Best Crypto to Buy Now July 18 – Render, Jupiter, Axie Infinity

The cryptocurrency market has witnessed pronounced volatility in recent days. Given that, we’d be examining best crypto to buy today.

As of July 18, Bitcoin is at a critical juncture, testing a key bull market trendline that it briefly lost in June for the first time in nearly a year.

Data from CryptoQuant reveals that Bitcoin’s price is retesting the short-term holder’s (STH) realized price. This metric is crucial, as it often forms long-term price support during bull markets.

The STH realized price represents the aggregate cost basis for investors who have held their Bitcoin for 155 days or less.

While Bitcoin’s movements dominate headlines, Ethereum (ETH) has been oscillating within a defined range of $2,850 to $4,094 for several months.

The cryptocurrency’s price action has become increasingly compressed, particularly following the initial surge triggered by ETF-related news.

Matt Hougan, Chief Investment Officer at Bitwise, has presented an optimistic outlook for Ethereum.

He suggests that while the initial ETF launch might see some volatility, potentially due to outflows from the Grayscale Ethereum Trust, the long-term trajectory appears promising.

Hougan anticipates new highs for ETH by year-end, possibly reaching the $5,000 mark.

Overall, let’s examine three alternate cryptocurrencies (altcoins) that are gaining traction and attracting investor interest.

Render ($RNDR)

Render is revolutionizing the 3D content creation industry with its decentralized GPU rendering platform.

The Render Network provides artists with virtually unlimited GPU computing power, enabling them to scale their rendering work on demand.

At press time, $RNDR is trading at $6.41, showing a 5.7% decline over the past 24 hours. The token’s trading volume has plummeted to $179 million in the same period, indicating waning investor interest.

Despite the current consolidation formed after the breakout from a 1-month downtrend, $RNDR is still currently 53% below its all-time high of $13.6, suggesting potential room for growth.

The token’s RSI stands at 54.98, indicating a neutral position with a slight bullish tendency. Learn more by reading our Render price prediction .

Render ($RNDR) showing a slightly bullish tendency/Source: TradingView

The Render Network’s applications span across various sectors, including media, augmented reality, mixed reality, gaming, and medical visualization. This diverse utility positions $RNDR as a token with significant long-term potential.

Grayscale’s recent move to add Render to its Decentralized AI fund shows increased adoption in the growing metaverse sector.

Jupiter ($JUP)

Jupiter has quickly established itself as the premier swap aggregator on the Solana blockchain since its launch in October 2021. The token offers users access to the widest range of discovery for any token pair on Solana.

The $JUP token is currently trading at $0.968 , representing a 2.82% increase in the last 24 hours.

While $JUP is a relatively new token without a long-term price history, its current price represents a 112.5% increase from its initial trading price. This elevates the token into the coveted position of one of the best crypto to buy this bull run.

Jupiter’s innovative approach to liquidity aggregation, providing minimal slippage and faster execution for DeFi transactions, has attracted significant attention from both users and developers in the Solana ecosystem.

The platform’s continuous improvements and integrations with other Solana-based projects have positioned $JUP as a key player in Solana’s DeFi landscape.

Axie Infinity ($AXS)

Axie Infinity, developed by Sky Mavis, is a blockchain-based game that has captured the attention of crypto enthusiasts and gamers alike.

The game’s play-to-earn model, powered by the $AXS token, has redefined the intersection of gaming and cryptocurrency.

At press time, $AXS is currently priced at $6.25 , showing a 1.07% increase over the past day. The token’s 24-hour trading volume stands at $54 million.

Despite trading 96% below its all-time high of $165.3, the $AXS token has shown resilience and maintains a dedicated user base. The token’s RSI is currently at 66.66, indicating a neutral market sentiment with potential for upward movement.

$AXS holders can stake their tokens to earn rewards, participate in governance votes, and engage with the game’s ecosystem.

This multifaceted utility contributes to the token’s ongoing relevance and makes it one of the best crypto to buy in the gaming sector.

Crypto Presales Present the Best Alternatives

While Render, Jupiter, and Axie Infinity seem as some of the best crypto to buy now, investors seeking opportunities at lower prices may find crypto presales attractive.

Crypto presales present a unique entry point for investors looking to buy into exciting projects before they go public. Developers use presales, also known as initial coin offerings, to raise capital and build excitement around their products.

These tokens are sold at discounted rates compared to existing projects listed on exchanges. This presents a unique opportunity for investors to earn substantial returns.

Nevertheless, it’s crucial to approach presales with caution and conduct thorough research, as the crypto space is rife with volatility risks and fraudulent projects.

To help investors make informed decisions, CryptoNews market analysts have identified and curated a list of some presale tokens with meaningful use cases and potential for growth.

14 Best Crypto Presales to Invest In Now