Let's be honest, crypto had a terrible month in May. With all the cryptocurrencies going down, the trend of crypto and its enthusiasm among fans is collapsing. But, don’t forget that crypto is the future of the world. No matter if their value is decreasing, it's for sure that they are going to bounce back. That's exactly why I decided to compile a list of the five best cryptos to buy now in June 2022. These cryptos go over a wide range of the market, from indexing protocols to blockchain and much, much more.
GRAPH:
The Graph is currently down 6% over the past day, 8%over the past week, and 56% over the past month. And I'm going, to be honest, the Graph is going to be my favorite value play in the market. The fact that it's down over 50% over the past month, I know a lot of the rest of the crypto market is as well, but the fact that this one, in particular, is just mind-blowing to me and I think this could catapult into the top 25, giving us a lot of gains. So you might be wondering what is the Graph?
The Graph is going to be an indexing protocol for querying data for networks like Ethereum, powering many applications in both Defy and the broader web three ecosystems on the Graph, anyone can build and publish their own APIs called subgraphs that applications can useGraphQL to achieve blockchain data. Before the Graph, teams had to develop and operate proprietary indexing servers. This required significant engineering and hardware resources and broke the important security properties required for decentralization well with the Graph, all data is stored and processed on open networks with verifiable integrity.
This makes querying data fast, reliable, and secure, and so much is currently being built on the Graph. This includes Defy, governance, grants and philanthropy, marketplaces, entertainment, and social. And with the help of Ethereum, they're able to host a ton of different services from near protocol to Polygon, avalanche Phantom, and much, much more. In terms of market cap, the Graph is currently ranked number 53 in the world with a $970,000,000 market cap and a volume of about $90 million, which is up 15% over the past 24 hours. Over the past month, the Graph has been as high as thirty-five cents and now sits at about $0.14. So right now is a great time to be getting in on the Graph.
APECOIN:
Apecoin is currently down about 12% over the past day. It's down 17% on the week and it's down about 64% over the past month. Now if you guys don't know about it, this coin is going to be the newest meme crypto on the market. They had a really good month in April, but over May they have had kind of a steady decline. The coin is basically going to be a decentralized project inspired by Yuga Labs, BoardApe Yacht Club, and the Ft project. And if you guys don't know what Board AP Yacht Club is, it's basically going to be the most successful NFT Project to date.
It's a collection of about 100 Board Ape NFTs' unique digital collectibles living on the Ethereum blockchain. And if you actually own one of these boards Apes, you're going to have membership into the yacht club which grants member-only benefits. Now, Board Ape Yacht Club has a Coin, which is going to be a Bitcoin that leads us back into Bite Coin, which is now developing a Metaverse that looks absolutely amazing. This thing is going to absolutely blow up when it's released. And once it's released, it's going to shoot Ape Coin's price up.
The coin is basically going to be at the center of Board Apache Club Dismantiverse. It's going to be the coin that is used on all these different things. It's going to be used a ton and have a ton of utility. I can't say enough about Apecoin. It's great meme crypto with real utility, then that really all that matters now in terms of market. Cape Coin is currently ranked number 34 in the world with a $1.8 billion market cap in a volume of about 550,000,000, which is up 55% over the past 24 hours. Over the past month, Bitcoin has been as high as about $26 and now sits at about $6. So it's literally down 75% from those highs. It's a great time to get it on Ape coins.
SOLANA:
Solana is currently down about 8% on the day, down 14% on the weekend, and down 54% over the past month. I think this should be top-three crypto and it currently sits around eight or nine. So make sure you guys pay attention to this one. If you're not invested yet, make sure you guys do your research on this. It's a great coin. The Solana is going to be a decentralized blockchain built to enable scalable, user-friendly apps for the world. It's going to be powerful for developers and it's going to be fast for everyone.
So no matter if you're a developer or holder, you're going to be able to be involved in this ecosystem and benefit from it. Now, Solana is going to be a very similar blockchain to Ethereum. However, Ethereum is currently using a proof of work protocol which is very slow and it's very expensive. While Salona has proof of history and proof of stake protocol that is much faster and kind of solves all the problems that Ethereum has. As of right now, Solana's end-user applications include decentralized finance or Defi, nonfungible tokens or NFTs Marketplace, games, and much, much more. And it's proof of stake protocol allows it to have around 1300 transactions per second, 76 billion total transactions so far, an average cost per transaction of less than a cent, and then 1700 validator nodes.
And the biggest benefits of Solana and this proof of stake and proof of history blockchain are going to be its low cost forever and its fast 400 millisecond block time forever. Now, in terms of market cap, it is currently ranked number nine in the world with a $15 billion market cap in a volume of about $2.2 billion, which is up 69% over the past 24 hours. Over the past month, Swan has been as high as about $95 and now sits at $45.So right now is a great time to be getting in.
CHAIN LINK:
Chain Link is currently down about 5%on the day, down 1% over the past week, and down 46% over the past month. Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts through a decentralized Oracle network. Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed by smart contracts to become the dominant form of the digital agreement. And Chainlink decentralized Oracle networks also provide tamper-proof inputs, outputs, and computations to support advanced smart contracts on any blockchain. So basically you're going to be able to securely connect smart contracts with off-chain data and services.
So far, Chainlink has a total value secured of about64 a billion and that is just a ton of money. Chain Link's highly secure and flexible infrastructure includes reliable tamper-proof networks, seamless connection to any API, proven ready-made solutions, and secure off-chain computation. And with Chainlink, you're going to be able to verify stable coin collateral and you're going to be able to build, deploy and sell your own. Dynamic NFT Chainlink has a lot of interesting stuff going on, and this is just a solid project that should be somewhere in that top ten to top 15 areas. And in terms of market cap, Chain Link is currently ranked number 26 in the world with a $3.1 billion market cap and a volume of 400 million, which is up 25% over the past 24 hours. Over the past month, Chainlink has been as high as $12.50 and announced it's at about six points $0.66.
Avalanche:
Avalanche is currently going to be down about 13% on the day, down about 18% over the past week, and down 65% over the past month. If you guys don't know, Avalanche is basically going to be the fastest smart contract platform in the blockchain industry, as measured by time to finality. They're going to be blazingly fast, very low cost, and eco-friendly. It's going to be one of the Ethereum's rivals aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do this by having a higher transaction output of 6500 transactions per second, while not compromising on scalability. They also just launched their multiverse, where they're trying to accelerate the launch of their subnets, as well as be the Premier scaling solution for web three DAPs.
So not only are they already awesome, but they also have a ton of good stuff coming up in 2022. Now, with Avalanche, you're going to be able to build fast, low-cost, solidity-compatible DAPs. You're going to be able to launch blockchains both private and public, and you're going to be able to scale to millions of validators with minimal hardware. And when you compare Avalanche to both Bitcoin and Ethereum, they blow them out of the water with their transactional throughput, as well as their transactional finality, they're basically better in every single way. And in terms of market cap, they are currently ranked number 15 in the world with a six $4 billion market cap in a volume of about $1 billion, which is up 71% in the past 24 hours. Over the past month, they have been as high as about $67.They now sit at about $23.Right now is the perfect time to be getting in on Avalanche.
That's going to be for the best cryptos to buy now in June 2022. Like I said earlier, these cryptos go over a wide range of the market, from indexing protocols to smart contract platforms and much, much more. Invest in them for a long time to become the next crypto millionaire.