June Altcoin Elections Announced: The Future of These 10 Coins Is Bright!

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  • As the crypto market approaches the end of the second quarter of 2022, a market expert stated that 10 popular cryptocurrencies are proving themselves to be investors’ must-have assets.

The cryptocurrency market has witnessed a lot of fluctuations and shifts in trends over the past five months, but one thing hasn’t changed: the overall market decline.

However, the worst case scenario occurred this May, when the crypto market crashed twice in the same month.

Today, all cryptocurrencies in the market have reached nearly $1.3 trillion after a 12 percent recovery that brought $137.3 billion to the market three days ago.

Crypto expert Aaryamann Shrivastava also says that while you may not yet have the best opportunity to make a profit this month, June certainly presents an opportunity to make a profit with these promising cryptocurrencies.

bitcoin

Shrivastava, who set out with the king cryptocurrency, Bitcoin (BTC) He stated that regardless of market conditions, it is always a good option as it will find room for growth with minimum fluctuations.

Stating that a wider market rally will trigger a rise for BTC as well, since BTC has a 43 percent dominance in the crypto space, the analyst says that those who enter the market at $ 30 thousand will definitely make a profit at the end of the 2nd quarter.

BTC, which was trading at $ 30,147 at the time of writing, says that the cryptocurrency is poised to rise even higher after the 11.27 percent BTC rally recorded this week.

cardano

With the Vasil hard fork scheduled to be released by the end of June, which investors expect this development to be the turning point for the cryptocurrency, Cardano is currently one of the biggest cryptocurrencies whose performance is eagerly awaited in the market.

A similar spike occurred last year when the Alonzo hard fork was getting ready to be activated. The analyst expects the same thing to happen again and hopes that investors will be able to recoup their losses this time.

ADA recently recorded an increase of 37.44 percent and the ADA price went up to $ 0.61. This move brought it closer to the critical support at $1.

Terra 2.0

While Terra’s algorithmic stablecoin UST and LUNC (now Terra Classic) were the cause of one of the biggest crashes in crypto history this month, Terra’s founding platform, Terraform Labs, is giving it another chance.

Aiming to recoup investors’ losses, the team again last week sought to return the cryptocurrency to its peaks. LUNA They launched a new blockchain with a new set of tokens called

Despite the depegging and subsequent LUNC supply overflow, Terra as a blockchain has quite a lot of potential in the DeFi space, and Terra’s price of $7 today would be a pretty good entry level for this altcoin.

ApeCoin

Despite witnessing great rises apecoindespite the fact that more than two months have passed since its launch, it has not been able to show extraordinary achievements / progress in parallel with its price.

The reason behind this is thought to be unfortunate timing as the broader market decline coupled with the May 9 crash halted the platform’s growth and the altcoin dropped 75.88%.

But according to the crypto expert, this is Bored Ape Yacht Club NFT This feature of the cryptocurrency, which is the symbol of its collection, does not change the fact that it is one of the most profitable projects in the crypto field.

According to Shrivastava, the popular NFT project BAYC platform will grow even bigger when NFT-based feature film is released and as a result APE price will fly too.

dogecoin

The biggest meme cryptocurrency is still alive! Although there is no news of any development DOGEIt is quite interesting that coin continues to be one of the top cryptocurrencies globally and endures the recent crashes.

While Dogecoin doesn’t have much to offer as a blockchain and cryptocurrency, its flexibility/resilience definitely makes it a valuable investment tool, according to the analyst.

Aside from these, it’s worth noting that the meme token will always have the backing of “DOGEfather” Elon Musk, who has announced that they will soon be accepting it as a viable payment option for SpaceX items.

Axie Infinity

One of the largest Gaming tokens in the crypto space Axie Infinity (AXS)has always maintained its position as a profitable crypto investment.

As reported by KoinFinans, the cryptocurrency took a hit and suffered huge losses in January after Axie Infinity’s Ronin bridge suffered a $625 million hack. However, despite this, AXS managed to come back once again.

in May Axie Infinity OriginsBacked by the launch of AXS, AXS recorded the highest single-day rally in more than six months, up 35.22 percent.

As the GameFi protocol continues to expand, market experts think AXS will continue to grow thanks to its availability and value.

flow

Analyst, a very unknown altcoin in the cryptocurrency community Flow (FLOW) He also states that it is one of the altcoins to follow in June. Flow, a very unknown cryptocurrency until a few days ago, gained popularity in the last week of May thanks to a prominent Instagram artist announcing an NFT project posted on the Flow blockchain.

As a result of this development, the value of both the blockchain and the token of Flow, a blockchain platform designed for users creating games, applications and non-fungible tokens (NFTs), has increased. As a result, FLOW surpassed ApeCoin to become the largest NFT cryptocurrency with a market cap of $2.61 billion.

However, that’s not the only thing that makes FLOW an unmissable opportunity. Created by Dapper Labs, creators of CryptoKitties, the blockchain is also backed by a community that includes some major industry players such as Coinbase, Google Ventures, Samsung, Reddit, and Zynga.

According to the analyst, all these developments make the token a highly valuable asset that is ready to witness growth in the future.

Uniswap

Crypto expert is the largest Decentralized Exchange (DEX) in the world of Uniswap He also mentions that it is a good choice for June.

While the entire DeFi space is relatively quiet at the moment due to the market downturn, Uniswap still managed to maintain an average of $10 billion in trading volume each week.

Mentioning that the DeFi area will rise if the market recovers, the analyst mentioned that DEXs will see high demand. He said he thinks UNI will see a huge pull as a result, which will eventually put him on a rally path. Considering the altcoin’s recent 17.27 percent increase, it can be said that UNI is already on this path.

Decentraland

Known as the forerunner of the Metaverse Decentraland (MANA)This month is definitely a cryptocurrency to watch out for, as the Metaverse sector has become the preferred destination not only for the crypto niche, but also for mainstream industry players who use it as a marketing tool.

As a result, Decentraland is expected to see significant demand, which the analyst thinks will lead to an immediate increase in MANA.

MANA, which has increased by 92.69 percent this week, becoming the first and fastest cryptocurrency to survive the May 9 crash for a short time, has lost these gains at the time of writing.

sandbox

Last on the crypto expert’s June pick list is Sandbox, a rising star in the crypto space as the Metaverse platform.

Despite being in a downtrend since December’s high, Sandbox still remains a safe investment option for traders, considering it has recently outstripped peers like AAVE and Axie Infinity in market cap.

The platform has also recently become the new home of Elvis Presley, the King of Rock and Roll, whose NFTs will be introduced as an avatar on the Metaverse.

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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