The best cryptocurrency to buy now on July 10: Compound, Maker, Cosmos Hub
Crypto markets are mostly flat in a quiet start to the trading week.
Bitcoin (BTC) last moved sideways just north of the $30,000 level, while Ether (ETH) last moved sideways just above $1,850.
Total cryptocurrency market capitalization was largely unchanged on Monday at around $1.18 trillion as traders await key US inflation data.
For crypto investors interested in diversifying their holdings away from blue-chip names like bitcoin and ether, here are some of the best coins to consider buying on Friday.
Compound (COMP), the token that powers Compound Finance’s decentralized finance (DeFi) lending/lending protocol, has been pumping in recent weeks and last week reached its highest level since last August above $70 per token.
Since then, COMP has dipped back below $60, but the uptrend remains strongly intact.
A break above the $70 resistance should open the door for a quick rally to the $94 per token resistance, which could represent quick 60% gains from current levels.
Wall Street Memes (WSM)
Wall Street Memes, one of the most popular retail investment communities on the internet, rose to fame in the 2021 stock meme craze and has recently been expanding its relevance in the cryptocurrency space with the pre-sale of its new token. $WSM.
The success of the $WSM pre-sale, which has raised over $13.8 million in just over a month, is hardly surprising given the size of the Wall Street Memes community.
analysts They are already predicting great things for Wall Street memes when you trade on the exchanges and you can be a part of that.
Visit Wall Street Memes here
Maker (MKR) has pulled back sharply from recent highs to north of $1000 per token level.
But at current levels in the low $900s, the outlook for MKR still looks strong.
This is because the cryptocurrency broke above a long-term key earlier this month, meaning the door should be open for a rally above $1,200.
MKR is the governance token used within MakerDAO and the Maker Decentralized Finance Protocol, one of the first decentralized finance (DeFi) ecosystems built on the Ethereum blockchain.
An innovative new web3 project called DeeLance is building a metaverse based on cryptocurrencies and NFTs that, for the first time in the industry, places the job market on the blockchain.
The project, which is touted as one of the hottest crypto startups of 2023, is building a metaverse to unite freelancers and employers and promises to revise remote work forever, as well as the $761 billion dollar recruiting sector.
Using the decentralization and transparency of the blockchain, DeeLance wants to eliminate overly powerful intermediaries like Fiverr and Upwork that have abused both freelancers and employers for the past decade.
DeeLance is already generating a lot of buzz in web3 circles and some observers believe it could upend the still-heavy web2 platform-focused freelance/gig economy.
The project has already raised a whopping $1.5 million in just a few months since the launch of its $DLANCE pre-sale token.
DeeLance also recently secured a huge strategic investment of $1.12 million from major venture capital firm Bitgert Ventures, a sign that institutions are increasingly taking notice of the project’s potential.
Investors are encouraged to quickly move into the safe tokens, as when the pre-sale reaches $1.7 million, the price will rise from its current super cheap level of $0.038.
With DLANCE set to debut on major cryptocurrency exchanges later this year at $0.57, investors jumping in now can make profits of around 50%.