Top Cryptocurrencies to Invest in Today June 13 – Livepeer, Notcoin, Toncoin
Cryptocurrency markets are experiencing consolidation on Thursday after a volatile session on Wednesday impacted by US CPI data and a Fed policy announcement. Traders are now turning to altcoins markets in search of the best cryptocurrencies to invest in for potential quick gains.
A softer US CPI report caused Bitcoin (BTC) to briefly reach $70,000 as expectations for a Fed rate cut increased. However, these expectations were tempered by the Fed’s policy announcement, indicating only one rate cut in 2024 compared to expectations for three cuts in March. This led to Bitcoin dropping back to the $67,000 range before recovering to around $68,000. Ethereum (ETH) was also above $3,500, while other major altcoins like Solana (SOL), Dogecoin (DOGE), XRP (XRP), and Cardano (ADA) were at multi-week lows.
Despite the potential for Bitcoin to rally following softer-than-expected CPI releases, it remains within a $60,000-$70,000 range with no breakout in sight. However, there are bullish factors on the horizon, such as Fed rate cuts, a possible Trump US Presidential election win, and an easing of miner sell pressure post-halving.
For those seeking larger gains this bull market, smaller altcoins like Livepeer (LPT), Notcoin (NOT), and Toncoin (TON) may be worth considering. Livepeer, a decentralized video streaming network, has seen a 13% increase in the past 24 hours and has the potential for significant gains. Notcoin, a play-to-earn TON network-based gaming token, is up 7% and shows room for growth. Toncoin is also performing well, up 7% in the past 24 hours and trading around $7.50.
While these altcoins offer the potential for gains, meme coin markets may provide even higher returns for risk-tolerant traders. Analysts recommend keeping an eye on the meme coin market for new trends and opportunities for substantial gains.
In conclusion, the best cryptocurrencies to invest in today are Livepeer, Notcoin, and Toncoin, with potential for significant growth in the current market conditions. Follow us on Google News for more updates on the cryptocurrency market.
