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    Best Cryptocurrencies to Buy Now August 27 – Immutable X, NEAR Protocol, XRP

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    XRP has seen an increase in inflows as investors become more optimistic. This shift in market sentiment comes in response to growing speculation about a potential interest rate cut by the US Federal Reserve. Recent signals from the Fed point to a potential change in monetary policy, which is good for the digital asset.

    Following the announcement of potential monetary easing, the cryptocurrency market has seen an upward surge, with many altcoins benefiting from the trend. Consequently, market participants are now looking to capitalize on this upward momentum and are looking for Best Cryptocurrencies to Buy Now.

    Best Cryptocurrencies to Buy Now

    Recently, Garanti BBVA, a prominent bank in Turkey, integrated XRP into its services. This development allows users to securely store and trade XRP directly via the Garanti BBVA Crypto app. Furthermore, NEAR rolled out a major update to its mainnet, called “Nightshade 2.0,” which enhances its network’s capabilities. Meanwhile, IMX token has shown strong performance, seeing a 22.64% increase in value over the past week.

    1. XRP (XRP)

    Recently, XRP was integrated by Garanti BBVA, a leading bank in Turkey. This addition allows users to securely store and trade XRP directly through the Garanti BBVA Crypto app, enhancing accessibility for investors interested in digital assets.

    The listing of XRP reflects the growing interest in digital assets and provides a safe platform for investors to participate in the market. The token recently gained attention after its protracted legal dispute with the U.S. Securities and Exchange Commission (SEC) came to an end.

    Moreover, this decision and its recent price surge from $0.4 to $0.6 has attracted renewed interest in the asset. Given the current price trends, the token represents a potential opportunity for significant returns.

    CoinShares reported $0.3 million in recent inflows into its XRP investment products, in line with the broader positive trend in the cryptocurrency market. The interest is partly due to speculation about a potential interest rate cut by the US Federal Reserve.

    Moreover, XRP is trading above its 200-day simple moving average and has shown positive momentum, having seen 15 green days in the past month. It also shows high liquidity, making it one of the best cryptocurrencies to buy right now. According to CoinCodex, XRP price could rise by 20.53% to around $0.714 by September, reflecting the optimism surrounding its recent bullish trend.

    2. NEAR Protocol (NEAR)

    NEAR Protocol is attracting attention due to its user-friendly approach to blockchain technology. The platform focuses on scalability and interoperability, aiming to make blockchain accessible to a wider audience. Its innovative sharding technology enables high throughput and reduces transaction costs.

    This makes NEAR attractive to developers and businesses looking for efficient blockchain solutions. With the demand for blockchain adoption on the rise, NEAR has the potential to grow significantly.

    NEAR Price Chart

    Recently, NEAR introduced a major update to its mainnet called “Nightshade 2.0.” This update is designed to enhance scalability and efficiency within the network. Nightshade 2.0 features “stateless verification,” a concept that has gained attention, especially from Ethereum co-founder Vitalik Buterin.

    Furthermore, stateless verification is expected to improve NEAR’s usability and overall network performance, positioning it more competitively in the blockchain space. The Nightshade 2.0 update is in line with NEAR’s ongoing efforts to leverage sharding to increase scalability.

    By dividing the blockchain into smaller, more manageable pieces, the NEAR network can process a larger volume of transactions at a lower cost. This approach is similar to the Ethereum roadmap.

    In terms of market performance, NEAR is currently trading at $4.86, reflecting an increase of 18.31% over the past week. Moreover, the token is trading above its 200-day simple moving average and shows relatively high liquidity relative to its market cap.

    3. AAVE

    Aave has launched its latest release, Aave V3, on the Era mainnet, which uses zkSync to improve blockchain performance and privacy. This update is in line with Aave’s ongoing strategy to enhance its ecosystem. The primary goal of the launch is to increase liquidity and introduce more yield-generating options within the Elastic Chain ecosystem.

    Users now have access to advanced zero-knowledge (ZK) technology, which reduces transaction costs. Chainlink will provide reliable and accurate price information as part of this integration. The deployment of Aave V3 on Era also opens up new possibilities for privacy-focused decentralized finance (DeFi) applications.

    AAVE Price Chart

    This development could lead to the creation of private networks or networks tailored to specific asset classes and user requirements, which could attract institutional interest. In addition to launching V3, Aave Labs has integrated BlackRock’s token fund, BUIDL, into its platform.

    Furthermore, BUIDL, which represents traditional assets such as cash and US Treasuries, aims to maintain the 1:1 convertibility of Aave’s stablecoin, GHO. This integration aims to improve asset management options for users. It also opens the Aave DAO to a wider range of yield sources tied to real-world assets, potentially paving the way for further collaboration with BlackRock.

    Meanwhile, AAVE token is trading at $127.97, reflecting a 3.39% daily decline. Despite the decline, the token has gained 27.90% over the past month. The market sentiment around Aave remains bullish, while the Fear and Greed Index stands at 48, indicating a neutral sentiment.

    4. Baby Unrestricted (PEPU)

    Baby is not tied Pepe Unchained aims to build on the momentum created by its predecessor, Pepe Coin. Unlike the original coin, Pepe Unchained aims to go beyond being a meme coin. The project is focused on leveraging the Ethereum network to create its own blockchain in the future.

    This strategic approach could allow the project to expand its ecosystem, including hosting other tokens or meme coins. Pepe Unchained could offer faster transactions and lower gas fees, which is essential to attract and retain investors. Additionally, the project has introduced a staking program with large rewards.

    At the time of publishing this article, over 865 million PEPU tokens have been staked, providing an estimated annual return of 185%. This makes the staking option attractive for those interested in earning passive income.

    The project also successfully pre-sold, raising over $10 million. This success has generated momentum as the project approaches its next stages, including listing the token on multiple exchanges. These developments could impact its market value. Butt As we move forward, it will be important to monitor how these factors impact our growth and adoption.

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    5. Immutable X (IMX)

    Immutable X makes significant progress in solving Ethereum’s challenges when it comes to scaling the NFT space. As the first layer 2 scaling solution designed specifically for NFTs on Ethereum, it effectively addresses critical issues such as limited transaction rates and high gas fees.

    This development enables faster and more efficient NFT transactions, which is especially beneficial for users who need instant trading and the ability to conduct large-scale transactions. The platform uses zk-rollups technology, which processes transactions off-chain while ensuring the security of those transactions by storing proofs on the Ethereum main chain.

    IMX Pricing Chart

    Additionally, Immutable X offers an API abstraction layer for ease of use, simplifying the process of minting, trading, and transferring NFTs for developers. This user-friendly interface has attracted interest from gaming and content companies that require seamless NFT integration. The platform also features a unified NFT wallet experience through the “Link” feature, which supports secure interactions with third-party marketplaces.

    Recently, the IMX token has shown positive performance, with its value increasing by 22.64% over the past week. The 24-hour trading volume also increased by 20.06%, reaching $42 million at the time of writing. Meanwhile, technical indicators on the daily chart of the IMX token are pointing to a strong uptrend.

    The current liquidity of the token reflects its strong presence in the market. According to Coincodex, the price of Immutable X is expected to rise by 223.13% and could reach $4.78 by next month.

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