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2 coins to buy that can give a 50% return.
The cryptocurrency market is extremely volatile and requires a strong stomach to digest profits and losses. While some cryptocurrencies offer millions in profits to investors, others tend to make them poor. Timing plays a vital role that can destroy or weaken a trader’s portfolio and change the direction of his life.
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Now that we are halfway through the year, two cryptocurrencies are expected to deliver nearly 50% returns. In this article, we will highlight the two major cryptocurrencies that are expected to increase by 50% this month.
Cryptocurrency: 2 coins that could generate 50% profits.
- Shiba Inu
Leading on-chain metrics and price prediction company CoinCodex painted a rosy picture for Shiba Inu in June 2024. According to the price forecast, SHIB could rise 50% this month and reach a new monthly high. Forecasts suggest that the cryptocurrency could reach $0.00003767 this month in June 2024.
This is an increase of approximately 53.90% from the current price of $0.00002386. Therefore, a $1,000 investment in SHIB today could turn into $1,500 if the prediction turns out to be accurate.
Read also: Shiba Inu: SHIB price prediction for 2030
2. Pepe Coin
Another cryptocurrency to watch out for this month is the leading meme currency Pepe Coin. CoinCodex also predicted that Pepe Coin could experience a Shiba Inu-like rally and provide investors with nearly 50% profits. According to the price prediction, the frog-themed cryptocurrency could reach a high of $0.00002228 this month in June 2024. This is a spike of almost 53.46% from its current price of $0.00001403.
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Both of these cryptocurrencies could swell investors’ portfolios with profits, read the prediction. However, the cryptocurrency market is volatile and cuts in both directions, causing losses for investors. There is no guarantee that Shiba Inu and Pepe Coin will rise 50% this month. You are advised to do thorough research before investing in these cryptocurrencies and trade at your own risk.