Best Crypto to Buy Now June 11 – Injective, Fetch.ai, ORDI

As the FOMC meeting and CPI data approach, discover which cryptocurrencies stand out as potential buys amid market uncertainty.

Ahead of the upcoming two-day Federal Open Market Committee (FOMC) meeting, Bitcoin is experiencing heightened volatility as it tests the $67,000 support level, marking a nearly 4% decrease so far today.

With the Consumer Price Index (CPI) data set to be released on June 12, Bitcoin’s trajectory could swing between $70,000 and $65,000 .

Given the current macroeconomic climate, both equities and cryptocurrencies could feel the impact of these two important events.

Amidst this market volatility, Ethereum has also experienced declines, dropping by around 5% as of writing.

This overall uncertainty has impacted the total cryptocurrency market cap, which currently sits at $2.42 trillion.

With anticipation surrounding potential interest rate shifts and the projected first rate cut, the FOMC meeting could have major implications for the crypto market.

The CPI report, which could mirror April’s 3.4% inflation, will offer crucial economic insights. Key indicators, notably an oversold Relative Strength Index (RSI) , suggest a bearish trend for Bitcoin.

Maintaining support at $67,000 is crucial to maintain the current short-term bullish trend. However, failure to sustain this level could result in declines towards $65,000 or even $64,000.

Despite market obstacles, several cryptocurrencies are still viewed as the best crypto to buy now, bolstered by their strong technicals and/or fundamentals.

Injective (INJ), Fetch.ai (FET), and ORDI (ORDI) are some of the best crypto to buy now alongside crypto presales worth checking.

Injective (INJ) Takes a Dip Despite Increased Trading Volume

Injective (INJ) is feeling the heat today, with its price down by over 10% in the past 24 hours to $26.13.

This dip comes despite a notable surge in trading volume, which is up over 40% within the same timeframe, according to data from CoinMarketCap .

While a drop of this magnitude can be concerning, the heightened trading activity suggests a potential for a rebound.

The increased volume could signal growing interest in INJ, perhaps as investors see this dip as a buying opportunity.

With a market cap of $2.44 billion, Injective remains a significant player in the cryptocurrency market, currently ranked #42.

Should buying pressure return, INJ has the potential to recover its recent losses and potentially resume its upward trajectory.

Despite today’s pullback, Injective (INJ)’s increased trading volume could foreshadow a price reversal.

Keep a close eye on INJ, as this could be an opportunity for savvy investors to enter at a discount.

Is Fetch.ai (FET) the Best Crypto to Buy Now? Analyzing the Technicals After Today’s Drop

Source: TradingView / FETUSDT

Fetch.ai (FET) has taken a hit today, dropping 5.49% to $1.568. However, this downward price action is coupled with a notable 15.24% increase in 24-hour trading volume, now at $199.6 million.

This suggests that the dip might be driven more by short-term market fluctuations than a loss of confidence in the project.

Despite the decline, FET still commands a respectable market cap of $1.33 billion, securing its position as the #65 cryptocurrency.

The elevated trading volume, relative to its market cap, indicates strong interest from traders, potentially signaling a buying opportunity for those looking to enter or add to their positions.

While today’s performance might seem bearish at first glance, the surge in trading volume surrounding Fetch.ai (FET) could be a bullish signal.

Investors seeking exposure to the growing field of AI-powered crypto projects might want to watch FET closely for a potential rebound.

Ordinals (ORDI) Faces Market Pressure: A Moment of Truth for Bitcoin NFTs?

Ordinals (ORDI), the pioneering force behind Bitcoin NFTs, faces a test as the cryptocurrency market experiences a widespread downturn.

The token’s price has dropped to $52.68, marking a 9.22% decline so far today.

This downturn presents a pivotal moment for Ordinals to prove its ability to retain investor confidence and weather market fluctuations.

The project’s next steps will be critical in navigating these turbulent waters and shaping its future trajectory.

Despite the recent price drop, Ordinals maintains a solid foundation, boasting a $1.1 billion market cap that ranks it #71 among cryptocurrencies.

The project’s performance during this challenging period will be a key indicator of its long-term potential.

The ability of the Ordinals team to adapt and further develop its technology will ultimately determine whether this price dip is a temporary setback or a sign of deeper-rooted challenges.

Alongside established projects like INJ, FET, and ORDI, which are currently reacting to market fluctuations, crypto presales are also surfacing as an area of interest for investors seeking early-stage opportunities.

Exploring Alternative Investment Strategies: The Potential of Crypto Presales

Experienced traders often seek promising altcoins to diversify their portfolios, but another strategy worth considering is investing in crypto presales .

Web3 projects and protocols often sell their native tokens at discounted rates during presales to fund their development.

These opportunities allow early investors to acquire tokens at a lower price before they enter the broader cryptocurrency market.

The challenge lies in identifying projects with strong visions, practical use cases, and competent teams that are likely to gain market traction.

For those looking to explore this complicated market, Cryptonews.com has provided a list of potential recommendations.

Here are 15 Bitcoin alternatives in the presale market that show potential for returns and could very well be the best crypto to buy now.

15 Best Crypto Presales to Invest In

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.