Crypto Prices Explode With Cool CPI, FOMC Next – Best Altcoins To Buy Now

Best Crypto to Buy Now June 12 – Brett, Injective, JasmyCoin / Source: Cryptonews

As Bitcoin (BTC) looks to retest the $70,000 mark in the wake of data showing that the US labor market softened more than expected in May, traders are now scouting altcoin markets for the best crypto to buy for quick gains.

The Federal Open Market Committee (FOMC) has decided to keep the federal funds rate between 5.25% and 5.50%.

Additionally, the quarterly Summary of Economic Projections (SEP) , otherwise known as the dot plot, revealed that the Fed now sees one quarter-point cut before year-end, down from the three cuts the FOMC had previously forecasted in March.

The central bank may signal a more hawkish outlook amid sticky inflation and a strong job market. The news follows a soft May CPI report and rate cuts by the European Central Bank and the Bank of Canada.

Overall, the latest data has helped boost market confidence, following indications that the Fed will not cut interest rates until September.

That could be the needed catalyst to send Bitcoin back above $73,000 towards $100,000.

Chart analysis certainly suggests a likelihood of more upside, with Bitcoin crossing its 520 DMA in recent sessions, which could make Bitcoin one of the best crypto to buy now.

Major cryptos sent mixed signals on Wednesday. ETH, DOGE, SHIB, AVAX, and LINK rose modestly over 24 hours. Our BNB price prediction is still on track, with the asset’s price slightly lower.

Nevertheless, some strong-performing altcoins might be the best crypto to buy now.

Best Crypto to Buy Today

Notcoin (NOT)

Notcoin (NOT) is one of the best crypto to buy today. NOT is the first ever memecoin on the Ton blockchain, which began as a taping game on Telegram and has left the crypto market stunned with both its launch and recent price action

As per Coinmarketcap data , NOT was up nearly 20% in 24 hours, making it a top performer.

Now trading at $0.018, NOT will be looking to surpass its all-time high, currently 36.7% away, after rebounding over 300% 10 days ago. The token’s momentum is likely to continue until it sets a new all-time high.

NOT has exceeded expectations since it was listed for trading on May 15, skyrocketing 330% since May 24.

With its current market cap of $1.88 billion, it implies there could still be plenty of upside left to rally, with market sentiments expecting it to reach $1 per coin. This is one big reason why NOT could be the best crypto to buy today. You can read our Notcoin price prediction for detailed analysis .

Pepe (PEPE)

Pepe (PEPE), a popular Ethereum meme token created as a Tribute to the internet Frog named Pepe, seems ready for another leg-up.

As per Coinmarketcap, PEPE’s price rose almost 10% in the past 24 hours, earning it a spot among the top gainers.

Now trading at $0.00001349, PEPE is eyeing a challenge to reclaim its all-time high, which is currently 22% away from the current price. The crypto’s momentum is likely to continue until it sets a new all-time high, as explained in our Pepe price prediction .

Pepe has been one of the best-performing cryptos in the world since its launch in May 2023. It’s up 1408.24% since June 2023.

But its current market cap of $5.68 billion implies there could be plenty of upside still to come. That’s why PEPE could be the best crypto to buy today.

Seal (SEAL)

Another promising meme token is rallying hard, up 12.95% in 24 hours. Last traded just under $0.6, SEAL is now up 300% versus its last month’s lows of around $0.48.

According to Coinmarketcap, SEAL is still down around 69.28% from its all-time high price of late May.

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

Alternative Investment Strategies: Crypto Presales May Be the Best Crypto to Buy Now

Experienced traders often seek promising altcoins to diversify their portfolios, but another strategy worth considering is investing in crypto presales .

Web3 projects and protocols often sell their native tokens at discounted rates during presales to fund their development.

These opportunities allow early investors to acquire tokens at a lower price before they enter the broader cryptocurrency market.

The challenge is to identify projects with strong visions, practical use cases, and competent teams that are likely to gain market traction.

Cryptonews.com has provided a list of potential recommendations for those looking to explore this complicated market.

Here are 15 Bitcoin alternatives in the presale market that show potential for returns and could very well be the best crypto to buy now.

15 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.