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

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.

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. 

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. 

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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