Discover the top altcoins to invest in this June. Explore detailed insights and expert analyses About Best Crypto to Buy
Financial markets have always experienced cycles of growth and decline, and the cryptocurrency market is no different. While capturing the perfect entry point can be challenging, understanding the market’s current state allows for building an investment portfolio at optimal prices. These altcoins are particularly worth considering in June for substantial potential profits. Investing in these coins may yield significantly higher returns compared to Bitcoin or Ethereum.
In the current cycle, the market hasn’t seen significant gains, excluding meme coins. Most altcoins are at global accumulation levels, indicating that there are still opportunities to enter the market at favorable prices. Сrypto asset prices are market-driven, and it’s crucial to keep an eye on the latest industry trends and developments to identify potential investment opportunities.
If your deposit is small and you want to add risk to earn more, then don’t look at coins whose market cap is already highly inflated. When you choose a crypto to invest look first of all at the tokenomics of the project, on which crypto exchanges it is traded, what cycles it has already gone through. For example shiba inu meme coin working on Ethereum network is not the best choice for investing now, as well as binance coin – bnb or even more bitcoin (BTC) On the question why I will try to answer in a series of articles about the best altcoins to buy this summer.
Arkham Intelligence (ARKM)
Arkham Intelligence, a cutting-edge analytics platform, dives deep into blockchain data to provide real-time insights and analysis. It provides tools for understanding transactions, creating network maps, and building a database of cryptocurrency users. It also helps set up alerts for blockchain events. The platform allows real-time tracking and analysis of transactions, identifying suspicious activities.
Why ARKM is the Best Crypto to Buy
This gives users the ability to promptly respond to any anomalies and protect their assets. Utilizing advanced machine learning and artificial intelligence algorithms, Arkham delivers precise data insights, empowering users to make informed decisions swiftly. Real-time transaction monitoring is a key advantage of Arkham, especially for traders and investors who want to quickly respond to market changes. This approach adds control and confidence.
By the way, CoinCodex analysts believe that the price of the Arkham coin will reach $7.26 by June 27, 2024, which is an increase of more than 200% in just one month.
Backed by industry giants like Binance Labs, Coinbase Ventures, and Digital Currency Group, Arkham’s potential for growth is further solidified by these strategic investments. Having weathered the bear cycle and now gaining positive momentum, Arkham demonstrates resilience and promising growth potential in the ever-evolving cryptocurrency market. Although trading volumes have dropped and the price has slightly decreased, it makes sense to consider an entry point. Given the support from major companies and the growing demand for analytical resources in the cryptocurrency sector, the Arkham Intelligence coin has growth potential.
Axelar (AXL)
Axelar aims to eliminate the limitations of isolated blockchains by enabling the free and secure exchange of assets and data between different blockchains. This allows users to easily navigate between various cryptocurrency ecosystems and utilize different services without being restricted to just one blockchain. The Axelar project is also beneficial for developers because it provides simple tools that allow the creation of applications capable of operating with different blockchains simultaneously. This reduces time and effort, making working with blockchains more accessible and straightforward.
Why Axelar is one of the Best Crypto to Buy
Axelar has already connected with top-tier projects and enterprises such as Ethereum, Arbitrum, Optimism, Polygon, BNB Chain, Centrifuge, Microsoft, and Mastercard, among others. According to the analytics service Messeri, in the first quarter of 2024, compared to the first quarter of 2023, the number of cross-chain transactions increased by 66%, the number of active addresses rose by 49%, and the number of connected chains grew from 34 to 64 over the year. These are good indicators that suggest the ecosystem is steadily developing and the project genuinely interests the crypto community.
This is also indicated by its market capitalization. Two months ago, the project peaked at $190 million, and currently, the market capitalization is around $160 million, which may indicate stable investor support. And take note of the funds involved: Polychain Capital, Coinbase Ventures, Dragonfly Capital, and Binance Labs. Supported by prominent funds such as Polychain Capital, Coinbase Ventures, and Binance Labs, Axelar’s foundation is solid, indicating strong growth prospects and industry recognition.
Active market development initiatives and a robust liquidity profile position the Axelar project for sustained growth and accessibility in the cryptocurrency market. With substantial support from leading funds and ecosystem expansion, Axelar emerges as a compelling addition to your investment portfolio, poised for growth and innovation in the blockchain space.
Ethena (ENA)
ENA is an online platform that facilitates financial transactions by creating a stable and scalable synthetic dollar, which operates independently of traditional banks. The platform employs delta hedging mechanisms to ensure the stability of the USD, a method used to protect asset prices by maintaining their value despite market fluctuations. For instance, if bitcoin is used as collateral and its price drops, a short position on bitcoin futures can be taken to stabilize its value.
Users can mint USDA and earn income through staking, while ENA generates revenue from ETH staking and delta hedging of derivatives. The project has garnered investment from notable entities like Binance Labs, Dragonfly Capital, OKEx Ventures, and Mirana Ventures. It has also been selected by Arthur Hayes, demonstrating significant industry support.
The total locked value in the project has shown substantial growth since its launch, indicating strong user interest. The token has recently entered the market and is already performing well. A well-structured business plan is in place to maintain the token’s stable price and promote its growth. Experts and analysts suggest that the fair price of the token is between $1 and $1.5, with the potential to reach $2.5 by the year’s end.
Ethena represents an innovative step towards financial stability in the cryptocurrency world, offering a reliable and sustainable solution tailored to meet users’ needs. That’s why Ethena is on our Best Crypto to Buy list
Helium (HNT)
Helium is a groundbreaking project that establishes a decentralized network for Internet of Things (IoT) devices. IoT devices are internet-connected electronics equipped with sensors and software to collect and share data. These can include smart thermostats, fitness trackers, smart bulbs, safety systems, and agricultural sensors, enhancing convenience and efficiency across various sectors.
A standout feature of the project is its Helium Hotspots. Resembling modems, these devices are installed in homes or workplaces to create a network for gadgets, earning HNT tokens for providing network access. The Proof of Coverage technology ensures that Hotspots genuinely provide network coverage, confirming their location and proper functionality.
Why HNT is the Best Crypto to Buy
Helium offers a cost-effective alternative for smart devices to connect to the Internet, cheaper than traditional methods like cellular networks. Backed by renowned entities such as Andersen Horowitz, Multicoin Capital, Pantera Capital, Alameda Research, and Google Ventures, the project has amassed $364 million in funding, underscoring its credibility.
Helium has successfully navigated the bear market, continuing to develop, and since early 2024, it has demonstrated an increase in market capitalization, signaling its potential for further growth. By revolutionizing IoT device connectivity, Helium makes these devices more accessible and efficient, promising significant improvements in various aspects of life and work, and unlocking vast opportunities for innovation across industries. This vital advancement is poised to drive further growth in the token’s value, highlighting its importance and potential in the modern tech landscape.
Manta Network (MANTA)
The Manta Network project is the first PC application platform that is scalable and secure with Colestia DA and Polygon ZK EVM. The project uses ZK-SNARK technology to hide information about transactions, making them anonymous. It’s like a private internet for financial transactions. Manta Network builds two main products. Manta Atlantic is a database where personal data is stored, but it is not accessible to everyone.
This is a platform for developers where they can build their own secure applications. Many funds have been invested in the project, including Polychain Capital, Binance Labs, and Multicoin Capital. The total collection amounted to $31 million. The timeline of the project is well calculated. Most separations will be within 4-6 years, and a small percentage will be monthly.
Airdrops were almost all distributed, which did not have a great deal of impact on the price. At the moment, the project is not on sale and is traded below the exit price. However, the growth in market capitalization is beginning to grow slowly. Given that the altcoin season has not yet come, the Manta token has a prospect of growth. Analysts at CoinEdition believe that the price can reach 3 to 7 dollars already in 2024, that is, 3-4 x.
Before making any decisions, it’s crucial to consider the future. Advanced technologies promise significant development potential. Blockchain-based crypto projects are gaining popularity, with their market capitalization on the rise. One standout project is Manta, notable for its unique concept and promising development prospects in the cryptocurrency space. Because of this, it has an honourable place on our Best Crypto to Buy list
The Graph (GRT)
GRT is a decentralized data indexing and search network for blockchain that provides effective access to data about blockchain applications.
The Graph helps people find blockchain information using its graph model, eliminating the need for centralized services. A graph model is a way of organizing data, where data is presented as nodes and relationships between them. The Graph uses this model to effectively store and query data on the blockchain.
In turn, developers can easily access data from the blockchain, such as Ethereum, using The Graph. This makes the process of working with data on the blockchain more efficient and convenient. The project is backed by good funds from Coinbase Ventures, Multicom Capital, and many others. In total, the project raised $82 million.
Analytical services report The Graph network reached 1.6 billion requests in Q1 2024, a 66% increase from the previous quarter. This indicates an increasing interest in using the network to access data on the blockchain. By the end of the first quarter of 2024, the network had published 1952 subgraphs, which was 29% more than in the previous quarter. In addition, the Degraph network already supports more than 40 networks, which testifies to the expansion of the project ecosystem.
Why The Graph (GRT) is one of the Best Crypto to Buy
The Graph’s economic model is based on the use of the GRT token to reward network transactions. This creates an incentive for network members to provide their resources and support the network. Thus, the GRT token plays an important role in the project economy, stimulating its development and support.
Although the market volume is gradually growing, we do not see significant fluctuations in the price of the token. It has continued to be in the accumulation phase for a long time, and this should contribute to the further increase in its value. Thanks to strong partnerships and the expansion of JRT deployment, we can see price increases as early as June.
Aevo
Aevo is a derivative trading platform with an emphasis on options and indefinite contracts, operating on its own Layer 2 solution. A key feature of the project is working on Layer 2 using Optimistic Rollup for performance and scalability. The offshore order book simplifies the placement of orders by undergoing evaluation in the risk management system.
After transactions on the blockchain, clearing is done using smart contracts, ensuring security and transparency. Aeva and Saeva tokens provide management and additional advantages in the Aeva ecosystem. On board the project is a collection of the most serious funds: Paradigm, Binance Labs, Pantera Capital, Coinbase Ventures, and Dragonfly Capital.
The token was released quite recently, and, despite the fact that its price has fallen recently, the rest of its indicators remain quite stable. The TVL has dropped by 25% since its peak, and this is normal for the token that has just been released. The indicator of unique contributors, on the contrary, shows steady growth. Aevo addresses security and accessibility issues, offering new opportunities for the financial sector. The token was released only in March of this year, so it is too early to draw conclusions about its price.
Nevertheless, given its support and performance, as well as its use in the ecosystem. It deserves a place on our Best Crypto to Buy list
Goldfinch (GFI)
Based on the Ethereum blockchain, Goldfinch provides people with the opportunity to obtain loans without the need to provide collateral or credit history.
Instead, the platform uses innovative DeFi mechanisms to raise funds from investors and provide loans through its decentralized network. The core idea of Goldfinch is to give people the opportunity for financial development by bypassing traditional banks and credit institutions. Goldfinch uses social linkage analysis and information from various sources to assess the borrower’s creditworthiness and risks.
This includes assessing the social reputation of the borrower and analyzing data on transactions, consumer habits, and social media accounts. This small approach attracted the attention of large funds such as Andersen Horowitz and Coinbase Ventures, which helped raise $37 million.
The project was launched in January 2022, which was not the best time. It was then that Move2Earn, the StepN project, gained popularity. This led to the transfer of all liquidity to the Solana network and then to the Binance Smart Chain. And then there’s the bear market. Having successfully survived the downward cycle, the project began to gain momentum. Market capitalization has increased significantly, and the number of active loans is impressive.
The project, with its interesting mechanics and strong support, clearly enjoys community popularity and has a good reserve for price growth in the future. It deserves to close our list of Best Crypto to Buy.
Conclusion
Each of these projects has its own unique advantages, innovative solutions, and growth potential in the cryptocurrency market. From Arkham’s analytical platform to Oasis Network’s private blockchain network, they all offer exciting opportunities to diversify your investment portfolio.
However, it is important to remember that the crypto market remains volatile, so careful analysis and understanding of risks are crucial before buying a crypto assets. I hope this list will be useful to you and give you an understanding of what principle I used to select these coins and you will be able to successfully choose cryptocurrency to invest. Сrypto to invest in is a very hard choice since this market is developing and changing too fast. Nevertheless, with thorough research and risk management, investing in these projects can potentially bring significant returns in the long run.
This Best Crypto to Buy list is not a trading recommendation(!)
