As a seasoned crypto investor with years of experience in the market, I believe the altcoins mentioned in this article are strong contenders for potential investments in June 2024. Based on their current market performance, technological advancements, and partnerships, these altcoins hold significant potential to reach $10 billion market caps.

In the ever-changing and swiftly expanding cryptocurrency realm, characterized by continuous emergence of new projects and altcoins, identifying the most profitable ones to invest in can be a complex task. As we approach June, several altcoins are nearing a market capitalization of $10 billion, which is indicative of robust investor attention and the likelihood of substantial gains. Here are six promising altcoins that merit your consideration for investment during this month.

1. Altcoins to Buy – Near Protocol (NEAR)

As a researcher studying blockchain technologies, I can tell you that Near Protocol is a blockchain platform where decentralized applications (dApps) are developed using Nightshade technology, which operates on a proof-of-stake consensus mechanism. Although the price of Near has been relatively stable recently, peaking at $8.51 in the past month, it currently boasts a market capitalization of approximately $7.99 billion. A 25% increase in its price would propel Near to a valuation of $10 billion.

As an analyst, I would interpret Grayscale’s recent launch of the Grayscale Near Trust as a significant endorsement for the NEAR project. This move could potentially boost investor confidence and increase demand for NEAR, possibly pushing its market capitalization beyond the $10 billion threshold as trading activity continues.

2. Polygon (MATIC)

Polygon, which is known as the first properly organized Ethereum Layer 2 scaling platform, uses its SDK technology from the Polygon development kit to make it easier to create dApps and sub-chains. In the last month, the native token of the Polygon network, MATIC, has experienced significant growth.

The trading volume for MATIC jumped by 24% daily, signaling heightened market action, resulting in a 4% price hike over the last week to hit $0.72. With a market value of $6.7 billion, Polygon’s advanced tech infrastructure and diverse applications may propel it towards reaching a market cap of $10 billion soon.

3. Uniswap (UNI)

Uniswap, celebrated as the trailblazer of decentralized exchanges (DEX), maintains a distinguished position within the crypto marketplace. The UNI token, serving as the governing body for the Uniswap Decentralized Autonomous Organization (DAO), was distributed for free to users in September 2020. Presently valued at $10.67, UNI has experienced a remarkable increase of 45% over the past month.

Uniswap, with a market value of $8 billion, is just a quarter short of hitting the $10 billion mark. Despite leading the Decentralized Exchange (DEX) industry, Uniswap’s creators remain committed to innovation. They’ve recently outpaced PancakeSwap in terms of daily active users by broadening their offerings to cost-effective platforms like Binance Smart Chain (BSC) and Base L2.

4. Polkadot (DOT)

As a blockchain analyst, I’d describe Polkadot as a unique platform where diverse networks can interact fluidly through its para-chains innovation. At present, Polkadot’s asset is hovering around $7.18, marking a 2.5% growth over the past month.

As an analyst, I’d put it this way: With a market capitalization of $9.8 billion, Polkadot is tantalizingly close to reaching the $10 billion threshold, requiring only a 2.05% price increase to get there. Dr. Gavin Wood, a renowned English computer scientist and one of Ethereum’s co-founders, spearheads this promising project. His impressive track record includes the creation of the Ethereum Virtual Machine (EVM), Solidity language, and authorship of Ethereum’s foundational whitepaper. Given Ethereum’s remarkable success, investors may find confidence in Dr. Wood’s leadership and expertise.

5. Bitcoin Cash (BCH)

Bitcoin Cash came into existence as a split from the original Bitcoin (BTC) when there was disagreement among developers regarding the future development of the Bitcoin infrastructure. In the last month, Bitcoin Cash has experienced a rise in value by approximately 11.4%, bringing its price to roughly $517.

Among the cryptocurrencies on this list, Bitcoin Cash (BCH) stands out with a market capitalization of around $10.1 billion, making it an attractive altcoin option for potential investors. Moreover, there’s been a 14% increase in BCH trading volume within the past 24 hours, suggesting heightened interest from the investor community.

Approximately two months ago, Bitcoin Cash experienced a halving event similar to Bitcoin’s. Consequently, its price surged. Though it previously peaked at $3,785 in value back in 2017, this cryptocurrency alternative retains significant growth potential. Such development could yield favorable returns for investors.

6. Altcoins To Buy – Pepe (PEPE)

Among the meme coins listed here, Pepe is the distinctive one, having achieved a notable position due to its impressive growth spurt. This digital currency, inspired by Pepe the Frog – a widely popular meme figure among crypto enthusiasts – has experienced a significant price jump, reaching $0.00001445, which represents an astounding 81% gain within just the past 30 days.

After the announcement that an Ethereum-based spot ETF had been given the green light, Pepe experienced a significant surge of over 50%, reaching a market capitalization of $6.8 billion. Following this initial excitement, however, Pepe’s value retreated to $6 billion. In order to reach a market cap of $10 billion, Pepe would need to increase by approximately 66% from its current price.

Original: Early investors have made substantial gains of 260 times their initial investment. However, there’s a possibility for newcomers to nearly double their portfolio if the meme coin themed like a frog experiences another price surge.

Conclusion

Among the cited cryptocurrencies, you’ll find some highly reputable altcoins worth investing in within the blockchain sector. Ranging from meme coins like Pepe to Layer 1 and Layer 2 platforms such as Bitcoin Cash and Polygon, plus decentralized protocols like Uniswap, these digital assets can potentially generate lucrative returns on your investment. Moreover, they offer a level of security against the risk of rug pulls – unexpected drops in value due to market manipulation or project mismanagement.

2024-06-07 10:01

6 Altcoins To Buy On The Verge Of $10 Billion Market In June