Best Crypto to Buy Now 29 June – BitDAO, Stellar, Bitcoin SV
Broader cryptocurrency markets are a little higher on Thursday, but remain stuck within recent ranges, with Bitcoin (BTC) just above $30,000 and Ether (ETH) in the mid-$1,800s.
Markets continue to balance optimism about potential upcoming spot bitcoin ETFs, which helped spur a recent recovery in sentiment, against macro headwinds.
These include strong US data which continue to bolster Fed tightening bets, which is keeping the US dollar and US yields underpinned.
For investors looking to diversify their crypto holdings away from blue-chip names like bitcoin and ether, here are some of the best cryptos to buy now on the 29th of June.
BitDAO (BIT)
BitDAO (BIT), the governance token of the BitDAO decentralized autonomous organization (DAO), has been bucking the broader crypto market trend in recent weeks and is in a downtrend.
BIT was last trading around $0.375, having been in a downtrend for over a month now, with this downtrend recently confirmed by a rejection of the 21DMA.
But BitDAO recently bounced at $0.36 support, and could represent an interesting dip-buying opportunity.
The BitDAO DAO is focused on supporting and advancing the development of the decentralized finance (DeFi) ecosystem, and aims to foster innovation, collaboration, and investment in various DeFi projects and protocols.
Wall Street Memes ($WSM)
Wall Street Memes, one of the internet’s hottest retail investing communities, rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The success of the $WSM presale, which has raised more than $11 million only around one month, isn’t surprising given the size of Wall Street Memes’ community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
All told, Wall Street Memes has a 1 million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance.
With 30% of the token supply being held back for community rewards, it can reasonably be expected that airdrops to holders will be a big part of the ecosystem.
Indeed, the first $WSM airdrop is open now.
Analysts are already predicting big things for Wall Street Memes when it lists on exchanges and you can be a part of it.
Stellar (XLM)
Stellar was created back in 2014 by one of the co-founders of US crypto/fintech giant Ripple, and is designed to facilitate fast, low-cost cross-border transactions and enable the issuance and transfer of digital assets.
After bouncing from a double bottom in the $0.075 area earlier this month and breaking to the north of a multi-month downtrend, Stellar (XLM) has strong bullish momentum.
XLM was last trading above $0.10 per token, up around 35% versus recent lows, with analysts predicting it could push another 12% high to retest yearly highs in the coming weeks.
yPredict (YPRED)
The yPredict market intelligence platform is building a first-of-its-kind, institutional-grade financial price prediction system.
Observers think the tool, which is built on yPredict’s in-house deep data analysis, will help crypto investors discover the next explosive crypto with ease.
The best part, yPredict’s crypto price prediction system will remain free and open for all users to access – the price predictions will be made publicly available and require no login to see, the project’s Whitepaper explains.
But yPredict offers investors much more than just crypto price predictions.
The project is “building a cutting-edge crypto research and trading platform that provides traders and investors access to dozens of AI-powered signals, breakouts, pattern recognition, and social/news sentiment features”, the start-up says in yPredict’s Litepaper.
As AI continues to make waves in the crypto industry and beyond, projects like yPredict are expected to attract significant interest.
That’s why many industry observers are tipping AI cryptos like yPredict’s native $YPRED token, currently available via presale, to be amongst the next best-performing coins.
Bitcoin SV (BSV)
Bitcoin SV (BSV) could be on the cusp of breaking above key resistance that could trigger a near 100% rally from current levels.
BSV was last trading around $37, close to its 200DMA, which has acted as strong resistance in recent months.
BSV is also stuck below a downtrend that has been in play since July 2022.
However, the cryptocurrency carries significant bullish momentum.
It is up 100% versus earlier monthly lows in the $18s.
A break above the aforementioned key resistance levels could be the catalyst for a pop higher to summer 2022 highs in the $66 area.
Bitcoin SV was created as a hardfork of the Bitcoin blockchain back in November 2018.
Its creators aim to restore Bitcoin creator Satoshi’s vision for the cryptocurrency (hence the SV part of the name), by focusing on scalability, stability, and security.
Bitcoin SV proponents believe that it is important to scale the blockchain to accommodate a high volume of transactions and enable widespread adoption.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
