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Best Cryptocurrencies to Invest in Right Now June 16 – Ethena, Celestia, Internet Computer

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Find out the best cryptocurrencies to invest in today. Discover their unique features, market trends, and growth potential in the volatile crypto market.

The crypto market has seen strong bearish price action over the past week, reflecting increased negative sentiment. Major crypto tokens have faced significant corrections, adding to the uncertainty about future price movements. However, some altcoins have shown notable price activity, with many tokens experiencing significant volatility. This suggests that investors are increasingly interested in these tokens to maximize profits.

Best Cryptocurrencies to Invest in Right Now

This article examines the promising futures of some of these notable tokens, highlighting their growth potential and market trends. According to the latest data, TIA is trading at $7.98, reflecting a 4.37% increase over the past 24 hours. Ethena’s price has also risen, showing a recent increase of 2.31%. 

Additionally, the platform has announced the integration of Symbiotic with LayerZero’s Decentralized Verifier Network (DVN) framework on the X platform. Meanwhile, Internet Computer has launched the ICP Education Hub, a new platform that provides various learning resources for users of all skill levels.

1. Meta Games Coin (MGC)

Meta Games Coin operates on the Binance Smart Chain (BSC), utilizing the BEP20 standard. Furthermore, the platform aims to create an ecosystem where gamers can engage in various games and activities while earning rewards through the MGC tokens. 

This approach taps into the merging of digital assets and gaming, offering participants incentives to interact within the platform. At press time, the token is valued at $0.2808, reflecting an increase of 0.10% over the past hour and an intraday surge of 25.44%.

MGC Price Chart

Moreover, MGC has seen a total trading volume of $2,455,171 in the last 24 hours. In the broader market, altcoins similar to MGC have increased significantly over the past week, indicating the positive sentiment towards MGC’s future price movements. 

This trend reflects the potential of MGC but also its investment potential. Investors interested in Meta Games Coin should consider its integration within the Binance Smart Chain, facilitating faster and more cost-effective transactions.

2. Ethena (ENA)

Ethena is a digital dollar platform built on Ethereum, providing a cryptocurrency-based alternative to traditional banking systems. The platform aims to offer a globally accessible, dollar-denominated savings tool termed the ‘Internet Bond.’ This tool operates independently of conventional banking infrastructure.

Furthermore, Ethena’s price has steadily increased, recently adding 2.31%. Year-to-date, it boasts a return of 10.20%, with a 14.22% rise in the past 30 days. The platform’s high liquidity is evident from its market cap.  

ENA Price Chart

Over the last 30 days, Ethena experienced 17 green days, accounting for 57% of this period. Additionally, Ethena recently announced the integration of Symbiotic with LayerZero’s Decentralized Verifier Network (DVN) framework on the X platform. 

This integration allows Ethena assets, such as $USDe, to be transported cross-chain and secured by staked ENA. This development is the first of several pieces within the Ethena infrastructure and upcoming chain to leverage security from staked ENA. Full details on the forthcoming staking pools and a broader ENA tokenomics and staking update will be released on June 17.

3. 99Bitcoins (99BTC)

The 99Bitcoins presale has drawn significant interest from the crypto community, focusing on an ecosystem for educating people about digital assets. According to its whitepaper, the platform provides access to premium courses, expert trading signals, and community channels.

The platform features a “Learn-to-Earn” model, rewarding users for learning about digital assets. Participants can earn the 99BTC tokens in their Ethereum wallets by engaging with educational content and the community. This approach can boost engagement with learning modules, enhancing users’ knowledge about crypto.

Furthermore, 99Bitcoins is integrated with the BRC-20 protocol, enabling the platform to use the Bitcoin blockchain. This integration offers users the security benefits of the Bitcoin blockchain while exploring new applications. 

The presale has raised over $2.2 million, showing substantial investor interest. Additionally, 99Bitcoins launched a crypto airdrop, distributing $99,000 worth of Bitcoin (BTC) throughout the campaign.

With each token priced at $0.00109, 99BTC presents an affordable entry point for those interested in cryptocurrency education and incentivized learning. Investors have 33 hours before the next price increase to consider participating in the presale.

Visit 99Bitcoins Presale

4. Internet Computer (ICP)

Internet Computer is a decentralized network that offers an alternative to traditional cloud services. It enables data centers globally to collaborate, fostering a decentralized ecosystem for web3 applications like social media, enterprise tools, gaming, and virtual reality. 

At its core are smart contracts called canisters, which execute applications efficiently and cost-effectively using web assembly code and memory pages stored on-chain. Recently, Internet Computer launched the ICP Education Hub, a platform offering diverse learning resources catering to all skill levels. 

ICP Price Chart

It features courses, articles, and tutorials covering topics such as smart contracts and blockchain technology. In terms of market performance, ICP’s trading volume has risen in duo with its circulating supply, which has increased marginally. 

As of the latest update, ICP is trading at $9.37. Over the past year, the coin has seen substantial growth of 136.17%, yet it remains significantly below its all-time high of $700.65, reached in May 2021.

Nonetheless, the 14-day Relative Strength Index (RSI) is 52.64, indicating a neutral stance with potential for sideways movement. Despite its price volatility, the project’s market valuation and different projects spanning DeFi, NFTs, gaming, social media, and the metaverse position the token as one of the best tokens to consider buying.

5. Celestia (TIA)

Celestia is a forward-thinking cryptocurrency project focused on building a modular consensus and data availability layer. This framework is a foundational structure for decentralized applications, aiming to enhance efficiency and security. 

Furthermore, the platform is known for separating consensus from execution, improving blockchain development’s scalability and flexibility. In addition, Celestia is a modular blockchain network that offers developers the necessary infrastructure to create and maintain blockchains. 

Its flexibility allows other blockchains to integrate Celestia as a layer for data availability and consensus. As of the latest data, TIA is changing hands at $7.98, marking a 4.37% increase in the past 24 hours. 

TIA Price Chart

Market sentiment towards Celestia’s price prediction is currently bullish, supported by a Fear & Greed Index showing a value of 71 (Greed). The 14-day Relative Strength Index (RSI) is at 50.74, indicating a neutral stance and potential sideways trading in the near term.

Additionally, Celestia’s trading price is significantly higher (239,603.01%) than its 200-day Simple Moving Average (SMA) of $0.003332, suggesting robust market performance relative to its long-term average. The coin also maintains high liquidity based on its market capitalization.

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