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Best Crypto to Buy Now June 4 – Kaspa, Ordi, Kasmy

Joel Frank
Last updated: | 2 min read
Best Crypto to Buy Now June 4 – Kaspa, Ordi, Kasmy
Kaspa, Ordi and Kasmy make the shortlist for best crypto to buy now. Image by cryptonews.com

As Bitcoin (BTC) eyes a fresh retest of $70,000 in wake of data that showed that the US labor market softened more than expected in April, bolstering Fed rate cut hopes, traders are scouring altcoins markets for the best crypto to buy now for quick gains.

The US JOLTs Job Openings report for April saw job openings decline to 8.06 million from 8.49 million in March.

That was the lowest reading since June 2021, and bigger than the expected drop to 8.35 million.

It also marked a continuation of the cooling off of demand for labor seen since 2022. Job openings peaked above 11.5 million in May 2022.

The latest data helped bolster confidence that the Fed will be cutting interest rates by September.

As per a CME’s tool, the market-implied odds of at least one rate cut by September was last over 65%. That’s up from under 60% one day go, under 45% one week ago and around 33% one month ago.

Traders will be hoping that the official jobs report on Friday also points to a softening labor market.

That could be just the catalyst needed to send Bitcoin back above $70,000 on a lasting basis.

Chart analysis certainly suggests a likelihood of more upside, with Bitcoin finding strong support at its 21DMA in recent sessions. That could make Bitcoin the best crypto to buy now.

After finding strong support recently at its 21DMA, Bitcoin could be the best crypto to buy now.
After finding strong support recently at its 21DMA, Bitcoin could be the best crypto to buy now. Source: TradingView

Other major cryptos were mixed on Tuesday. The likes of ETH, DOGE, SHIB, AVAX and LINK all nursing modest losses over the past 24 hours.

BNB, SOL, XRP and TON, meanwhile, were slightly higher over the same time period.

Here are some strong-performing altcoins that might be the best crypto to buy now.

Best Crypto to Buy Today

Kaspa (KAS)

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

As per CoinMarketCap, it was last up nearly 18% in 24 hours, making it a top performer.

Last just under $0.18, KAS is eyeing a challenge of yearly highs around $0.19. Its rebound from April/May lows is already over 75%.

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

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 $4.22 billion implies there could be plenty of upside still to come. That’s why KAS could be the best crypto to buy today.

Ordi (ORDI)

The Bitcoin inscription protocol Ordinal (ORDI) is also pushing higher on Tuesday. It was last trading near $52.2, up 13.5% in 24 hours as per CoinMarketCap.

Its market cap was also last around $1.1 billion, suggesting it has plenty of room left to shoot higher.

Assuming Ordinals continues to see rapid adoption as the bull market continues, it could easily be 5-10x. That makes it amongst the best crypto to buy now.

JasmyCoin (JASMY)

Decentralized Internet of Things (IoT) protocol JasmyCoin (JASMY) is rallying hard, up 12% in 24 hours.

Last just under $0.040, JASMY is now up 1,300% versus its 2023 lows of around $0.003.

According to CoinMarketCap, JASMY is still down around 99% from its all-time high price of late 2021.

That suggests it’s still very early to get back into the coin, assuming it continues to pump with the broader market. JASMY is thus a candidate for the best crypto to buy today.