Top Cryptocurrencies to Invest In June 2023: LayerZero, Sui & Gala Insights

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In the face of recent market volatility, a number of cryptocurrencies are demonstrating promising potential driven by new collaborations, technological advancements, and a supportive community. Although short-term price fluctuations are common, many projects are focused on long-term growth and sustainability. For investors seeking opportunities grounded in real-world utility, the following cryptocurrencies are noteworthy due to their current activity and future growth potential. The list below highlights the top cryptocurrencies that are worth considering for your investment watchlist at this time.

Top Cryptocurrencies to Consider Now

LayerZero has recently formed a partnership with Ubyx to simplify the use of stablecoins for everyday transactions. Additionally, Sonic has teamed up with 1inch to provide rapid, gasless cryptocurrency swaps for decentralized finance (DeFi) users. In another development, BTC Bull Token has successfully raised over $7.3 million and is now in its final presale phase, with a current price of just $0.002575.

1. LayerZero (ZRO)

LayerZero operates as a blockchain interoperability protocol, facilitating communication across various blockchain networks. Since its launch in 2022, it has successfully processed over $11 billion in cross-chain transactions and is integrated with prominent networks such as Ethereum, BNB Chain, Arbitrum, and Avalanche. The protocol is designed to be both secure and adaptable, employing an immutable endpoint along with customizable verification processes to ensure safe messaging across chains. Recently, LayerZero announced its collaboration with Ubyx, a clearing system that enables users to deposit stablecoins into their existing bank or fintech accounts. This initiative aims to enhance the accessibility and usability of stablecoins for everyday digital transactions, supporting multiple issuers and currencies to serve a global user base.

The native token of LayerZero, ZRO, is currently trading at $1.883, showing a minor decline of 1.1% over the last 24 hours. Despite this slight dip, the token remains close to its recent cycle peak. Analysts attribute the current price movements to short-term technical stabilization and investor anticipation regarding an upcoming vote on protocol fees. ZRO has demonstrated strong trading activity, with a 24-hour volume-to-market cap ratio of 0.1213, indicating solid liquidity for its market size. Despite existing supply-side pressures, the overall outlook remains cautiously optimistic, especially given the recent strategic initiatives aimed at broadening LayerZero’s real-world applications and ecosystem reach.

2. Sonic (S)

Sonic Labs has partnered with the decentralized finance aggregator 1inch to introduce its ultra-fast blockchain network to a wider DeFi audience. Renowned for its capability to process up to 400,000 transactions per second with minimal delay, Sonic now facilitates gasless crypto swaps directly within the 1inch Wallet and Developer Portal. This integration also enables seamless cross-chain swaps across Ethereum Virtual Machine (EVM)-compatible networks, making Sonic a vital component of the 1inch ecosystem. This positioning aims to improve speed, efficiency, and user experience for participants in the DeFi space.

Sonic’s native token, S, is currently valued at $0.2825, reflecting a 7.15% increase in the past 24 hours. The market capitalization has risen to $813.7 million, with a daily trading volume of $141.23 million, which is up 28.37%, indicating robust liquidity. The token is trading near its cycle high, with a 24-hour volume-to-market cap ratio of 0.2915 and a low 30-day volatility of 14%, signaling stability. Notably, whale activity surged by 1,265% earlier this month, suggesting increasing accumulation and growing interest among investors in the S token.

3. BTC Bull (BTCBULL)

Having raised over $7.3 million, BTC Bull Token (BTCBULL) is in its final presale phase, offering investors just seven days to acquire tokens at the early rate of $0.002575 before its public launch. BTCBULL differentiates itself in the meme coin market by rewarding holders with actual Bitcoin as its price reaches significant milestones. This structure allows BTCBULL holders to earn Bitcoin passively as rewards trigger once Bitcoin crosses predetermined levels, starting at $150,000. Rewards continue at intervals of $50,000 (e.g., $200K, $250K), offering ongoing benefits tied to Bitcoin’s growth. This project is particularly attractive due to its fully automated BTC airdrops, which require holders to have a multi-chain wallet, such as Best Wallet, to receive them. Moreover, the token offers a 56% annual percentage yield (APY) through presale staking, providing early investors a means to enhance their holdings before the token is listed on exchanges.

As the presale approaches its conclusion, interest in BTC Bull Token is rapidly increasing. Once launched, BTCBULL will be accessible on public exchanges, representing the next step in a project designed to allow everyday users to benefit from Bitcoin’s potential without needing to buy it directly.

4. Sui (SUI)

SUI is currently priced at $2.51, experiencing a 2.94% decrease over the past 24 hours. Although the token remains 53% below its all-time high, it continues to perform strongly compared to its initial token sale price. The liquidity is evident with a 24-hour volume-to-market cap ratio of 0.4344, suggesting active trading and significant market interest. Sui is gaining traction as the Wormhole Foundation extends its Native Token Transfer (NTT) framework to the network, enabling smooth cross-chain liquidity and enhancing Sui’s role within the broader DeFi landscape. This support for native asset transfers across blockchains positions Sui to draw in new liquidity and increase user engagement in decentralized finance. As a result, a notable increase in Total Value Locked (TVL) on the Sui Network is anticipated. Strategic collaborations, such as those with Momentum, are already underway to provide liquidity through joint initiatives, solidifying Sui’s position as a crucial hub for cross-chain DeFi.

This recent advancement builds on previous NTT deployments with projects like Sky and Polygon, which have demonstrated a history of successful integrations that typically lead to higher TVL and enhanced staking and governance features. If current trends continue, Sui could soon experience a surge in ecosystem activity, even amid short-term price volatility.

5. Gala (GALA)

Gala is a Web3 ecosystem powered by its layer-1 blockchain, GalaChain, originally designed to support Gala Games, Gala Music, and Gala Film. The platform is now expanding its infrastructure to welcome external developers from various sectors. By providing open-source tools and a flexible framework, GalaChain seeks to become a versatile hub for decentralized applications. Currently, the GALA token is priced at $0.01271, reflecting a slight intraday decline of 0.51%. Despite this minor downturn, it retains strong liquidity with a 24-hour volume-to-market cap ratio of 0.3805. Market sentiment appears somewhat bearish, although the Fear & Greed Index remains neutral at 47, and 30-day volatility is low at 11%.

Forecasts suggest that GALA could see a rise of 48.51%, potentially reaching $0.018901 by July, driven in part by increased engagement within the Gala Games ecosystem. A significant catalyst for this is the recently launched Vexi leaderboard event on June 19, which has expanded the GALA reward pool and increased the number of prize winners from 350 to 450, along with the introduction of a new Affinity System that adds layers of strategy and competitiveness. Participants will compete over a week, with performance-based rewards for the top 450 players. The game continues to attract new users and deepen community involvement through quick onboarding via Gala accounts, which could further elevate demand for the GALA token in the coming weeks.

Best Wallet – Diversify Your Crypto Portfolio

The Best Wallet offers an easy-to-use and feature-rich crypto wallet, allowing users to gain early access to upcoming token ICOs. It supports multiple chains and wallets in a non-custodial format and is available on both the App Store and Google Play. Users can stake to earn the native token $BEST, with over 250,000 monthly active users leveraging this platform.