Altcoins
Altcoins with bullish trends in June: Fantom, Algotech, Polygon
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Three altcoins are leading the June uptrends with Fantom’s 38.4% forecast, Polygon’s 9.8% forecast, and Algotech’s massive rally.
June 2024 highlights three exciting cryptocurrencies: Fantom, Polygon and Rising Star, Algotech. While Bitcoin and Ethereum often take center stage, these altcoins are carving their own path in the blockchain world.
From scalable smart contract platforms to gaming networks and AI-powered trading systems, these projects are pushing the boundaries of what’s possible with cryptocurrency.
Fantom potential: 38.4% return on investment expected for June
Fantom, a directed acyclic graph (DAG) smart contract platform, is making waves in the world of decentralized finance. A major development that is attracting the attention of investors is the recent Partnership with Google Cloud. This collaboration isn’t just another tech giant exploring crypto; it’s a strategic move that could significantly increase Fantom’s capabilities.
Google Cloud will be one of Fantom’s primary node validators, improving network security and scalability. But this partnership goes beyond validating transactions. Google Cloud’s robust infrastructure and AI capabilities will help Fantom developers create smarter, safer products with engaging user experiences.
Currently, FTM is trading at $0.8183, with a market cap of $2 billion, ranking 52nd on CoinMarketCap. The price is up 4% in the last 24 hours and down 2% in the past week, with many seeing this as a potential buying opportunity. Crypto experts at Changelly predict an average FTM rate of $0.882 in June 2024, with a potential maximum of $0.984. This forecast suggests a possible return on investment (ROI) of 38.4%, making FTM an intriguing prospect for June.
Polygon’s MATIC: June forecast at $0.7787, a return on investment of 9.8%
Next, we have Polygon, a well-organized platform designed for Ethereum scaling and infrastructure development. This user-friendly platform has become a favorite among developers looking to create various applications. Its main component, Polygon SDK, offers a flexible framework that has attracted various projects.
Currently, MATIC is trading at $0.70. The market capitalization is around $6 billion, making it the 18th largest cryptocurrency. Even though it had experienced a slight increase of 0.73% the day before, it is truly causing a sensation in the world of video games.
According to a recent “State of Polygon Q1 2024” report from Messari, Polygon’s gaming business soared. Daily gaming addresses saw a remarkable quarterly increase of 1,615% to 207,000, while daily gaming transactions increased 469% to 734,000. Additionally, Square Enix’s collaboration with Animoca Brands to expand its gaming NFT, Symbiogenesis, further strengthens Polygon’s position in the gaming world on a global scale.
For June, Changelly analysts forecast an average MATIC rate of $0.7787, with a potential high of $0.8144. While the projected ROI of 9.8% may seem modest compared to Fantom’s, Polygon’s strong presence in the booming gaming sector and ongoing ecosystem developments make it an attractive choice for long-term investors.
Algotech set to conclude its presale in June and has raised over $6 million
While Fantom and Polygon have secured their place in the crypto market, a new player is preparing to make its grand entrance. Algotech, a decentralized algorithmic crypto trading platform, is expected to conclude its pre-sale in June, having already raised an impressive $6 million. The project’s native token, ALGT, is currently priced at $0.08 in its bonus phase, but analysts are optimistic, predicting that it could reach $1 soon after launch and major exchange listings.
Algotech stands out for its creative way of buying and selling crypto tokens. The platform uses cutting-edge tools, data studies and expert knowledge to create robust trading solutions. Additionally, Algotech’s $1.2 million investment in H100 GPUs shows its commitment to new technologies. The move is expected to make its AI engine much faster, more accurate and overall better, setting a new standard for algorithm-based trading.
Additionally, Algotech’s emphasis on openness and decentralization aligns with the values of the crypto community. The platform ensures clear visibility of transactions, thereby protecting users from potential negative market impacts. Many investors are excited as Algotech prepares to finalize its presale in June. With a total token supply of 350,000,000 ALGT and an estimated launch price of $0.15, many see this as an early opportunity in the next big breakthrough in algorithm-based trading.
To learn more, visit the Algotech presale And join the Algotech community
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