Best Crypto To Buy Now August 8 Maker, Solana, THORChain

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We review multiple options every day The best cryptocurrencies to buy right now based on the latest market movements, blockchain news and trending stories .

Today's update brings some interesting news as sentiment in the cryptocurrency market could continue to improve. Despite efforts by FUD sellers to erode public confidence in cryptocurrencies, the trend is improving.

The latest news relates to PayPal's PYUSD stablecoin that was launched yesterday.

Interestingly, the positive impact of the news spilled over into the entire cryptocurrency industry, reviving confidence in the future of cryptocurrencies. Following the announcement, Bitcoin is up more than 1.1% today.

Additionally, this news has prompted many Twitter users to express their commitment to monopolizing BTC. They now seem more confident that the long-awaited bull market is just around the corner due to the entry of co-op giants into the industry. However, while the market awaits the arrival of the working bills, this may be the best time to consider a cryptocurrency trading project like Chimpanzee . These projects reinvent the conservation approach. And in the long run, they could be the next winners in the market. See the article for more details.

1. Manufacturer (MKR)

Maker is back on the rise. Will he be able to top the list of winners again? For most of the month, MakeDAO's original MKR token is up.

At some point, there is a strong potential to surpass $1,500. During this period, the asset's value continued to rise to $1,300 before falling back to $1,200.

Many have criticized MKR's recent price fluctuations. However, a softening of the MKR price was expected. The previous swing seen on its charts took it far enough to test the $1,300 resistance.

However, the token is gaining momentum and starting another uptrend that could present an opportunity for profit-taking in the short-term.

Manufacturer's price table

Currently, MKR price is moving away from the $1,200 price point with a price increase of about 2%. The price touched $1,220 in the last 24 hours and it might rise before the close of the day.

Also, revenue will be significantly boosted by the increased activity surrounding the Spark protocol. Unfortunately, it is currently widely believed that MKR is not a safe crypto investment. But contrary to popular belief, the signals on his charts suggest otherwise.

For example, MKR currently outperforms 77% of the top 100 tickers on the market. Likewise, the price is currently well above the 200-day moving average.

The growth of the Spark protocol has been exceptional.
In just 24 hours, users borrowed over 49 million DAI.
This corresponds to an increase in DAI credits of +248%. pic.twitter.com/AxiO3FVovB
— Maker (@MakerDAO) August 7, 2023

Furthermore, the liquidity of this asset is high due to its large market capitalization and 97% of the total supply is already outstanding.

Without a doubt, MKR is currently one of the best cryptocurrencies to buy . The only downside is that real estate has high volatility, making price movements unpredictable for long-term investments.

2.Solana (SOL)

Solana's price drop may finally be over. Asset prices fell in mid-July and bears have dominated since then. In a downtrend, the token lost more than 16% of its value in less than 25 days.

However, the SOL trend turned into an uptrend early this morning. Currently, the daily price increase is just over 2%. Its trading volume has also increased by more than 30% in the last 24 hours. However, liquidity remains high due to market capitalization.

Likewise, SOL's price is currently trading above its 200-day moving average. Most likely, the above indicators will provide sufficient grounds for the continuation of the current trend.

Solana price chart

Another fact that currently makes SOL one of the best cryptocurrencies to buy is the recent records it has achieved. Assets like Bitcoin and Ethereum have seen outflows of up to hundreds of millions over the past week. In contrast, Solana and several altcoins are seeing multi-million dollar inflows of wealth.

Trends result in sudden increases in asset prices and trading volume. In addition, the token also increases its TVL, which means progressive growth. If the trend continues, the stock is more likely to resist the uptrend. However, there are also disadvantages to consider. The size of social assets has declined recently, particularly after the SEC classified SOL as a security.

3. TORCHIN (RUNIES)

It's been a bad year for RUNE holders as the token has lost more than 60% of its value over the past 52 weeks.

THORChain is best known for its decentralized liquidity protocol. While most assets in the defi sector are struggling to stay afloat, RUNE has managed to gain over 4% in the last 24 hours.

THORC Circuit Pricing Table

In addition, the token pump is seeing record volumes. Investors should pay attention to RUNE's performance as it is currently one of the best cryptocurrencies to buy.

Credit - sent.
Maybe the next villain?
Why?
- continue to burn $RUNE via payment documents
– combustible collateral exceeding the liquidation price
– Open positions are held as capital $RUNE (derivative asset)
This reduces the risk of RUNE and credit deflation.
— THORChain (@THORChain) August 8, 2023

Most of the trend is influenced by the implementation of deflation and burn strategies. The token could see a higher price in the coming days. Simultaneously. Take a close look at these assets.

4. Bitcoin Cash (BCH)

BTC's price surge is also reflected in its forks. However, the volume of goods turnover is decreasing. In the last 24 hours, its trading volume has increased by more than $2.4 billion; compared to the previous day, however, it was around 21% less.

Although the volume was down, the early morning chart was recorded showing an increase of more than 4%. The price of BCH briefly touched $248 before dropping to $238.

As the hopes of the cryptocurrency investment community shift towards cryptocurrencies, BCH could be one of the best cryptocurrencies to buy right now. More importantly, BCH's low volatility makes it more attractive for long-term strategies. However, one should keep in mind that all cryptocurrencies are volatile as the market is still in its infancy. However, tokens with larger market caps and liquidity tend to exhibit lower volatility than newer cryptocurrency assets.

Bitcoin Cash price chart

Another factor currently making BCH a token to watch is its moving averages. At press time, BCH is well below the current price of the 200-day moving average. Investors will always be inclined to sell.

This may make it possible to maintain the lead for a while longer. Additionally, BCH accounts for over 83% of the industry's top assets, meaning it is in the top 10% of the cryptocurrency market. Investors should follow the sign as the trend develops.

4. Chimpanzees (CHMPZ)

Recent trends in investor sentiment suggest that value-oriented crypto projects are now dominating the rest.

The failure of several previous projects forced investors to reconsider their options.

However, new projects like Chimpanzee take a different approach. It uses new technologies to protect the environment. His approach is to gather troops to save the planet.

Only $460,000 CHMPZ #Tokens left in #Airdrop:⚡
Join the #ChimpeeArmy and get a free share of $10M worth of CHMPZ tokens with bonus tokens with purchase!🎁🚀
Get your tokens now for a future of opportunity🐵💎 https://t.co/Geog3EVuMC#GreenCrypto #EcoCrypto pic.twitter.com/kfcLcrNALW
— The Official Chimp Zee Project (@RealChimpzee) August 8, 2023

Chimpanze uses blockchain technology, solid foundations and a comprehensive team to achieve its goals.

The project is currently in presale and has raised over $1,144,695. The token is now on its way to $1,856,375 and is inviting investors to join.

An interesting update is that select investors can now enjoy some benefits. First, they buy CHMPZ tokens at a discounted price of $0.00085. Additionally, they will participate in the CHMPZ airdrop with over 425,000 CHMPZ tokens. After all, they enjoy an early bird bonus of 100% when they join.

Incentives aside, the community and project teams have made a tremendous impact that many wouldn't want to miss. More importantly, the Chimpanzee project could be one of the best cryptocurrencies to buy, especially for eco-conscious investors. Visit the chimpanzee ticket sale . Continue reading

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TOP 3 Cryptocoins to Buy NOW, August 2022 – Huge Potential (100x). Tags: Crypto Price

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