Best Crypto to Buy Now June 25 – Brett, Dogwifhat, Pepe
As major cryptos rebound following Monday’s Bitcoin-led rout, investors are wondering which might be the best crypto to buy today to take advantage of the market’s latest dip.
Bitcoin (BTC) was last in the $61,000s as traders mull the prospect of Mt Gox creditor repayments commencing in July.
BTC is up sharply from Monday’s $58,500ish lows, with a recent increase of around 1.75%, per CoinMarketCap.
Some traders have been arguing that Mt Gox repayments won’t result in as much sell pressure as the market fears.
creditors have been stuck in mt gox bankruptcy for 10+ yrs–finally trustee says in-kind distribution of #BTC #BCH will begin in july. we think fewer coins will be distributed than people think & that it will cause less #bitcoin sell pressure than market expects
here's why 👇
— Alex Thorn (@intangiblecoins) June 24, 2024
That might suggest a Bitcoin-led market rebound is on the horizon.
Others have surmised that Bitcoin’s struggles could be related to liquidity tightening behind the scenes, however.
Bitcoin is the best alarm system in markets today. This price dump is probably less about Mt. Gox coins being sold and more about some liquidity crisis on the horizon that is metastasizing behind the scenes.
— Marty Bent (@MartyBent) June 24, 2024
That might suggest that Bitcoin may struggle in the low-$60,000s for some time.
The low probability of near-term upside for Bitcoin suggests it might not be the best crypto to buy right now.
Of course, the opposite is true for many longer-term investors, who will view the market’s latest dip as a great opportunity to accumulate.
Could Ethereum Be the Best Crypto to Buy Now?
Perhaps the market’s next leg up could come from Ethereum (ETH). VanEck filed an 8-A form for its spot Ethereum ETF on Tuesday. And the form suggested that ETFs could go live as soon as July 2.
Analysts at Bernstein think the Ethereum ETF launch could underperform, however.
Bernstein added that Ether and other cryptos need a better regulatory regime. But they think this will come as the US election approaches, with the pro-crypto Republicans looking likely to win.
In the meantime, ETH is stuck just under $3,400, down close to 15% from May’s highs near-$4,000.
For those expecting ETH to rebound on strong ETF demand in July, it could be the best crypto to buy now.
Ethereum can potentially post 3-5x gains in the next few years as adoption grows.
Some investors will be looking for much larger gains, however. Smaller and lesser-known altcoins, while riskier and less liquid, are a better way of booking 10x+ gains.
Here are some top-performing coins on Tuesday that might be the best crypto to buy now.
Brett (BRETT)
The leading Base meme coin Brett (BRETT) is pushing higher on Tuesday, having gained 25% per CoinMarketCap.
BRETT’s latest pump has seen it recover back into the $0.16s, leaving it just 15% down from June’s record highs.
Brett’s momentum has been impressive recently, defying the market’s broader struggles.
The meme coin still only has a market cap of roughly $1.6 billion, suggesting plenty of room for growth in this bull market.
Brett could easily 10x to become a $10 billion-plus coin, making it potentially the best crypto to buy now.
Dogwifhat (WIF)
While it’s not looking quite as strong as BRETT, Solana meme coin darling WIF is also performing well on Tuesday.
As per CoinMarketCap, it went up by around 22% in the past 24 hours.
WIF was last around $2.0, up an impressive 35% from Monday’s sub $1.50 lows. But it is still down close to 60% from earlier yearly highs.
But for those who are still strong believers in the Solana meme coin revolution, a huge trend in early 2024, WIF could be attractive enough to buy the dip.
WIF’s market cap is currently $2 billion. Like Brett, that’s small compared to the big meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
That suggests plenty of room for growth, making WIF the best crypto to buy now.
Pepe (PEPE)
Having included a Base and Solana meme coin, it seems fitting to also include a strong-performing Ethereum meme coin on this list.
Indeed, Pepe (PEPE) was last up around 18% in the past 24 hours, as per CoinMarketCap.
Pepe’s push higher comes with the meme coin having recently broken to the north of a downtrend.
That could signal an imminent return to yearly record levels despite the broader market’s struggles. As such, Pepe could be one of the best cryptos to buy now.
Meme Coin Alternatives to Consider – Crypto Presales
The above-mentioned meme coins could all still post 10x gains in this bull market.
But those seeking a bigger upside must get into a coin earlier, i.e., before it trends.
Buying it during the presale is a good way to get in on a promising coin early.
Presales are risky, as is investing in crypto. That’s why the team at Cryptonews.com monitors the presale market closely.
Here are three presales that their in-house analyst is watching right now.
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.
