June 6 Best cryptocurrencies to invest in now – VeChain, GameStop, Pyth Network

adminJune 7, 2024

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VeChain has partnered with automotive giant Tesla. This means that cryptocurrencies have become more relevant. Meanwhile, VeChain has enjoyed market gains, reflecting positive sentiment among market participants. At the same time, investors continue to search for other related tokens to earn significant returns. In this article, we analyze some of these options that are catching the eye of traders and investors.

The best cryptocurrencies to invest in right now

VeChain recently collaborated with WoV Labs to strengthen digital ownership for SNOB Non Per Tutti magazine readers. Meanwhile, Base Dawgz launched presales yesterday and quickly raised more than $300,000 in its ICO. Additionally, the price of Pyth Network is $0.4774, up 2.49% in the last 24 hours.

1. VeChain (VET)

VeChain recently collaborated with WoV Labs to strengthen digital ownership for SNOB Non Per Tutti magazine readers. This partnership leverages VeChain’s advanced tools and integrates WoV Labs’ digital passport, allowing readers to seamlessly access exclusive benefits without prior knowledge of blockchain technology or web3 tools.

Introducing this new communication hub is an important step towards a unique engagement model for magazine readers. We aim to provide customized promotions and content. The announcement sparked investor discussion, highlighting VeChain’s potential impact on market performance.

VET price chart

As of press time, the price of VeChain (VET) is $0.03517, up slightly by 0.16% during the day. It is trading 0.21% above its 200-day simple moving average (SMA) of $0.035097.

great update from @VeChainStats Team – Check it out at https://t.co/grYAM7EJV8! $VET https://t.co/E0XMUhR4wC
– VeChain (@vechainofficial) June 5, 2024

VeChain’s price prediction sentiment remains bearish. However, the fear and greed index is 78, indicating excessive greed in the market. The 14-day relative strength index (RSI) stands at 49.40, indicating a neutral stance and suggesting that the cryptocurrency may continue trading sideways.

The innovative aspects of the WoV Labs partnership have fueled speculation about VeChain’s market impact. Investors are keenly watching how this collaboration will impact VET’s performance in the coming weeks.

2. Bass Dogz (DAWGZ)

bass dogs It launched pre-sales yesterday and quickly raised more than $300,000 in its ICO. The token capitalizes on the popularity of the dog theme seen in many successful meme coins. The project aims to create a decentralized platform that facilitates seamless interaction and transactions across multiple blockchains.

Additionally, the token is known for its interoperability across multiple chains, including Base, Ethereum, Polygon, Avalanche, Solana, and BNB Chain. This feature allows users to switch between networks without any fees.

After the pre-sale, token holders can stake DAWGZ to earn more tokens over time. The staking process provides variable returns. Additionally, Base Dawgz includes a share-yield utility and staking rewards will be introduced in the future.

Base, the blockchain on which this project is based, has a market cap exceeding $2 billion despite being relatively new. According to the project website, the pre-sale price of DAWGZ will increase by 5% at each stage over a four-day period. This structure encourages early purchasing.

The project also helps users easily navigate and interact with different blockchains. By providing interoperability and staking rewards, bass dogs We aim to improve user experience in the decentralized finance space.

Visit Base Dawgz

3. Mantle (MNT)

Mantle Network recently announced a collaboration with Dune, a prominent data analytics platform focused on making blockchain data accessible to everyone. This partnership supports Mantle’s goal of building a transparent and robust DeFi ecosystem.

Dune is a community-driven platform where users can share queries and dashboards to foster collaboration and shared insights. Users can access a wide range of public queries and dashboards to easily find relevant data and insights. Mantle Network integration gives Dune users access to more comprehensive data.

MNT price chart

This enables analysis of the Mantle Network’s on-chain metrics and improves understanding of blockchain activity. MNT coin is currently trading between $0.95 and $1.03, with some fluctuations observed over a short period of time. Despite falling 2.46% over the past month, the coin has remained relatively stable, failing to break above the key resistance level of $1.09 or the support level of $0.92.

‘s new project @MetaCeneGame An ecosystem will soon begin in the mantle. Don’t miss it @xMetaCene_!
These minigames offer great rewards for completing simple tasks while having fun.
follow @0xMantle and @xMetaCene_ Want more meta updates! pic.twitter.com/xJUldr8igj
— Mantle (@0xMantle) June 6, 2024

Over the past six months, the coin has seen a significant increase of 64.06%, indicating long-term growth. Additionally, the price of Mantle Coin stands at $1.033959 at press time, up 5.99% over the past 24 hours. Market sentiment for Mantle is bullish, with a Fear and Greed Index of 78, indicating extreme greed.

The 14-day relative strength index (RSI) is 63.96, indicating that the token is currently neutral and capable of trading sideways. Additionally, Mantle shows high liquidity based on market capitalization.

4. PYTH Network (PYTH)

The price of Pyth Network is $0.4774, up 2.49% in the last 24 hours. Last week, it showed a significant rise of 14.31%. However, the coin has lost 13.22% in value over the past month.

Despite this recent decline, Pyth Network has shown significant overall growth of 22.32% over the past six months, indicating a positive trajectory. Current sentiment analysis is very encouraging and suggests an optimistic outlook for Pyth Network.

This is consistent with a Fear and Greed Index of 78, which indicates extreme greed in the market. Especially in the early stages of the bull market rally, PYTH made significant gains, with the price exceeding $1. Market experts predict that if the current positive trend continues, this price range is likely to be tested again, further boosting investor confidence.

PYTH price chart

Investors may find PYTH an interesting addition to their watchlist. It appears to be on the way to a turnaround, presenting a good time for investment. Additionally, PYTH has observed a notable increase in trading volume relative to the broader market movement.

Analysis of the 14-day relative strength index (RSI) at 51.94 indicates that PYTH is in a neutral trend. The token boasts high liquidity with a trading volume to market cap ratio of 0.1780 and a market capitalization of $1.61 billion.

5. GameStop (GME)

GameStop’s recent performance has garnered a lot of attention in the cryptocurrency market. The coin is currently trading within a range of $0.0088 to $0.0096. Last week it soared by 247.01%. Last month, it soared by 1995.03%. These dramatic rises indicate impulsive movements in the market.

GME price chart

Analyzing trading volume using Santiment data, we see noticeable spikes. On June 3, trading volume surged from about $19 million to more than $490 million, the highest in several years. This increase suggests increased trading activity and interest.

Current sentiment towards GameStop is bullish, reflecting optimism among traders and investors. The sudden surge in trading volume and price increase make meme coins more volatile. These movements are often driven by market sentiment and speculative trading rather than fundamental values.