Best Cryptocurrencies to Invest in Right Now, June 1 – Core, BNB, Monero

adminJune 1, 2024

join us telegram A channel to stay up to date on breaking news coverage

In this article Cryptocurrency with promising potential This product is for traders looking for investment opportunities. We analyze various digital assets that demonstrate growth potential and profitability.

The altcoin market is preparing for explosive growth. As investors anticipate a bullish trend, there is significant interest in identifying currencies that can generate significant returns. This analysis examines which cryptocurrencies are poised for potentially strong performance, providing valuable insight for those looking to capitalize on the upcoming uptrend.

The best cryptocurrency to invest in right now

As these cryptocurrencies show promising signs, investors are keenly watching their trajectory. Monero has seen a steady increase in market performance recently, surging 2.57% in the last 24 hours. Meanwhile, Chiliz attracted the attention of cryptocurrency investors with a significant price increase of 28.33% in one week. Likewise, the 99BTC token received significant attention, raising over $1.8 million in token pre-sales.

1. CORE

Core is a blockchain project that aims to support the development of Web3, an iteration of the Internet where users retain control over their digital assets and data. It seeks to facilitate a new type of dApp by combining the power of the Ethereum virtual machine with the strong security provided by the Bitcoin mining network.

The platform introduces a new consensus mechanism called Satoshi Plus, which combines elements of Proof of Work (PoW) and Delegated Proof of Stake (DPoS) protocols. This hybrid approach provides a highly secure, scalable, and efficient blockchain network.

CORE price chart

Additionally, the platform’s token, CORE, serves as the base layer that drives value, governance, and usability within the ecosystem. The current token price is $1.95, up slightly by 1.59% over the last 24 hours.

Market sentiment is currently trending optimistic, with the Fear and Greed Index sitting at 72 (greed). The 14-day relative strength index (RSI) is 55.23, indicating a neutral stance with the possibility of sideways trading.

increase #CoreIgnitionDrop Spark by interacting with eligible core dApps 🔥
Connect to the core chain, participate in campaigns and explore. Each interaction can increase your spark 🏆
Get started at https://t.co/wWFLVnYNjc. pic.twitter.com/K98YRRR8pu
— Core DAO 🔶 (@Coredao_Org) May 30, 2024

Core is also trading well above its 200-day SMA ($0.703124), showing strong fundamentals and community support. Analysts expect the average average price of Core to reach $8.88 by the end of the year, depending on project cooperation and market trends.

2. 99 Bitcoin (99BTC)

99Bitcoin We aim to educate individuals globally about blockchain technology and cryptocurrency trading through innovative monetization models. The introduction of the 99BTC token received significant attention, with the token pre-sale raising over $1.8 million.

learning #Cryptocurrency It’s great, but it takes valuable time. How about earning it? #Cryptocurrency While learning? 🧠💡#99Bitcoin I would like to change it. #Learn2Space space forever. 🚀
Join now! 👉 https://t.co/PCa9FjhMqT#99Bitcoin #Ticketing #L2E #BTC pic.twitter.com/db0H1lSI1S
— 99Bitcoins (@99BitcoinsHQ) May 25, 2024

Additionally, the platform operates to reward users with 99 BTC upon completion of a training course. Encourages participation in learning modules, potentially improving users’ understanding of cryptocurrency.

The enthusiastic response to the pre-sale suggests significant interest in the token’s future performance. Analysts are also speculating about the potential for significant appreciation in value following launch. The project aims to build a cross-chain bridge with a transition plan. 99BTC From ERC-20 tokens to Bitcoin’s BRC-20 standard.

Additionally, the project’s $99,999 BTC airdrop campaign generated considerable interest. Early adopters will receive a portion of the prize pool. Airdrop winner selection is scheduled for July 19, 2024.

Visit 99Bitcoins Presale

3. BNB

BNB, originally an ERC-20 token on Ethereum, transitioned to Binance Chain to optimize its utility within the Binance ecosystem. As a utility token, BNB facilitates fee payments and provides various platform services on the Binance exchange. It also serves as a means of participating in token sales through Binance Launchpad, enabling investment in emerging blockchain ventures.

Additionally, BNB holders can participate in token sales on the Binance Launchpad platform, providing investment opportunities in new blockchain projects launched on Binance. BNB is also supported by numerous third-party wallets and applications, giving users a variety of options for storing and utilizing their holdings.

BNB price chart

The sentiment of the token leans bullish, in line with the greed sentiment of the Fear and Greed indices. It is trading at $596.13, reflecting a 0.16% price increase over the last 24 hours. The 14-day relative strength index (RSI) is hovering around 54.91, suggesting a neutral stance with a potential sideways move.

🛠️ Find a RaaS provider and build your custom layer 2 blockchain with fully EVM-compatible and product-grade rollups on BNB Smart Chain (Layer 1). https://t.co/K5SItcWOMf pic.twitter.com/6VxMjZ1Rf5
— BNB Chain (@BNBCHAIN) May 31, 2024

BNB is trading 39.40% above its 200-day simple moving average (SMA) of $427.54, showing positive performance compared to the initial token sale price. Additionally, increased integration with third-party wallets and applications improves accessibility and usability for users.

4. Monero (XMR)

Monero is a cryptocurrency known for its focus on privacy and anonymity in transactions. Unlike traditional cryptocurrencies such as Bitcoin, Monero aims to obscure both sender and receiver, making it nearly impossible to trace transactions to individuals.

The platform’s underlying technology leverages advanced encryption to achieve this level of privacy. When users send Monero, the transaction details are encrypted, making it impossible to track who sent or received the funds.

This focus on privacy makes Monero an attractive option for those who value financial anonymity. Journalists, whistleblowers, and investigators often use Monero to protect their identities when sending or receiving funds.

XMR price chart

Monero has seen a steady price rise in recent market performance. Over the past 24 hours, the price has risen slightly by 2.57%, trading at around $150.73 at the time of writing.

Looking at long-term trends, Monero has shown consistent upward momentum, with its price rising 20.05% over the past month and over 6% over the past week. It also remains slightly above the 200-day simple moving average (SMA), indicating a positive trend in price action.

Additionally, XMR’s focus on privacy and its recent excellent price-performance ratio make it an interesting option for investors looking for a cryptocurrency that prioritizes anonymity in transactions. However, as with all investments, it is important to conduct thorough research and consider potential risks before making a decision.

5. Chiliz (CHZ)

Chiliz recently caught the attention of cryptocurrency investors with a significant price increase of 28.33% in just one week. CHZ reached a two-month high above $0.15, making it the third-biggest gainer among the top 100 cryptocurrencies by market cap.

This surge can be attributed to the upcoming UEFA European Championship, which will be held from June 14 to July 14. Additionally, CHZ is the primary currency used on Socios.com, a platform that creates fan tokens for various sports teams.

CHZ price chart

These Fan Tokens foster interaction between fans and their favorite teams, and their value is closely tied to fan passion and engagement. CHZ is currently trading at $0.1523, up 5.02% intraday. Sentiment on the Chiliz price prediction remains optimistic, with the Fear and Greed Index showing a level of 72, reflecting the state of greed among investors.

Grant Opportunity Alert! 🚨
Think you have what it takes to build a new feature or dApp. @azuroprotocol Should we release it on the Chiliz chain? 🌶️
If so, here’s your grant. Apply now ⬇️https://t.co/8gyW9SKHi0#ChilizChain ⚡️ $CHZ pic.twitter.com/Ih3jmjFlT3
— Chiliz ($CHZ) – Sports Blockchain ⚽🏆 (@Chiliz) May 29, 2024

Additionally, the token trades above its 200-day simple moving average and has experienced 15 green days in the last 30 days. Additionally, CHZ has high liquidity relative to its market capitalization.

Chiliz’s recent performance may be due to increased interest and activity on Socios.com, especially as major sporting events approach. The platform’s unique model of engaging sports fans through Fan Tokens has contributed to growing demand for CHZ, further supported by positive market sentiment and favorable technical indicators.