Best Crypto to Buy Now 22 June – Conflux, Shiba Inu, Cardano
Blockchain analytics firm Santiment's recent blog post suggests that the cryptocurrency markets may be on the verge of a substantial upswing.
This follows Bitcoin's (BTC) recent multi-week high of $30,778 posted yesterday, driven by BlackRock's application for a Bitcoin spot ETF, at the same time as other institutional investors entering the cryptocurrency space.
With Bitcoin making efforts to maintain its position and consolidate above the crucial $30,000 mark, what are the best cryptos to buy now?
While the previous week saw a decline in the cryptocurrency market due to SEC lawsuits against major exchanges Binance and Coinbase, Santiment believes that the continued growth of cryptocurrencies can be attributed to institutional interest, particularly through ETFs.
ETFs provide a secure and simplified way for large investors to gain exposure to cryptocurrencies without actually owning them, thereby increasing the potential for more capital to enter the markets.
The blockchain analysis platform suggests that leading digital currencies like Bitcoin and Ethereum could also rise to keep pace with the stock market, which has been outperforming cryptocurrencies recently.
With many cryptocurrency traders holding positions at a loss, Santiment predicts that there is likely to be more buying than selling, which could drive up prices further.
With the cryptocurrency market showing signs of optimism, WSM, CFX, YPRED, SHIB, LPX, ADA, and DLANCE are some of the best cryptos to buy now due to their fundamentals and/or positive technical analysis.
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