Top Cryptocurrencies to Purchase on June 6 Wormhole Flare JasmyCoin

Top Cryptocurrencies to Invest in Now – Wormhole, Flare, JasmyCoin
Joel Frank
Last updated:
June 6, 2024 15:57 EDT
|
3 min read
Discover expert opinions on the top cryptocurrencies to invest in now, focusing on long-term potential and recent trends in the blockchain industry. Image by cryptonews.com.
With Bitcoin (BTC) facing challenges as it approaches a retest of its all-time highs and other major cryptocurrencies remaining stagnant, investors looking for the best cryptocurrencies to invest in are turning to smaller, lesser-known altcoins in search of quick profits.
As attention shifts to Friday’s official US labor market data,
Bitcoin
is trading steady near $71,000.
Despite struggling to surpass recent highs, Bitcoin could still be the top cryptocurrency to invest in today.
Other major cryptocurrencies like
Ethereum
(ETH) and
BNB
(BNB) are also attractive options for
investing in cryptocurrency now
.
ETH is currently around 20% below its peak, despite ETF approvals. An upcoming wave of institutional investments could significantly boost its price in the future.
BNB, on the other hand, recently reached new all-time highs above $700. In the cryptocurrency realm, breaking to new highs often signals the beginning of a significant uptrend.
However, these coins may struggle to achieve more than 3x gains during this bull market. This is why some investors are turning to smaller, lesser-known
altcoins
.
Here are some top performers that could be the
best cryptocurrencies to invest in now
.
Top Cryptocurrencies to Invest in Now
Wormhole (W)
Investors eyeing the altcoin market for investment opportunities should consider Wormhole (W).
Wormhole is the top-performing coin in the top 100 by market cap, according to
CoinMarketCap
.
Currently up 6% in the last 24 hours, Wormhole is trading near multi-week highs around $0.70.
As a multi-chain protocol facilitating asset and data transfers between blockchains, Wormhole is showing signs of bullish momentum, breaking above its 21 and 50DMAs.
If it breaks resistance at $0.70, a rapid rally back to May highs around $0.85 is possible. A quick return to record highs above $1.60 is also on the cards if major cryptocurrencies break out.
Flare (FLR)
Data-centric layer-1 blockchain Flare (FLR) is up over 6% on Thursday, making it one of the top cryptocurrencies to invest in now.
Trading just above $0.030, FLR recently broke above its 50DMA, signaling a bullish trend.
With the potential for quick gains, FLR is a strong contender for the best cryptocurrency to invest in today.
JasmyCoin (JASMY)
Decentralized Internet of Things (IoT) protocol JasmyCoin (JASMY) is on the rise again,
with a 4% increase in the last 24 hours
.
Currently priced at $0.0396, JASMY has surged over 10x from its 2023 lows.
Although still down around 99% from its all-time high in late 2021, JASMY remains a promising candidate for the best cryptocurrency to invest in now.
Consider an Alternative Investment Strategy – Presales
Investing in presales can potentially yield higher returns for investors who can identify promising altcoin projects.
Web3
projects often offer their native tokens at a discounted rate to early backers to raise funds for development.
By selecting projects with a strong vision, use case, and competent team that gain traction in the market, investors can capitalize on significant profits.
Identifying the right projects is crucial when navigating the presale market, which can be challenging for newcomers.
To assist investors, Cryptonews has compiled a list of their top picks.
20 Best Cryptocurrency Presales to Invest In
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. Investors should be aware of the potential loss of all capital.