Best Crypto to Buy Now 7 July – eCash, Filecoin, Polygon
Crypto markets are generally flat or trading with a slight positive bias on Friday, with the latest US jobs numbers for June not having rocked the boat too much.
Bitcoin (BTC) was last around $30,000, ether (ETH) around $1,870, while the overall market’s capitalization was half a percent up around $1.18 trillion.
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.
eCash (XEC)
eCash (XEC), a proof-of-stake alternative to bitcoin that has its roots in Bitcoin Cash, has pumped over 11% on Friday.
In late June, the cryptocurrency broke to the north of a downtrend that had been in play going all the way back to August 2022.
After hitting multi-month highs above $0.000045 in early July, the cryptocurrency pulled back to retest its former downtrend at the start of this week.
However, the bulls piled back in and XEC is up more than 30% from earlier weekly lows around $0.00003 in the $0.000039 area.
If XEC can break above 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 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 $13.26 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.
Filecoin (FIL)
Filecoin (FIL), the cryptocurrency that powers the Filecoin decentralized data storage network, was last trading around $4.40, still down more than 10% from its recent highs in the $4.90 area.
Some are concerned by the recent strong rejection of the 200-Day Moving Average, which is close to $5.0.
But FIL’s technical outlook remains strong given it recently broke to the north of a downtrend from the early 2023.
A return to yearly highs in the $9.50 area remains a strong possibility in the coming months.
DeeLance (DLANCE)
An innovative new web3 project called DeeLance is building a crypto and NFT-powered metaverse that, in an industry first, puts the jobs market on the blockchain.
The project, which is touted as one of 2023’s hottest crypto start-ups, is building a metaverse to unite freelancers and employers and promises to overhaul remote working forever, as well as the $761 billion-dollar recruitment sector.
Using the decentralization and transparency of the blockchain, DeeLance wants to remove overly powerful middlemen like Fiverr and Upwork that have been abusing freelance workers and employers alike for the last decade.
DeeLance is already generating huge hype in web3 circles and some observers think could upend the still very web2 platform-centric freelance/gig work economy.
The project has already raised a whopping near $1.5 million in just a few months since the launch of its $DLANCE token presale.
Congratulations DeeLancers!👨💻
— DeeLance (@deelance_com) July 6, 2023
Just reached another big milestone today – raised over $1.5 Million in our #presale!🙌🎉
Let's keep the momentum going! 🚀💪
Only 9 days left to grab $DLANCE tokens at $0.043 price! ⬇️⏳https://t.co/XHnTqVzeWf#Crypto #cryptocoin #altcoin… pic.twitter.com/PZJdb9F8ml
DeeLance also recently secured a huge $1.12 million strategic investment from top venture capital firm Bitgert Ventures, a sign that institutions are increasingly taking note of the project’s potential.
Investors are encouraged to move quickly to secure tokens, as when the presale hits $1.7 million, the price will rise from its current super-cheap $0.038 level.
Given that DLANCE will debut on major cryptocurrency exchanges later this year at $0.57, investors who get in now can be sat on gains of around 50%.
Adding to the excitement is a massive $500K $DLANCE token giveaway competition that DeeLance is conducting.
The top five wallets that buy the most $DLANCE between now and the end of presale stage four will be rewarded with a share of $500K worth of $DLANCE tokens.
$DLANCE can be bought using ETH, BNB and USDT (the ERC-20 and BEP-20 variants).
Polygon (MATIC)
MATIC, the cryptocurrency that powers the Ethereum layer-2 scaling protocol called Polygon, is finding support at its 21-Day Moving Average (DMA) and was last last trading around $0.67.
While the cryptocurrency remains way down versus its pre-SEC FUD (fear, uncertainty and doubt) levels in the $0.09 area, it appears to be in an upwards trend channel and could soon challenge resistance in the $0.75 and $0.82 areas.
The SEC claimed that Polygon was a security in its recent lawsuits versus Coinbase and Binance, creating a lot of FUD towards the token and its budding Decentralized Finance (DeFi) ecosystem.
