So we have already passed May, and now we are right in the middle of the year, which is June. Personally I believe that this month is the best time to go all-in, especially for you guys who have been sidelined or hesitated because you read so many analysts predicted that Bitcoin will have correction to at least $40k first. Well, I strongly believe that it’s not gonna happen. We already passed the worst FUD, which was the war between Israel - Iran that escalated the geopolitical tension in the world. And now I still believe that in June we will have some choppy price action, before take-off in H2 2024.
So what will be the Top Cryptocurrencies to watch in this month? Well you can check my list below. But guys, this is not financial advice, ok? This is only my personal view, so please double-check, or even triple-check, ok?
SOLANA / $SOL
I am convinced that Solana will be the most outstanding Layer-1 blockchain in terms of return on investment in this bull market. We already had Solana mooning from $8 to $220, but has it finished? I don’t think so. I believe Solana still has long-way to go, especially in the upcoming year, because we can see that so many meme coin traders are playing in this chain. You can see hundreds or maybe even thousands of memes launched everyday on Solana. This meme coin mania of course will increase the demand of Solana massively, as they will need the native token to deploy as liquidity or even gas fee. And that’s just from a developer's perspective! All traders who want to buy the memes also need Solana as their pair-trade. So can you imagine what will happen to Solana if this mania keeps going on? Personally I can see Solana will surpass $500 easily, or even more in a few months ahead.
BINANCE / $BNB
BNB Chain is one chain that is super super liquid, yet not many fun or interesting things happened in the past year, especially if you compare it to meme chains like Solana or Base. But surprisingly, the demand for BNB keeps increasing, and the selling pressure is very low. That’s why you can see that BNB has already surpassed its previous all time high! And it’s quite surprising especially if you see that so many FUDs are being targeted into Binance, from last year until now their founder is being charged, yet BNB still managed to jump to $700! And now you can see it on-chain that more and more developers are creating more fun stuffs like memes in BNB, also Binance that’s very active to develop their product by giving us so many free money through Launchpool and Launchpad just by holding BNB, it’s very very bullish for me. So definitely you can’t miss this one.
ETHEREUM / $ETH
This is a no brainer, anyone who doesn’t include Ethereum in their portfolio sure didn’t
understand the crypto market. If Bitcoin is being analyzed as digital gold, then Ethereum is like an oil! Because in the future, it’s possible that we need Ethereum to be able to do transactions in the digital world. And there is also a strong bullish catalyst for Ethereum which is the Ethereum Spot ETF that was just approved at the end of May. This will help to bring more liquidity to Ethereum from the institutional players who have a very deep pocket and sure will be able to push Ethereum price surpass its previous all time high, and even possible to reach more than $5k. And with layer-2 that will help to scale Ethereum to be cheaper and even faster, I believe there’ll be more demand for Ethereum, and fading Ethereum will be a huge mistake for every crypto investor out there. So don’t. Just don’t.
INTERNET COMPUTER / $ICP
I saw too many people talk shit about ICP due to its poor price performance in the previous cycle, without understanding the fundamentals, the technology, and the solutions that Internet Computer bring, especially for the builders in the crypto space. I can confidently say that till this date, ICP still is the fastest and the cheapest blockchain in the crypto space, with almost instant finality, high throughput, and very low gas fees compared to other chains. And ICP is also a perfect side-chain for Bitcoin and Ethereum, thanks to the chain-key cryptography technology in ICP. So personally I have a strong bullish outlook for ICP in the future!
So that’s it guys the Top Cryptocurrencies that you should watch in June! But once again, remember this is not financial advice. You should double-check, and even triple-check to validate all points that I wrote above. And please let me know what are your lists of top cryptocurrencies in June? Write down in the comment section!
