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Best Crypto to Buy Now June 3 – Kaspa, Floki, Flare

Joel Frank
Last updated: | 3 min read
Best Crypto to Buy Now June 13 – Livepeer, Notcoin, Toncoin
Best Crypto to Buy Now June 13 – Livepeer, Notcoin, Toncoin / Source: Cryptonews

On a mixed start the week for digital asset markets, which has seen Bitcoin (BTC) jump up to retest $70,000 in wake of softer-than-expected US manufacturing data but other major altcoins struggle/lose ground, crypto investors are moving up the risk curve and hunting for smaller altcoins that might be the best crypto to buy now.

Bitcoin was last changing hands in the mid-$69,000s, up over 2% today.

Data released on Monday showed that US manufacturing activity slowed for a second straight month in May.

And that has supported bets that the Fed will start cutting interest rates by September.

Confidence That Fed Rate Cuts Are Coming Rises


As per the CME’s Fed Watch Tool, money markets imply a 59% of at least one rate cut by September. That’s up from around 49% one week ago.

That has sent the US dollar and US bond yields tumbling to multi-week lows, creating macro tailwinds for crypto.

Attention now turns to US ISM services data out on Wednesday and the official US jobs report out on Friday.

If those data releases also support the case for Fed rate cuts, this could help propel BTC back above $70,000.

Indeed, Bitcoin remains a strong candidate for the best crypto to buy now.

When they come, rate cuts will be a major long-term tailwind for the world’s largest crypto. Tailwinds from the recent halving are also likely to come in later this year.

And that should coincide nicely with the US election – another catalyst that has historically boosted the BTC price.

The institutional adoption narrative, meanwhile, is stronger than ever as spot Bitcoin ETFs attract continued inflows.

Inflows have, more or less, been net positive going all the way back to mid-May, as per The Block data.

Bitcoin remains in with a shout of hitting $100,000 this year, and potentially substantially higher in 2024.

It could even go on to 2x from current levels this bull market, making it a great crypto to buy now.

That said, many crypto investors will be hunting greater upside gains. They are likely to seek out smaller, lesser-known altcoins that have 5-10x potential this bull market.

Here are some strong performers on Monday that could be the best crypto to buy now.

Best Crypto to Buy Now

Kaspa (KAS)

Kaspa (KAS), the crypto that powers the innovative GHOSTDAG protocol, is flying higher.

As per CoinMarketCap, it was last up nearly 12% in 24 hours, making it a top performer.

KAS was last eyeing a challenge of $0.16, taking its rebound from April/May lows to over 55%.

The crypto’s momentum is likely to continue until it tests its 2024 highs at $0.19.

KAS could be the best crypto to buy now. Source: TradingView
KAS could be the best crypto to buy now. Source: TradingView

Kaspa has been one of the best-performing cryptos in the world since its mid-2022 launch. It’s up 85,000% since June 2022.

But its still modest market cap of $3.77 billion implies there could be plenty of upside still to come. That’s why KAS could be the best crypto to buy today.

Floki (FLOKI)

Meme coins got a fresh kick over the weekend after GameStop icon Roaring Kitty unveiled a huge GME position on Reddit.

Floki (FLOKI) was one of the best performers, rising 12% in the past 24 hours as per CoinMarketCap.

FLOKI recently rebounded from its 21DMA and may soon burst back through its recent highs above $0.00030.

Floki’s market cap is still small compared to other meme coins at just $2.6 billion. That leaves plenty of room for growth, making it potentially the best crypto to buy now.

Flare (FLR)

Data-focused layer-1 blockchain Flare (FLR) was last still up over 6% on Monday, making it one of the best crypto to buy now.

FLR was last just under $0.029 and is eyeing a break above its 50DMA at $0.030.

FLR is another candidate for best crypto to buy now.
FLR is another candidate for best crypto to buy now. Source: TradingView

That could open the door to a quick surge back to yearly highs above $0.055.

The prospect of potential quick gains makes FLR one of the best crypto to buy today.