Top Cryptocurrencies to Consider Buying on June 14 – Notcoin, Uniswap, Toncoin
As major cryptocurrencies hover near recent lows, traders are exploring the altcoin market for the best cryptocurrencies to invest in now.
Bitcoin (BTC) is currently trading close to $67,000, just above its 50DMA and near multi-week lows. Ethereum (ETH) is sitting below $3,500 and testing its 50DMA, with a potential drop back to $3,000 in the cards. Solana (SOL) is looking at a drop towards $120 support from its current levels just under $150.
Analysts have pointed out that increased sell pressure from Bitcoin miners and long-term holders is impacting the market. CryptoQuant founder Ki Young Ju highlighted a recent decline in the Bitcoin mining network’s hash rate, potentially indicating miner capitulation. This has led to an increase in miner pool transfers and OTC desk sales.
Despite the market conditions, with US equities at record highs and US yields trending lower, cryptocurrencies are not expected to see significant further declines. Investors seeking to capitalize on the recent market dip are now searching for the best cryptocurrencies to buy.
Here are some top-performing altcoins that could be worth considering for quick gains:
Notcoin (NOT): Notcoin has seen a 15% increase in the past 24 hours, rising to $0.020 per coin. The TON network-based Telegram play-to-earn game is aiming for a retest of its record highs near $0.030, potentially offering a quick 50% rally.
Uniswap (UNI): Leading DEX Uniswap (UNI) has surged 6% in the past 24 hours. With its price just below $10.60, UNI is eyeing a test of recent highs around $12, possibly paving the way for a push towards yearly highs near $17. UNI offers the potential for quick gains of up to 60%.
Toncoin (TON): Toncoin, affiliated with Telegram and powering the TON network, has shown strong bullish momentum. Currently ranked as the 9th largest crypto by market cap, TON has surged to new record highs above $8.0. Breaking above a medium-term pennant structure, TON could soon hit $10, offering investors a potential 25% gain.
While the above-mentioned coins present opportunities for quick gains, investors with a higher risk appetite may want to explore presales. New web3 projects often raise funds through the sale of their native tokens, offering the potential for significant returns if the project succeeds.
Please note that investing in cryptocurrency is high-risk, and this article is for informational purposes only and not investment advice. Capital loss is possible.
