Top Crypto Picks for July 8 – Celestia, Notcoin, Starknet
The cryptocurrency market is currently facing a bearish trend as Bitcoin struggles to break through the $58,000 resistance level. The German government’s selling pressures and anticipated sell-offs from Mt. Gox creditors are hindering Bitcoin’s progress.
Despite a largely positive US jobs report, Bitcoin is currently trading at around $57,000, experiencing a 0.34% decline in the past few hours. Altcoins and meme coins have also seen losses, with Toncoin (TON), Tron (TRX), and Dogecoin (DOGE) dropping by 4.66%, 3.035%, and 0.46% respectively in the last 24 hours. However, Ethereum (ETH) has shown resilience with a 1.63% gain, while Solana (SOL) and Binance Coin (BNB) have also experienced modest increases of 1.33% and 1.41% during the same period.
Many analysts predict that the ongoing sell pressures could continue to weigh on Bitcoin and potentially impact the broader altcoin market. This raises concerns about whether Bitcoin is the best crypto to buy at the moment. However, amidst the volatile market conditions, certain lesser-known altcoins have shown great potential in the past 24 hours.
Celestia ($TIA) is the native cryptocurrency of Celestia, an advanced decentralized data availability network designed to scale with increasing user demand. Its scalability feature allows for the effortless deployment of new blockchains without the need for a dedicated validator set. The value of $TIA comes from Celestia’s high-throughput data infrastructure, ensuring secure availability and verification of transaction data for all network participants. Currently, $TIA is trading at $5.95, reflecting an 11.59% increase in the past 24 hours, with a significant trading volume of $92.9 million. With a market capitalization of $1.16 billion, $TIA maintains robust liquidity in the market.
Despite a 70.5% decline from its all-time high (ATH) of $20.91 on February 10, 2024, $TIA shows potential for recovery, supported by its Relative Strength Index (RSI) rising from 33.27 to 44.54. The upward trend in RSI suggests growing momentum towards a bullish phase, indicating potential future gains and a possible return to previous ATH levels as market conditions evolve.
Notcoin ($NOT) has gained attention by breaking into the top 50 cryptocurrencies by market capitalization and may be one of the best cryptos to buy now. As part of The Open Network (TON) ecosystem, Notcoin started as a viral social game on Telegram, allowing users to earn cryptocurrency by tapping on a virtual gold coin. Since its listing on Binance in May, $NOT has experienced significant growth. The token currently trades at 0.017, with a 7.45% increase in the past 24 hours and a 21.89% rise over the last seven days, indicating strong upward momentum. $NOT has a highly liquid market with a trading volume of $1.24 billion and a market capitalization of $1.73 billion. Data from CoinGlass highlights a remarkable 90% surge in $NOT’s total open interest (OI) between July 6 and 8, indicating its growing popularity and market activity. $NOT’s current price presents an attractive opportunity for investors, supported by its consistent positive trends and an RSI of 59.20, indicating a bullish momentum. Experts predict that $NOT’s steady growth will be driven by its play-to-earn platform, increasing user participation, and advancements in Web3 technologies. This suggests the potential for $NOT to reach new price highs, offering high returns for both short-term traders and long-term investors.
Starknet ($STRK) is the native cryptocurrency of StarkNet, a layer 2 scaling solution and decentralized execution platform designed for Ethereum. The $STRK token plays essential roles within the StarkNet ecosystem, covering transaction fees, rewarding validators through staking, and enabling community governance participation. Currently trading at $0.58, $STRK has shown resilience with a 6.22% increase in the past day, accompanied by a notable trading volume of $65 million and a market cap of $860 million. $STRK is currently 83.9% below its ATH of $3.66 on February 20, 2024, which aligns with its trend analysis, indicating a downtrend since April 1, 2024. The RSI technical analysis stands at $36.36, a jump from a steep bearish zone of 26.54, indicating potential gradual price recovery. The current low value and recent price gains make $STRK an attractive investment opportunity for short-term traders seeking rapid returns, making it one of the best cryptos to buy now.
While the mentioned tokens have recorded impressive price gains in the past day and show potential for new price heights, investing in crypto presales can also be a suitable alternative for those seeking projects with strong growth and fundamentals. Many crypto projects offer discounted token sales to raise capital. However, careful evaluation and thorough research are necessary to find the most promising tokens. For investors pressed for time, our curated list of the top presales right now can serve as a starting point. These presales have the potential to become the best cryptos to buy now.
Follow us on Google News for more updates.
