Best Crypto to Buy Right Now August 13 – Aave, THORChain, Injective

On Aug 13, 2024

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As interest in crypto continues to grow within traditional finance, the increasing ease with which market participants can add crypto to their portfolios is poised to have a significant impact. This rapid development highlights the rising importance of digital assets in investment strategies.

This trend is already evident, as many crypto-based ETFs have been announced. Several other crypto ETF proposals are awaiting regulatory approval, including Solana ETFs and diversified options like the Hashdex Nasdaq Crypto Index ETF. Moreover, if these developments proceed, digital assets will become even more integral to the investment landscape. In light of this, investors search daily for the best crypto to buy right now for potential gains.

Best Crypto to Buy Right Now

Aave demonstrates a strong trading presence with a market cap of $1.43 billion and a 24-hour trading volume of $394.54 million. Meanwhile, Celestia is gearing up for its first major update, Lemongrass, which will introduce several key improvements to its architecture and functionality. In addition, Utila, a leading institutional Multi-Party Computation (MPC) wallet, has recently integrated with Injective, highlighting ongoing developments in the blockchain space.

1. Aave (AAVE)

Aave enables users to lend and borrow digital assets without needing intermediaries. The platform supports a range of altcoins and stablecoins, allowing users to borrow these assets at variable or stable interest rates.

Currently, the token is trading 23.44% above its 200-day Simple Moving Average of $78.04. Its 14-day Relative Strength Index is at 60.18, indicating that the token is in a neutral zone and might experience sideways trading in the short term.

Furthermore, AAVE shows strong liquidity, evidenced by its volume-to-market cap ratio of 0.2764. With a market cap of $1.43 billion and a 24-hour trading volume of $394.54 million, Aave maintains a robust trading presence. Beyond its positive technical indicators, Aave’s on-chain metrics also appear strong.

The Aave blockchain has a total value locked (TVL) of about $11.5 billion, which is significant compared to its market cap. Analysts believe this could indicate considerable growth potential.

Recently, the Aave DAO launched a $100 million yield loan with key partners. This move showcases how blockchain technology could change how bonds and securities are issued and managed, potentially benefiting the AAVE token.

2. Pepe Unchained (PEPU)

The Pepe Unchained project merges meme culture, specifically Pepe the Frog, with Layer 2 blockchain technology. The project has garnered significant attention, raising over $8.5 million in its presale. Its unique meme appeal and advanced blockchain features make it the best crypto to buy now.

Pepe’s on fire! 🔥 We’ve hit $8.5M!
This journey is only getting more exciting, and we couldn’t have done it without you! pic.twitter.com/4ZsjnrAXAH
— Pepe Unchained (@pepe_unchained) August 13, 2024

Pepe Unchained aims to differentiate itself in the meme coin market by leveraging Layer 2 blockchain technology. This approach reduces transaction costs and speeds up transactions, which could attract market participants in the meme coin space. The integration of these features sets PEPU apart from other frog-themed cryptocurrencies.

Furthermore, the platform features its staking option, which offers early investors an Annual Percentage Yield (APY) of 230%. Investors who participate in the presale can begin staking their PEPU tokens immediately, potentially enhancing their returns from the outset. Currently, each PEPU token is priced at $0.0090539.

Moreover, the presale has gained momentum, pushing the project toward significant milestones. The next phase involves launching the token on several exchanges, which could influence PEPU’s market value. As the project progresses, monitoring how these developments impact its growth and adoption will be important.

Visit Pepe Unchained Presale

3. Injective (INJ)

Injective is tailored for decentralized finance applications. It provides developers with essential on-chain infrastructure modules for building dApps, such as exchanges, prediction markets, and lending protocols. Its decentralized cross-chain bridging system ensures compatibility with various blockchains, including Ethereum (an EVM chain) and Solana (a non-EVM chain).

In a recent development, Utila, a leading institutional Multi-Party Computation (MPC) wallet, has integrated with Injective. Utila has processed over $3 billion in asset transfers and offers asset tokenization services, enabling institutions to easily onboard and manage new real-world asset (RWA) offerings on Injective.

INJ Price Chart

This integration aims to broaden Injective’s user base beyond retail investors and crypto enthusiasts. It positions the platform to attract institutional-level attention by leveraging its robust network and benefiting from Utila’s advanced security features.

Moreover, the partnership between Injective and Utila marks a notable advancement in institutional DeFi and asset tokenization. By combining Utila’s secure MPC technology with Injective’s fast blockchain and advanced DeFi solutions, the collaboration offers significant advantages for institutional clients.

Leading institutional MPC wallet, Utila, has natively integrated Injective after having processed over $3 Billion in asset transfers to date.
Utila also offers asset tokenization capabilities for institutions to seamlessly onboard and manage new RWA offerings on Injective 🏦 pic.twitter.com/M168hrtdRC
— Injective 🥷 (@injective) August 8, 2024

On the market front, Injective’s native token, INJ, saw a 12% increase earlier in the day, likely due to a broader market rally and a 6% rise in market capitalization after a recent dip.

However, the token later dipped by 0.89%, although it still recorded a 16.23% increase over the past week. It is also trading above the 200-day simple moving average, indicating positive performance compared to its initial sale price.

4. THORChain (RUNE)

THORChain recently partnered with Kujira to introduce deep liquidity to Kujira’s DeFi suite, which could enhance the platform’s growth and stability. By integrating THORChain’s liquidity network, Kujira is better positioned to solidify its presence in the competitive DeFi sector.

A notable aspect of this partnership is the underwritten token raise. Unlike typical fundraising efforts, this initiative is open to the community, encouraging broad participation. The funds raised will address existing debt and align the economic interests of the Kujira and THORChain communities.

RUNE Price Chart

Moreover, this approach aims to strengthen the bond between the two ecosystems, potentially leading to a more resilient platform. The partnership also includes operational changes designed to prevent similar financial challenges in the future.

THORChain’s next arc of becoming stable, reliable and composable just got a solid partner in execution – @noble_xyz
Expect the best! https://t.co/87xVddSniv
— THORChain (@THORChain) August 9, 2024

In addition to these developments, THORChain has partnered with SwapKit and Noble to introduce stablecoins to the THORChain AppLayer. Noble’s role in this partnership involves supporting the AppLayer with native USDC issuance. This feature enhances user experience by allowing one-click deposits into the AppLayer, simplifying the process for the THORChain community.

These collaborative efforts between THORChain, SwapKit, and Noble reflect a broader trend in DeFi, where platforms work together to enhance liquidity, user experience, and financial stability. By addressing existing challenges and introducing new features, these partnerships could contribute to the long-term success of the RUNE ecosystem.

5. Celestia (TIA)

Celestia is a modular data availability network designed to streamline the process of launching blockchains. By focusing on specific functions rather than managing multiple roles like traditional blockchains, Celestia aims to enhance scalability, flexibility, and interoperability. This approach allows developers to build blockchain applications more efficiently, potentially leading to broader technology adoption.

The platform is gearing up for its first major update, Lemongrass. This update will introduce several key improvements to Celestia’s architecture and functionality. The rollout will begin with the Arabica Devnet in August, using version 2.0.0 of the Celestia app.

TIA Price Chart

Moreover, subsequent updates will follow on the Mocha Testnet, with the final activation on the Mainnet Beta anticipated for early to mid-September. Celestia’s community of developers and researchers will implement the update carefully, ensuring a smooth and successful transition. This development has drawn increased interest from investors in Celestia’s token.

Celestia’s first upgrade, Lemongrass, is coming. 🍵
Developed and coordinated with the community, Lemongrass includes 1-click Tia interactions with other IBC chains, Interchain accounts, and a new upgrade mechanism. pic.twitter.com/Lu6f3vWeU9
— Celestia (@CelestiaOrg) August 8, 2024

The token has shown resilience in the market, with a weekly gain of 12.93%. However, it has also experienced a 24-hour decline of 2.94%. Despite this dip, technical analysis suggests that the token has growth potential. The 14-day Relative Strength Index (RSI) is currently at 50.74, indicating a neutral position, which suggests the possibility of sideways trading.

The token trades above its 200-day simple moving average, and its market cap suggests it has high liquidity. According to Coincodex, the current price prediction for Celestia suggests that the token could rise by 227.45%, potentially reaching $18.37 by September.

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