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Three coins that could double in June
Cryptocurrency investors are constantly looking for coins that have the potential to generate substantial returns. Despite the recent market downturn, three major cryptocurrencies have emerged as strong contenders to achieve 2X gains in June. Ethereum (ETH), Solana (SOL) and Cardano (ADA).
These coins have demonstrated resilience and have the foundation to potentially double their value in the next month.
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Ethereum (ETH)
Ethereum has been at the forefront of the decentralized finance (DeFi) and non-fungible token (NFT) revolutions. Despite dropping 3.65% in the past 24 hours, with a current trading price of $3,700.55, Ethereum’s strong fundamentals and upcoming network updates suggest it could be poised for significant growth in June.
The 24-hour trading range for ETH is between $3,552.64 and $3,839.42, indicating a relatively volatile market. However, with the approval of ETH ETFs by the SEC, Ethereum could be headed for a potential surge.
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Solana (SOL)
Despite a 5.25% decline in the past 24 hours, with a current trading price of $165.33, Solana’s impressive transaction volume and low fees have attracted a growing number of developers and projects to its ecosystem.
The 24-hour trading range for SOL is between $162.87 and $180.17, indicating a relatively wide spread. As more and more projects build on the Solana network, demand for SOL tokens could potentially increase. This could lead to a 2X price increase in June.
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Cardan (ADA)
Despite a decline of 3.49% in the last 24 hours, with a current trading price of $0.462, Cardano’s strong community and upcoming network updates suggest it could be poised for significant growth in June.
The 24-hour trading range for ADA is between $0.4486 and $0.4876, indicating a relatively narrow spread. Additionally, as more developers and users discover the potential of the Cardano ecosystem, demand for ADA tokens could potentially increase, leading to a 2x price increase in June.
Although the cryptocurrency market is known for its volatility and unpredictability, Ethereum, Solana, and Cardano have emerged as strong contenders to make 2X gains in June.