"What is the most worthwhile cryptocurrency to buy right now" has always been one of the hot topics. Afeng will provide you with some potential currencies for your reference every day. Let us take a look at which cryptocurrencies are worth buying in the near future?
1. Stellar (XLM)
The market is falling since mid-July when Stellar failed to break the $0.2 mark. The rally that took the asset to a 52-week high of $0.18 suddenly disappeared, and the price is now back to $0.14.
However, it may remain low for a short period of time. There is a high probability that XML will print a new high in the latest week. Recent price trend data shows that its long-term gains may exceed the gains in July.
In the intraday performance, XML is up more than 4% and still growing. Moreover, the uptrend of the cryptocurrency has now lasted for 48 hours. As can be seen from its price action, the possibility of further uptrend is high.
First, the asset is currently priced above its 200-day moving average, which means that the sell-off rate is still small and holders are willing to accumulate more. Likewise, the coin has recently outperformed more than 82% of the top cryptocurrencies in the market.
Therefore, the probability that XLM will rise to $0.2 is relatively high. Another signal that XLM could be one of the best cryptocurrencies to buy right now is the RSI, which is currently at 51, making it a neutral trend. The incentive to sell long positions is relatively low.
The only downside is that selling pressure from traders looking to take short-term profits is causing losses for the asset. However, this effect will soon fade away and the bulls may have a smooth ride to the next high.
2. Sui
Besides being a highly volatile asset, SUI is probably one of the best cryptocurrencies to buy right now. The obvious reasons stem from its recent price action. First, SUI has been in the green for 15 of the past 30 days.
Although the token’s price had been falling for about seven days, there has been a dramatic reversal in the past few days. Today, the asset is up, with a 24-hour gain of more than 4%.
Nonetheless, SUI is currently trading near the $6 resistance level. With this, the chances of reaching higher prices are at risk. However, if SUI can break above the $0.6 resistance level, it can surge towards the $0.7 range.
Until then, it is uncertain whether SUI has the motivation to push further. The most important thing is to see how it performs near the current resistance.
With the current trend towards liquid staking of its native token, SUI may be able to prevent early investors from dumping their assets. The current downward trend comes from early investors trying to capitalize on gains.
The staking move comes with recent upgrades that allow token holders to stake their SUI in exchange for derivative tokens. Other upgrades include the inclusion of oracles on the network.
3. Lido DAO (LDO)
Today’s chart shows LDO up nearly 2%, joining the list of gainers on CoinMarketCap and other cryptocurrency comparison sites.
In addition to the price action, volume also showed signs of increasing, with intraday gains of around 5%. Based on the current price action, LDO could be in for a better week.
Additionally, the Lido DAO platform is quickly becoming the leading staking platform in the crypto industry.
According to information shared on its official Twitter account, its adoption activity has increased, especially at the start of a new month. Reports from independent reviewers also indicate that the coin is outperforming other players in the space.
Furthermore, technical analysis of the LDO chart suggests that the coin could hit new highs. The coin has been trading close to the $1.9 resistance zone. The recent rally will propel it above the $2.0 range.
However, there is a possibility of moving in the opposite direction and breaking the support of the $1.4 to $1.6 range. This could be the outcome if the coin does not find the bounce required to break above the resistance.
Therefore, the trend needs to be monitored to see how it performs in the coming days. Nonetheless, if LDO breaks above the resistance, it would become the best cryptocurrency to buy right now.
4. Filecoin（FIL）
Filecoin is well known for its role in decentralized storage services. It is currently the leading platform in its category, with twice the market share of the closest competitor.
Today, FIL price is up about 3% intraday. The current trend is clearly deviating from the 7-day trend, which brought the price down from $4.4 to $4.0.
The coin is on track and could be the best cryptocurrency to buy right now. Considering that the coin’s RSI is closer to its oversold range.
Nonetheless, caution should still be exercised when engaging with FIL. The token’s volatility is at its highest levels. Moreover, its current price is well below its long-term moving average.
Therefore, the uptrend may only last for a short period of time. Longs may find a reason to sell once prices rise again. Given this, FIL may be best suited for relatively short-term strategies. The bottom line is that FIL should be on investors’ watch lists, especially as this week unfolds.
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