Top Crypto Picks for June 20 – Ethereum, Fetch.ai, SingularityNET
The cryptocurrency market is experiencing a surge of bullish momentum, prompting traders to search for the best crypto options for potential gains. While major cryptocurrencies like Bitcoin and Ethereum have remained relatively stable in the past 24 hours, with Bitcoin hovering just below $65,000 and Ethereum trading above $3,500, investors are looking for opportunities to maximize their profits quickly.
Bitcoin, despite facing resistance at its 50DMA in the mid-$66,000s, continues to hold strong narratives that make it an attractive investment option. Factors such as potential Fed rate cuts, the upcoming US Presidential elections, and reduced supply growth following the halving in 2024 all contribute to Bitcoin’s long-term prospects. However, technical indicators suggest a possible drop to $60,000, making it less appealing for those seeking fast gains.
On the other hand, Ethereum presents a more promising opportunity. With Ethereum comfortably above its 50DMA in the $3,400s, the launch of US spot Ethereum ETFs in July could generate a surge in demand and potentially push the price to new record highs. Furthermore, the SEC’s lenient stance towards Ethereum, including the conclusion of its investigation into Ethereum 2.0, adds to the positive narrative surrounding the cryptocurrency. Investors can currently accumulate ETH in the $3,500s, making it a strong contender for the best crypto to buy now.
In addition to Ethereum, two AI-focused cryptocurrencies, Fetch.ai (FET) and SingularityNET (AGIX), have gained significant traction. CoinMarketCap reports that both coins have increased by approximately 20% in the past 24 hours. Fetch.ai operates as a decentralized machine learning platform, while SingularityNET serves as a decentralized marketplace for AI services. The two platforms, along with Ocean Protocol, are set to merge on July 15 under the new token name Artificial Superintelligence Alliance (ASI). The excitement surrounding this development could potentially drive these AI coins to new heights.
Moreover, investors should keep an eye on emerging meme coins in the AI sector. Cryptonews highlights one particular AI meme coin called Wiener AI (WAI) as having significant potential. As AI continues to dominate the crypto market, meme coins in this niche could experience a surge in popularity.
It’s important to note that cryptocurrency investments come with high risks. This article is provided for informational purposes only and should not be considered as investment advice. Capital loss is possible, and investors should exercise caution when making financial decisions.