Best Crypto to Buy Now June 26 – Notcoin, Ethereum Name Services, Pepe
Major cryptos are quietly consolidating within recent ranges as traders keep their powder dry ahead of major risk events/volatility expected later in the week, with traders instead turning to smaller altcoins as they hunt for the best crypto to buy now.
Bitcoin (BTC) and Ethereum (ETH) were flat in the respective $62,000 and $3,400 regions.
US Core PCE inflation data is set for release on Friday. This data will be closely watched by macro investors as they assess the likelihood of a September interest rate cut from the Fed.
Quarterly option expiries are also likely to trigger substantial volatility on Friday.
$6 billion in BTC options and $3 billion in ETH options are rolling off on leading derivatives exchange Deribit.
In the meantime, traders will continue to monitor German government BTC wallet movements, narratives such as Mt Gox and miner selling. These are themes that have weighed on the market in recent days.
But traders will be hoping that, with BTC having recently bounced from its 200DMA, a rebound could be coming. Support in the $60,000 has been very strong in recent months.
Source: TradingView / BTCUSDEthereum could also bounce back to recent highs if upcoming Ethereum ETF launches attract stronger-than-expected demand.
Bitwise thinks that Ethereum ETFs could attract $15 billion in demand in their first 18 months.
With both of these major cryptos substantially down from recent highs, either could be the best crypto to buy now.
Both could still post gains in the 2-3x region this bull market. But some investors will be hunting bigger upside.
They will be turning to smaller and lesser-known altcoins that are much riskier, but could post faster gains.
Here are some top performers on Wednesday that they will be watching and could be the best crypto to buy now .
Best Crypto to Buy Now
Notcoin (NOT)
Newly launched TON blockchain-based play-to-earn token Notcoin (NOT) is leading the market on Wednesday.
As per CoinMarketCap , NOT is up 9% in the past 24 hours and is threatening a breakout from a bullish pennant.
A convincing break to the north of the $0.018 area could kickstart a pushback to record highs.
Source: TradingView / NOTUSDWith a still small market cap of $1.61 billion, NOT has plenty of room left for growth.
Ethereum Name Service (ENS)
Ethereum Name Service (ENS), the popular Ethereum wallet name-changing service, is showing bullish signals, leading the pack with a 6% surge over the past 24 hours.
Despite this recent uptick, ENS remains trading within a longer-term pennant pattern, as seen on CoinMarketCap.
Source: TradingView / ENSUSDThis consolidation below the critical $30 resistance level suggests that buying pressure is mounting.
A decisive break above this level could trigger a price surge, potentially propelling ENS 4-5x higher to new all-time highs.
Source: TradingView / ENSUSDGiven the technical setup and the importance of the $30 resistance zone, ENS presents a compelling opportunity for traders.
Pepe (PEPE)
Up 5% in the past 24 hours per CoinMarketCap , Pepe (PEPE) is looking like it has strong bullish momentum.
PEPE, last at $0.000012, just broke a short-term downtrend and could soon retest record highs above $0.000017.
With the Ethereum ETF launch around the corner, some think meme season could return.
And Pepe, a household name at this point, could be a major beneficiary. That’s why it could be the best crypto to buy now.
Crypto Alternative to Consider – Crypto Presales
The above-noted coins all have the potential to 10x this bull market.
But for investors hunting for bigger returns, an alternative investment strategy to consider is presale investing.
New web3 projects often sell their native tokens at a big discount to early investors to fund development.
Presale investing is risky, as all investing in crypto is. But if investors can reliably identify high-potential projects, they stand to net massive gains.
Analysts at Cryptonews.com keep a close eye on the presale market. Here are some of their top picks right now.
14 Best Crypto Presales to Invest In Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget futures PnL analysis upgraded
Bitget has enhanced its futures PnL analysis to help users better track their trading performance and PnL over specific periods. The upgraded tool features two components: account analysis and trade analysis. How to access PnL analysis? App: Futures account assets > Today's PnL Website: Futures acc
Celsius Begins Second Distribution of $127 Million to Eligible Creditors
Tether-backed Northern Data receives acquisition offer for its crypto mining unit