Best Crypto to Buy Now June 23 - VeChain, Dash, Ecoterra

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Blockchain continues to evolve every day with hundreds of use cases popping up in the crypto sector. Our last update of the best crypto to buy now features some exciting coins with daunting performances. Today, we’re back with a new set of coins that are currently pumping and might continue to see improved performance in the coming days. But before we get into the details, let’s have a look at the data across the crypto market.

A lot has changed since our last update, within this period, the global coin market cap has fallen by 0.26%, bringing the value to $1.17T. The total crypto trading volume in the last 24 hours has come down to $35.22 billion, a total of 40% decrease. DeFi trades make up 7% of the crypto market in the last 24 hours, with a value of $2.46 billion.

Best Crypto to Buy Now

Below is the list of the best crypto to buy now. Today’s list highlights some crypto that is doing well in the short-term and presales that are on their way to becoming game changers.

1. VeChain (VET)

The launch of the VeChain developer micro-grant in May caused a spike in the price of VET. The coin has been on a fluctuating price trend since the beginning of the year. Worse still, the SEC crackdown in the early days of the month seems to worsen the case for VET. It sent the price on a wild downward trend. The trend has continued till recently when the coin seems to find some support at the $0.015 region. VET has traded closer to this support for most of the month.

Nonetheless, things may start to change as VeChain gained 6% in the last 24 hours. While this might look like quite a lot for the falling coin, it’s not the first it is seeing this week. In the past seven days, the price of VET has climbed by over 21%. Interestingly, it’s still on its upward trend. The coin is staging a comeback through various partnerships with sports and outdoor activities. An instance is the just-concluded street skateboarding where VeChain was the tech partner.

Part of the growth seen in the value of VET also stems from the announcement posted on the coin base less than 24 hours ago that the coin would now be added to the roadmap list. The build-up of activity around the network increases hope in crypto and improves confidence. While the growth printed by VET may not be guaranteed for long-term gains, it is worth considering the coin as the best crypto to buy now, especially for short-term hedging.

2. UNUS SED LEO (LEO)

UNUS SED LEO has added another 7% to its value. It started its upward trend on the 21st of the month after about seven days of price consolidation. LEO’s price hovers around the $3.5 range for a few days before shooting up to $3.7, and then to its present price of $3.9. But, how long will LEO continue its gains?

Looking at its charts, LEO RSI (14) indicates a value of 77, which is tending toward the overbought region. In that case, investors should pay close attention to the coin before making a purchasing decision as the coin may not retain its upward trend for too long. Given the pressure from the bears in the past few days, it’s only a matter of time before other bears join to push the pressure back down. Nonetheless, short-term investors may look at the coin for quick hedging as it may push for the $4.0 price point before making a turn for downward trends.

While some traders speculate that it’s too late to jump on LEO’s upward trend, its SMA and EMA say otherwise. The readings from its EMA return strong buy signals. Given the trend, it may take a few days for the coin to finally settle on a downward slope. Moreover, considering its price pattern over the last 365 days, one would identify the consolidation period that’s lasted over 6 months. Investors should add this coin to the watch list as the price is currently underpriced.

3. Dash (DASH)

Will Dash finally see some gains after a protracted year of loss for investors? The answer to this question lies in the performance of the crypto in the coming days. The coin has printed a net loss of over 49% since the beginning of the year. It opened the year at $42 and quickly rose to as high as $74 by mid-year.

The pressure from the bears forces the price of the coin to spiral in a downward action it has not recovered from. However, the recent trend seen on DASH charts seems to point to an imminent potential for recovery. For one, the coin recorded over 12% gains in the last 7 days and over the last 24 hours, its price has gone up by another 1%.

With consistent growth, its possible investors finally regain their margin. However, traders might want to look into the coin as the signals tend towards price growth in the coming days. In the 24 hours alone, the price has pushed to $34 more than twice. It could be the best time to pick up the coin as its price may jump a few dollars in the coming days.

4. Monero (XMR)

Is Monero heading for the $181 resistance? The coin has been on a consistent growth pace for the past 7 days, and it has continued to break through many of its resistances as its price climbed up to $150. Less than 10 hours ago, XMR surged upwards of $152 before settling at its current price. It’s quite difficult to predict the potential outcome of the price movement as the coin has experienced wide fluctuations since its price plunged in late May.

Notwithstanding, a look at XMR charts reveals certain facts. First, Monero’s RSI (14) currently falls within the range of $59.8, which indicates a buy signal. In addition, all moving averages fall in the ranges of 144 – 150, equally strong buy signals. And at the current pace, it’s unlikely that Monero would lose its momentum. A glance at its chart indicates that there’s still the upside of the curve forming, which indicates a buy period.

Coupled with an RSI of 59, which is far below overbought, it’s easy to detect that XMR is one of the best cryptos to buy now. However, it may be a best buy for a short-term investment. Trading Moenro on the longest may backfire as there is still resistance around the $161 price point that may force the price down and it may trigger protracted value loss.

Another development around crypto is the drop in trading volume. While the price is climbing, its trading volume went down by 10%. The decrease in trading volume may have stemmed from a lack of holders’ interest in selling as there are signals of continued growth in price. This still attests to the fact that the coin might be vulnerable to the $161 resistance.

5. Ecoterra (ECOTERRA)

Ecoterra, the environmental revolution project has surpassed $5.2 million in presale funding and is headed for the $5.5 million market. According to its pre-sale page, it should hit that value in less than 6 days. The project that’s out to combat the environmental crisis on our planet is forging ahead with encouragement from the community of presale investors.

🚀 Exciting news: ecoterra has reached another milestone, surpassing the $5,250,000 mark! 🎉

🌍 Together, we are making a real impact on the environment and paving the way for a sustainable future 💚

Join the ecoterra movement today 🌱https://t.co/1fYkPOsPYG #DeFi #EcoCrypto… pic.twitter.com/QfUZnlpKeO

— ecoterra (@ecoterraio) June 22, 2023

The platform is still preparing for its app demo, according to a post on its official Twitter handle. It has encouraged its community of followers to ready bottles for the demo exercise. The platform works by rewarding users for recycling solid wastes like bottles and fabric. It also brings organizations involved in recycling on board. It rewards every participant in cryptocurrencies, predominantly ECOTERRA, which is the native currency of the platform.

Investors should watch out for this revolutionary platform. It has what it takes to shoot to the forefront of the ongoing sustainable environment debate. At the moment, the coin sells for $0.00925 at presale price and is on its way to $0.1 in 5 days. Buying now means getting it at a very discounted price before it attains its listing price.

Visite Ecoterra presale.