The crypto market downturn has dropped the market cap below $1 trillion, and anxious traders are looking for the best coins to buy with potential for gains. Despite the bearish sentiment, some coins are outperforming others, and they are worth considering.
Some of the top crypto gainers to buy today include Uniswap (UNI), Ripple (XRP), Algorand (ALGO), Stellar (XLM), Compound (COMP), Helium (HNT), Ravencoin (RVN), and Tamadoge (TAMA).
Uniswap (UNI)
One of the few movers during the past 24 hours is UNI. UNI is up by 5.7% during the past 24 hours to trade at $5.65. The current gains are quite bullish, given that UNI has been on a notable decline over the past month.
Uniswap is one of the best DeFi exchanges in the market, allowing users to trade crypto. It also supports peer-to-peer market making without the need for an intermediary.
The current gains could be attributed to the first wave of grants issued by the Uniswap Foundation. The Uniswap Foundation was launched towards the end of August, and it has now released $1.8 million awarded to 14 grants.
Ripple (XRP)
The other cryptocurrency that also makes for a good buy this month is XRP. XRP has gained by 6.6% in 24 hours, and it was trading at $0.423 at the time of writing. XRP has also outperformed the broader market with a 23% weekly gain.
XRP’s bullish gains amid news that Ripple and the US Securities and Exchange Commission (SEC) had requested a judge to settle the ongoing lawsuit. The crypto community is optimistic about the lawsuit’s outcome that has dragged on since December 2020.
There is a high likelihood that the lawsuit will end with a settlement that could break XRP to $1. In the summary judgment motion, Ripple has argued that there is no existing investment contract, which could increase the possibility of a settlement.
Algorand (ALGO)
The other top crypto gainer in the market is Algorand. It stands as one of the top performers among the top 50 largest cryptocurrencies by market cap. ALGO is up by over 11% during the past 24 hours to trade at $0.355 at the time of writing.
A series of positive developments surrounding Algorand are behind the bullish sentiment, and the token is currently one of the best cryptos under $1 to buy for solid returns.
Algorand has appointed Michele Quintaglie as its new Chief Marketing Officer. Quintaglie has vast experience as a former executive at Visa and Fidelity Asset Management. Quintaglie will lead Algorand’s global marketing and communications team.
Stellar (XLM)
Stellar has made a bold 2% gain during the past 24 hours to trade at $0.11 at the time of writing. The gains add to XLM’s weekly gains, which are nearly 10%. XLM also serves as an excellent long-term investment because of its solid fundamentals.
Stellar was launched in 2014, and it has since become one of the most popular crypto assets. It is used to support financial transactions. Over the years, Stellar has secured notable partnerships with MoneyGram and Flutterwave. It has also partnered with IBM and the New York State Finance Department.
Compound (COMP)
Compound is one of the earliest DeFi lending platforms. However, this year’s crypto market volatility has affected COMP, which fell to an all-time low in June. However, COMP seems to recover its losses after a 3.3% gain in 24 hours and a 12% gain in 14 days.
At the time of writing, COMP was trading at $54. Compound is one of the pioneers of the decentralized finance sector. The platform allows users to lend and borrow assets by depositing their crypto assets into pools. The DeFi sector seems to be recovering from the collapse of earlier projects such as Celsius and Terra LUNA.
Helium (HNT)
The other top gainer this month is Helium (HNT). HNT has been on a bold uptrend following bullish developments supporting the token’s gains. During the past 24 hours, HNT has gained by 4.9%, trading at $4.76 at the time of writing.
The Helium community has voted to migrate the Helium network from its blockchain to the Solana blockchain. Voting for the HIP 70 proposal closed early Thursday, where 81% of the votes favored the migration. Helium developers proposed migration to boost efficiency and interoperability.
Scott Sigel, the COO of Helium, said that migrating to Solana will allow the devs to focus on scaling the decentralized Wi-Fi network instead of managing the blockchain itself. The co-founder of Solana, Anatoly Yakovenko, has also supported the migration, saying it was “a tremendous endorsement of Solana.
Ravencoin (RVN)
Ravencoin has been one of the top gainers in the cryptocurrency market over the past few weeks. On a monthly basis, RVN is up by 35%. At the time of writing, RVN was trading at $0.0408 after a 1.8% gain in 24 hours.
The uptrend made by RVN was caused by news of the Merge. With Ethereum now a proof-of-stake (PoS) network, there is no need for miners. These miners have been migrating to proof-of-work networks such as Ravencoin. This migration has supported the RVN bull run.
Tamadoge (TAMA)
Last but not least, we have Tamadoge as one of the top cryptos to buy in September. Tamadoge is one of the newest memecoins in the market. Still, it has also integrated the allure of play to earn, making it compelling for a crypto investor looking to invest in a coin that offers utility.
The Tamadoge presale was a huge success, having raised $19 million in less than two months. Now that the presale is complete, the TAMA team is on to the next course of action, which is listing on centralized and decentralized exchanges. The CEX listings will be announced on Friday, and TAMA could make over 10X gains.
The Tamadoge P2E gaming ecosystem is expected to witness sporadic growth that will outperform earlier blockchain games such as Axie Infinity and The Sandbox because of integrating interoperability.
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This article was written for Business 2 Community by Ali Raza.
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