Best Crypto to Buy Now July 9 – Celestia, Jupiter, Bittensor

Jimmy Aki

Last updated:

July 9, 2024, 10:55 EDT | 4 min read

Best Crypto to Buy Now July 9 – CELESTIA, JUPITER, BITTENSORThe cryptocurrency market is currently experiencing heightened volatility, with total market capitalization hovering around $2 trillion.

Bitcoin (BTC) continues to face resistance around the $58,500 mark but has managed a slight 0.18% increase, trading at $57,493 today, while Ethereum has reclaimed its $3,000 price level.

Recent on-chain data reveals notable liquidations exceeding $17.94 million on DeFi platforms, accompanied by the largest outflow of 68,498 BTC from exchanges since November 23, 2023.

Additionally, the German government’s BTC-selling spree has continued. Arkham reports new transfers of 6,306.9 BTC today, valued at $362.12 million, contributing to the downtrend.

TODAY: German Government selling up to 6306.9 BTC ($362.12M)

In the past 3 hours, the German Government has sent 6306.9 BTC ($362.12M) to Kraken, Cumberland, 139Po (likely institutional deposit/OTC service) and address bc1qu.

Of this, 3206.9 BTC ($184.58M) has been sent within… pic.twitter.com/6SmhMDElNZ

— Arkham (@ArkhamIntel) July 9, 2024

The ripple effect of Bitcoin’s decline has impacted the altcoin market. Chainlink ($LINK) has slumped by 1.87% in the past day, followed by Avalanche ($AVAX) and Near Protocol ($NEAR), which decreased by 4.65% and 2.88%, respectively.

The cryptocurrency Fear and Greed Index currently sits at 27, indicating fear among investors, which mirrors the broader downturn in the crypto market sentiment.

Despite these challenges, we have curated a list of some altcoins that have shown resilience and impressive price gains over the past 24 hours.

Celestia ($TIA): Surging Trading Volume Drives 7.80% Daily Gain

$TIA is the native cryptocurrency of Celestia, the first modular blockchain network that enables anyone to deploy their blockchain.

The $TIA is currently trading at a discounted price of $6.33 and has seen a 7.80% increase in the last 24 hours, accompanied by a trading volume of $206 million, which indicates active participation from traders and investors. Its market capitalization stands at $1.23 billion.

$TIA is up by 7.80% in the past 24 hours. Source: CoinMarketCapDespite a 69.85% decline from its all-time high (ATH) of $20.91 on February 10, 2024, $TIA shows signs of potential recovery, supported by its Relative Strength Index (RSI) climbing from 34.01 to 48.65.

$TIA RSI indicates new strides to a bullish zone. Source: TradingViewThis upward RSI trend suggests increasing momentum towards a bullish phase, potentially paving the way for a resurgence towards previous ATH levels.

We believe $TIA is a viable option for investors looking for the best crypto to buy now during this downturn.

Jupiter ($JUP): DeFi Dominance Makes it a Compelling Low-Priced Token

$JUP serves as the native token of Jupiter, a leading decentralized finance (DeFi) platform built on the Solana blockchain. Jupiter is the top liquidity aggregator, according to DefiLlama.

Jupiter plays an essential role in optimizing token swaps, perpetual futures trading, and managing decentralized stablecoins across various protocols.

The $JUP token trades at a low price of $0.85 per token, up by 4.10% in the past 24 hours, with a trading volume of $126 million.

While currently trading 61.45% below its all-time high (ATH) of $2.04 reached on January 31, 2024, $JUP’s RSI is 46.81, which suggests a growing momentum in an overbought zone.

RSI technical analysis pinpoint $JUP strides to an overbought zone. Source: TradingViewInvestors looking for a low-cost DeFi token may consider $JUP as one of the best cryptos to buy now, given the market conditions and its potential for growth.

However, investors should always conduct their research before investing in any digital asset.

Bittensor ($TAO): AI Integration Fuels Growth Despite Market Uncertainty

Another asset that should be consideredl as one of the best crypto to buy now is $TAO, the native token of the Bittensor network.

The platform powers an open-source protocol that facilitates a decentralized blockchain-based machine learning network.

Currently trading at $244.52 per token, $TAO has seen a 6.17% increase in the past day, with a substantial 24-hour trading volume of $60.43 million.

This indicates a robust market activity and liquidity with a market cap of $1.6 billion.

$TAO is up by 6.17%. Source: CoinMarketCapWhile $TAO’s current price may deter short-term and low-capital investors, its potential for high long-term gains is noteworthy.

Similar to other promising assets like $TIA and $JUP, the RSI of the $TAO token has shown a positive trend, currently standing at 41.34 after rebounding from a bearish position of 32.93.

$TAO RSI stands at 41.34. Source: TradingView$TAO’s integration with the growing AI sector further improves its prospects, as advancements in artificial intelligence could propel the $TAO token to new heights in terms of adoption and value within its eco.

Consider Crypto Presale as Alternative

Celestia ($TIA), Jupiter ($JUP), and Bittensor ($TAO) stand out due to their strong fundamentals, technical analysis, utility, and recent price gains, thus positioning them as top contenders among the best crypto to buy now.

However, for investors seeking opportunities in new crypto projects with low initial capital requirements, crypto presales offer a compelling alternative.

Presales in the crypto market provide early investors with discounted token prices before their official listing on major exchanges.

This affords early-bird investors the opportunity to buy a stake at attractive prices.

While investing in projects before they go public offers promising opportunities, the crypto presale sector is fraught with risks, including scam projects that can lead to substantial losses if one is not vigilant.

To mitigate these concerns, CryptoNews analysts have curated a list of the top presales currently available.

This way, investors have a solid foundation to maneuver amidst the complexities of the presale market.

14 Best Crypto Presales to Invest In Now

Follow Us on Google News Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.