3 Altcoins You Shouldn\'t Miss in June 2024

Everyone knows about Bitcoin, but there are thousands of altcoins, which can make it overwhelming when you're first getting started in the world of crypto.

If you’re new to the world of crypto, you’ve probably heard of Bitcoin. But did you know there are thousands of other coins out there? It can be overwhelming to try to figure out which ones are worth your time.

To help you out, we’ve put together a list of the three coins you shouldn’t miss in June 2024. These coins have all seen impressive growth in recent years, and they’re showing no signs of slowing down.

1. Ethereum

With a market cap of $422.9 billion, Ethereum is the second-largest crypto, yielding a year-over-year return of 103%. The vast applications of the Ethereum Mainnet make it a favorite among program developers.

Since April 2016, when one ETH was only trading for $11, the cryptocurrency and blockchain have experienced tremendous growth. At the time of writing, it’s worth just over $3,500, which is an increase of around 31,000%.

But there’s more to Ethereum than just price appreciation. Recently, the US Securities and Exchange Commission approved applications to list Ether-based exchange-traded funds (ETFs). The products are expected to become available for trading this year.

If you’re looking for a coin with a lot of potential, Ethereum is definitely one to watch. With institutional interest growing and a wide range of applications, it’s no wonder that experts are predicting big things for ETH in 2024.

According to one expert’s recent prediction, the price could increase by approximately 22.69% to $4,724. This is very close to ETH’s all-time high of $4,878.26, reached on November 10, 2021.

If the extremely bullish scenario pans out, Ethereum might document a spike of 79% by the end of this year. If this happens, its price will pass $6,000.

2. Solana

Solana has traditionally been the go-to blockchain for memecoin projects thanks to its low fees, which alleviate investors’ entry into the market. The memecoin frenzy led Solana to overtake Ethereum in on-chain trading volume. Solana memecoin mania might drive the price of Solana to new highs, perhaps even a new all-time high.

If you’re looking for a coin that could be poised for a breakout, Solana is definitely one to keep an eye on. With memecoins continuing to capture the attention of retail investors, Solana could be in line for another strong year in 2024.

According to our analysis of the Solana price and technical indicators, the price could gain 15%, reaching $185 by July 10, 2024. However, sentiment is bearish according to other technical indicators, and the Fear & Greed Index is at 72 (greed).

Solana recorded 6% price volatility and 43% green days over the last month.

A downward correction might be possible because the death cross has emerged. This is a bearish sign, which we see when the 50-day simple moving average drops below the 200-day one. The SMA is the average of a select price range, usually closing prices, over a specific number of periods.

There is also a bullish sign - the Relative Strength Index is neutral, indicating stable demand. Mentions of Solana on social media are dwindling, reflected in a 50% decline in trading activity. Still, the bulls do have a case. The market shows increased long positions on leading exchanges such as Binance and OKX.

We also observed that recent short-term price surges have provoked short liquidations, which means we might expect a rally in the short term. Other factors impacting the price include regulatory policymaking, future projects on the Solana blockchain, and the broader market climate. Well-performing projects could bring investors back to Solana, hiking the SOL token’s valuation.

3. Toncoin

Toncoin (TON) has a market cap of $16.6 billion and year-over-year returns of 354%. It was originally developed as a layer-1 blockchain for Telegram, and its first name was “Telegram Open Network.” Later, the TON Foundation took over the project and renamed it “The Open Network.”

It would be hard-pressed to find any crypto community member who hasn’t heard of Toncoin. The price pulled back slightly over the past few days as the crypto industry momentum faded. At the time of writing, TON is changing hands for $7.64, which is only slightly off its year-to-date high of $7.87.

It is still one of the best-performing tokens, with a 9% increase today and more than 400% year-to-

News source：https://www.kdj.com/cryptocurrencies-news/articles/altcoins-june.html

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