The best cryptocurrency to buy now on July 7: eCash, Filecoin, Polygon
Crypto markets are generally flat or trading with a slight positive bias on Friday, and the latest US jobs numbers for June haven’t rocked the boat too much.
Bitcoin (BTC) last traded around $30,000, ether (ETH) around $1,870, while overall market capitalization rose half a percentage point around $1.18 trillion.
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.
eCash (XEC), a proof-of-stake alternative to bitcoin that has its roots in Bitcoin Cash, rose more than 11% on Friday.
In late June, the cryptocurrency broke north of a downtrend that had been in play since August 2022.
After reaching multi-month highs above $0.000045 in early July, the cryptocurrency pulled back to retest its previous downtrend earlier this week.
However, the bulls rallied again and the XEC is up more than 30% from previous weekly lows of around $0.00003 in the $0.000039 area.
If XEC can break above the resistance at $0.000045, the door is open for a push to last summer’s highs in the $0.00006 area.
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 $13.26 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
Filecoin (FIL), the cryptocurrency that powers Filecoin’s decentralized data storage network, was last trading around $4.40, still more than 10% below its recent highs in the $4.90 area. .
Some are concerned about the recent sharp rejection of the 200-day SMA, which is close to $5.0.
But the technical outlook for FIL remains strong given that it recently broke north of a downtrend from early 2023.
A return to yearly highs in the $9.50 area remains a strong possibility in the coming months.
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%.
The top five wallets that purchase the most $DLANCE between now and the end of the fourth stage of the pre-sale will be rewarded with a share of $500K in $DLANCE tokens.
$DLANCE can be purchased using ETH, BNB, and USDT (the ERC-20 and BEP-20 variants).
Buy DLANCE here
MATIC, the cryptocurrency that powers Ethereum’s Layer 2 scaling protocol called Polygon, is finding support at its 21-day moving average (DMA) and last traded around $0.67.
While the cryptocurrency remains well below its pre-SEC FUD (fear, uncertainty, and doubt) levels in the $0.09 area, it appears to be in an uptrending channel and could soon challenge resistance in the areas of $0.75 and $0.82.
The SEC claimed that Polygon was a security in its recent lawsuits against Coinbase and Binance, creating a lot of FUD towards the token and its fledgling Decentralized Finance (DeFi) ecosystem.