Best automated market maker (AMM) tokens to get on June 23

By: Milko Trajcevski
Milko Trajcevski
Milko leverages his passion for cryptocurrencies and teaches investors something new each day. During his spare time, he loves… read more.
on Jun 23, 2022
  • PancakeSwap (CAKE), 1inch (1INCH), and Sushi (SUSHI) are some of the best AMM tokens to get.
  • CAKE increased by 5%, 1inch by 5%, and SUSHI by 8% in the last 24 hours.
  • Each of these tokens has a high level of utility and will likely carry on this growth trend.

If you are curious about investing in or buying automated market maker (AMM) cryptocurrencies, PancakeSwap CAKE/USD, 1inch 1INCH/USD, and Sushi SUSHI/USD are some of your best options.

There are a lot of developments at PancakeSwap, specifically within the NFT sphere.

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On June 21, 2022, the 3D Brave Tigers NFT collection went live for trading.

1inch also announced some developments. On June 22, 2022, 1inch launched a platform where users can submit requests to improve 1inch and discuss other users’ suggestions.

On June 17, 2022, SushiSwap started its partnership with GameStopNFT through the integration of its Web3 wallet.

Should you buy PancakeSwap (CAKE)?

On June 23, 2022, PancakeSwap (CAKE) had a value of $3.136.

The all-time high of PancakeSwap (CAKE) was on April 30, 2021, at $43.96.

When we go over its performance throughout the previous month, PancakeSwap (CAKE) had its highest point of value on May 5 at $7.8776. However, its lowest was on May 12 at $3.4286.

Here, we can see a decrease of $4.449 or 56%. However, with the recent increase and price movement, we can expect CAKE to reach $6 by the end of July 2022.

Should you buy 1inch (1INCH)?

On June 23, 2022, 1inch (1INCH) had a value of $0.696.

Going over its all-time high, 1inch (1INCH) had its all-time high value on October 27, 2021, at $8.65.

When we take a look at how 1inch (1INCH) performed in May, (1INCH) had its highest point on May 5 at $1.3647. Its lowest point was on May 12 at $0.7743. This marked a decrease in value by $0.5904 or 43%.

With this in mind, we can expect 1inch to increase to a value of $1 by the end of July 2022.

Should you buy Sushi (SUSHI)?

On June 23, 2022, Sushi (SUSHI) had a value of $1.2494.

Looking at the all-time high of the token, Sushi (SUSHI) had its ATH on March 13, 2021, at $23.38.

Going over its performance throughout the previous month, Sushi (SUSHI) had its highest point of value on May 5 at $2.62. Its lowest point of value was on May 12 at $1.1421.

Here, we can see a decrease in its value by $1.4779 or by 56%.

However, at $1.2494, the token is starting to increase in value and can reach $2 by the end of July 2022.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
  2. Capital.com, simple, easy to use and regulated. Register here >

*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.