Best Crypto to Buy Now June 14 – Notcoin, Uniswap, Toncoin
As major cryptocurrencies consolidate close to recent lows, traders are assessing their options in the altcoin market for the best crypto to buy now.
Bitcoin (BTC) was last languishing near $67,000, just above its 50DMA and close to multi-week lows.
Ethereum (ETH) is just under $3,5000 and also probing its 50DMA, with a drop back to $3,000 possible. And Solana (SOL) is eyeing a drop back to $120 support from current levels just under $150.
Analysts have been citing elevated sell pressure from Bitcoin miners and longer-term holders as weighing on the market.
CryptoQuant founder Ki Young Ju noted that the Bitcoin mining network’s 18-month uptrend in the hash rate recently snapped.
This could be a sign of miner capitulation.
#Bitcoin hashrate's 18-month upward trend has broken, suggesting some miners are capitulating.
h/t @jjcmoreno pic.twitter.com/JOyIUpAIKj
— Ki Young Ju (@ki_young_ju) June 13, 2024
This has resulted in an uptick in miner pool transfers and a surge in OTC desk sales, CryptoQuant notes.
#Bitcoin miners are under pressure and they've begun selling.
Let's explore the recent uptick in mining pool transfers, the surge in OTC desk sales, and why even major publicly traded mining companies are reducing their holdings. 🧵👇
— CryptoQuant.com (@cryptoquant_com) June 13, 2024
Those looking to better understand what is Bitcoin mining and how it works can check out Cryptonews’ handy explainer.
However, with US equities at record highs and US yields trending lower, cryptocurrencies probably won’t continue selling off too much.
Investors looking to benefit from the recent market dip are thus looking for the best crypto to buy now.
Here are some strong-performing altcoins that could be the best crypto to invest in right now for quick gains.
Best Crypto to Buy Now
Notcoin (NOT)
The Notcoin bulls are back in control in wake of the crypto breaking to the north of a recent downtrend.
NOT rose 15% in the past 24 hours, as per CoinMarketCap, recovering to $0.020 per coin.
The viral TON network-based Telegram play-to-earn game is eyeing a quick retest of its record highs near $0.030.
The prospect of a quick 50% rally means NOT could easily be the best crypto to buy now.
Uniswap (UNI)
Leading Decentralized Exchange (DEX) Uniswap (UNI) is a leading performer on Friday, up 6% in 24 hours.
That’s according to CoinMarketCap, who put its price at last just under $10.60.
Having recovered strongly back above the $8.50 resistance zone, UNI is eyeing a near-term test of recent highs around $12.
That could open the door to a push higher towards yearly highs around $17.
The prospect of quick 60% gains means UNI is a good candidate for the best crypto to buy now.
But UNI should be looked at as more than just a quick investment. The crypto has huge potential, thanks to the stunning exponential growth of its platform, especially in L2 trading volumes.
All-time L2 volume on the Uniswap Protocol:
22 months to reach $100B
10 months to reach $200BAnd just 3 months to reach $300B 🤯 pic.twitter.com/CQahuxJHQN
— Uniswap Labs 🦄 (@Uniswap) June 13, 2024
Toncoin (TON)
Telegram-affiliated Toncoin (TON), which powers the TON network, has unstoppable bullish momentum right now.
Now ranking as the 9th largest crypto by market cap, TON surged to new record highs above $8.0 on Friday.
The crypto appears to be in the process of breaking above a medium-term pennant structure.
It could soon hit $10, meaning further quick gains of 25% for investors who get in now. That’s why TON could be the best coin to buy today.
Crypto Alternatives to Consider
The above-noted coins could offer quick gains. But investors with a higher risk tolerance should consider getting involved in a potentially much more profitable strategy – presales.
New web3 projects often raise funds for early development via the sale of their project’s native token.
If investors can reliably identify good projects that go on to achieve a decent level of success/adoption, they can bag huge returns.
Analysts at Cryptonews.com keep a close eye on the presale market. Here are a few of their top picks.
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.
