Here are the best cryptocurrencies to watch out for in June.
The buzz around cryptocurrencies is not going to fade away anytime soon. So if you are considering investing in cryptocurrencies soon, keep an eye on these cryptocurrencies that are expected to perform well in June 2021. In recent times, DeFi tokens are getting all the attention, thanks to their utility factor, and as the prices are recovering from the crash, this is a good time to explore the crypto world.
To invest in cryptocurrencies, you need to find a reliable source to buy these digital assets. They can either be cryptocurrency exchanges or PayPal. Next, you will need a crypto wallet to store the blockchain link. Once that is done, you can buy any cryptocurrency. Similar to the stock market, the cryptocurrency market is also volatile, if not more. So it’s always advisable to invest wisely, after some thorough research. To help you start off, here are the top cryptocurrencies with promising growth potential.
1. Shiba Inu
Market cap: US$3,649,389,694
Shiba Inu is a relatively new crypto coin that stole some of the limelight away from Dogecoin. After its launch in August 2020, it reached its all-time high of US$0.00003431 in May 2021. Since then this crypto coin is showing steady growth with an average of 10% growth.
Market cap: US$12,410,135,324
Currently, Litecoin is attracting a lot of attention towards itself, almost giving competition to the popularity of Bitcoin. Compared to Bitcoin, Litecoin supports faster transactions and is affordable than most other cryptos. Litecoin reached its all-time high of US$400 in May 2021 and is still rising with an average of 11%.
Market cap: US$309,432,651,165
After Bitcoin, Ether is the second-largest cryptocurrency. Ethereum’s technology supports smart contracts which allow developers to build applications around it for the decentralized finance sector and non-fungible tokens. After receiving crowdfunding in 2014, Ethereum went online with 72 million tokens.
Market cap: US$21,294,339,566
Polkadot is a proof-of-stake coin, unlike traditional cryptocurrencies. In Polkadot’s network, different blockchains can exchange information and transactions via the Polkadot relay chain, which can be used to link decentralized apps, services, and organizations.
Market cap: US$13,157,867,840
The key factor in Chainlink’s growing popularity is its decentralized Oracle network. This network allows intelligent Ethereum contracts to link securely with other data sources, APIs, and payment networks.
Market cap: US$11,987,763,132
While most of the cryptocurrency market crumbled recently causing a market crash, Polygon, however, saw a silver lining. According to expert price forecasts, by the end of 2021, Matic (Polygon) will hit its all-time high of US$10.
Market cap: US$8,793,180,365
By the end of 2021, Solana has the potential to reach US$100. Since it’s a cryptocurrency from DeFi, its price can rapidly grow. With a focus on strengthening relationships with DeFi assets, Solana can encourage young startups and gain a competitive edge in the market, adding to its value.
8. The Graph
Market cap: US$990,553,931
At the start of 2021, GRT was valued at US$0.35. By February, it increased to US$2.88 and then fell to US$1.2 and continues to show a steady bullish run. With enough focus on software and protocol upgrades, The Graph is expected to reach the US$7 mark by the end of 2021.
Market cap: US$1,472,661,003
Synthetic is a unique cryptocurrency that enables derivatives trading in a liquidity protocol. With the steady growth that the crypto is projecting now, Synthetix will become one of the top 15 cryptocurrencies in the world by the end of 2021, with its value above the US$100 mark.
Market cap: US$687,855,966,615
Regardless of the market crash or the volatility, Bitcoin has reached such a place that it is invincible. As long as it exists, investors will gain profits from its strong liquidity. It is rightfully a market ticker and continuously shows a growth trend.