Best Crypto to Buy Now June 21 - Woo Network, Launchpad XYZ, Pepe

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The crypto market is finally getting into the recovery trend. Since our last best crypto to buy now updates, we’ve seen immense gains in the market. Surprisingly, some coins are recording a double-digit percentage rise in price over the last 24 hours.

Similarly, the Combined global market cap is up by 5.77 % with a value of $1.13T. The daily trading volume also increased by 74%, pegged at $50.69 billion. DeFi still overs around 6% of total crypto daily trading volume with a value of $3.11 billion. Stablecoins constituted 94.34% of the total crypto market in the last 24 hours. Still in the same vein, Bitcoin continued to gain dominance in the market with a 49.43% dominance and a 0.98% increase in its price over the last 24 hours.

Total Crypto Market Cap

Best Crypto to Buy Now

Will Bitcoin become the best crypto to buy now? There are speculations that BTC may be ready to embark on an upward trend that would bring its price upwards of $30k. However, we’re not reviewing Bitcoin in this update. There are some crypto you may want to keep an eye on in the coming weeks and we’ve highlighted them below. Also, watch the presale we’ve included as it also seems to have what it takes to hit the ground running.

1. Woo Network (WOO)

Woo Network, like every other crypto asset, lost a good margin of its value in the bear market early in the month. The price of WOO tokens went from a high of $0.24 to as low as $0.16 in ten days. Despite the price consolidation, WOO experienced between the 12th and 14th of the month, the bull could not hold the front as the price even dipped further from the 13ththe to the 14th of the month.

Hoover, the price seemed to be gaining ground following the announcement that the network is working on the WOO X 2.0, the coin seemed to find support at the $0.166 region and began pushing against the $0.19 resistance. It finally consolidated its price and began an upward rally that might bring the price back to 10-day days high of $0.24. Without a doubt, WOO is at a discounted price now and might be the best crypto to buy at this time.

To give you an overview, the WOO X 2.0 upgrade is focused on providing the best service to readers, having the best trade execution at lower fees and the tightest spreads. It is also working to ensure that transparency is at its best. The upgrade is coming in response to demands from users who want new york to ensure there are levels of certainties around fees rather than the inconsistent spread experienced by traders.

Already, the upgrade is reflected in the price actions on the WOO chart. With the increased utility, there’s the likelihood of increased demand for the WOO tokens. Investors should watch this coin as a lot is unfolding around at the moment.

2. Pepe (PEPE)

Even though it appears as if the Memecoins season is finally over, Pepe is not slowing down. PEPE, indeed, experienced some downward trend along with the market a few days back, but it has since picked up pace. Is PEPE the best crypto to buy now? The price of PEPE coin shot up by over 15% over the last 24 hours and that’s not the first time in the last 7 days.

Is it time to sell or buy PEPE tokens? Looking at its indicators, the RSI over 14 periods shows it is still in the buy range. The majority of PEPE tokens’ moving averages also return figures in the ranges of 0.00000094 to 0.000000107, which indicates that it’s still safe to buy.

Nonetheless, the volatile nature of the PEPE token makes it highly unpredictable. Merely looking at the chart pattern over the last 30 days, shows that Pepe is notorious for incessant price movement. Surprisingly, it moves over a wide price range within a short time frame. There are scarcely times when PEPE consolidates over a period.

However, the uniqueness of the recent price movement is that it’s coming amid a massive drop in the value of the coin. PEPE lost 78% of its value in May alone. And in less than 30 days, the number of Unique addresses in the network is getting close to 120k. Investors should watch the PEPE token as it may break into new highs over the coming weeks.

3. Litecoin (LTC)

As the Litecoin network braces up for the coming halving, there’s been a surge in activities across the network. With the date slated for August of this year, the halving is expected to bring the block reward down to 6.25 LTC. With the halving, it becomes more difficult to pump a new supply of LTC into the market therefore, the price would invariably go up.

The halving takes place every four years with the last one in August of 2019. According to information shared on its Twitter handle, there’s been an increase of over 28% in address registration as the network heads towards the halving event.

Litecoin active addresses saw a 28% 7-day increase & new addresses saw a 54.6% 7-day increase! 🚀

Daily Active Users (DAUs) on the Litecoin network has witnessed a substantial 8.86% surge! – @intotheblock pic.twitter.com/SOaRujhsf4

— Litecoin (@litecoin) June 19, 2023

Looking at the price chart of the coin, it’s easy to identify that the periods leading to the halving bring about a disproportionate jump in price and the succeeding periods bring about a massive dump.

Consequently, the market is responding to the probability of a price jump in the coming weeks. Over the last 24 hours, the price of LTC jumped by 8%. That’s not the first jump of the week. The price seemed to consolidate in the latter part of last week before embarking on an upward trend in the last 7 days. Over the coming weeks, it’s likely to see the LTC mounting new supports as the network prepares for the Having event.

Given the growth pace of the coin in the past few days, LTC may be the best coin to buy crypto right now. As the coin continues to test its $82 and $85 resistance, investors should watch out for the potential rally which could push the coin even far above $100 in the coming days. Nonetheless, the recent regulatory uncertainties across the crypto market should be taken into account when making decisions about LTC.

4. Bitcoin Cash (BCH)

Is Bitcoin Cash finally recovering? BTC has been in bad shape for most of its existence. The coin has lost over 76% of its value since its launch. However, it began moving in a positive trend in 2021 when its price reached over $1500. The sudden rise in value was quickly followed by a sudden crash that has since brought the price of BCH to as low as $127.41.

Despite the price performance, one outstanding thing about BCH is its performance during the crypto market fluctuations early in the month. While most tokens are nose-dived, BCH maintained a flat trend. However, it has embarked on an upward gain reaching over 20% in the last 24 hours. The gains have pushed the price of the coin into new highs that make up for the loss so far. But, it’s yet to make up for the loss it’s accrued since its launch.

At its current pace, investors should keep an eye on BCH as it might become the best crypto to buy in the coming days. Another surprising growth experienced by BCH is its 24-hour trading volume that’s gone up by nearly 460% in 24 hours.

What’s fuelling its sudden growth of BTC value you may ask. Speculations have it that the growth came as a result of protocol upgrades. However, other speculations assume that investors may have noticed its resilience against the recent crisis and leveraged the coin to hedge their bet.

5. Launchpad XYZ (LPX)

Launchpad XYZ is on a mission to build a web3 infrastructure that humanizes the web3 for everyday people. In its solutions, the project is putting together a curated portal that provides insights into the best blockchain-based projects. The goal is to make it easy for users to have access to several Web3 opportunities. On its website, it states that the platform is working towards becoming a home of the web3 movement, and it’s taking active steps in that direction.

Launchpad XYZ launched its presale a few weeks back, and shortly after its presale launch, it raised over a million dollars. Besides raising such funds, the project has also seen immense growth in its supporter base over the same period.

Now may be the best time to join the presale as LPX still sells at a $0.0445 presale price. In the coming days, the price will jump to $0.046 and will keep growing till it is listed on various exchanges. It is best to buy now before the price gets floated on the market.

Visit Launchpad XYZ presale.