The PYTH Network’s PYTH price is on the rise, having surged over 14% in the past 24 hours, while Uniswap and Blur are also in the news along with crypto presales Bitcoin ETF Token and Bitcoin Minetrix, which are among the best crypto to buy now.
These cryptocurrencies and crypto presales are gaining traction due to big developments and market movements.
Best Crypto to Buy Now in the News
The PYTH Network, the fourth-largest oracle project with a total value locked of $1.5 billion, has an ongoing airdrop for 90,000 users totaling 255M PYTH tokens. This hints at potential growth in the project’s user base.
The Claim Process for the Pyth Network Retrospective Airdrop is now live.
Eligible individuals can find the Airdrop Claim Page at: https://t.co/VPNguNGrWx
Learn more below:
Guide to Claiming
You can read the how-to guide on the Claim Process at: https://t.co/WlPdVbFEa8
In… pic.twitter.com/nb50NXs7oM
— Pyth Network ? (@PythNetwork) November 20, 2023
PYTH has shown bullish momentum lately. Traders are optimistic about the possibility of PYTH hitting $1 by the end of November.
In addition to the airdrop, two major exchanges have listed PYTH for trading. On November 20, the OKX exchange added PYTH to its perpetual market, allowing up to 50x leverage.
Then on November 22, Binance listed a PYTH perpetual futures contract. These new listings are expected to increase the visibility and trading volume of the PYTH token.
The recent exchange listings combined with the airdrop signify the PYTH Network’s efforts to expand its presence in the crypto market.
If momentum continues, PYTH could see substantial growth in adoption and valuation in the coming weeks.
Uniswap’s governance token UNI posted a 25.96% in yesterday’s candle close, outperforming the broader crypto market.
Building on this momentum, UNI set a new multi-month high of $6.443 earlier today. UNI is currently trading at $6.405 up by 4.85% so far today.
In governance developments, a new proposal in Uniswap’s DAO seeks to increase voting power for active yet underrepresented delegates.
Blur (BLUR), which is currently transitioning to “Season 3”, has seen a notable increase in price thanks to rewards given to participants in Season 2.
It’s time to BLAST OFF. I just received 22851000 $BLUR from @BLUR_io‘s Season 2 drop. Season 3 starts NOW and is powered by @BLAST_L2, the only L2 with native yield backed by Paradigm and Standard Crypto. pic.twitter.com/jDKgc0wInS
— Hanwe (@HanweChang) November 21, 2023
The airdrop for Season 2 was particularly generous, with prominent NFT trader Hanwe.eth securing an exceptional $11 million in BLUR tokens.
This highlights Blur’s dynamic rewards system, which appears to scale rewards based on usage and activity levels.
In recent market action, BLUR was one of the largest gainers yesterday, surging 42.63% to trade at around $0.50.
Based on a cup-and-handle pattern, there is anticipation that BLUR could rally further.
BLUR has already recovered over 230% from its all-time low in October, and predictions suggest its price could reach $1 by the end of the year.
As the cryptocurrency market continues evolving, new crypto projects are surfacing as serious Bitcoin alternatives.
For example, the presales for Bitcoin ETF Token and Bitcoin Minetrix are attracting notice as potentially lucrative investments.
Though still in the early stages, these new cryptos have the potential to become the best crypto to buy in 2023 as the market expands.
Read on for an in-depth look at why PYTH, UNI, BLUR, BTCETF, and BTCMTX may be the best crypto to buy now.
PYTH Price Soars Another 14.34%: Bulls Continue to Charge
The Pyth Network (PYTH) price has seen a continuation of yesterday’s bullish momentum so far today, with the cryptocurrency trading up 14.34% at $0.48119.
This strong upside move comes after PYTH staged an impressive 43.90% rally yesterday.
From a technical perspective, the short-term outlook remains positive for PYTH. The hourly 20 EMA currently stands at $0.46230, above the 50 EMA at $0.42300.
Typically, when the faster-moving average is above the slower-moving average, it signals bullish momentum in the near term.
Additionally, the RSI for PYTH is currently at 62, well below the overbought threshold of 70.
This shows there is still room for the rally to potentially continue before becoming overextended.
The MACD histogram is printing at -0.00227, slightly below the zero line. This indicates slowing bullish momentum, but not…
Read More: Best Crypto to Buy Now November 23 – PYTH, UNI, BLUR