Altcoins
6 Altcoins to Buy on the Verge of the $10 Billion Market in June
In the volatile and fast-growing cryptocurrency market, where new projects and altcoins are constantly emerging, identifying the best ones to buy can be difficult. As of early June, several altcoins are on the verge of reaching a market capitalization of $10 billion, signaling strong investor interest and the potential for significant returns. Here are the top 6 altcoins you should consider investing in this June.
1. Altcoins to buy – Near Protocol (NEAR)
Near Protocol is a proof-of-stake blockchain that uses Nightshade technology to develop decentralized applications (dApps). Despite the price of Near walking sideways for some time, peaking at $8.51 over the past month, it holds a market capitalization of $7.99 billion. NEAR only needs a 25% rally to reach a $10 billion valuation.
Grayscale Investments recently launched Grayscale Near Trust, dedicated exclusively to investing in NEAR. This approval represents a win for the project and could potentially push its market capitalization above $10 billion as negotiations progress.
2. Polygon (MATIC)
Polygon is an Ethereum Layer 2 solution, renowned as the first well-structured platform to scale Ethereum. Leveraging its Polygon SDK technology, Polygon facilitates the development of dApps and subchains. MATIC, the native token of the Polygon ecosystem, has seen an upward trend over the last 30 days.
The daily trading volume of MATIC is up 24%, indicating a recent increase in market activity, with the price rising 4% over the past 7 days to reach $0.72. With a market cap of $6.7 billion, Polygon’s deep technology stack and wide-ranging 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 cryptocurrency industry. UNI, the governance token of Uniswap DAO, was distributed to users in September 2020. It is currently priced at $10.67, UNI has increased by 45% in the last 30 days.
With a market capitalization of $8 billion, Uniswap is just 25% away from reaching the $10 billion milestone. Despite dominating the DEX industry, Uniswap developers continue to innovate. Recently, Uniswap surpassed PancakeSwap in terms of daily active users by expanding its services to other low-cost chains such as Binance Smart Chain (BSC) and Base L2.
4. Polka dot (DOT)
Polkadot is a heterogeneous blockchain that allows different networks to communicate seamlessly through its para-chains technology. The asset is currently trading at around $7.18, up 2.5% over the past 30 days.
With a market capitalization of $9.8 billion, Polka dot it only needs a 2.05% price increase to reach the $10 billion mark. Dr Gavin Wood, an English computer scientist and co-founder of Ethereum, conceived Polkadot. Notably, Dr. Wood also created the Ethereum Virtual Machine (EVM), Solidity, and wrote 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 emerged as a fork of the mainstream Bitcoin (Bitcoin) when developers couldn’t agree on the future direction of the Bitcoin network. Over the past 30 days, BCH has seen a price increase of 11.4%, reaching around $517.
Unlike other cryptocurrencies on this list, BCH boasts a market capitalization of around $10.1 billion, making it the most valuable altcoin to consider purchasing. Furthermore, BCH trading volume increased by 14% in the last 24 hours, indicating growing interest among investors.
Bitcoin Cash underwent a halving around the same time as Bitcoin two months ago, leading to a spike in its price. Despite reaching 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 its place thanks to its remarkable growth rate. Inspired by Pepe the Frog, a beloved meme within the crypto community, Pepe coin saw its price rise to $0.00001445, marking an increase of 81% in the last 30 days.
Following the news of the Ethereum spot ETF approval, Pepe rallied more than 50% and reached a market capitalization of $6.8 billion. However, when the initial enthusiasm died down, its value returned to $6 billion. To reach a market capitalization of $10 billion, Pepe would need a 66% increase from its current price.
Early investors saw staggering profits of 260X. However, there is still the potential for new investors to double down on their portfolios should this frog-themed meme coin bounce back once again.
Conclusion
The cryptocurrencies listed represent some of the most reliable altcoins to purchase 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 cryptocurrencies can give you good returns on investment, saving you from the anxiety of being bailed out.