Best Crypto to Buy Now August 16 – Uniswap, Theta Network, Stacks

In
the
upcoming
week,
the
crypto
market
is
set
to
experience
significant
token-unlocking
events,
with
$213
million
worth
of
digital
assets
scheduled
to
be
released.
These
events
have
raised
investor
concerns,
as
token
unlockings
are
often
associated
with
increased
selling
pressure.
Among
these
tokens
is
Avalanche,
which
will
be
the
largest
ecosystem
releasing
tokens
during
this
period.

In
light
of
this,
investors
focus
on
potential
opportunities
in
the
altcoin
market,
as
this
occasion
can
have
a
ripple
effect.
With
the
potential
for
price
fluctuations,
now
might
be
an
ideal
time
to
buy
promising
cryptocurrencies
at
lower
prices.

Best
Crypto
to
Buy
Now

Uniswap
recently
announced
that
its
cumulative
front-end
fees
have
surpassed
$50
million,
highlighting
its
increasing
influence
in
the
decentralized
exchange
(DEX).
Meanwhile,
Stacks
benefits
from
positive
market
conditions,
marked
by
strong
buying
interest
and
solid
performance
indicators.
Similarly,
STARS
has
reportedly
raised
over
$456,000
at
the
time
of
writing,
indicating
robust
early
interest
in
the
project. 

1.
Uniswap
(UNI)

Uniswap
recently
announced
that
its
cumulative
front-end
fees
surpassed
$50
million.
This
achievement
highlights
the
platform’s
growing
influence
in
the
DEX
space,
where
it
continues
to
dominate
on-chain
swap
volumes.

Moreover,
in
preparation
for
the
release
of
Uniswap
v4,
the
platform
has
introduced
a
security
contest
with
a
$2.35
million
prize
pool.
This
initiative
seeks
to
ensure
that
v4’s
smart
contracts
are
among
the
most
thoroughly
audited
on
the
blockchain.
The
focus
is
on
improving
security
through
community-driven
reviews.

Additionally,
Uniswap
has
launched
UniswapX
on
its
mobile
app,
allowing
users
to
access
aggregated
liquidity
from
on-chain
and
off-chain
sources
directly
from
their
phones.
This
move
aligns
with
the
platform’s
broader
goal
of
making
decentralized
trading
more
accessible
and
efficient.

UniswapX
is
live
on
the
mobile
app
????

Access
aggregated
liquidity
across
onchain
and
offchain
sources
right
from
your
phone

Better
quotes.
No-gas
swaps.

pic.twitter.com/fmFUuQ32uG

—
Uniswap
Labs
????
(@Uniswap)

August
14,
2024

Furthermore,
UNI
has
shown
resilience
in
a
competitive
market.
It
currently
ranks
23rd
among
the
top
50
cryptocurrencies,
with
a
market
cap
of
$3.842
billion.
The
UNI
token,
trading
at
$6.44,
has
seen
a
3.24%
increase.

Meanwhile,
it
trades
above
the
200-day
simple
moving
average,
indicating
strong
liquidity
relative
to
its
market
cap.
Market
participants
anticipate
a
potential
price
surge,
with
predictions
suggesting
a
significant
rise
to
$21.13
by
September,
reflecting
a
228.72%
increase.

2.
Crypto
All-Stars
(STARS)

Crypto
All-Stars

is
a
new
project
aiming
to
consolidate
the
meme
coin
market
by
uniting
various
meme
coin
mascots
under
one
platform.
The
project
has
gained
significant
attention
since
its
presale
launch,
driven
largely
by
social
media
buzz
and
investor
interest. 

Meanwhile,
Crypto
All-Stars
is
a
hub
for
meme
coin
investors,
offering
a
platform
where
users
can
remain
engaged
with
their
preferred
projects
while
potentially
earning
profits.
The
project’s
credibility
is
bolstered
by
audits
from
SolidProof
and
Coinsult,
two
well-known
independent
auditing
firms,
which
may
help
foster
trust
among
potential
investors.

The
ICO
has
reportedly
raised
over
$456,000
at
press
time,
suggesting
a
strong
early
interest.
Furthermore,
the
project
features
a
MemeVault
ecosystem,
which
utilizes
the
ERC-1155
protocol.
This
technology
allows
multiple
tokens
to
be
integrated
within
a
single
smart
contract,
facilitating
the
staking
of
various
meme
coins
across
different
blockchain
networks. 

This
seeks
to
streamline
the
staking
process,
reduce
transaction
costs,
and
improve
efficiency.
Additionally,
the
multi-chain
functionality
allows
for
cross-chain
transactions,
giving
users
more
flexibility
and
options
in
managing
their
assets.

In
addition,
the


STARS

project
introduces
an
innovative
concept
to
the
meme
coin
space,
combining
multiple
assets
within
one
ecosystem.
The
project
has
garnered
early
interest
and
boasts
promising
features,
making
it
the
best
crypto
to
buy
now.

Visit
Crypto
All-Stars
Presale

3.
XRP
(XRP)

Ripple
has
recently
partnered
with
the
SBI
Digital
Community
to
help
spread
the
use
of
the
XRP
Ledger
(XRPL)
in
the
Web3
space.
This
partnership
aims
to
boost
the
adoption
of
XRPL,
especially
by
supporting
the
creation
of
NFTs
on
the
XRPL
blockchain.
This
collaboration
could
open
up
new
opportunities
for
XRPL
to
be
used
in
different
ways.

As
part
of
the
initiative,
SBI
Digital
Community
will
leverage
the
infrastructure
provided
by
xrp.cafe
to
facilitate
the
creation
and
management
of
NFTs.
xrp.cafe
confirmed
this
partnership
in
a
post
on
X,
highlighting
SBI’s
commitment
to
utilizing
XRPL
for
NFT-related
activities.

In
addition,
SBI
Digital
Community
is
dedicated
to
assisting
its
Bto3
community
members
in
setting
up
separate
wallets
for
the
XRP
Ledger
and
the
Polygon
chain.
They
recommend
using
MetaMask
for
Polygon
and
Xaman
for
XRPL.
This
ensures
that
users
will
receive
the
necessary
support
in
understanding
and
utilizing
these
new
advancements.

Meanwhile,
Ripple
is
also
focusing
on
other
projects,
such
as
turning
real-world
assets
(RWA)
into
digital
tokens
and
creating
its
stablecoin
called
RLUSD.
These
efforts,
along
with
growing
positive
market
sentiment
around
XRP,
show
the
potential
of
the
project
and
the
trust
it
has
gained
among
investors.

At
the
time
of
writing,
XRP
is
trading
at
$0.5689,
surging
intraday
by
0.67%.
The
token
is
above
the
200-day
simple
moving
average,
reflecting
a
positive
trend.
With
its
high
liquidity
and
market
cap,
XRP
remains
a
viable
option
for
investors
and
institutions.

4.
Stacks
(STX)

Stacks
is
experiencing
positive
market
conditions,
with
strong
buying
interest
and
solid
performance
indicators.
It
is
trading
at
$1.46,
experiencing
a
modest
intraday
gain
of
2.16%.
This
price
increase
is
accompanied
by
a
6.54%
rise
in
trading
volume,
bringing
the
total
to
$79
million. 

This
uptick
in
trading
volume
suggests
growing
interest
and
confidence
from
market
participants,
indicating
a
higher
demand
for
the
token
and
a
generally
positive
market
sentiment.
Furthermore,
STX
trades
significantly
above
its
200-day
simple
moving
average,
suggesting
that
the
token
is
in
a
relatively
strong
position
in
the
market. 

Stacks’
decentralized
group
of
core
developers
share
exciting
news
for
the
Nakamoto
upgrade
and
sBTC
????

Meanwhile,
Bitcoin
builders
like

@stxcity
keep
shipping
new
features
????

Catch
up
on
the
Stacks
ecosystem
by
reading
the
2-minute
weekly
newsletter
down
below
????
1/2

pic.twitter.com/h2F0iUZM0X

—
stacks.btc
(@Stacks)

August
12,
2024

Meanwhile,
the
token
boasts
high
liquidity,
supported
by
its
market
cap.
The
14-day
Relative
Strength
Index
(RSI)
for
STX
is
at
37.18,
which
suggests
the
token
is
currently
in
neutral
territory.
On
a
broader
scale,
STX
has
shown
significant
growth,
with
its
price
increasing
by
approximately
173.76%
year-to-date,
according
to
CoinMarketCap
data. 

This
reflects
a
strong
performance
over
the
longer
term.
Some
analysts
have
expressed
optimism
about
the
token’s
future,
saying
that
the
Nakamoto
upgrade
could
trigger
further
price
increases.
Also,
some
experts
predict
that
STX
could
reach
$1.90
by
September
this
year. 

5.
Theta
Network
(THETA)

Theta
Network
significantly
impacts
the
cryptocurrency
and
AI
sectors,
focusing
on
video
delivery
and
streaming.
The
project’s
primary
goal
is
to
provide
higher-quality
video
streams
with
reduced
latency
and
to
offer
a
more
efficient
method
of
distributing
video
content.

The
platform
features
its
built-in
rewards
system.
This
system
encourages
users
to
share
unused
bandwidth
and
computing
resources,
contributing
to
the
network’s
overall
efficiency.
By
leveraging
these
shared
resources,
THETA
ensures
that
video
content
is
delivered
quickly
and
reliably
to
users
worldwide.

Despite
a
recent
intraday
decline
of
2.54%,
THETA
remains
stable,
currently
trading
at
$1.17.
This
stability
indicates
its
potential
and
influence
within
the
crypto
market.
Over
the
past
week,
the
token
has
seen
a
modest
gain
of
0.22%,
suggesting
a
positive
trend.

Market
analysts
remain
optimistic
about
Theta
Network’s
future.
They
predict
a
potential
7%
increase
in
value
by
the
end
of
the
third
quarter.
This
forecast
positions
Theta
as
one
of
the
best
crypto
to
buy
now.
While
its
recent
performance
has
shown
steady
growth,
potential
investors
should
remain
mindful
of
market
fluctuations
and
conduct
further
research
before
making
decisions.

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