading volume, which went from $43 million yesterday to $63 million today. With the growing demand also comes a spike in price.

Jump into the world of Web3 gaming with @aws & #Fantom!
Today AWS launches a workshop teaching developers the fundamental skills to create interactive blockchain games on the #Fantom network
Join the workshop with us 🖖
There is much yet to learn! 🖱️
🧵https://t.co/0AljwzzG5c pic.twitter.com/XQmgkbJZZh
— Fantom Foundation (@FantomFDN) August 10, 2023

While the brief activities might not be enough to trigger an FTM rally, the team is committed to growing the platform. Also, its strong fundamentals show that FTM still has a future ahead, and it might be one of the best cryptos to buy now.

2. THORChain (RUNE)

THORChain token, RUNE, has had an impressive journey since the platform’s launch in 2021 through 2022. Overall, investors who got in early have raked in over 6000% of their initial investment. However, is there still time to get into the RUNE opportunity?

THORChain has been in a battle to keep the value of its token. Generally, being in the DeFi sector accounts for the drastically declining price of RUNE. Nonetheless, there is still time to buy the asset. It is one of the best cryptos to buy now.

The claim comes from the rapid improvement that THORChain is working towards. A more recent one is the Streaming Swaps, designed to improve efficiency and speed. With the new development, the platform users enjoy any of the advantages of Speed when making swaps on the network. Also, users can now choose to trade off speed for capital efficiency.

How has this improvement reflected in the performance and perception of RUNE? The token price and trading volume have been on a rising spree since the announcement. In the last 24 hours, RUNE recorded a price increase of over 4% while its trading volume increased by nearly 30%.

More importantly, that’s not the first of the RUNE’s recent increase. In the last 30 days, RUNE has recorded over 16 green days. With that trend, the token should be able to stall its protracted fall and return to an uptrend.

.@THORChain has introduced a feature called “Streaming Swaps.” This detailed thread will dissect the intricacies of this transformative development in the decentralized cross-chain protocol ecosystem.
[1/24] pic.twitter.com/InkrLBNUzB
— The Red Souk (@Red_Souk) August 10, 2023

Nonetheless, there’s still a need to get the asset’s price to climb above its 200-day moving average. It presents an opportunity to buy into the pessimism and reap the profit when it finally climbs back up. However, investors should conduct further research to understand RUNE’s future direction.

3. Sui (SUI)

Is Sui the best cryptos to buy now? Sui has been a significant candidate on the CoinMarketCap gainers list. Interestingly, it is always listed near the top, printing massive intraday gains.

Today’s performance is not different, as SUI recorded a 3% increase. Why is the SUI price on the uptrend?

The growing expertise and team behind the project contribute to its impressive performance. A recent addition to the SUI team is Sina Nader, the head of partnership at FTX US.

However, some downsides to the SUI trend call for grave caution. The first is that its current price is much below its long-term trading averages.

Consequently, the market might succumb to fear and switch into a selling frenzy. Ordinarily, this is already in play as the token’s RSI is already getting closer to the oversold ranges.

Also, there’s been some criticism of the project’s tokenomics, which appears to favor venture capitalists more than its community. Similarly, the displeasure may have triggered the current sell-off on its chart.

Despite this downside, SUI’s fundamentals and the team behind the project present an opportunity for a long-term prospect, and it might be the best time to buy the token at a discount.

4. VeChain (VET)

InvesHass, with VeChain on their watch list, might need to take the asset more seriously now. VET is currently on a trend that might position the asset for impressive future gains. Today’s VET chart, for example, reveals that the token has an intraday gain of over 3%.

The growing interest in VeChain might present an opportunity to break its year-long decline. Also, VeChian’s lower volatility compared to newer cryptocurrencies is another notable upside that puts it ahead of newer cryptocurrencies.

Furthermore, its higher liquidity gives it a rather attractive potential, especially regarding liquidity. VET has a trading volume of over $31 million at press time.

Even though VET bulls are throwing their weight behind the asset, the activities of the bulls are still dominant. VET has more sell signals in its moving averages than buy signals. A good instance is its 100-day EMA which currently trends above its 10-day Ema. With that, VET risks the exodus of investors. However, its high liquidity might present an incentive to stay.

Above all, VeChain might find its needed rally as it continues to beat its path to the top of the chart. Hence investors should watch the token closely.

5. Shibie Coin (SHIBIE)

A few days after its launch, the Shibie Coin presale glides towards its $500,000 goal. At press time, the total fund raised is slightly above $327,000. Aspiring investors should move with some sense of urgency as the presale goes toward its end.

📣 $shibie has been hard at work arranging a flurry of new PR going out today! If you’ve been waiting to jump in, now’s the perfect time. Act fast, a sell-out is on the horizon! ⏱️🚀 Will $SHIBIE make it to 1 BTC? #crypto
Join the presale now: https://t.co/0vq6u6CXw2 pic.twitter.com/xS1Qhuux1k
— Shibie Coin | Presale Live (@ShibieCoin) August 11, 2023

The Shibie Coin project is out to remodel the Shiba Inu dreams, and it’s already showing signs that it’s more than capable of achieving it.

Besides its formidable team, another strength that places Shibie Coin ahead of other memecoin projects is its robust tokenomics.

The project is releasing 3,000,000,000 SHIBIE tokens to the public in the presale round with a valuation of $500,000. The token is priced at $0.0001666665, and its total supply is pegged at 5 billion. 20% of the total supply will be set aside for liquidity.

Again, 10% will be deployed toward the CEX listing. And the remaining supply is allocated toward critical aspects of the project. With that, Shibie Coin has the potential for a more stable price in the long run.

Additionally, the memecoin feature of the project is already in effect, with loads of fun content circulating on its official Twitter handle and other social media. While focusing on profit, the community also prioritizes fun and engagement.

The Shibie Coin presale page offers more profound insight into the project, its inner workings, and other details that might help investors make informed decisions.

Visit the Shibie Coin presale

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