Best Crypto to Buy Now June 26 - Monero, Deelance, Injective

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Since our last update of the best crypto to buy now, many of the best-performing crypto assets have undergone a value drain. Bitcoin for example is yet to decide its direction even after it gained over 16% value in 7 days. Nonetheless However, some new assets are picking up steam and may ascend to the top of the chart in the coming months.

The global crypto market is not printing impressive figures as many of its metrics are on the downward path. The crypto market cap is down by 1.5% with a value of $1.18T. Training volume has plunged by nearly 6%, also with a value of $32.53 billion. DeFi continues on its path and makes up 9% of daily trading volume, although that’s 1% below its value yesterday. Bitcoin dominance may be plummeting as it is now back to 49.88%.

Global Crypto Market Cap Chart

Best Crypto to Buy Now

As the crypto market continues to oscillate wildly between highs and lows, many assets that gained some value in the past week are beginning to yield their gains. The bulk of the drain comes from the pressure mounted by the bears. What are the best cryptos to buy now? Highlighted below are some of the best assets we’ve found. Some of these assets are printing high gains in trading volume and price. Investors should keep an eye on them for the short and long run.

1. Monero (XMR)

Monero started its bullish front a few days ago when it moved from $137 to $152 in just three days. That’s nearly a 10% gain in 3 days, however, the growth continued until the end of last week with XMR printing as much as 20% in the last 7 days. Still on its growth path, SMR continues to gain additional value as its price has climbed by 2% in the last 24 hours bringing its price to $165. That’s nearly $28 above its price point about 8 days ago.

Where is the price of XMR going? While it’s difficult to effectively predict the outcome of the upward trend, Monero’s technical indicator signals a range of data. Currently, the RSI (14) indicates a 76 which tends towards overbought. However, all moving averages indicate buying signals as they are within the regions of $146 to $152.

The only question that needs to be answered is if Monero can keep its upward trend for the foreseeable weeks. While it’s tempting to predict that it’s possible, performance across the board shows otherwise. Today alone, the crypto market cap is down 1.5%, and the trading volume went down by almost 8%. The chance of an isolated Monero outperforming the market in the short term is quite slim. However, Monero is poised to do well in the long run. Given its trend and the activities around its network. It could be the best crypto to buy now, especially for the long term.

2. Deelance (DLANCE)

The immense debate about the future of remote work and the advent of the metaverse creates a need to rethink freelancing and employment processes. The established freelancing platforms have underperformed in recent times, leading to immense irregularities in the industry. Many freelancers don’t often get what their job’s worth. Worse still, employers can’t effectively secure the right to the jobs they pay for because some freelancers often claim ownership even after getting paid for the job.

Deelance is out to solve this problem. The blockchain-based platform is working towards revolutionizing the billion-dollar freelancing industry. Deelance is a decentralized freelancing platform that redefines the collaboration between freelancers and their clients. It creates a market-controlled system where recruitment and rewards are in the power of the users.

In its solution, it provides better monitoring interfaces, tracking interfaces, project management interfaces, communication channels, and secured payment channels for clients and freelancers. What’s more is that all the aforementioned is controlled by the users, through the decentralized autonomous organization (DAO) system integrated into the platform.

📢 Calling all DeeLancers! 🚀 Support $DLANCE on Daomaker now!

Steps:

✅Connect your digital wallet (#Metamask or #TrustWallet).
✅Sign in on DAOmaker.
✅Vote for Deelance – Your voting power depends on your wallet’s asset value.
✅Level up your score by completing additional… pic.twitter.com/B1e8nwAfU0

— DeeLance (@deelance_com) June 24, 2023

At the moment, Deelance is making remarkable strides in its sales. It headed towards its $1.5 million presale funds in the days ahead. Investors are invited to join the presale which offers the native token of the platform, DLANCE, for as low as $0.043. With the immense value offered by the platform, it’s predictable that this token would climb buy multiple times upon listing.

The listing price is set for $0.057, and in another 19 days, the price would increase to $0.048. It’s only a matter of time before the coin attains its listing price. Now is the best time for investors to get on board and be a part of the history that changes how the next generation of employers and freelancers interact.

Visite Deelance presale.

3. Arbitrum (ARB)

Arbitrum has not had the best YTD price so far as it has lost over 90% of its value over the year. The coin started well in the early part of the year. However, the recent crisis that hit the market drained most of its gains and quickly plunged into a protracted stay in the red zone. Nonetheless, the Value of ARB has seen consistent improvement in the past week, which pushed its price closer to its 30-day high. In the past 7 days alone, the value of ARB increased by 14%.

Exciting to see @syndrhq as the first DeFi Orbit Chain in the ecosystem! 🪐💙🧡

In partnership with @calderaxyz, built with #ArbitrumOrbit and security rooted on @ethereum. https://t.co/8Q5aH2r1GY

— Arbitrum (💙,🧡) (@arbitrum) June 23, 2023

The bulk of the gains recorded by the asset comes from its recent releases. Four days ago, it announced the release of a new layer 3 platform including the Arbitrum Orbit. The project has attracted partners like Syndr who are now working towards leveraging the Arbitrum Orbit to scale up DeFi activities across the chain. The recent developments have raised the hope of investors, and demand has followed suit. In the last 24 hours, ARB trading volume went up by 32%.

The newly released Arbitrum Orbit is hopefully going to open an entirely new market segment to the platform. Niches such as NFTs, Gaming, Social platforms, and others may begin to come on board the ecosystem. It’s too early to say that Arbitrum and other coins in its category are the best cryptos to buy now. However, it’s making giant strides that would push the coin to the frontline in the future. It’s best to keep a close eye on its progress.

4. Injective (INJ)

Injective, which has given investors over 400% returns YTD suddenly plunged into the red zone in the past few days. The value of the coin went from a high of $7.1 to as low as $5.4 in less than two days. Unfortunately, it continued in this price range until recently when it embarked on an upward trend.

In the last 7 days alone, it added over 21% to its value, bringing the price of INJ to $7.30. What’s more, is that it’s been trading in this price range for over 3 days now. What’s left to ascertain is whether it’s going to break beyond the price point or plunge back to its $6.84 support.

In the last 24 hours, INJ continues to make gains with its gain reaching up to 3%. It’s also seeing an increase in its trading volume which has gone up by 18%. Is Injective the best coin to buy now? The answer depends on the investment goals. For short-term hedging, INJ may not be the best option as many of its moving averages return sell signals.

However, its 100-day and 200-day EMA returns a value in the range of 5.3. However, the RSI (14) is at 42, returning a neutral. In the meantime, Injective prices may drop in the coming days, as the pressure from the bears increases. However, it’ll still regain its trend as the activities across the network indicate impending demands, especially in the DeFi sector.

5. Stacks (STX)

Will Stacks be able to keep its gains in the weeks ahead? Stacks started its price movement a few days ago after it struggled to come out of the bear market. As a result of its current upward trend, it has since printed over a 32% increase in its value. Surprisingly, it is not the first time Stacks is doing well in the market. This year alone, it has added up to 76% to its value, despite the bear market of early June. At its current pace, it might close the year far higher than it opened. For one, Stacks was rated the second biggest gainer of the past week after Pepe.

Even though the price of Stacks currently ranges around the $0.7 mark, it’s still grossly underpriced compared to what it was a few months ago. Investors can still take a long time to view Stacks. If it keeps most of its gains over the next few weeks, STX will automatically become the best crypto to buy now.

Generally, most cryptocurrencies are churning the values they’ve acquired in the last 7 days as the market continues to fluctuate across the board. Nonetheless, STX has held on to most of its price.