The crypto market is entering the last month of the 2nd quarter of 2024. Investors are once again asking which altcoin projects should be the focus. Crypto analyst Aaryamann Shrivastava compiled a list of tokens with significant growth potential in June.
PEPE price prediction: Altcoin will continue to move north!
Meme coin PEPE emerged as the best performing token not only among meme coins but also among altcoins last month. The frenzy surrounding these meme coins has propelled PEPE to all-time highs throughout the month. Thus, placing it among the top 20 crypto assets in the world. PEPE is trading at $0.00001474 after setting the ATH at $0.00001725. However, this did not deter investors who remained optimistic about the rise. The Average Directional Index (ADX), an important tool in measuring the strength of a trend, is also above the 25.0 threshold. This shows that the uptrend has significant strength. That means PEPE will continue on its way.
RNDR price prediction: The rising star of artificial intelligence!
The price of Render (RNDR) has consolidated over the past month. However, a breakout is possible in the coming days. This is because the Artificial Intelligence (AI) landscape is witnessing massive growth. cryptokoin.comAs you follow from , the rise of NVIDIA, the leader in AI computing, is adding fuel to the fire. In May, NVIDIA became the world’s third largest company by market value, surpassing Google and Amazon. So, if growth continues, it’s possible that RNDR will benefit from the hype potential. Thus, the altcoin can escape the consolidation between $11.4 and $10.0.
CHZ price prediction: Could benefit from international football season!
CHZ, the token of Chiliz, the platform that powers the Blockchain interaction site Socios.com, known for its fan token, is seeking profit. Mostly, these fan tokens are created on behalf of sports teams, especially football. The international football season is about to start. Therefore, it is possible that these fan tokens will witness increased liquidity. The upcoming Euro 24 and Copa America will be the most important events affecting fan token transactions. This will likely benefit CHZ as its network and asset utilization increases. As a result, it is possible for the altcoin price to surpass $0.154 and break the $0.167 barrier. Thus, it would potentially create a new 2024 peak.
BONK price prediction: Altcoin follows the frog’s lead!
BONK’s price rally is as surprising as anything else in crypto. However, as investors supported meme coins, this token entered the top 50 crypto asset list following the rise of PEPE. The altcoin recently closed at $0.00004114, its highest close of all time. But it is far from the ATH price of $0.00004800. Therefore, with the help of BONK holders, it is possible for meme coin to continue its rise. Thus, it may try to form a new yearly high.
SOL price prediction: Leading altcoin rival is institutional favorite!
It is possible that Solana benefits from the actions of institutions and not from broader market signals. The SOL is off to a slow start this year. Despite this, the altcoin is currently the largest asset in terms of inflows. Leaving behind Chainlink in the top spot, Solana has generated $29 million inflow since the beginning of 2024. Most of these inflows occurred last month, reaching $19 million. This is expected to continue as June begins, as the market is recovering. Therefore, as institutions continue to accumulate more SOL, the altcoin price will also rise. Thus, it will potentially regain $200 as a support base.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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