Best Crypto to Buy Now June 6 – Wormhole, Flare, JasmyCoin

Explore what experts are saying about the best crypto to buy now, focusing on long-term potential and recent market trends in the blockchain space. Image by cryptonews.com.

As Bitcoin (BTC) struggles to advance amid elevated sell pressure as it nears a retest of its all-time/yearly highs and other major cryptos languish below recent peaks, traders hunting for the best crypto to buy now are turning to smaller, lesser-known altcoins in the hope of quick gains.

As focus turns to Friday’s official US labor market data, Bitcoin is trading roughly flat on the day near $71,000.

Bitcoin is struggling below recent highs, the pressure could be building for a big breakout. Source: TradingView

Macro has been a tailwind for the market recently. Recent jobs and US inflation data have supported the narrative that the US economy continues cooling off.

That’s weighed on US bond yields and the US dollar as confidence increases that Fed rate cuts are coming soon.

That has also supported risk appetite in the stock and crypto markets. And crypto traders can also point to other bullish narratives.

Bitcoin ETF demand has improved substantially in recent days. The regulatory environment in the USA is improving in wake of the SEC’s spot Ethereum ETF approvals .

And ex-US President Donald Trump’s rising likelihood of election success later this year is another tailwind.

Standard Chartered predicted Bitcoin could hit $150,000 if Trump wins the presidency later in the year.

So, despite the price still struggling below yearly highs, Bitcoin could still be the best crypto to buy today.

Other major cryptos like Ethereum (ETH) and BNB (BNB) are also strong candidates for best crypto to buy now .

ETH remains around 20% down from its record highs, despite ETF approvals. A coming wave of institutional investment could substantially lift its price going forward.

BNB, meanwhile, just vaulted to new record highs above $700. In the crypto world, a breakout to new record highs is often the start of a big push higher.

That said, the aforementioned coins will struggle to muster more than 3x gains this bull market.

That’s why some traders instead flock to smaller and lesser-known altcoins .

Here are some top performers that might be the best crypto to buy now .

Best Crypto to Buy Now

Wormhole (W)

Investors monitoring altcoins markets for which crypto to invest in on Thursday should check out Wormhole (W).

Wormhole is the top-performing coin in the top 100 by market cap on Monday, as per CoinMarketCap .

W was last up 6% in 24 hours and is probing multi-week highs around $0.70.

Wormhole is a multi-chain protocol that facilitates the movement of assets and data between blockchains.

The new crypto recently broke back above its 21 and 50DMAs, suggesting bulls are gaining control of the market.

If it can break above $0.70 resistance, a quick rally back to May highs around $0.85 is possible.

A quick 2.5x back to record highs above $1.60 is also possible if major cryptos break out.

Flare (FLR)

Data-focused layer-1 blockchain Flare (FLR) was last still up over 6% on Thursday, making it one of the best crypto to buy now.

FLR was last just over $0.030, having hit $0.3250 earlier in the day. Indeed, FLR broke above its 50DMA on Thursday.

The bulls appear to have regained control of the market. If major cryptos break out, a quick push to $0.055 is very likely.

The prospect of potential quick gains makes FLR one of the best crypto to buy today.

If Flare can quickly pump back to $0.055, it could be the best crypto to buy now. Source: TradingView

JasmyCoin (JASMY)

Decentralized Internet of Things (IoT) protocol JasmyCoin (JASMY) is rallying again, up 4% in 24 hours .

Last at $0.0396, JASMY is now up well over 10x from its 2023 lows of around $0.003.

However, according to CoinMarketCap , JASMY is still down around 99% from its all-time high price of late 2021.

That suggests it’s still very early to get back into the coin, assuming it continues to pump with the broader market. JASMY is thus a candidate for the best crypto to buy today.

Alternative Investment Strategy to Consider – Presales

If traders can reliably identify altcoin gems, they can make a lot of money.

But the over-looked strategy of investing in presales can potentially net even higher gains if done correctly.

Web3 projects/protocols often sell their native tokens at a discount to early investors to fund development.

If investors can reliably identify projects that, thanks to their strong vision, use case and competent team, end up gaining traction in the market, they can make big profits.

Knowing where to start is one of the biggest barriers to entry in the daunting presale market.

That’s why Cryptonews put together a list of their top picks.

20 Best Crypto Presales to Invest In

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.