BTC -0.47%
ETH -0.47%
SOL 2.17%
PEPE -2.00%
SHIB -2.08%
BNB 0.39%
DOGE -2.53%
XRP -1.59%
Pepe Unchained ($PEPU)
The Hottest Presale

Best Crypto to Buy Now June 24 – Near Protocol, Bitget, Polkadot

Jimmy Aki
Last updated: | 5 min read
best crypto to buy now
Best Crypto to Buy Now June 24 – Near Protocol, Bitget, Polkadot / Source: Cryptonews

As major cryptocurrencies continue to grapple with bearish market conditions, traders and investors are actively seeking the best assets to buy right now to capitalize on potential rebounds.

A brief analysis of the crypto market reveals a 4.07% loss in market capitalization over the last 24 hours.

According to CoinMarketCap data, leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and BNB (BNB) have experienced major declines of 4.64%, 5.23%, 3.90%, 2.52%, and 3.84%, respectively, in the past day.

New data from FactSet revealed that Bitcoin withdrawals on crypto exchanges outnumbered deposits by $522 million last week. This indicates that many retail traders are cashing out their profits or moving funds away from the exchanges.

Making matters worse, German authorities have been offloading Bitcoin holdings, recently selling $325 million worth of the cryptocurrency from a seized batch of 50,000 BTC, originally confiscated from the notorious movie piracy site Movie2k.

The Bitcoin Dominance Index (BTC.D) has started falling since last week and dropped another 0.55% to 54.78% today.

best crypto to buy now
Bitcoin Dominance at 54.78%

As the dominance reduces, it signals a shift in investment from investors who are considering altcoins, particularly in the wake of the U.S. Securities and Exchange Commission’s decision to end its investigation into Ether’s status.

CryptoQuant CEO Ki Young Ju also shared insights into the bearish sentiment surrounding Bitcoin, noting that whale traders seem to be in a “risk-off” mode, minimizing their exposure to Bitcoin derivatives.

In light of ongoing discussions and speculation about the best crypto buy now, we have curated a list that highlights the top investment opportunities.

Near Protocol (NEAR)

Near Protocol (NEAR) is a cutting-edge, blockchain-based platform optimized for decentralized applications (dApps).

The protocol boasts a user-friendly and developer-friendly environment, ensuring seamless interactions. Additionally, NEAR features Nightshade, a sharding technology that enhances scalability by fragmenting the network into manageable pieces.

At press time, NEAR trades at $5.23 per token, greatly below its all-time high of $20.42 on January 16, 2022, representing a 73.84% decline.

The downtrend presents an opportunity for investors to leverage its discounted price. The token’s ecosystem utility is anchored in its technology and dApps, with potential growth projected alongside advancements in AI and computational innovations.

Additionally, the relative strength index (RSI) shows that the NEAR token is at 36.11, up from its previous 33.04 zone, indicating that the asset is nearing a bullish territory.

best crypto to buy now
NEAR RSI indicates slow movement to an overbought zone

With a strong trading volume of $480 million and a market cap of $6.3 billion, NEAR has room for growth as a potential bull run approaches. It’s truly one of the best crypto to buy now.

Bitget (BGB)

BGB is a utility token for the Bitget exchange, a leading cryptocurrency derivatives trading platform.

The BGB token offers users various benefits, including reduced trading fees, access to exclusive features, and participation in platform governance. The token’s value is closely tied to the growth and adoption of the Bitget exchange, making it an essential component of the platform’s ecosystem.

At press time, the exchange’s token is trading at $1.09, reflecting a 4.64% drop in the last 24 hours. This represents a 26.71% decline from its all-time high of $1.48 on June 1, 2024. Additionally, its RSI value has decreased to 38.10 from 43.72, indicating a shift in market sentiment.

best crypto to buy now
BGB trades at $1.09, a discounted price for investors to leverage

Regardless, BGB offers traders an alternative investment option. Similar to our best crypto projects to invest in 2024, BGB presents more opportunities for short-term investors looking to generate massive returns due to its low price and utility tied to the Bitget exchange.

The trading platform has partnered with top platforms, including OnRamp Money, to provide crypto payment solutions to a range of countries, including the United Arab Emirates, Vietnam, and Mexico.

With more partnerships and collaborations, BGB is projected to soar in value due to added utility and generate massive returns for early investors.

Polkadot (DOT)

DOT is the native token of the Polkadot network, a decentralized platform that enables multiple blockchains to transfer any data or asset types trust-free. The network’s major strength is the connection and security of diverse blockchains, allowing multiple chains to be interoperable. The DOT token is one of the best crypto to buy now.

DOT is used for transactions, governance, staking, and more in the Polkadot ecosystem.

At press time, DOT trades at $5.63 per token, down to 1.67% in the past 24 hours and 89.72% from its all-time high of $55 on November 4, 2021.

DOT has endured impactful price volatility over the past few months, plummeting from a peak of $11.54 on March 15, 2024. The crypto asset currently hovers above the $5 threshold.

An analysis of the RSI indicates that DOT is approaching oversold territory, having retreated to 32.70, down from its previous level of 35.86. Although this signals a bearish trend, the discounted price of DOT presents a prime opportunity for traders to capitalize on a potential rebound. You can learn more about DOT from our Polkadot price prediction here.

The asset has a market cap of $8 billion and a utility that’s bound to fuel its growth. DOT’s ecosystem is designed to lay the groundwork for a decentralized internet of chains. With its use cases expanding, DOT is projected to surpass its all-time high by the end of 2024, offering a promising outlook for traders.

Recently, the platform released a ​​”neuro-symbolic” AI chatbot called PolkaBot.AI, which will support DOT subscriptions, increasing the asset’s utility and potential value.

Exploring Presales as an Alternative Investment Strategy

Traders seeking high returns often overlook presales, a lucrative opportunity for gains. Web3 projects sell native tokens at discounted rates to early investors to raise capital for development. This strategy allows investors to enter at a lower price point, potentially leading to higher returns when the token launches and gains market traction.

Despite the potential rewards, exploring the presale market can be daunting. It requires thorough research into a project’s fundamentals, including its use cases, team experience, market presence, and technological viability. CryptoNews has curated a list of top presales with strong profit and growth potential to assist investors.

15 Best Crypto Presales to Invest In

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.