Top Crypto Picks for June 25 – Brett, Dogwifhat, Pepe
Investors are looking for the best crypto to buy today as major cryptocurrencies recover from Monday’s market slump led by Bitcoin (BTC). BTC, currently priced in the $61,000s, is experiencing a rebound after hitting lows of around $58,500. Traders are considering the potential sell pressure from Mt Gox creditor repayments, which are set to begin in July. However, some believe that this won’t have as much of an impact as feared, indicating a possible Bitcoin-led market recovery. On the other hand, there are speculations that Bitcoin’s struggles may be due to tightening liquidity behind the scenes, suggesting that it may struggle to break through the low-$60,000s. This uncertainty makes Bitcoin less attractive as a crypto investment at the moment. However, long-term investors see this dip in the market as an opportunity to accumulate.
One alternative to consider is Ethereum (ETH), which could potentially be the best crypto to buy now. VanEck has filed an 8-A form for its spot Ethereum ETF, indicating that ETFs may go live as early as July 2. While analysts at Bernstein believe that the Ethereum ETF launch may underperform, they anticipate a better regulatory regime for Ether and other cryptocurrencies as the US election approaches, with pro-crypto Republicans likely to win. Currently, ETH is trading just below $3,400, down nearly 15% from its highs in May. However, if there is a surge in demand for ETH due to the ETF launch in July, it could present a buying opportunity for investors. With the growing adoption of Ethereum, it has the potential to achieve 3-5x gains in the coming years.
For investors seeking larger gains, smaller and lesser-known altcoins are worth considering, despite being riskier and less liquid. Some of the top-performing coins on Tuesday include Brett (BRETT), Dogwifhat (WIF), and Pepe (PEPE). Brett, a leading Base meme coin, has gained 25% and is only down 15% from its record highs in June. With a market cap of around $1.6 billion, Brett has considerable room for growth in the current bull market and could potentially become a $10 billion-plus coin. WIF, a Solana meme coin, has also performed well, rising by around 22% in the past 24 hours. With a market cap of $2 billion, there is still significant growth potential for WIF. Pepe, an Ethereum meme coin, has increased by 18% and has broken a downtrend, indicating a possible return to its yearly record levels. These meme coins offer the potential for significant gains in this bull market.
For investors looking for even greater upside, getting into a coin early is crucial. This can be achieved through presales, which allow investors to buy promising coins before they gain traction. However, presales come with their own risks, like any investment in crypto. Therefore, it is essential to closely monitor the presale market. Cryptonews.com provides insights into three presales that their in-house analyst is currently watching.
Disclaimer: Crypto is a high-risk asset class, and this article is for informational purposes only and does not constitute investment advice. It is important to be aware of the potential loss of capital when investing in cryptocurrencies.