Best Cryptocurrency Investment Picks for June 2: Injection Protocol, Akash Network, NEAR Protocol

Join our Telegram channel to get the latest news coverage
Discover the best cryptocurrencies to buy right now and explore their potential and market performance. Learn what these exciting options bring to your portfolio.
The recent approval of an Ethereum ETF represents a major step forward in cryptocurrency adoption. This development simplifies the process of entry into the crypto market for traditional investors. With this increased accessibility, investor interest in digital assets has surged, with many beginning to explore alternative coins that offer huge potential for gains. This article will take a look at some of the best cryptocurrencies that investors should consider to reap significant gains.
The best cryptocurrency investment options right now
Mega Dice has sold over 19 million DICE tokens, raising over $1.3 million. In addition, Injective recently became one of the key blockchains to be natively integrated with the Binance Pay platform. This integration is significant as it enables the Injective ecosystem to connect with Binance Pay’s vast network of users and merchants. Meanwhile, Akash tokens are currently valued at $4.60, having grown by 7.05% in the past month.
1. Mega Dice (DICE)
During the presale phase, Mega Dice attracted attention with notable milestones. More than 19 million DICE tokens were sold at $0.075 per token, raising more than $1.3 million.
The project has a transparent approach and demonstrates a large community base. Mega Dice has over 50,000 registered users and over 10,000 monthly active players, giving its token a respectable starting point. The Telegram announcement suggests that a similar number of users are expected to convert into DICE token holders.
In addition, the platform offers additional benefits such as daily rewards, limited edition NFTs, and early bird bonuses. These incentives could drive a surge in the value of the token after its launch.
Additionally, Mega Dice is currently running its DICE Season 2 airdrop campaign, encouraging participants to stake $5,000 or more between May 15 and June 28, 2024 to receive a portion of a $750,000 airdrop pool. Qualified users will have DICE deposited directly into their casino account at the end of the participation period.
Visit Mega Dice Presale
2. NEAR Protocol (NEAR)
NEAR Protocol has attracted attention for its potential to change decentralized applications (dApps). Currently, the coin is priced at $7.34, up 0.78% in the past 24 hours. NEAR stands out with readable account names and innovative consensus mechanisms, attracting the interest of the crypto community.
Furthermore, the token is designed for high scalability and can handle up to 100,000 transactions per second. This capability makes it ideal for applications that require speed and efficiency, such as gaming, social media, and financial services. In addition, NEAR supports multiple programming languages, making it easy for developers to use.
Experts are optimistic about the future of NEAR. The Fear and Greed Index is 73 (Greed), indicating positive sentiment. The coin is trading significantly above its 200-day Simple Moving Average (SMA) of $1.59945, having risen by 359.55%. NEAR has slightly fallen by 7.55% in the past week, but has risen by 19.24% in the past month.
The 14-day relative strength index (RSI) is 40.43, indicating a neutral stance, which means the cryptocurrency is likely to trade sideways for a while. Overall, NEAR Protocol is a strong scalable and efficient decentralized application platform.
3. Injective (INJ)
Injective recently became one of the key blockchains to be natively integrated with the Binance Pay platform. This integration is very important as it enables the Injective ecosystem to connect with Binance Pay’s vast network of users and merchants. Users can now easily use INJ for daily transactions and payments.
The move opens up new avenues for Injective’s adoption. It enables users to transact with INJ at various merchants and transfer assets globally through the Binance Pay platform. With this integration, users can use INJ to pay for different goods and services, including hotels, flights, and online shopping.
Furthermore, the token has recently shown significant price volatility. According to CoinMarketCap, INJ’s price has grown by 1.05% in the past month, but has fallen by 2.13% in the past week.
@binancePay has officially integrated $INJ, millions of users around the world can now use INJ for payments and shopping
INJ can be used to purchase a variety of goods and services such as flights and hotels, providing large-scale real-world access to the Injective ecosystem.
Read more
https://t.co/VH1jwAWkbB
pic.twitter.com/niPoF8MCiG
— Injective (@injective)
May 29, 2024
The current sentiment towards INJ price prediction is bullish. Also, the Fear and Greed Index is 73, indicating a greedy investor mentality. Furthermore, the coin is currently trading above its 200-day simple moving average.
Additionally, Injective’s integration with Binance Pay and recent price action reflect the project’s goal of promoting adoption of its native asset. This provides users with more options to utilize cryptocurrencies in their daily transactions.
4. Akash Network (AKT)
Akash Network is a decentralized cloud computing platform that provides developers with a secure and cost-effective way to deploy and scale applications. By leveraging a peer-to-peer (P2P) model, the platform enables developers to rent unused computing resources globally.
This effectively establishes a decentralized marketplace for cloud computing services. By leveraging the capabilities of the Cosmos ecosystem, the platform is optimized for speed, scalability, and interoperability with a variety of blockchains. This approach facilitates seamless integration with other platforms, enhancing its utility and potential.
In addition, Akash Network has established partnerships with well-known entities in the cryptocurrency space. Currently, the Akash token is valued at $4.60, having grown by 7.05% in the past month.
Furthermore, the market sentiment towards Akash Network is bullish, with the Fear and Greed Index at 73, indicating that greed is prevalent. Furthermore, trading activity indicates that the coin is above its 200-day simple moving average, showing positive momentum.
5. Fantom (FTM)
Fantom is an open source decentralized smart contract platform that aims to provide an alternative for DApps and digital assets to address the limitations of early blockchains. It focuses on scalability, security, and decentralization, and provides tools for integrating existing DApps, a detailed staking reward system, and built-in DeFi tools.
In addition, the platform uses a unique consensus mechanism to support DeFi and smart contracts. The token is trading above the 200-day simple moving average and has high liquidity relative to the market capitalization.
Fantom recently partnered with Google Cloud to launch an initiative to encourage developers to create advanced DApps on its platform. Google Cloud's infrastructure and AI capabilities will help build secure and engaging products. In addition, Google Cloud will enhance the scalability and security of Fantom's Opera network by operating a validator, and plans to transition to the new Sonic network.
We're working with @GoogleCloud!
Our collaboration will kick-start an initiative for #Fantom developers to build the next generation of DApps using Google Cloud’s advanced AI and infrastructure.
Additionally, Google Cloud is now running validators on our network!
learn more
https://t.co/4B1dhzYpf8
pic.twitter.com/1vBfNcsg9E
— Fantom Foundation (@FantomFDN)
May 28, 2024
The partnership is an important shift for Fantom, coinciding with the launch of its high-throughput chain Sonic and the establishment of the Sonic Foundation and Sonic Labs. The partnership also expands the existing relationship between the two parties, with Google Cloud including Fantom blockchain data in its BigQuery public dataset program.
Read more
The best cryptocurrencies to buy right now
PlayDoge (PLAY) – The latest ICO on the BNB chain
Rating
2D Virtual Doge Pet
Play and earn meme coin fusion
Staking and Game Token Rewards
SolidProof Review - playdoge.io
Join Pre-sale
Join our Telegram channel to get the latest news coverage