We present you 5 cryptocurrencies that are expected to perform well in June 2021. DeFi (Decentralized Finance) tokens are getting all the attention, thanks to factors of usability, security, transaction agility, etc. As prices are recovering, after the May hit, June becomes a good time to explore the world of cryptocurrencies.
After the potentially devastating effects of Covid around the world, many investors are looking for new investment alternatives and have been inclined to invest in cryptocurrencies, assets that since their creation have experienced a great revaluation and, according to experts, their value tends to grow.
Here are 5 of the main cryptocurrencies with promising growth potential
1. Litecoin
Market capitalization: US $12,116,257,177
Rank: 14
Litecoin is currently attracting a lot of attention. Launched in October 2011, it was conceived to be a complement to Bitcoin. It is one of the forks of Bitcoin, a modified copy of the Bitcoin protocol that was launched as an independent project. Getting followers to support a bifurcation project is not easy. Litecoin has been very successful in this regard, as it is more accessible and allows much faster transfer confirmation. Litecoin reached its all-time high of US$400 in May 2021 and continues to rise at an average of 11%.
2. Ethereum
Market capitalization: US$301,198,538,700
Rank: 2
After Bitcoin, Ether is the second most valuable cryptocurrency. It is optimally positioned to remain a top cryptocurrency, just behind Bitcoin. It has reached a series of all-time highs in 2021. In May, Ether hit an all-time high of $4,362.25. Analysts at JP Morgan bank have noted that the pace of evolution in the ethereum market has remained rapid and that there is still room for growth.
3. Solana
Market capitalization: US $8,351,729,610
Rank: 18
By the end of 2021, Solana has the potential to reach US $100. Since it is a DeFi cryptocurrency, its price can grow quickly. Launched in March 2020, in a short period of time it has been positioning itself in the market.
With a focus on strengthening relationships with DeFi assets, Solana can encourage startups and gain a competitive advantage in the market, which increases its value.
4. Polygon
Market Capitalization: US $11,591,108,227
Rank: 15
Polygon’s token, MATIC, is up more than 9,000% in 2021, and many believe the coin will be one of the next generation of big winners in the crypto space. MATIC was an anomaly last month, while most of the cryptocurrency market collapsed, causing a market crash, Polygon maintained an uptrend. According to expert price forecasts, by the end of 2021, Matic (Polygon) will reach its all-time high of US $10.
5. Ripple (XRP)
Market capitalization: US $46,396,426,497
Rank: 7
Ripple (XRP) shows a very positive outlook for June as it appears to be gaining the upper hand in its long battle with US regulators. The U.S. Securities and Exchange Commission (SEC) had taken legal action against Ripple. Recently, the Commission was denied access to private documentation related to Ripple Labs’ legal status, marking another victory for XRP in the US $1.3 billion lawsuit.