Top Crypto to Invest in Now June 8 – Fantom, Injective, Cronos

InsideBitcoins consistently reviews the top cryptocurrencies to invest in based on their recent price performance. This review considers market trends and overall performance to provide investors with informed recommendations.

The recent fluctuations in the crypto market have undoubtedly caused some turmoil, with Bitcoin experiencing a slight drop of 0.05% in the last 24 hours. This trend has also affected various altcoins and meme coins. Amid this uncertainty, however, a few altcoins have managed to shine. Wormhole (W) and Injective (INJ) emerged as top gainers, indicating potential profit opportunities.

In this context, it becomes essential to analyze selected altcoins that have the potential to outperform established digital assets. This analysis captures the interest of traders and investors, and highlights the promising prospects in the current market.

Top Crypto to Invest in Now

Recent market performance indicates strong confidence in CRO, presenting it as a fascinating investment opportunity in the volatile cryptocurrency market. In addition, WienerAI successfully raised over $5 million in its limited time presale phase. Furthermore, the introduction of W strike for management contributed significantly to Wormhole’s price increase. Additionally, Injective recently integrated gumi, a major gaming company, as a new validator.

1. Phantom (FTM)

Fantom is an open source, decentralized smart contract platform and an alternative to Ethereum. It aims to address the limitations of earlier blockchains by focusing on scalability, security and decentralization. The platform provides tools to simplify dApp integration and offers a detailed staking reward system along with built-in DeFi tools.

The platform can perform faster and cheaper transactions while maintaining high security standards. It is compatible with the Ethereum Virtual Machine (EVM), which facilitates the creation and implementation of smart contracts.

Furthermore, Fantom boasts a transaction processing capacity of thousands per second, achieving transaction finality in approximately one second and ensuring that completed transactions cannot be reversed. Additionally, it allows multiple blockchains to operate independently while communicating with each other, each with its own custom tokens and governance rules.

FTM serves as Fantom’s native utility token, vitally powering the ecosystem. It is used for payments, network fees, strike and management activities. It forms the backbone of transactions, enabling fee collection and facilitating staking, rewarding users for their participation.

At press time, Fantom’s price is $0.7185, down 10.87% in the last 24 hours. However, it has risen by 8.92% in the past month. The current sentiment towards the token’s price forecast is neutral, while the Fear & Greed Index indicates a level of 72, indicating greed among investors.

Fantom is trading above its 200-day simple moving average and has shown positive performance compared to its ticker price. Moreover, it boasts high liquidity based on its market capitalization.

2. Cronos (CRO)

Cronos aims to support decentralized crypto-assets and applications, enabling real-time, low-cost global transactions. The Cronos cross-bridge mainnet beta points to a promising future for CRO by improving interoperability between blockchains.

This development can make CRO more attractive to developers and users. Recent market performance shows strong confidence in CRO, presenting it as a fascinating investment opportunity in the volatile cryptocurrency market. Notably, Cronos has secured high-profile partnerships, including endorsements by Eminem and actor Matt Damon and collaborations with major sports teams.

Great to see @PUUSHDABUTTON building and launching an innovative memecoin launchpad platform for the #crofam 🚀

Check them out! https://t.co/ttP8mIoZkl

— Cronos (@cronos_chain) June 7, 2024

These partnerships, combined with technical advances such as the Cronos cross-bridge, are poised to positively impact CRO’s market positioning and further instill confidence in its potential. At press time, CRO is trading at $0.1138, up 0.99% over the past seven days.

Nevertheless, the token saw an intraday decline of 0.71%. The 14-day relative strength index (RSI) is 48.53, indicating a neutral position and possible sideways trade. Importantly, CRO is trading 22.14% above its 200-day simple moving average (SMA) of $0.093226, suggesting a stable long-term performance.

3. Wiener AI (WAI)

WienerAI successfully raised over $5 million in its limited time pre-sale phase. Currently, the WAI token is priced at $0.000712, but this price will increase in less than 42 hours. The platform aims to innovate in the crypto market by providing advanced AI technology and high yield opportunities.

Furthermore, the project recently announced its new trading bot, which is nearing completion. This bot uses machine learning to identify trading opportunities. Users enter basic criteria, such as risk tolerance or target profits, and the bot analyzes market data to find suitable trades.

WienerAI’s tokenomics is designed to support the project’s potential growth. With a total token supply of 69 billion WAI tokens, 30% was allocated to presale investors.

An additional 40% of the tokens are reserved for stake rewards and community incentives when WienerAI enters the open market. This strategic allocation and the promise of rewards fueled optimism among investors, fueling speculation about potential price increases.

In addition, WATER offers a utility-driven feature set, positioning itself as a valuable tool for cryptocurrency traders. The project focuses on making predictive market analysis accessible to everyday investors, aiming to simplify the trading process through its AI-driven approach.

Visit WienerAI Presale

4. Injectable (INJ)

Injective is a platform designed for finance, enabling the next generation of DeFi applications such as decentralized exchanges, prediction markets and lending protocols. It offers a unique infrastructure with a decentralized, miner extractable value (MEV)-proof on-chain order book.

This setup supports multiple financial markets and allows cross-chain bridging with Ethereum, IBC-enabled blockchains, and non-EVM chains like Solana. In addition, the platform’s smart contract functionality, based on CosmWasm, facilitates advanced interchain capabilities.

Injective uses a Tendermint-based Proof-of-Stake consensus mechanism, which ensures fast transaction finality and supports over 10,000 transactions per second. Injective recently made significant progress by permanently removing 12,266 INJ tokens, a clear sign of increased user activity.

The platform expects users to burn 6 million INJ tokens by next week. This continuous cycle of usage, revenue generation and token burning reduces the circulating supply, potentially increasing the token’s value.

Injective is on board one of the biggest gaming giants gumi as the latest validator!

Gumi’s addition to the Injective ecosystem will not only expand its role in the world of GameFi, but also drive further adoption across Japan, Asia and beyond 🌐https://t.co/taZhN8qyfN

— Injective 🥷 (@injective) June 7, 2024

The transparent, decentralized token fire auctions further strengthen user trust and confidence. Furthermore, Injective recently integrated gumi, a major gaming company, as a new validator. This inclusion strengthens Injective’s network, making it one of the largest proof-of-stake networks historically.

gumi, known for its popular mobile games and millions of active players, plans to explore GameFi with Injective. In the past week, Injective’s price has increased by 16.79%. Current market sentiment for Injective is bullish, with a Fear & Greed Index score of 72, indicating greed.

5. Wormhole (W)

Wormhole has recently gained attention in the altcoin market due to its impressive performance. Known for its interoperability platform, Wormhole supports multichain applications and bridges, enabling access to liquidity and users across more than 30 major blockchain networks.

This capability extends to various uses, including DeFi, NFTs and governance, making it an important component of decentralized ecosystems. In the past week, W’s price has increased by 16.90%; however, it has decreased by 3.17% in the past day.

Nevertheless, the token has risen by 1,132.91% in the past six months. Currently, the price is near its resistance level at $0.74 and support level at $0.51. The introduction of W strike for driving was a significant factor in this price increase.

💥 $osETH is now natively multichain and live on @Arbitrum, leveraging @Wormhole’s Native Token Transfers (NTT) framework. @stakewise_io’s $osETH is a liquid staking token now accessible across the multichain ecosystem.

Learn more about $osETH below. ⬇️ pic.twitter.com/tDDA1x09f5

— Wormhole (@wormhole) June 5, 2024

Stake attracted investor interest by offering rewards and positioning token holders for potential future airdrops. The relative strength index (RSI) for Wormhole shows a pattern of higher highs and lows, indicating a potential for continued price growth. This trend suggests that the price may reach $1.

Moreover, the token shows positive performance compared to its token sale price and maintains high liquidity based on its market capitalization. Moreover, Wormhole’s recent achievements highlight its role in improving interoperability within decentralized ecosystems. The introduction of strike and the observed RSI trends indicate potential continued growth, making it a project to watch in the coming months.

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