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Below are the 5 best cryptocurrencies to buy in June 2022.
June this year has begun with cryptocurrencies in a bear market. The cryptocurrency industry as a whole is down $1 trillion since the start of 2022. With prices stabilizing after the May crypto crash it's likely that June could be the best time to buy crypto for many months to come.
The prices of major cryptocurrencies like Bitcoin and Ethereum are at their lowest levels in over a year. Meanwhile altcoins Cardano and BNB have strong growth potential, and newcomer EverGrow Coin is most primed for entering the crypto top 50 this 2022.
EverGrow Coin has paid over $37 million in BUSD reflections since launching in September last year.
The EverGrow Coin reflections are financed by a 14% transaction tax, with 8% redistributed in the Binance-pegged USD stablecoin every few hours. This scalable mechanism allows digital wallets holding EverGrow Coin to accrue crypto passive income without you lifting a finger.
While many reflection tokens sprung up last year, EverGrow Coin was one of the first to incorporate stablecoin reflections as well as send 2% of the 14% tax towards buyback and burn. To date close to 53% of the initial EGC supply has been permanently removed from circulation.
The current EverGrow Coin price is $0.0000002084.
Cardano (ADA) is known as the most academically rigorous blockchain in the crypto industry.
Updates to the Cardano network go through rounds of peer review, with papers published outlining intended developments. This helps Cardano foresee potential problems while providing a robust ecosystem for dApp developers and businesses to use the Cardano blockchain for their own needs.
Cardano has a huge range of use cases from education certificates to agriculture to national identification systems. Its native token ADA is trading at a price of $0.5861 and is 10% down in price in the past week.
Cardano (ADA) has not seen such low prices since early 2021. This makes June 2022 a great time to buy Cardano, one of the best cryptocurrencies to buy right now.
Ethereum is well established as the second-largest cryptocurrency by market cap.
While many challenges have vowed to outcompete with Ethereum, the network remains the largest offering smart contracts and dApp development. To date, thanks to backing the world's largest NFT marketplace, the Ethereum network has generated more than $27 billion in all-time sales volume – the largest in crypto.
Ethereum is trading at a price of $1,765. This is the lowest Ethereum price since early 2021.
With a planned upgrade to Ethereum's consensus mechanism coming soon (called The Merge), the network will soon enjoy drastically reduced fees. This makes Ethereum one of the best cryptocurrencies to buy in June 2022.
Bitcoin is trading at a price of $29,590 today.
Bitcoin has not fallen to below $30,000 since July last year and has not been at the low $29,000 range since late 2020.
The Bitcoin price 20-week SMA is up over $37,000 while the 200-day SMA is as high as $41,500.
Bitcoin's RSI on a weekly view is down at 33% – these indicators suggest Bitcoin is likely to rise in price in the future and hence is one of the best cryptocurrencies to buy in June 2022.
Binance is the world's largest crypto exchange by daily trading volume (currently $63 billion).
BNB is the native token of Binance and powers the crypto exchange while offering reduced fees for investors holding BNB in their Binance wallets.
BNB is the fifth-largest cryptocurrency in the world by market cap ($46 billion) and well ahead of its closest competitor, Cardano ($19.8 billion market cap).
The BNB price is currently $284. These are prices not seen since summer last year. In the intervening months, BNB rose to over $650 through its all-time high of $691 came in May last year. The strength of the Binance ecosystem makes BNB one of the best cryptocurrencies to buy in June 2022.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
