As June draws to a close, calm has returned to the crypto markets—and with it, optimism. Ongoing tariff discussions are being replaced by expectations of global agreements, with even China appearing ready to negotiate. Amid this shifting backdrop, investors are once again asking: Which cryptocurrencies should we be buying now?
Analysts at Dey There suggest that the answer lies in the resurgence of DeFi tokens, which led Q1 performance. Following the 2022 collapse, decentralized finance has rapidly matured, becoming more accessible to new investors. According to several experts, DeFi altcoins are likely to outperform again this quarter, especially with Ethereum’s renewed momentum.
Ethereum Price Rises, DeFi Follows
Ethereum recently climbed to $2,736.02, and with that came a notable rise in DeFi activity on its network. According to popular analyst Mister Crypto, DeFi usage jumped by 17% in just one week, pointing to a potential altcoin boom fueled by increased demand.
“ETH looks incredibly strong here. DeFi activity is exploding, and Ethereum still dominates stablecoin volumes. Don’t sleep on Ethereum!” – Mister Crypto
Historically, coins like PEPE and ENS have benefited significantly from Ethereum-led rallies. That trend appears to be returning, making it critical for investors to monitor ecosystem-based tokens closely for early opportunities.
Bitcoin: Still Undervalued, Still in the Game
Despite Bitcoin sitting above the $108,700 mark, altcoins have yet to fully catch up. However, experts don’t expect this gap to persist much longer. Bob Loukas recently highlighted that Bitcoin’s $2.1 trillion market cap still leaves room for appreciation:
“Bitcoin, despite massive global attention and adoption, is still undervalued in my view. It’s only a matter of time—and patience.”
With that in mind, the question is: Where is BTC heading next? Analyst Jelle believes the current structure sets the stage for a move toward $119,000, assuming the latest breakout attempt holds.
“Bitcoin is back above $108,000. The last two breakout attempts failed. Will the third time be the charm? A clean breakout targets $119K.”
Final Takeaway: Watch for Ethereum Strength, Bitcoin Support
With DeFi tokens gaining traction, Ethereum’s strength resurging, and Bitcoin preparing for a possible breakout, the next few weeks could be pivotal. According to Dey There, investors should focus on Ethereum ecosystem plays and keep a close eye on BTC’s performance near resistance levels.
Sources:
Mister Crypto on Ethereum DeFi growth: https://x.com/mistercrypto
Bob Loukas commentary on BTC valuation: https://x.com/bobloukas
Jelle’s BTC breakout forecast: https://x.com/jellecrypto
For advertising inquiries, please email . [email protected] or Telegram
