Best Crypto to Buy Now: Top 5 Trending Tokens This Week

Best Crypto to Buy Now: Caldera, Hyperlane, NEWT, Sahara AI, XRP

Crypto is buzzing once again, and certain tokens are climbing quickly. Ranging from technology updates to listings on major exchanges, these projects are gaining attention. Let's take a look at five popular tokens, Caldera, Hyperlane, Newton Protocol, Sahara AI, and XRP, that are performing solidly today.

Caldera (ERA)

The last 24 hours saw Caldera (ERA) ramped by 19.4%, and it was largely due to Coinbase International adding ERA perpetual futures on July 24. This listing yellowed the interest of the traders who wanted quick profits, especially the leveraged traders. Its price increase was also the result of the impetus of its previous listing in Coinbase spot market on July 18 that had already increased prices by 75%. Technically, ERA has managed to surpass the resistance point of 1.29 dollars after a 174% increase in trading amount, indicating a shooting bull. The broader altcoin market is heating as well. Now trading at $1.45. 

Caldera assists projects in starting up their own rollups without much trouble and remaining secure and speedy under the Ethereum security framework.

Benefits

• Allows anyone to create custom rollups with good coding skills

• Bridges roll ups to transfer between chains in a cheaper and faster manner

• Fees, staking, and protocol decisions can use ERA token

Hyperlane

HYPER's recent price surge was motivated by intense buy-side pressure, inducing a short squeeze. This was further made more severe by its high turnover ratio of 8.88, indicating high demand for liquidity. If Bitcoin stays put, HYPER's next price targets are $0.57 and potentially a new all-time high at $0.67. Backing up this action, recent developments in the HYPER ecosystem such as the integration of Starknet VM and new collaborations like Velodrome's Superswaps have provided reassurance. In addition, HYPER is exhibiting decoupling from Bitcoin, with its 30-day correlation decreasing to 0.32, signaling robust independent demand. Hyper is now standing at $0.4614. 

Hyperlane enables blockchains to communicate with one another, which facilitates the ease of operations by apps and users across chains.

Benefits

• Avails works with Layer 1s, rollups, and app-chains with ease

• Safe, smooth transfers of messages are possible through Mail box system

• Custom security is enabled upon cross-chain activities by apps

Newton Protocol (NEWT)

Newton Protocol (NEWT) recorded an 86% price surge, facilitated by a powerful technical break and growing hype surrounding altcoins. The larger altcoin market is getting hot. Binance's own BNB added 7% in a single day, and even CZ teased an alt season, giving hope. Binance's VIP Loan program also contributed, allowing whale players to borrow and trade with greater influence. Concurrently, a previous 12.5 million NEWT token airdrop to BNB holders has completely unlocked, leaving a minimal supply in the market and increasing prices' volatility. It is currently trading $0.6486. 

Newton enables complex blockchain jobs to be run safely by AI bots, so automation will be more intelligent and easier in most chains.

Benefits

• Smart accounts and ZK proofs are used Safer delegation

• Enables users to automate without being out of control or out of trust

• Fees, staking, and governance experience-NEWT

Sahara AI

Sahara AI’s surged by 9.89% in the last 24 hours, mainly due to the launch of its new Data Services Platform (DSP), Binance removing its risk label, and growing hype ahead of a token unlock. On July 22, Sahara launched the DSP, where users can earn SAHARA tokens by helping label AI training data for partners like IO.net and xFractal. With rewards of up to $450,000 up for grabs, the demand for the token skyrocketed. This led to trading volume surging more than 2,600% to $2.5 billion. Further fueling the momentum, Binance deleted the Seed Tag on SAHARA on July 21, making the token appealing to larger investors. Traders are also responding to the impending token unlock on July 26, when 4.13% of supply (valued at $6.9 million) will be released into circulation. It usually causes price volatility as investors position themselves in anticipation of the event. Now standing at $0.1112.

Sahara AI is an end-to-end platform, on which individuals will be able to create, sell and consume AI tools with security on the blockchain.

Benefits

• The users get paid when they volunteer to train AI models using data

• Provides building and sharing AI agent tools

• Relied upon by such large corporations as Amazon, MIT, and Microsoft

XRP 

A combination of heavy selling, liquidations across the market and greedy traders cashing in at the peak has seen XRP fall 10 per cent over the last 24 hours. On the whole, these positions accounted for about 113 million of XRP, 94 percent of which were long bets. That sparked off a chain reaction of sell orders and further lowering of the price. Meanwhile, an Upbit exchange in South Korea experienced a sudden dumping of 75 million XRP (equating to around 232 million dollars) in a brief period of time flooding the market with excess supply beyond what can be bought remotely. Although buyers attempted to leave the price above 3 dollars at some point in Coinbase, there were not sufficient to sustain it. The selloff was also aggravated by many traders who chose to take profit, especially since XRP gained 42 percent over the last month. XRP is now trading at $3.16. 

XRP ledger is a highly scalable, low-fee payment blockchain, which is soon going to be used to create tokens, NFTs, and then stablecoins.

Benefits

• Assists developers with tool and multi-language guides

• Applied in the real world payment and asset systems

• XRPL uses XRP to fuel the charges and move on the network

Conclusion

These five tokens are notable due to their actual use cases, solid momentum, and increasing market demand. From AI, automation, or expansion, each one has something unique to provide. Watch them closely; they might be among the biggest gainers in the near future.