Best Crypto to Buy Now June 22 - Conflux, Cardano, Wall Street Memes

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Since our previous update on the best crypto to buy now, the global coin market boasts of a 2.7% increase, bringing the value to $1.17 in the last 24 hours. Similarly, the daily trading volume went up by 14.55% with a value of $59.03B. Defi makes up 6.26% of the trading volume.

Crypto liquidation is on the rise as the market has recorded over $228.8 million liquidated. That figure is the report for the liquidation in the last 24 hours affecting 58,000+ traders. Bitcoin leads the pack with over $110 million in liquidated value. This is coming against the backdrop of an improving trend in the market.

Global Crypto Market Cap

Despite the SEC’s decision to label BTC, ETH, and other major altcoins as securities, the coin has continued to progress resiliently. Bitcoin for example went against pessimistic prediction and crossed the $30k mark in the last 24 hours.

Best Crypto to Buy Now

Even though Bitcoin continues to rake in immense gains in the market over the past 24 hours, we’ve dropped it from our list. Other coins are raking in double figures percentages that investors may add to their list of best crypto to buy now. For example, conflux has embarked on price action that’s added over 24% to its value. Similarly, in crypto presale, Wall Street Meme is showing so much progress that has brought its presale funds to over $9.2 million value in less than 30 days. Read on for a quick update on coins that are making immense gains in the last 24 hours.

1. Conflux (CFX)

After a ten-day price consolidation, CFX may be going on a rally. The Chinese crypto came into the limelight earlier this year after it announced its partnership with china telecom. However, it was sad that the anticipated explosion didn’t materialize. The reality around the crypto led to a massive dump which pushed the price from $0.44 high to as low as $0.18 in less than two months. Coupled with the crypto crisis of early June, CFX has struggled to regain its momentum.

Undoubtedly, Conflux might be the best crypto to buy now. The story around conflux price might be changing gradually as the price of CFX embarked on an upward trend a few days back. Looking at its technical indicators, its RSI (14) remains below 60, virtually all the moving averages of Conflux are in the ranges of 0.19 – 0.25. This value indicates buy signals.

As of today, the price of CFX has gone up by 19% and the coin prints $0.25. The reason for the price rise is not far-fetched. With the rising need for speed and cost-cutting in the crypto sector, the Conflux network and other layer-1 blockchains in its category come in handy. It has been regarded as the Ethereum of China. With the rising adoption of crypto across China and the proposed Chinese stablecoin, the days of CFX glory might be returning. Investors should keep an eye on the coin for the long-term and short-term alike.

2. Cardano (ADA)

Cardano gained over 8% price increase in the last 24 hours. Like most altcoins, the coin began price consolidating after falling from a high of $0.38 to below $0.24, a fall that drained over 30% of its value. The bull gained the upper hand and forced the price to stabilize for about 5 days. The wake of Bitcoin recovery seems to influence the price of ADA as well.

The coin began a progressive ascension that seems to tend towards its $0.38 resistance. At this point, it’s difficult to predict if the coin has gathered enough momentum to push it above the resistance.

The pressure on the resistance is mostly coming from whale actions as investors seem to have acquired over 200 million ADA tokens in the last three days. The price actions may have started a purchase ripple in the market that’s sending the price on an upward trend. Now may be a good time to buy into the coin as the price is still on the upward path.

According to its indicators, 20-day SMAs and 20 days EMAs of Cardano are in the range of 0.28 – 0.29, while its 200-days and 100-day SMAs and EMAs are quite on the high side. As expected, ADA might only be the best crypto to buy for traders thinking of a short-term buy-in. The price might fall in the coming days due to the $0.38 resistance. Therefore, buyers should approach Cardano with much care and have a deeper look at its price movement.

3. Polygon (MATIC)

Polygon Labs has been listed as one of Time’s 100 most influential companies in 2023. While this may not affect the company’s bottom line, it could boost public confidence in the brand.

Polygon Labs was included on @TIME‘s list of the 100 Most Influential Companies of 2023. We are incredibly proud & want to share this moment with you.

The value layer of the internet is coming, and it’s time for the community to shine.#TIME100Companies https://t.co/1u3ytKqpdE pic.twitter.com/Vf6UqiRcka

— Polygon (Labs) (@0xPolygonLabs) June 21, 2023

Looking at the price action of MATIC in the past 24 hours, it is easy to spot the price movement as a result of the recognition. Besides being listed among Times’ most influential companies, Polygon also made major progress in the past few days. It launched the AI dAPP called Copilot.

The team behind Copilot drew inspiration from the popular chatGPT. The app is tailored toward providing insights and assistance within the polygon network. The design is based on the GPT-4 language model. It is quite early to gauge the impact of the development on the price of MATIC. However, there are obvious signs that it is already influencing the public perception of the platform.

For example, barely 24 hours after the launch of Copilot, Matic gained over a 7% increase in value. A look at its indicator shows that it is the first of many increases to come in the days ahead. MATIC RSI (14) returns a value of 44, which indicates that the market is tending toward the oversold signal. While its 10-day SMA and EMA are in the range of 0.62 and 0.65. Possibly, MATIC may be the best crypto to buy now, especially for the short term.

4. Chainlink (LINK)

The month has not been too gentle with the LINK token as the bear market shaved off over 13% of its value. The price of the coin went from $6.6 to $5.0 in about 6 days. However, the drop in value stalled after a few activities emerged around the coins. It saw a brief consolidation and began an upward trend that’s continued for over 48 hours now. In the last 24 hours, the coin gained over 5%.

The growth is a result of many developments around the network. First came the announcement of a partnership between Chainlink, Swift, and other financial institutions. The aim is to spark a new phase of value unlocking and liquidity, which may bring about the NFTfi season.

The partnership may begin a trend that would see private blockchains being integrated into the existing banking structures. Chainlink is a decentralized oracle network that is properly positioned to make this happen. In Addition, the platform announced its Q2 update which must have sparked the recent surge in activity across the network. The resultant effect is seen in the price of the token.

5. Wall Street Memes (WSM)

Can Wall Street Memes achieve 9.9 million in 26 hours? According to its website, WSM has only 26 hours to go from 9.2 million to 9.9 million. While this may look like an impossible goal to achieve, it’s not coming as a surprise since the coin has done a lot more than that in less than 3 weeks. It reached over 5 million in less than 14 days. With such a progress record, it’s quite easy to assume WSM may have surpassed its target by the end of the day.

What are Wall Street Memes about? As a quick overview, Wall Street Memes is a community of nonconformists who believe that everyone who dreams of becoming wealthy should be granted a chance. In the pursuit of this belief, a community has been formed with the WSM token as the seal of their belief in the power of a community to create wealth. Therefore, the Wall Street Memes are creating a platform for these communities to interact and interface together. The token, WSM, serves as the currency of the community and it’s also used as the governing standard.

Nonetheless, the value of WSM is determined by the community as the coin does not have any form of utility besides being the identity of the platform. Invariably, WSM is regarded as a Memecoin. Wall Street meme has amassed 230 thousand followers on Twitter and a growing number of believers are buying into its presale launch. Meme investors should take a look at crypto as it has the potential to become one of the best memecoin launches of recent times.