Altcoins
Altcoins with bullish trend in June: Fantom, Algotech, Polygon
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Three altcoins lead the bullish trends in June with Fantom’s 38.4% forecast, Polygon’s 9.8% forecast, and Algotech’s massive surge.
June 2024 brings three exciting cryptocurrencies into focus: Fantom, Polygon and Rising Star, Algotech. While Bitcoin and Ethereum often take center stage, these altcoins are carving their own unique paths 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’s potential: Expected ROI of 38.4% for June
Fantom, a directed acyclic graph (DAG) smart contract platform, is making waves in the world of decentralized finance. One major development catching investors’ attention is Fantom’s recent development Association with Google Cloud. This collaboration isn’t just another tech giant exploring cryptocurrencies; it’s a strategic move that could significantly increase Fantom’s capabilities.
Google Cloud will serve as one of Fantom’s primary node validators, improving the network’s security and scalability. But this partnership goes beyond transaction validation. Google Cloud’s robust infrastructure and AI capabilities will help Fantom developers build smarter, more secure products with engaging user experiences.
Currently, FTM is trading at $0.8183, with a market capitalization of $2 billion, ranking 52nd on CoinMarketCap. The price is up 4% in the last 24 hours and down 2% in the last week, many see this as a potential buying opportunity. Cryptocurrency experts at Changelly predict an average FTM rate of $0.882 in June 2024, with a potential high of $0.984. This forecast suggests a possible return on investment (ROI) of 38.4%, making FTM an attractive prospect for June.
Polygon’s MATIC: June forecast at $0.7787, a 9.8% ROI.
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 several projects.
Currently, MATIC is trading at $0.70. The market capitalization is around $6 billion, making it the 18th largest cryptocurrency. Even though the previous day saw a slight increase of 0.73%, it is really making waves in the gaming world.
According to a recent “State of Polygon Q1 2024” report by Messari, Polygon’s gaming activity has skyrocketed. Daily gaming addresses increased by a notable 1,615% quarter-on-quarter to 207,000, while daily gaming transactions increased by 469% to 734,000. Additionally, Square Enix’s collaboration with Animoca Brands to expand its NFT game, Symbiogenesis, further strengthens Polygon’s position in the global gaming world.
Looking ahead to the month of June, Changelly analysts expect an average MATIC rate of $0.7787, with a potential high of $0.8144. While the expected ROI of 9.8% may seem modest compared to Fantom’s, Polygon’s strong position in the booming gaming industry and ongoing ecosystem developments make it an attractive choice for long-term investors.
Algotech will end pre-sales in June, raising over $6 million
While Fantom and Polygon have secured their place in the cryptocurrency market, a new player is preparing to make its grand entrance. Algotech, a decentralized algorithmic cryptocurrency trading platform, will 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 and predict 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 study and expert knowledge to create effective trading solutions. Additionally, Algotech’s $1.2 million investment in H100 GPUs demonstrates its commitment to new technologies. This move is expected to make its AI engine much faster, more accurate and overall better, setting a new standard for algorithm-based trading.
Furthermore, Algotech’s focus on openness and decentralization aligns with the values of the crypto community. The platform ensures clear visibility of transactions, protecting users from potential negative impacts on the market. Many investors are excited that Algotech is preparing to end its pre-sale in June. With a total token supply of 350,000,000 ALGT and an estimated launch price of $0.15, many see this as one of the first opportunities in the next big step for algorithmic trading.
To know more, visit the Algotech presale AND join the Algotech community
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