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Best Crypto to Buy Now June 5 – Floki, Stacks, Cronos

Joel Frank
Last updated: | 4 min read
Best Crypto to Buy Now June 14 – Notcoin, Uniswap, Toncoin
Best Crypto to Buy Now June 14 – Notcoin, Uniswap, Toncoin / Source: Cryptonews

As the price of Bitcoin (BTC) pushed back towards its highest since mid-May on a combination of macro tailwinds and strengthening demand for spot Bitcoin ETFs from US investors, investors are looking for higher beta altcoins that could be the best crypto to buy now amid the market’s bullishness.

Bitcoin pushed as high as $71,700 earlier on Wednesday as May ADP National Employment data missed expectations.

As Bitcoin threatens a break above multi-month highs, it could be the best crypto to buy now.
As Bitcoin threatens a break above multi-month highs, it could be the best crypto to buy now. Source: TradingView

That comes after softer-than-expected job opening data released on Tuesday. Combined, these data points suggest that Friday’s official jobs report shouldn’t come in too hot.

That’s all contributing to optimism that Fed rate cuts are coming in September, despite still strong service sector activity.

Rate cut bets pushed US 10-year yields to their lowest levels in over a month below 4.30% on Tuesday.

And that is lifting sentiment in the US equity and crypto markets, hence the Bitcoin rally.

Spot Bitcoin ETFs saw their second strongest day of inflows on Tuesday since launching, by the way.

And further upside in BTC suggests inflows have continued on Wednesday. Bitcoin ETFs have attracted inflows of over $2.4 billion in the past month, Bloomberg analyst Eric Balchunas reported on X.

As rate cuts near, as institutional demand swells and as political support for crypto in the US rises and the SEC softens its anti-crypto bias (hence its recent approval of spot Ethereum ETFs), Bitcoin is likely to trade with an upside bias in the near future.

A test of $100,000 this year or next remains very likely. That means Bitcoin is definitely a candidate for best crypto to buy, especially for beginners.

That’s the case for most investors, anyway. More experienced crypto traders might be hunting even larger gains that can only be secured trading smaller, lesser-known altcoins.

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

Best Crypto to Buy Now

Floki (FLOKI)

Floki (FLOKI) just hit new record highs near $0.00035. Up over 15% in 24 hours as per CoinMarketCap, it’s the best-performing top 100 coin on Wednesday.

FLOKI was last trading around $0.0003150. But the bulls remain very much in control. The meme coin has found strong support at its 21DMA in recent weeks.

And with a market cap of still just $3 billion, there is a lot of room for growth. Dogecoin’s market cap is $23.66 billion, after all, around 8x more.

FLOKI could still 3-5x this bull market. That’s why it could be the best crypto to buy now.

Stacks (STX)

Fast-growing Bitcoin layer-2 blockchain Stacks (STX) is pumping on Wednesday, up 11% in 24 hours, as per CoinMarketCap.

After a prolonged price town over the past three months, the bulls look as though they have regained control.

STX pushed above its 50DMA on Wednesday, having broken its 21DMA on Tuesday.

As STX threatens a push back to yearly highs, it could be the best crypto to buy now.
As STX threatens a push back to yearly highs, it could be the best crypto to buy now. Source: TradingView

The next stop for STX could be a retest of yearly highs above $3.80. That could mean upside of nearly 70% from current levels around $2.30. That makes STX potentially the best crypto to buy now.

Uniswap (UNI)

After pumping over 20% on Tuesday after Uniswap Labs teased an announcement on Tuesday, Uniswap (UNI) is consolidating.

UNI was last trading just under $11. But it may soon retest yearly highs near $17.

The SEC’s approval of spot Ethereum ETFs signaled an easing of its anti-crypto stance. And that could directly help UNI, as the Uniswap Foundation received an SEC Wells Notice earlier this year.

UNI also recently found support at its 21DMA. Assuming Uniswap Labs delivers something good, UNI could quickly add 50% to hit $17.

That’s why it ranks as potentially the best crypto to buy now.

Alternative to Consider – Wiener AI (WAI)

The above coins might all deliver 5x gains this bull market. That’s a fantastic return.

But this is crypto markets, and many investors are hunting for that rags-to-riches story.

A risky but high potential new meme coin that analysts at think could 100x called Wiener AI (WAI) is worth checking out.

The meme coin market is over-saturated with Shiba Inu-themed coins boasting little to no real utility.

That probably explains why Wiener AI’s presale has attracted such strong demand.

The sausage dog-themed coin offers a suite of AI-powered trading tools and has already raised over $4.5 million in its presale.

WAI is not only a meme coin with AI capabilities but also a potential passive income gem.

20% of the supply has been allocated to staking rewards, and investors are currently earning a massive 240% APY, as per the project’s official website.

Interested investors need to move quickly, as the WAI price will rise when the presale hits $4.86 million.

At the current price of $0.000715, WAI’s market cap is around $50 million.

If it achieves market leadership, early investors stand to benefit greatly, with a potential for 100x gains or more.

Buy Wiener AI Here

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.