Altcoins
6 Altcoins to Buy in a Market Nearing $10 Billion in June
In the volatile and rapidly growing cryptocurrency market, where new projects and altcoins are constantly emerging, it can be difficult to spot the best ones to buy. Heading into June, several altcoins are on track to reach a market capitalization of $10 billion, indicating strong investor interest and the potential for significant returns. Here are the 6 best altcoins you should consider investing in this June.
1. Altcoins to Buy – Nearby Protocol (NEAR)
Near Protocol is a proof-of-stake blockchain using Nightshade technology to develop decentralized applications (dApps). Despite the price of Close moving sideways for a while, reaching a high of $8.51 last month, it holds a market cap of $7.99 billion. NEAR only needs a 25% rally to reach a $10 billion valuation.
Grayscale Investments recently launched the Grayscale Near Trust, dedicated solely to investing in NEAR. This approval signifies a victory for the project and could potentially push its market capitalization beyond $10 billion as trading progresses.
2. Polygon (MATIC)
Polygon is an Ethereum Layer 2 solution, recognized as the first well-structured platform for scaling Ethereum. Leveraging its Polygon SDK technology, Polygon makes it easy to develop dApps and subchains. MATIC, the native token of the Polygon ecosystem, has been on an upward trend for the past 30 days.
The daily trading volume of MATIC surged 24%, indicating a recent increase in market activity, with the price increasing 4% over the past 7 days to $0.72. With a market cap of $6.7 billion, Polygon’s vast technology stack and extensive use cases could accelerate its journey to a $10 billion market cap in the near future.
Uniswap, hailed as the pioneer of decentralized exchanges (DEX), holds a special place in the crypto industry. UNI, the governance token of Uniswap DAO, was distributed to users in September 2020. Currently priced at $10.67, United jumped 45% in the last 30 days.
With a market cap of $8 billion, Uniswap is only 25% away from hitting the $10 billion milestone. Despite dominating the DEX sector, Uniswap developers continue to innovate. Recently, Uniswap surpassed PancakeSwap in terms of daily active users by expanding its services to other low-cost chains like Binance Smart Chain (BSC) and Base L2.
4. Polka dot (POINT)
Polkadot is a heterogeneous blockchain that allows different networks to communicate transparently using its para-chain technology. The asset is currently trading around $7.18, an increase of 2.5% over the last 30 days.
With a market capitalization of $9.8 billion, Peas only a 2.05% increase in prices remains before reaching the $10 billion mark. Dr. Gavin Wood, an English computer scientist and co-founder of Ethereum, designed Polkadot. Notably, Dr. Wood also created the Ethereum Virtual Machine (EVM), Solidity, and is the author of the Yellow Paper for Ethereum. Given the success of Ethereum, investors can trust Dr. Wood’s leadership with their funds.
5. Bitcoin Cash (BCH)
Bitcoin Cash appeared as a fork of the main Bitcoin (BTC) when developers could not agree on the future direction of the Bitcoin network. Over the past 30 days, the price of BCH has increased by 11.4%, reaching around $517.
Unlike the other cryptocurrencies on this list, BCH boasts a market cap of around $10.1 billion, making it the most valuable altcoin to consider buying. Additionally, BCH trading volume jumped 14% in the last 24 hours, reflecting growing investor interest.
Bitcoin Cash suffered a halving around the same time as Bitcoin two months ago, causing its price to rise. Although it reached an all-time high of $3,785 in 2017, this altcoin still has growth potential, which could benefit investors’ portfolios.
6. Altcoins to buy – Pepe (PEPE)
Pepe stands out as the only meme coin on this list, earning his spot due to his remarkable growth rate. Inspired by Pepe the Frog, a beloved meme within the crypto community, Pepe coin saw its price rise to $0.00001445, an increase of 81% over the last 30 days.
Following the announcement of the approval of the Ethereum spot ETF, Pepe rose by more than 50% and reached a market capitalization of $6.8 billion. However, as the initial hype died down, its value returned to $6 billion. To reach a market cap of $10 billion, Pepe would need a 66% increase from its current price.
Early investors made a staggering 260X profits. But it is still possible that new investors will double their portfolio if this frog-themed coin rallies again.
Conclusion
The cryptocurrencies listed represent some of the most reliable altcoins to buy in the blockchain space. From meme coins like Pepe to L1 and L2 blockchains like Bitcoin Cash and Polygon, and even decentralized protocols like Uniswap, these cryptos can give you good returns on your investment, while saving you the anxiety of being pulled over.
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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.