Cryptocurrencies are subjected to intense volatility. Within a span of a few weeks and even days, the value of a cryptocurrency can change drastically. Experienced investors are always updated with the latest advancements that allow them to make smart investment decisions. Keeping that trend in mind, here are five cryptocurrencies that are expected to grow steadily in the month of June.
In 2021, Matic saw a whopping 9000% spike and is being touted as the next generation Ethereum in the crypto space. It showed signs of bullish developments in the past few weeks, keeping its growth steady and continuous. Billionaire Mark Cuban, owner of the Dalla Mavericks announced his wish to invest in the company, which can be a key development in Polygon's success.
Cardano's blockchain is expecting some new features, and the company behind this crypto coin recently announced its plans to launch the "Alonzo" hard fork. The fork will allow smart contracts to function smoothly on the ADA network, an upgrade that was the most anticipated. These recent developments have led to Cardano's price spike by 10% this weekend. As per the number of users in April, Cardano surpassed Tether.
A lot of developments are happening with Ripple. The US Securities and Exchange Commission was denied access to private documentation related to Ripple's Labs' legal status, which meant that Ripple won the lawsuit. This was followed by the announcement that Ripple Labs would soon go public with its IPO. Whenever that happens, Ripple would be the second biggest company in the crypto market to go public, following Coinbase's suit.
Unlike many other cryptocurrencies, Binance Coin is only utility-based, which is bigger the trading volume on the Binance exchange, higher the growth of the crypto coin. During one week in April, Binance Coin's value increased by 300% to temporarily become the third-largest cryptocurrency as per the market cap. In June 2021, experts predict that Binance Coin will reach the US$381 mark.
DOT is a fairly new cryptocurrency and one of its main USPs is the fact that Polkadot offers a new platform to build an entire ecosystem of projects. The technology supporting it bridges the gap between blockchains, enabling them to communicate and pass information. The coin is still very young which makes it prone to slight volatility, but just like any other project, Polkadot will take some time to smoothly deliver its update. According to popular trading websites, Polkadot's maximum price will reach upwards of US$47 by October 2021.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.