Top Cryptocurrencies to Invest in Now on June 13 – Livepeer, Notcoin, Toncoin
As major cryptocurrencies stabilize on Thursday following a volatile Wednesday session affected by US CPI data and a Fed policy announcement, traders are exploring altcoins markets to find the top cryptocurrencies to invest in now that could yield quick profits.
A softer-than-anticipated US CPI report briefly propelled Bitcoin (BTC) back up to $70,000 as expectations for a Fed rate cut increased. However, these expectations were tempered by the Fed policy announcement, with policymakers now only expecting one rate cut in 2024 compared to three expected earlier in the year.
Bitcoin saw a decline to the $67,000s before recovering to around $68,000, while Ethereum (ETH) remained just above $3,500. Other major altcoins like Solana (SOL), Dogecoin (DOGE), XRP (XRP), and Cardano (ADA) were at multi-week lows.
Despite Bitcoin’s stagnant price range, analysts remain optimistic about its future potential due to upcoming bullish factors such as Fed rate cuts, a potential Trump US Presidential election win, and a post-halving reduction in miner sell pressure.
For traders seeking greater gains during this bull market, smaller and lesser-known altcoins may be a better option. Here are some top performers on Thursday that could be the best cryptocurrencies to invest in now.
Livepeer (LPT)
Livepeer, a decentralized video streaming network, has seen a 13% increase in the past 24 hours, with the potential to reach its 2024 highs around $27. With a market cap of around $800 million, LPT has room for significant growth, making it a promising investment option.
Notcoin (NOT)
Notcoin, a play-to-earn TON network-based gaming token, has increased by 7% in the past 24 hours and is currently priced at $0.017. With a market cap of $1.8 billion, NOT has the potential for further growth, making it an attractive investment opportunity.
Toncoin (TON)
Toncoin bucks the trend among major altcoins and is experiencing a pump on Thursday. Trading at around $7.50, TON has the potential to continue its bullish momentum and may be a top cryptocurrency to invest in now.
While these altcoins offer solid gains, for traders seeking higher returns of 50-100x, meme coin markets are worth exploring. Established meme coins like Dogecoin and Shiba Inu have large market caps and may not provide significant upside. Analysts recommend keeping an eye on the meme coin market for new opportunities.
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