Best Crypto to Buy Now 5 July – Aave, Uniswap, Chiliz
Crypto markets are seeing a modest pullback ahead of the release of the minutes from the US Federal Reserves’ most recent policy meeting last month.
Bitcoin (BTC) was last changing hands under $30,500, down around 2% in the last 24 hours as per CoinGecko.
Ether (ETH) was last trading just above $1,900, down around 2.5% over the same time period.
The upcoming Fed minutes release is the first of a bombardment of important macro events over the coming three days that could trigger crypto market volatility if Fed tightening expectations are impacted.
Thursday sees the release of US ISM Service PMI survey results and the May JOLTs job opening report, while Friday sees the release of the official June US labor market report.
For crypto investors keen to diversify their holdings away from blue-chip names like bitcoin and ether, here are some of the best coins to consider buying on Friday.
Aave (AAVE)
Aave (AAVE), the governance and utility token of the decentralized multi-chain lending/borrowing Decentralized Finance (DeFi) protocol Aave, could be on the verge of a new bull market.
That’s because, a few days ago, AAVE/USD broke above a long-term downtrend from the 2021 record highs, as well as above its 200DMA.
AAVE could soon pump to challenge resistance in the $95 and $115 areas, which would market upside of around 35% and 60% from current levels near $73.
Wall Street Memes ($WSM)
Wall Street Memes, one of the internet’s hottest retail investing communities, rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The success of the $WSM presale, which has raised more than $12.5 million in just over one month, isn’t surprising given the size of Wall Street Memes’ community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
All told, Wall Street Memes has a 1 million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance.
With 30% of the token supply being held back for community rewards, it can reasonably be expected that airdrops to holders will be a big part of the ecosystem.
Indeed, the first $WSM airdrop is open now.
Analysts are already predicting big things for Wall Street Memes when it lists on exchanges and you can be a part of it.
Uniswap (UNI)
Despite recently finding strong resistance at its 200-Day Moving Average in the $5.75 area, Uniswap (UNI) remains in a solid uptrend from June’s lows.
If it can muster a sustained push to the north of its 200DMA, then UNI stands a good chance of returning to yearly highs in the $7.0 area.
UNI is the crypto token that powers the Uniswap decentralized multi-chain exchange, which currently ranks as one of the biggest Decentralized Apps (DApps) and is one of web3’s biggest success stories.
yPredict (YPRED)
The yPredict market intelligence platform is building a first-of-its-kind, institutional-grade financial price prediction system.
Observers think the tool, which is built on yPredict’s in-house deep data analysis, will help crypto investors discover the next explosive crypto with ease.
The best part, yPredict’s crypto price prediction system will remain free and open for all users to access – the price predictions will be made publicly available and require no login to see, the project’s Whitepaper explains.
But yPredict offers investors much more than just crypto price predictions.
The project is “building a cutting-edge crypto research and trading platform that provides traders and investors access to dozens of AI-powered signals, breakouts, pattern recognition, and social/news sentiment features”, the start-up says in yPredict’s Litepaper.
As AI continues to make waves in the crypto industry and beyond, projects like yPredict are expected to attract significant interest.
That’s why many industry observers are tipping AI cryptos like yPredict’s native $YPRED token, currently available via presale, to be amongst the next best-performing coins.
Chiliz (CHZ)
Chiliz (CHZ), the token that powers the sports and entertainment-focused crypto platform Socios, has been struggling as of late.
CHZ was last trading in the $0.077 area, down sharply from its levels this time last month thanks mostly to SEC FUD.
But if it can break back to the north of key long-term resistance in the $0.08 area, it could be set up for rapid gains back towards resistance around $0.096.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
