Best Cryptocurrencies To Buy Right Now [June 2022]

Wondering what the best crypto to buy right now is? Or maybe a sound cryptocurrency investment to buy for the future? Or just lost in a world of money pirates, hype trains and weirdly profitable dogs? Allow us to cut through the bullshit and bring you the latest, recommended crypto to buy right now.

These are the cryptocurrency coins that are trending each month, from legitimate-looking sustainable alternatives to Bitcoin, to completely silly meme coins that could make you a quick buck (or go to zero faster than you can say “wen lambo”).

Disclaimer: this is not financial advice. Never invest more than you can afford to lose. The cryptocurrencies mentioned below may not necessarily be ones we recommend you buy right now, but are the ones seeing traction or being talked about in the news. Before you invest in any cryptocurrency, you should make sure you are in a financially solid position.

June 2022

Monthly Market Overview

To the disappointment of crypto investors everywhere, the “crab” market continues on its slow decline into June with digital assets down roughly 15% across the board from this time last month.

Once again, there aren’t any major signs of substantial change on the horizon, meaning that the current (slightly downwards) price action looks set to continue. Until the broader market can find something to get excited about, investors can reasonably expect cryptocurrencies to stay hovering around their current prices, with a slight lean towards the red… 

With that being said, fortunes can still be made in a bear market. There’s still plenty of good opportunities to deploy a dollar cost averaging (DCA) strategy and pick up your favorite crypto at a discount while the short-term profit seekers hesitate. 

Here’s the best buying opportunities for this month:

Chainlink (LINK)

Price at the time of writing: $8.08 ($11.20 AUD)

Market Cap: $3.3 billion ($4.6 billion AUD) – #27 overall

Chainlink (LINK) is a blockchain framework that allows universally connected smart contracts to be integrated. It’s also a decentralized network of nodes that use oracles to deliver data from off-chain sources to on-chain smart contracts. 

The Chainlink network went live in 2019 and allows a wide array of different blockchains to safely transfer data associated with external events such as stock prices, sports scores, and other real-world data.

According to the market analysts at Cryptoticker, LINK is trading at a solid discount compared to its competitors and looks to be one of the best assets to buy for when the crypto market recovers. 

Currently trading at around $8 ($11.20 AUD), analysts predict that LINK could easily reach a target of $16 ($22.20 AUD) in the coming months, which would land nifty investors a very respectable 100% return. 

Ripple (XRP)

Price at the time of writing: $0.39 ($0.54 AUD)

Market Cap: $18.9 billion ($11.3 billion AUD) – #7 overall

XRP is the Ripple ecosystem’s native token. RippleNet is the digital payment network that runs on a public distributed ledger (slightly different from a blockchain), called XRP Ledger. Ripple itself is a for-profit company that controls the growth and development of RippleNet. 

Most investors aren’t aware that the idea behind Ripple and XRP actually predates Bitcoin and cryptocurrency altogether. In 2004, John Fugger launched a peer-to-peer (P2P) financial network called RipplePay and aims to eliminate the need for centralized banks by creating a “trustless” exchange of money on the internet.

The reason that XRP takes the #2 spot on this month’s list is because of its huge (largely unrealised) upside potential. XRP is currently in the final stages of a trial with the SEC for selling their tokens as “unlicenced securities”. If the court rules in favor of XRP, it’s not just good news for Ripple holders, but great news for the crypto market in general — in fact (according to this insider) it could very well be the small pebble that kicks off a bullish avalanche in the digital asset space…
If you throw in the fact that the number of transactions on the XRP network doubled in 2021 and combine this with the fact that institutional demand continues to grow, it makes the case for accumulating XRP very tempting.

Shiba Inu (SHIB)

Price at the time of writing: $0.000011 ($0.000014 AUD)

Market Cap: $6.3 billion ($8.8 billion AUD) – #17 overall

You might be a little surprised to see a token like Shiba Inu (SHIB) take the #3 spot on this month’s list, but SHIB has recently gone through a major transformation from shitcoin to legitcoin. 

SHIB used to be nothing more than another Elon-pumped, speculative meme token (just like its pooch-themed counterpart DOGE) but over the past few months, its developers have created an entire ecosystem in which the token provides holders with real utility. They’ve also introduced a series of new economic mechanisms that make holding the token much more attractive.

In what is now called “SHIB: The Metaverse”, SHIB can be used to buy land and other in-game customisations. It’s still in very early stages, but it has an extremely strong community of diamond-handed investors who have demonstrated in the past that they are willing to sink serious sums of capital to ensure that projects reach fruition. 

In terms of tokenomics, earlier this year on April 23, SHIB developers launched the SHIB burning portal, ShibBurn, which has seen nearly 30 billion SHIB, or $300,000 ($417,423 AUD) at the time of writing, removed from circulation. Since SHIB’s inception, approximately 410.32 trillion SHIB — just over 41% of the total supply — have now been burned.
By “burning” SHIB, the total supply of the token is reduced, meaning that the scarcity (& potentially the price) of the remaining SHIB in holder’s wallets increases.

May 2022

Monthly Market Overview

Frustration among cryptocurrency investors is high as the crypto “crab market” continues. Digital assets are maintaining their mostly sideways price action, only moving up and down by small amounts. 

Unfortunately, there are no major signs of any substantial change on the horizon, meaning that the current sideways (and slightly downwards) price action looks set to continue. Until the market has a reason to get excited or fearful, investors can expect crypto-assets to stay hovering around the current price range. 

With that being said, there are plenty of good opportunities to pick up some crypto at a bargain while the market hesitates. Here are the best buying opportunities for this month:

Cardano (ADA)

Price at the time of writing: $0.78 ($1.10 AUD)

Market Cap: $26.5 billion ($37.3 billion AUD) – #9 overall

Launched in 2017 by Ethereum co-founder Charles Hoskinson, Cardano (ADA) is marketed as a “third-generation” cryptocurrency that solves the main problems faced by both Bitcoin and Ethereum. It is designed to offer its users fast, secure transactions as well as being a platform for running decentralized applications and smart contracts.

Now might be a very good time to pick up some Cardano at a bargain, as the token is currently down 75% from its all-time high in September last year when the market responded poorly to a new upgrade called the Alonzo Fork. The number of developers on the Cardano blockchain continues to grow, so when the project does start to deliver utility in the crypto space, it’s very likely to surge in value.

Put simply: Cardano (ADA) is set to offer huge utility in the future, and a large number of users have been accumulating the token while the price remains low. If crypto returns to  bull market conditions, ADA looks primed for a big pulse in price.

NEAR Protocol (NEAR)

Price at the time of writing: $11.84 ($16.69 AUD)

Market Cap: $8 billion ($11.3 billion AUD) – #19 overall

NEAR Protocol is a platform-based blockchain that is in direct competition with Ethereum (ETH) and Terra (LUNA). NEAR was designed to incentivize a network of computers to operate a platform for developers to create and launch decentralized applications, making it faster and more efficient than the Ethereum network. Consider it to be a blockchain-based equivalent of Amazon Web Services (AWS) — which hosts a huge majority of the services provided on the internet.

According to a crypto insider, Zoran Kole, NEAR protocol is rumoured to be releasing a stablecoin called USN which will reportedly offer a decentralized finance (DeFi) protocol capable of providing users with a 20% annual percentage yield (APY) on their USN deposits.

Kole believes that Near Protocol’s network growth combined with its soon-to-be-released USN stablecoin could eventually allow NEAR to catch up to and eventually eclipse Terra (LUNA), which has a market cap of $37.2 billion — a projected increase of over 300% from today’s price.

Algorand (ALGO)

Price at the time of writing: $0.67 ($0.94 AUD)

Market Cap: $4.5 billion ($6.3 billion AUD) – #29 overall

Algorand is a decentralized, blockchain-based network that supports a wide range of applications. It markets itself as “Blockchain 3.0” as it offers solutions to the pressing problems faced by both Bitcoin (BTC) and Ethereum (ETH). The main selling point of Algorand is its high speeds and instant transaction approval, which allows users to quickly and cheaply transfer ALGO cryptocurrency.

Most notably, ALGO today announced a partnership with FIFA which will undoubtedly send the price surging for some time. It is already trading at an approximately 12% gain at the time of writing. Most experts are pretty optimistic about ALGO and expect that a $3 price per ALGO token is achievable by the end of next year if it continues on its adoption trend.

April 2022

Monthly Market Overview

The cryptocurrency market looks like it may continue on its gradual upward climb from its most recent low on March 13th. Most crypto assets have started to regain value since mid-March and recent analytics on the behaviour of Bitcoin investors show signs of major accumulation — meaning that most Bitcoin investors are choosing to “buy the dip”.

Adding to the good news, over the past two weeks altcoins like Terra (LUNA), Solana (SOL) and Cardano (ADA) have been outperforming large-cap assets like Bitcoin and Ethereum, which means that investors are more willing to take on higher levels risk in the crypto market. This is bullish.

Here are the best 3 picks for April based on macro-risk & overall performance.

Terra (LUNA)

Price at the time of writing: $116.24 ($152.29 AUD)

Market Cap: $40.9 billion ($53.5 billion AUD) – #7 overall

Terra is a blockchain-based payment ecosystem with its own stablecoin: TerraUSD (UST). The Terra ecosystem is powered by the LUNA token. The total amount of LUNA (1 billion tokens) has been fully issued, and everytime a new UST stablecoin is minted, a small amount of LUNA is “burned” — which means that as UST becomes more popular, the value of LUNA goes up.  

Terra also offers its users one of the most utility-driven ecosystems in the crypto space, as it works hard to make its cryptocurrency assets usable in the real world. Its Korean payment app CHAI lets users pay for real world products using crypto, and its DeFi protocol Anchor offers users a yearly 19.5% yield on their UST savings.

Put simply: Terra (LUNA) is one of the most innovative ecosystems in crypto.

Avalanche (AVAX)

Price at the time of writing: $90 ($118.74 AUD)

Market Cap: $24.1 billion ($31.8 billion AUD) – #10 overall

Avalanche (AVAX) is a blockchain platform that was designed to host decentralized applications (DApps) much like its main platform-based competitor, Ethereum. Avalanche was designed with scalability in mind meaning that it can process high numbers of transactions very quickly. Currently, Avalanche can process 6,500 transactions per second (which is much higher than Ethereum’s 15 transactions per second), and is more similar to the volume of payments processed by VISA and Mastercard.

What makes Avalanche an attractive investment right now is that the AVAX supply is capped at 720 million, which means no new coins can be created. Adding to this Avalanche has burned almost 1.2 million AVAX tokens worth roughly $116 million ($153 million AUD) meaning that tokens are becoming more scarce over time. If investors are bullish on the Avalanche ecosystem growing over time, then AVAX may prove to be a great buying opportunity.

Uniswap (UNI)

Price at the time of writing: $10.89 ($14.38 AUD)

Market Cap: $7.5 billion ($9.91 billion AUD) – #24 overall

UNI is the native token of the Uniswap protocol, which is a decentralized exchange (DEX) where crypto users have complete control over their assets, instead of a centralized exchange like Binance or Coinbase. 

Like anything in investing — One of the best reasons to invest in a cryptocurrency or a business is when it’s making substantial improvements that will make it more usable or speed up its long-term adoption. Uniswap is one such cryptocurrency, which has recently launched a series of improvements that increases its scalability, offers near-instant and cheap transactions and allows users to pay gas fees in any token,

If you think that DEX’s can eventually overtake traditional crypto exchanges in the future, then investing in UNI now (currently down 76% from its all-time-high) could potentially be similar to being an early investor in Binance (BNB) back in 2018.

March 2022

Ethereum (ETH)

Price at the time of writing: $2,918 ($4,021 AUD)

Market Cap: $349.6 billion ($481.7 billion AUD) – #2 overall

Ethereum (ETH) is an open-sourced blockchain network that serves as the largest platform for the building of cryptocurrencies, decentralized applications and smart contracts. 

Despite the current market conditions, ETH may yet present investors with a unique opportunity, especially when considering its current price. In the coming months Ethereum will be announcing its transition to Ethereum 2.0, which takes its old Proof-of-Work system (slower and environmentally hazardous) and upgrades it to a faster, cleaner one called Proof-of-Stake. 

An exact date of the transition is yet to be announced, but Ethereum has announced that the upgrade will occur in Q2 (April – June). If Ethereum can pull off the upgrade without any major problems, the market should respond positively. 

XRP

Price at the time of writing: $0.76 ($1.05 AUD)

Market Cap: $37.1 billion ($51.1 billion AUD) – #6 overall

XRP has remained one of the largest altcoins in the crypto market over the past few years. It is the native token of the international payments system called RippleNet. You might be wondering why one of the more “stubborn” altcoins when it comes to growth is being listed as a buying opportunity. 

Right now, XRP is in the final stages of a trial with the SEC, where the SEC is investigating XRP for selling their cryptocurrency without the required certification. If the trial rules in favor of XRP in April of this year (which is quite possible according to this insider), then most analysts agree that price action would be extremely bullish. 

If you consider that the number of transactions on the XRP network doubled in 2021 and combine this with the fact that institutional demand continues to grow, it makes the growth hypothesis for XRP fairly tempting. 

MANA

Price at the time of writing: $2.81 ($3.86 AUD)

Market Cap:  $5.2 billion ($7.1 billion AUD) – #30 overall

MANA is the native token of the Decentraland metaverse, and it allows for users to purchase land and other in-world assets. 

After JPMorgan released a report declaring the metaverse a “1 trillion dollar opportunity” and opened up its very own office in Decentraland’s Metajuku Mall, investors from both traditional finance and crypto quickly became aware of the growth potential in the metaverse. As Decentraland is both the largest and oldest of the multiple metaverses, MANA has a distinct first-mover advantage. 

Right now, MANA has a respectable market cap of $5.2 billion, and if JPMorgan is to be believed, then we are all still quite early when it comes to anything metaverse. Obviously, things can happen very quickly in the world of crypto and Web3 and a competitor could yet dethrone Decentraland. For the time being however, Decentraland and its native token MANA continue to assert their market-leader status.

February 2022

Monthly Market Overview

As February continues this years trend of market decline, investors are looking for less risky places to put their money in the crypto market. While it may seem mildly ironic that investors could be “risk adverse” in something as volatile as crypto, as the overall downturn continues many investors are scrambling to find digital assets that are bucking the trend…

Here’s the best 3 picks for February based on macro-risk & overall performance.

Crypto.com Token (CRO)

Price at the time of writing: $0.40 ($0.56 AUD)

Market Cap: $10,151,882,084 ($14,237,905,464 AUD) – #17 overall

Crypto.com’s native token, CRO is a utility token that is used for payments and transactions in the Crypto.com ecosystem. What’s most interesting about Crypto.com is that they are one of the most user-oriented cryptocurrency businesses on the planet, and they’re putting in all of the hard yards to bring crypto into the hands (and wallets) of regular people. Flexing well over 10 million users, Crypto.com is one of the only large businesses looking to solve the most irritating and counter-intuitive problem with the crypto market today — and that is: actually using crypto as a currency.

On the 31st of March last year, Crypto.com announced a partnership with VISA, creating the world’s first large-scale cryptocurrency friendly debit/credit card. Crypto.com has continually pushed to become a market leader in making cryptocurrency accessible and usable for everyday people.

Summary: CRO gives investors exposure to one of the only tokens with a real-world business at its core. This provides an added layer of safety during time of market uncertainty.

Binance Coin (BNB)

Price at the time of writing: $370 ($519 AUD)

Market Cap: $61,102,119,333 ($87,519,752,486 AUD) – #4 overall

Binance Coin (BNB) is the native token of the Binance ecosystem. Much like CRO, BNB is a utility token. Because it is a token that fuels the operation of the Binance exchange and a variety of other blockchain-related projects, BNB comes with an added layer of protection against large-scale market shocks that aren’t directly related to the performance of Binance.

Quite simply, BNB is used to pay and validate transactions on the Binance Smart Chain (BSC). The 29 million users of the Binance exchange are incentivised to use BNB wherever possible and are rewarded with 10-25% discounts when using BNB for transactions fees and payments. Because BNB is a deflationary token, meaning that the total number of BNB tokens decreases over time, investors tend to see BNB as an attractive long-term investment.

Summary: BNB is a deflationary token that acts as the fuel for the world’s largest crypto ecosystem.

ANKR (ANKR)

Price at the time of writing: $0.079 ($0.11 AUD)

Market Cap: $645,721,502 ($917,420,528 AUD) – #117 overall

There are very few tokens in the crypto market that are firmly in the green over the last few weeks. Ankr (ANKR) is a certified trend-bucker, currently up 8.6% over the 7 days. Ankr is a multi-blockchain network provider and staking DeFi platform that functions across more than 40 blockchains.

Without getting too technical, Ankr streamlines the use and rollouts of decentralized apps (DApps), blockchain hosting nodes and assists networks with staking. That may sound like a bit of headache, so let’s simplify further: imagine you have a Mac at home and a PC at work. There’s a calendar/scheduling program you love using on both your computers, however they never sync up properly due to incompatible operating systems. In this example, Ankr would allow for the calendar app to work across both previously incompatible devices.

The ANKR platform is geared towards developers, users, and businesses, but the developers of the project wanted to create a way for individuals and startups to obtain affordable access to decentralized cloud computing services. Imagine Ankr as a cheap version of Amazon’s AWS that helps to provide compatibility across a host of blockchain networks.

Summary: ANKR gives investors an opportunity to invest in a token that is bucking the broader downward trend. However, investors must remember that it’s relatively low market-cap makes it more susceptible to price volatility.

So there you have it, a selection of some of the best crypto to buy now. Enjoy.

RISK STATEMENT– The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.

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