Best Crypto to Buy Now June 19 - XRP, Ecoterra, Kava

Join Our Telegram channel to stay up to date on breaking news coverage

As cryptocurrency price fluctuation continues, investors keep scrambling for the best crypto asset to hedge their bets. Since the best crypto to buy now updates yesterday, the cryptocurrency market has changed a great deal.

The global crypto market cap continues its downward trend as it has decreased by 0.52% in the last 24 hours bringing the value to $1.06T. The market volume in the last 24 hours is $20.2 billion, which amounts to a 3.26% increase in value. DeFi constitutes 6.86% of crypto trade over the past 24 hours and Stablecoins makes up 93.57%.

Likewise, Bitcoin’s dominance has gone past the 48.15%, that’s the highest in 2 years. Nonetheless, it has embarked on another downward trend after it recently added a few gains in the past week.

In the news, the Ripple-SEC legal battle is coming to a close and it may significantly affect the price of XRP going forward.

Best Crypto to Buy Now

What are the best cryptos to buy now? Below are some of the best-performing cryptocurrencies on the market. Each coin highlighted below shows potential for better performance in the coming days. By looking at their indicators and other factors that may influence their future prices, we could identify these coins as the best crypto to buy now.

1. Kava (KAVA)

Despite defying the bear market earlier this month, KAVA finally caved in a few days ago, losing over 15% of its value in one week. The price plunged from $0.9 to $0.7 in 24 hours. But, KAVA has since regained its resilience and embarked on a protracted upward trend.

Over the last 7 days, the price of the coins has fluctuated wildly between the $0.7 and $0.8 mark, putting intense pressure on the resistance. While the crypto is pushing for the $0.9 or $1 resistance level, its RSI values indicate that it is still safe to buy KAVA because of the price growth.

It’s safe to say that the price drain experienced by KAVA is not peculiar to the coins as the crypto market recorded similar performance across the board. In that view, KAVA is currently underpriced and might see some price recovery in the coming days. Buying into the coin right now might present both short-term and long-term benefits.

One positive outlook that makes MKR the best crypto to buy now is the intense promotion programs across the network. For example, the $750 million dedicated to developer incentives has sparked use cases around the network. A more recent development is the $30 000 grant issued to the Equilibre team by the Kava network.

Given the progress of the coin, investors might want to add KAVA to their watch list as its progress seems phenomenal.

2. Maker (MKR)

The MKR token has not been performing well overall. According to the data shared on CoinMarketCap, the coin has lost 5% of its value this year. Notwithstanding, Maker has demonstrated intense resilience in recent times. The recent price drain that hit the market did not affect MKR much.

While major cryptocurrencies and altcoins experienced a downward trend in price movements, MKR moved progressively from $553 to its current price of $688. Invariably it outperformed the market by almost 20%.

Maker continues its positive trend today as its price has seen a 2% increase over the last 24 hours. MKR may be one of the best cryptos to buy now. For basic knowledge of the coin, it is the governance token of the MakerDAO and Maker Protocol. These are Ethereum-based platforms that allow users to issue and manage DAI stablecoin.

Currently, stablecoins make up about 95% of the daily trading volume in crypto transactions. It accounts for why the coin outperformed the market when other cryptos faced a bloodbath in the recent down market.

MKR is equally seeing an increase in its trading volume. Its trading volume went up by 9% in the last 24 hours. It has also seen a 1.4% increase in its market cap over the same period. All indicators of the MKR token reveal strong buy signals.

MKR RSI remains in the regions below 63 but has increased from the 54 we saw two days ago. It indicates that Maker’s overbought and oversold biases are still neutral.

However, it might not remain neutral for long because indicators show that MKR is heading for the overbought region. Nonetheless, MKR’s 200-day EMA seems to indicate that MKR is tending toward the selling sentiment. Therefore, investors and traders may take a short-term view of MKR to hedge their bets.

3. XRP (XRP)

Will XRP break through its $0.56 or $0.53 resistance? More than three times in the last 7-days, XRP repeatedly tested its resistance levels. A look at its performance so far shows that the price of XRP has fluctuated intensely all year long. One of the reasons for the recent downward trend is the legal tussle between Ripple and the SEC. *

However, it has maintained an average growth rate of 57% in the past 365 days. Nonetheless, recen*t price action shows that XRP could be the best crypto to buy now, especially for short-term hedging.

The XPR charts show that the coins established new supports in the last seven days. Likewise, it’s consistently pushing for a high resistance level. While the bulls are seen to be in persistent moves to cash in their gains, the bulls are establishing positions to earn further push the coin towards its $0.60/$0.61 resistance level.

With the current development around the Ripple lawsuit, the price of the coin is moving toward new highs. Some investors are predicting that the coin might gain double-digit values in the coming weeks if Ripple comes out on top in the lawsuit. In the meantime, several use cases of the coin continue to surface as the Ripple ledger increases in popularity.

At the moment, XRP is at a discounted price compared to the potential of the coin in the coming days.

4. Mina (MINA)

The past 7 days have been a struggle for MiNA. While the coin is becoming investors’ delight, recent price actions seem to make it less desirable. Nonetheless, investing in mina may be a good way for investors to hedge their gains.

Mina Protocol is described as the succinct blockchain that enforces the efficiency of dApps by curtailing their computational requirements. Mina’s efficiency has attracted a lot of attention across the sector.

One reason for this is the fact that the size of the platform remained relatively the same even though it’s growing in usage.

Looking at the price charts of Mina shows that the current upward trends in the price of the coin may continue over the coming days. For example, the coins seem to find support at the $0.38 and $0.41 marks. In the meantime, the price is likely tending toward consolidation before embarking on a full upwards trend.

Nonetheless, is MINA the best crypto to buy now? Mina may not be a good coin to invest in for the long term because there may be intense price fluctuations in the coming months. However, investors should keep an eye on the coins for the short term.

5. Ecoterra (ECOTERRA)

Ecoterra is positioning itself as a blockchain-based solution to the current problem of the climate crisis. According to its white paper, the Ecoterra team discovered that the world is plagued with waste management problems. The problem mostly comes from the lack of incentive to act.

Ecoterra is filling this gap by building a system that incentivizes users to take active steps toward recycling.

🌱 Get ready for the power of the Ecoterra app, where you can easily search and acquire carbon credits in the form of #NFTs 💚

With the help of #Blockchain technology, we ensure transparency and enhance security in every transaction 🔒

Join us now ⬇️https://t.co/1fYkPOsPYG pic.twitter.com/EvWoOB4DoM

— ecoterra (@ecoterraio) June 18, 2023

The initiative is dubbed Recycle-2-Earn (R2E). The project hopes to incentivize the public and organizations involved in recycling processes. The plan is to build a platform where relevant stakeholders can interact and carry out their responsibilities.

Furthermore, the platform shares an amount of its revenue with users who follow the recycling requirements of the platform. Similarly, it also provides Ecoterra tokens and Crypto incentives to organizations participating in its program.

Ecoterra launched its presale launch a few weeks ago. In a short time, raised over $5.2 million in presale funds. The platform is currently building a community of users. At the moment, it has reached over 15k on Twitter already. With its current pace and performance, the coin is likely to become an explosive launch. At the moment, investors can still pick up its tokens for as low as 0.0925. However, in 9 days, the token is set to enter its listing price of $0.1.

Visit Ecoterra presale.