Best Crypto to Buy Now June 27 – Kaspa, Injective, Toncoin

Bitcoin (BTC) is currently swimming in a turbulent market environment, trading at approximately $60,750.

The German government’s transfer of 750 BTC worth $46.27 million to various destinations, including prominent exchanges like Kraken and Bitstamp, has greatly boosted BTC’s daily volume.

45 mins ago, the German Government transferred away another 750 $BTC ($46.27M), including:
• 125 $BTC to #Kraken
• 125 $BTC to #Bitstamp
• 500 $BTC to wallet “139PoPE1bK”
• 0.001 $BTC to Flow Traders (likely a test txn)

In the past week, around 4,250 $BTC (~$271.3M) have… https://t.co/JV63Xsc8IC pic.twitter.com/Ezorz9egCf

— Spot On Chain (@spotonchain) June 26, 2024

The influx of supply has contributed to BTC’s struggle to maintain levels above $61,000, highlighting the impact of institutional activities on price movement.

In addition to these supply-side pressures, regulatory uncertainties surrounding major cryptocurrency exchanges such as Binance US have added to market volatility.

Legal actions and operational suspensions, particularly affecting Washington customers starting August 20, also add to the regulatory challenges shaping investor sentiment and BTC price expectations in the short term.

Despite these challenges, the resilience of spot Bitcoin exchange-traded funds (ETFs) in the US signals ongoing investor confidence and interest. Recent data shows positive net inflows into these funds, with Fidelity’s FBTC leading at $19 million, followed by Grayscale’s GBTC with $4 million, marking its first positive flow since early June.

The trend of inflows totaling $21.52 million on Wednesday highlights a growing preference among investors for regulated investment vehicles amid BTC’s price volatility.

But despite these market fluctuations, there are some very good gainers, and here are the best crypto to buy now.

Kaspa (KASPA)

Kaspa has surged 9.51% in the last 24 hours, reaching $0.1762. The increase is supported by a substantial rise in trading volume, which has escalated by 165.19% to $159,640,780.

Such heightened trading activity shows growing investor confidence and interest in Kaspa’s blockchain proposition.

The current price of Kaspa is approaching a critical resistance level of $0.18, and the Relative Strength Index (RSI) indicates that the token is nearing overbought conditions, suggesting strong demand.

A breakout above $0.183 could propel Kaspa toward new highs, potentially targeting levels around $0.205 as part of a bullish scenario. The recent announcement that Marathon Digital has commenced mining Kaspa has further bolstered investor sentiment.

With a current price of $0.181 and a market cap exceeding $4.8 billion, Kaspa has secured a place among the top 24 cryptocurrencies by market capitalization. The cryptocurrency trades near its historical price highs, indicating bullish momentum and potential for upward movement.

Analyst technical analysis suggests even more bullish momentum, with potential resistance levels around recent highs, supported by increasing trading volumes and positive market sentiment, which makes Kaspa one of the best crypto to buy now.

Injective Protocol (INJ)

Injective Protocol focuses on decentralized finance (DeFi) and provides a platform for creating and trading decentralized derivatives.

INJ’s market cap is $2.20 billion, and it is currently trading at $23.54. The INJ price rose by 2.2% today. In the past week, it has traded between $17.38 and $24.41, showing resilience despite a 33.62% decline over the past six months.

Notably, there has been a 12.23% increase in the past week, signaling potential for a bullish reversal.

The Relative Strength Index (RSI) is currently at 65.25, indicating robust buying momentum. Coupled with a high RSI value of 77.76, these indicators suggest strong bullish sentiment among investors.

The next strong resistance level stands at $28.57. If bullish momentum persists, INJ could potentially break through this resistance and aim for higher levels around $35.60, representing a substantial growth of approximately 45% from its current upper range.

Injective recently announced a partnership with Andromeda to enhance the adoption and functionality of decentralized finance (DeFi).

The integration focuses on managing tokenized assets on a unified trading platform, enabling fractional ownership, expanding investment opportunities, and diversifying assets.

With ongoing developments in DeFi integration and strategic partnerships, Injective is positioned to capitalize on the growing demand for decentralized financial solutions, which makes INJ one of the best crypto to buy now.

Toncoin (TON)

Toncoin, currently trading at $7.67 with a market cap of $18.86 billion, experienced a 2.7% increase today.

Since February, Toncoin has surged by 271%, demonstrating a strong uptrend. The price is testing resistance around $7.73, with up to a 3% increase today.

A successful breakout and consolidation above this level could propel Toncoin towards the next target at the 1.618 Fibonacci extension level, approximately $9.60. On the downside, the 0.786 Fibonacci level is a strong support, offering a buffer in case of price retracement.

Toncoin’s recent price actions indicate bullish sentiment among investors, supported by its upward trend and ability to respect key technical levels.

Toncoin has been actively expanding its ecosystem and utility, driven by recent developments. On June 25, the TON Foundation introduced Adsgram, a new advertising platform tailored for Telegram’s mini-apps. Adsgram enables developers to integrate ads directly into their applications and earn Toncoin (TON).

Adsgram has quickly gained traction, achieving up to 8 million daily impressions as of May 2024. It has attracted notable mini-apps like Gamee and Fonton Fantasy Football.

A $20 million TON Ecosystem Fund was recently disbursed to support early-stage projects within the TON ecosystem.

Based on current data and multiple technical analyses, Toncoin (TON) is predicted to experience major growth in 2024. The price is expected to rise by 227.52%, reaching approximately $24.82 by July 26, 2024.

The optimistic outlook is supported by a bullish sentiment and a Fear & Greed Index 40 (indicating fear), suggesting it could be the best crypto to buy 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.