Top crypto picks for June 2 – The Sandbox, Injective, The Graph.
The cryptocurrency markets are experiencing volatility following a mixed US labor market report. The report showed an increase in the number of jobs added in May, but also a larger than expected rise in the unemployment rate and a slowdown in the monthly pace of average hourly earnings growth.
Bitcoin is currently trading just below $27,000 with its recent technical downtrend seemingly still intact. Meanwhile, Ethereum is trading in the upper-$1,800s.
- European right-wing groups embrace crypto.
- Bitcoin price gaining momentum ahead of US Nonfarm Payroll release.
- New blockchain derivatives exchange to offer institutional futures for Bitcoin and Ether.
As crypto investors contemplate the outlook for the Fed’s interest rate policy (with key policymakers signaling a pause in rate hikes), and major cryptocurrencies remaining rangebound, here are some of the best altcoins to consider buying today:
The Sandbox (SAND)
SAND is currently consolidating just below its 50-Day Moving Average (DMA) in the $0.55 area.
SAND is the Ethereum blockchain-issued ERC-20 crypto token that powers The Sandbox Metaverse. It describes itself as an “immersive” online gaming experience that offers users the opportunity to monetize their NFTs.
If the cryptocurrency can get above its 50DMA and recent highs in the $0.575 area, this could open up the door to a retest of a downtrend from the 2023 highs and the 100 and 200DMAs, which currently all reside in the $0.60 area.
A break above this key area of resistance could reignite the bull market that began when SAND broke out of its 2021/2022 downtrend earlier this year. With much potential for upside, SAND could be a great crypto to buy today.
Wall Street Memes (WSM)
Wall Street Memes is one of the internet’s hottest retail investing communities. It previously rose to prominence in the meme stock craze of 2021, but has recently been expanding its relevance within the cryptocurrency space with a new presale of its associated $WSM token.
The presale, which has raised close to $3 million in under a week, is fast following in the footsteps of 2021’s highly successful mint of the Wall Street Bulls 10,000 piece NFT collection, which famously made $2.5 million and sold out in 32 minutes.
The success of the $WSM presale is hardly surprising, given the size of the Wall Street Memes community. Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, but there are also another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
All told, Wall Street Memes has a 1 million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance.
And in fitting with its focus on empowering the little guy, 100% of the token supply is for the Wall Street Memes community – there is no behind-the-scenes private sale and no team allocation largesse.
50% of the token supply is available in the presale; 30% as community rewards; 10% for CEX liquidity, and 10% for DEX liquidity.
With 30% of the supply allocated to community rewards, it can reasonably be expected that airdrops to holders will be a big part of the ecosystem.
Indeed, the first $WSM airdrop is open now. Join the discord, connect socials, engage on socials, buy, and trade $WSM to be eligible to receive the drop.
To buy $WSM tokens, you will need ETH, BNB, or USDT (ERC-20 or BEP-20 versions accepted) in your crypto wallet. Simply connect at the website to make your purchase.
Analysts are already predicting 10x gains for Wall Street Memes when it lists on exchanges, and you can be a part of it.
Go to Wall Street Memes website
The value of INJ was just below $8.0 per token during the last trade, after an increase of almost 10% on Friday.
INJ is the digital currency that empowers the Injective protocol, a layer-1 blockchain that claims to be the first blockchain to offer auto-executing smart contracts, which enable faster and more innovative applications.
The cryptocurrency is likely to reach yearly highs in the $10 area soon.
This is because INJ recently broke out of a short-term downtrend and confirmed the break by finding resistance at the retest.
INJ has also broken through its 21 and 50DMAs once again.
With potential gains of around 25% possible in the near term, INJ could be one of the best cryptocurrencies to buy today.
Ecoterra (ECOTERRA) is the native cryptocurrency of a blockchain-based green ecosystem that incentivizes environmentally friendly behavior.
As explained in the project’s Whitepaper, the award-winning project is building an all-in-one $ECOTERRA-powered web3 ecosystem, designed to encourage recycling through its first-of-its-kind Recycle-to-Earn (R2E) system, facilitate trade in recycled materials, and encourage individuals and businesses to offset their carbon footprint.
The green web3 start-up’s R2E app is supported in any country that uses Reverse Vending Machines (RVMs), meaning a huge potential market.
Nascent green web3 projects like Ecoterra are expected to play an increasingly important role in global efforts to address climate change in the decades ahead, as cryptocurrency’s broader adoption increases.
It is no surprise then that the crypto presale that Ecoterra is currently running in order to fund the development of its platform has been a resounding success.
Ecoterra is in the fourth stage of its ECOTERRA token presale, with tokens currently priced at just $0.0085.
The project has just passed the massive milestone of having raised over $4.5 million.
Visit Ecoterra website
The Graph (GRT)
GRT is currently trading at around $0.13 per token and is eyeing a break above a key downtrend from yearly highs, which could open the door to a retest of these yearly highs in the $0.23 area.
GRT is the Ethereum blockchain-issued ERC-20 crypto token that powers The Graph, a decentralized protocol for indexing and querying data from blockchains.
The Graph explains that, “just as Google indexes the web”, the protocol “indexes blockchain data from networks like Ethereum and Filecoin… (and) this data is grouped into open APIs called subgraphs that anyone can query”.
Given the possibility that GRT could easily pump 75% higher from current levels back to yearly highs, if it can break above key resistance, it may be one of the best cryptos to buy today.
yPredict, a groundbreaking new AI-powered crypto trading and market intelligence platform, is building a first-of-its-kind, institutional-grade crypto price prediction system.
According to observers, the tool, which is powered by yPredict’s in-house deep data analysis, will help crypto investors discover the next explosive crypto with ease.
The best part is that yPredict’s crypto price prediction system will remain free and open for all users to access. The price predictions will be made publicly available and require no login to see, the project’s Whitepaper explains.
But yPredict offers investors much more than just crypto price predictions.
The project is building a cutting-edge crypto research and trading platform that provides traders and investors access to dozens of AI-powered signals, breakouts, pattern recognition, and social/news sentiment features, the start-up says in its Litepaper.
The platform’s technology was designed using state-of-the-art predictive models and data insights built by top 1% AI developers and quants.
The ypredict.ai marketplace allows experts to offer their model predictions or data research as trading signals, which traders and investors can subscribe to. To fund the development of its AI-powered crypto trading and market intelligence platform, yPredict is running a presale of the native $YPRED token, which powers its platform. The presale is currently in its sixth stage, with $YPRED tokens selling for $0.09 and has just hit the $2 million milestone. The token will later list across major exchanges for $0.12 later this year, offering paper gains of 33%. However, investors need to be careful not to miss out before the presale sells out, as yPredict has a presale hard cap of $6.5 million. The game Swords of Blood is a Polygon blockchain-based play-to-earn role-playing game (RPG) that offers a free cross-play game on PC and mobile. It has already gained a massive 4 million downloads on the iOS and Google Play stores, indicating a sizeable player base. The game features over 250 hours of campaign gameplay and multiple modes, including PvP for up to 16 players. The game uses blockchain-based NFTs which can be traded, giving players true ownership over in-game assets. The presale of SWDTKN, the game’s ecosystem token, is underway and currently in its third stage, with a price set to rise from its current $0.012 level to $0.015 later this year. Ownership of SWDTKN offers players the ability to unlock unique in-game rewards. Payment options include USDT, USDC, ETH, and DAI. Swords of Blood could be on the brink of successfully bridging the cryptocurrency market and the broader gaming industry.
- Bitcoin mining stocks underperforming due to extreme volatility.
- Bitcoin price prediction whales buying as $15 billion trading volume increases.
- Litecoin gains momentum in anticipation of August halving and increased activity.
- CleanSpark buys 12,500 Bitmain machines for $40.5M.
- What’s the next target for BTC as it bounces off $27,000 support level?
- Bitcoin’s creator is now an AI chatbot named Satoshi Nak-AI-moto.
- BlackRock CEO warns about debt ceiling drama, could be good for Bitcoin.