Crypto market movements have been mixed this week. One or the other trader probably wished, but there were no big drops. However, traders ask themselves which cryptocurrency is performing particularly well at the moment. In this article, we present some coins that could be good investments at the end of the month.
Bitcoin loses a little, but the trading volume increases
First, an overview of the market situation. Bitcoin lost about 1.20 percentage points in the last 24 hours. It is still above the important USD 30,000 mark. The major cryptocurrency’s 24-hour trading volume is up over 72 percent today.
Cryptocurrency prices have been very volatile for the past seven days. Bitcoin fluctuated between USD 30,000 and USD 31,300. Other coins show a similar picture.
Investors don’t seem to understand how much stability the market currently offers. One reason for this is probably the lawsuit against the two largest crypto exchanges. The SEC charged the companies in early June. Among other things, they allegedly violate the Securities Act and conceal transactions.
After this news, prices initially fell, as investors were probably reminded of the FTX exchange. After this went bankrupt, many other platforms had to file for bankruptcy. This created a domino effect that lasted for a long time.
However, the market is showing itself in a much better light now. However, there is currently no strong support due to the news from the US. So which cryptocurrencies should you buy now?
Compared to Bitcoin, the Bitcoin Cash Coin is performing very well today. So traders still looking to take advantage of today’s rising price shouldn’t wait much longer.
The price has risen more than 20 percentage points in the last 24 hours. With that, the market capitalization reached a value of over 5.71 billion USD.
24-hour trading volume increased to over $2.7 billion today. This puts the cryptocurrency in 14th place among the most successful coins. The broker comparison shows that it can be traded on almost all popular platforms.
Bitcoin Cash is a peer-to-peer electronic money system. During development, the developers aimed to be able to offer crypto users particularly fast transactions. They only have to pay very small fees.
The platform was released in 2009 after being worked on for about a year. The site is not owned by permission, which is why it is decentralized and has no connection with third parties.
Bitcoin Cash is one of the most strictly measured cryptocurrencies. The total number of properties is limited to 21 million.
Synthetix Network – SNX Signal
A little further down the ranking by market capitalization is the token SNX. The Synthetix Network cryptocurrency. It has been steady at $2.20 for the past 24 hours.
In the last week he was able to extend his profits again. On Monday it reached the USD 2 mark for the first time and was able to successfully hold it.
The market capitalization is currently at a level of around USD 580 million. Synthetix offers a decentralized liquidity provision protocol. This protocol can be used for various purposes. It supports both Ethereum and Hope.
The network is sponsored by SNX, ETH and LUSD. Syntethix is also a DEX exchange. Traders who need to trade here do not hold the underlying asset, these are exposed through syntheses. The platform was founded in 2017. Kain Warwick is the founder and managing director to this day. He was involved in founding many other crypto companies.
Pepe: New meme base
Traders who trade not only in classic cryptocurrencies, but also who want to buy meme coins, get a simple token especially with Pepe.
The developers focused entirely on the fun factor. This means that the cryptocurrency has no use case and offers no value to traders within the blockchain. You just need to make a promising offer to the users.
However, it is suitable for trading. After its publication, it was able to win numerous crypto exchanges very quickly. The meme base can now be found on more than 12 platforms. This rapid rise led to a real hype mona meme earlier this month.
Today, the price of Pepe Coin is at $0.000001556, having gained 1.20 percentage points in the last 24 hours. This also increased the market capitalization – to about USD 610 million.
The Pepe Coin has a deflationary relationship. This means that the tires are gradually burnt. This should increase in value in the future. The token was created on the Ethereum Blockchain and is therefore based on a Proof of Stake consensus mechanism.
The ERC 20 token could be an interesting alternative to classic cryptocurrencies at the end of this month. June was a very volatile month for the crypto market. The courses showed strong movements, but did not lose any important support levels. Another interesting investment could be the YPRED token. This is currently in the pre-sale phase.
Ypredict: Analysis thanks to the AI application
The blockchain already gives private users several platforms to optimize their crypto trading. However, the developers of Ypredict wanted to expand these analysis options. They want to integrate artificial intelligence into their offering in the future. This should enable traders to create much more detailed forecasts. Because psychological factors, among other things, should be included in the analyzes in the application. The website could develop into a real game changer in the future. The YPRED token is currently in pre-sale.
As June closes, investors could still buy the coins at a price of $0.09. In the next step, the price should then be raised. When the coin launched, it should have been 0.12 USD.