Best Crypto to Buy Now August 2 – Jupiter, MANTRA, Frax Share
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Choosing
the
best
cryptocurrency
to
invest
in
requires
a
thorough
evaluation
of
various
factors
including
market
trends,
and
individual
project
strengths.
This
guide
provides
insights
into
the
best
cryptocurrencies
currently
available
for
investment.
The
cryptocurrency
market
is
known
for
its
volatility
and
unpredictability.
However,
it
has
also
yielded
significant
gains
for
long-term
investors.
This
article
examines
the
best
crypto
to
buy
now
for
potentially
reliable
long-term
returns.
The
selection
is
based
on
market
trends,
performance,
and
the
evolving
utility
and
adoption
of
these
tokens.
Best
Crypto
to
Buy
Now
The
DAWGZ
token
has
seen
significant
success,
hitting
a
$2.7
million
milestone
during
its
ongoing
presale
phase.
Jupiter
Exchange
has
proposed
reducing
the
supply
of
Jupiter
(JUP)
tokens
allocated
to
the
team.
Additionally,
Frax
has
partnered
with
Atoma
to
incorporate
AI
technologies
into
DeFi.
1.
MANTRA
(OM)
MANTRA
is
a
Security
Real-World
Asset
Layer
1
Blockchain
designed
to
comply
with
real-world
regulatory
requirements.
The
platform
uses
blockchain
technology
to
unlock
the
potential
of
RWAs.
It
aims
to
create
a
secure,
inclusive,
and
community-driven
ecosystem
for
RWA-focused
applications.
The
50M
$OM
Genesis
Drop
(GenDrop)
marks
a
significant
milestone
for
MANTRA.
This
initiative
is
intended
to
build
community
engagement
and
encourage
active
participation.
The
GenDrop
rewards
early
adopters
and
community
members
interacting
with
the
MANTRA
ecosystem,
fostering
a
sense
of
ownership
and
long-term
engagement.
Furthermore,
Season
2
of
the
50M
$OM
GenDrop
is
currently
underway
on
MANTRA.ZONE.
Moreover,
the
OM
token
appears
bullish
on
the
daily
chart,
currently
trading
at
$1.20
with
a
4.59%
intraday
surge.
????
BREAKING:
Sherpas,
we
just
released
a
deep
dive
into
the
#MANTRA
50M
$OM
GenDrop
in
our
latest
article!????️
We
delve
into
the
GenDrop
details,
explaining
the
eligibility
criteria
and
how
you
can
participate
in
this
exciting
community
initiative.????
Read
more:…
pic.twitter.com/wXVFLR5iRR—
MANTRA
–
Tokenizing
RWAs
(@MANTRA_Chain)
August
1,
2024
It
trades
above
the
200-day
simple
moving
average
and
has
shown
positive
performance
compared
to
its
token
sale
price.
The
token
has
experienced
17
green
days
in
the
last
30
days
and
trades
near
its
cycle
high.
Based
on
the
token’s
market
cap,
it
has
high
liquidity.
MANTRA’s
growing
ecosystem
of
partners
and
developers
creates
a
strong
foundation
for
expanding
its
investor
base
and
accelerating
growth.
2.
Base
Dawgz
(DAWGZ)
Base
Dawgz
has
recently
gained
attention
due
to
its
growing
community
and
multi-chain
compatibility.
Primarily
operating
on
the
Base
chain,
Base
Dawgz
embodies
the
adventurous
spirit
of
base
jumping
and
functions
across
multiple
blockchains.
This
interoperability
spans
Ethereum
(ETH),
Solana
(SOL),
Binance
Smart
Chain
(BSC),
and
Avalanche
(AVAX).
The
DAWGZ
token
has
performed
notably
well,
reaching
a
$2.7
million
milestone
in
its
ongoing
presale
phase.
Currently
priced
at
$0.007061,
the
token
is
set
for
another
price
increase
in
just
over
three
days.
$2.7
MILLION$DAWGZ
just
keeps
pushing
and
we
don’t
let
up
????
pic.twitter.com/200LaSt3v0—
Base
Dawgz
(@BaseDawgz)
July
26,
2024
Base
Dawgz
also
introduces
a
Share-to-Earn
system,
rewarding
meme
creators
and
content
contributors
with
DAWGZ
tokens.
This
initiative
aims
to
foster
a
loyal,
engaged
community
by
incentivizing
content
creation
and
sharing.
The
project’s
roadmap
includes
plans
for
community
growth,
exchange
listings,
and
further
development,
all
designed
to
maintain
and
boost
user
interest
and
engagement.
Additionally,
Base
Dawgz
offers
attractive
returns
for
early
investors.
With
20%
of
the
total
supply
allocated
for
hourly
distributions
over
a
year,
the
project
provides
an
annual
percentage
yield
(APY)
of
over
974%.
This
model
aims
to
attract
and
reward
early
supporters,
enhancing
the
project’s
appeal.
3.
Jupiter
(JUP)
Jupiter
Exchange
is
a
leading
swap
aggregation
engine,
delivering
crucial
liquidity
solutions
within
the
Solana
ecosystem.
It
offers
a
diverse
range
of
DeFi
products,
including
Limit
Orders,
Dollar-Cost
Averaging
(DCA)
and
Time-Weighted
Average
Price
(TWAP)
strategies,
a
Bridge
Comparator,
and
perpetual
trading.
Recently,
Jupiter
Exchange
announced
a
proposal
to
reduce
the
supply
of
Jupiter
(JUP)
tokens
from
the
team’s
allocation.
This
proposal,
which
the
Jupiter
Exchange
DAO
will
decide
on
by
August
4,
aims
to
burn
30%
of
the
team’s
JUP
tokens.
This
reduction
would
be
worth
approximately
$2.88
billion
at
the
current
price,
marking
the
largest
token
burn
in
crypto
history.
Jupiter
Exchange
is
already
recognized
as
the
largest
DAO
globally
and
the
most
utilized
decentralized
exchange
on
the
Solana
blockchain.
Additionally,
the
platform
has
integrated
1intro’s
1DEX
into
Jupiter
Routing,
enhancing
its
strategic
capabilities.
We
have
integrated
@1intro’s
1DEX
into
Jupiter
Routing!Access
1DEX’s
liquidity
pools
and
enjoy
the
best
price
always,
across
all
AMMs
on
https://t.co/knthINxFwN.
pic.twitter.com/IvXcoRbm9e—
Jupiter
????
(@JupiterExchange)
July
29,
2024
Moreover,
the
JUP
token
has
seen
notable
market
gains
recently.
It
trades
at
$0.9846,
reflecting
a
15.26%
increase
over
the
past
month.
The
token
is
trading
above
its
200-day
simple
moving
average
and
has
had
17
green
days
in
the
last
30
days.
This
suggests
strong
liquidity
relative
to
its
market
cap.
According
to
Coincodex,
the
Jupiter
token
price
is
predicted
to
rise
by
224.84%,
potentially
reaching
$3.27
by
the
end
of
September.
4.
eCash
(XEC)
eCash
utilizes
the
Avalanche
consensus
protocol
to
enhance
security
and
speed
up
transaction
confirmations.
This
protocol
makes
XEC
suitable
for
scalable
and
secure
digital
payments.
It
integrates
Proof
of
Stake
(PoS)
Layer
2
solutions
to
handle
high-volume
transactions
efficiently.
This
integration
bolsters
blockchain
security
and
ensures
fast
transaction
processing.
The
Avalanche
protocol
also
allows
for
seamless
network
upgrades,
ensuring
eCash
remains
adaptable
and
future-proof.
eCash
supports
staking,
enabling
users
to
participate
in
network
consensus
and
earn
rewards.
Furthermore,
the
platform
allows
the
creation
of
custom
tokens,
known
as
eTokens,
which
businesses
and
developers
can
use
for
various
applications.
Regarding
market
performance,
the
XEC
token
is
valued
at
$0.00003781,
with
a
weekly
increase
of
9.90%.
The
token
has
experienced
17
green
days
in
the
last
30
days.
Moreover,
XEC
has
high
liquidity,
as
indicated
by
its
0.0340
volume-to-market
cap
ratio.
The
current
market
cap
is
$757.43
million,
with
a
24-hour
trading
volume
of
$25.76
million.
5.
Frax
Share
(FXS)
The
Frax
Protocol
is
a
pioneering
system
in
the
stablecoin
market,
introducing
the
first
fractional-algorithmic
stablecoin.
This
open-source,
permissionless
system
operates
entirely
on
the
Ethereum
blockchain,
with
potential
plans
for
cross-chain
implementations
in
the
future.
The
protocol’s
native
token,
FXS,
maintains
the
system’s
stability
and
governance.
The
token’s
value
is
closely
tied
to
the
protocol’s
performance,
as
increased
demand
for
Frax
stablecoins
tends
to
drive
FXS’s
value
higher.
Market
analysts
predict
a
positive
outlook
for
FXS,
forecasting
significant
growth
as
Frax
expands
its
market
presence
and
user
base.
Strategic
partnerships
add
to
Frax’s
credibility
and
adoption.
Collaborations
with
notable
players
in
the
decentralized
finance
(DeFi)
space
improve
liquidity
and
integration,
positioning
Frax
as
a
fundamental
component
of
the
DeFi
ecosystem.
Recently,
Frax
collaborated
with
Atoma
to
integrate
AI
technologies
into
DeFi.
This
partnership
aims
to
improve
the
efficiency
of
DeFi
protocols
and
provide
users
with
advanced
tools
and
insights.
The
FXS
token
currently
trades
at
$2.46,
reflecting
an
intraday
increase
of
approximately
14%.
Read
More
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