Best Crypto to Buy Now June 24 - KAVA, Wall Street Memes, Near Protocol

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The value of major cryptocurrencies is on the rise. Bitcoin, Ethereum, and other altcoins have increased by not less than 7% in the last 3 days. However, some assets are printing double-digit percentage increases in value. We covered some of these cryptocurrencies in our last update of the best crypto to buy now. Notwithstanding, there are new gainers in the market. What’s even more interesting is that some of the gainers are on their way to becoming the next winning cryptocurrency.

However, in the meantime, let’s quickly review the performance of cryptocurrencies across the board. The global coin market cap increased by 1.64%, bringing the value to $1.19T. The total volume traded over the last 24 hours also increased by 32.86%, amounting to $46.7B. Defi constitutes 6% of the crypto market volume in 24 hours, with a value of $3 billion.

Best Crypto to Buy Now

Today’s update covers assets from a wide range of categories. As usual, this article features listed cryptocurrencies and presales that are on explosive tracks. Given the current pace of wall street memes, it’s critical to name it as one of the best cryptos to buy now.

1. Bitcoin Cash (BCH)

Are we going to see BCH reach $1000 this year? Some traders have envisaged that the BCH might return to its days as a thousand-dollar crypto. This assumption is coming against the recent growth in the value of the coin. In the last 7 days alone, the cryptocurrency has gained over a 78% increase in its price. What’s even more surprising is that the growth is not slowing down. In the last 24 hours, BCH has added over 33% in price and over 450% in trading volume. Not only that, its market cap has gone up by 32%. It’s currently one of the biggest gainers in the market in the last 24 hours.

Generally, there is a value increase across the crypto market. This week, we saw Bitcoin BTC jump from 26k to 30k in less than three days. But we’ve also seen its growth drop from over 7% daily to less than 2%. However, in the case of BCH, the gains have continued over the past 7 days, increasing almost 10% daily. Generally, BCH is one of the best cryptos to buy now, as seen from its performance over the week. But before jumping to a conclusion, it’s best to look at BCH charts to identify where the price is going.

At the moment, the RSI falls above 70. It indicates that the asset is currently overbought and might begin to decline in its value in the coming days, especially as it approaches the $214 resistance. On the other hand, its moving averages indicate that the market is still quite optimistic about the coin, and the price would still climb further in the short term. The best time to buy is now for both the short and long term. In the short term, investors can hedge their gains with the asset, and in the long term, there are chances that the coin will break the $200+ resistance.

2. Litecoin (LTC)

As LTC halving draws closer, we may now be seeing the much-anticipated gains. Past data shows that the price of LTC goes up by multiple percent in the months preceding its Halving. For example, the 2015 halving took the coin’s price from $1.6 in June to $4.7 in August. Similarly, the 2019 halving saw a pump in price that reached almost $141 in June-July. However, surprises surround the LTC this year as the coin finds it hard to break beyond its recent high of $102.

🚀⏳ Get ready for a major event in the world of #Litecoin! ⛏️✨

The imminent halving is just around the corner🌙💥 Brace yourselves for potential market impact as @litecoin enters a new phase📈🔥

https://t.co/9YzlDUYPq1 #TheNewsCrypto #LitecoinHalving

— TheNewsCrypto (@The_NewsCrypto) June 23, 2023

Despite the struggles of Litecoin, things might gradually be turning around as the coin has maintained a consistent upward trend in the last three days. The trend has added a total of 17% to its value. With only 5 weeks to the August halving, it might as well be the beginning of the protracted upward trend. Looking at the chart pattern of the asset, LTC may be the best crypto to buy now. What’s equally surprising is that LTC is gaining an increase in its market cap, which went up by 5%, and its trading volume saw an increase of 76%.

LTC has done considerably better than the majority of cryptos in the past 3 days. While major cryptocurrencies added an average of 7% to 8% to their values, LTC is approaching a 20% gain. At its current pace, it might be a good buy. At the moment, LTC works best for short-term traders and long-term investors as the coin may face intense resistance at the $200 – $220 price points.

3. NEAR Protocol (NEAR)

As of today, NEAR has added another 6% to its already growing value. What started as a sudden spike in value earlier this week has transformed into a trend as the coin added 13% to its value in the last 7 days. What’s interesting is that the NEAR has been testing its $1.6 resistance for most of the week and might be bracing for a breakout. If a breakout occurs, the price might be headed for $1.8 or even $2.0 before succumbing to pressure from the bears. Investors looking for ways to hedge their gains should look into NEAR because it might be the best crypto to buy now.

Furthermore, the progress of NEAR is strengthened by its new alliance with Skoda in the proposed development of Skodaverse. The project aims at developing NFTs for the Skoda brand. The brand believes that the initiative will help its brand reach younger customers and open up new categories of buyers for its product.

With NEAR at the heart of the project and the sheer popularity of the market in India, NEAR is positioned for price gains. The news would influence the perception of investors about the coin, thereby increasing the number of long-term investors in the coin. Investors should consider NEAR for a medium to long-term strategy. Currently, crypto is gaining ground, and its price is relatively discounted, compared to its potential.

4. Kava (KAVA)

Will KAVA break through the $1.1 resistance? The crypto asset has not been performing well recently, especially for most of this month, having endured more days of red than green. It has endured over 19 days of red. However, the story of the falling coin might be changing, as seen from its chart.

KAVA embarked on an upward trend at the beginning of the week and has continued steadily till now. For over three days now, KAVA has been trading around the $1.0 region. The pressure from the bear seems strongest around the $0.9 price point. Nonetheless, KAVA has managed to break through as of this morning and is headed for the $1.1 mark. With the decision of Tether to choose KAVA as its gateway for the cosmos, there is a high chance that the perceived value of KAVA will hit a new high and the price will head for the regions above the $1.1 mark.

However, investors should take a short-term view of the coin. The gains will likely face more resistance at the $1.2 to $1.4 regions. In the meantime, KAVA is the best crypto to buy now, especially for short-term hedging.

5. Wall Street Memes (WSM)

Wall Street Memes finally crossed into the double-digit million dollars after it raised $10 million in presale funds. The coin is on its way to raising another $10.8 million. According to its presale page, it might achieve that in less than 48 hours. What’s unique about WSM is its ability to raise followers, supporters, and presale investors. Within 4 weeks of the presale, the coin has grown its Twitter handle to over 235k followers.

One of the main drivers of its growth is the perspective it brings to the memcoins category. While most projects focus on developing utility alone, Wall Street Memes takes a different approach. It reaches deeper into the sentiment of its followers and creates a sense of belonging for people who are already averse to the strategies applied on wall street.

The community is working towards creating a movement that empowers its members to create wealth. At its current pace, WSM may be on its way to revolutionizing how people invest and how they view the crypto market or stock market.

Visite Wall Street Memes presale.

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