With nine consecutive weekly red candles, Bitcoin broke new ground in 2022. However, only 1 day before the end of May, investors and analysts are turning their eyes to the altcoin market. In this article, let’s list 3 altcoins that can have a productive June.
3 altcoins to watch in June as the market starts to recover
Ethereum Classic (ETC)
Ethereum Classic is the initial version of Ethereum and hard forked from Ethereum Classic as we know it today . While Ethereum uses ETH as its native cryptocurrency, Ethereum Classic uses ETC. Ethereum Classic is a materialistic network. Launched after ETH, ETC managed to break into the top 30 cryptos.
ETC has a market cap of approximately $3.2 billion. The reason to watch closely is because the price of ETC has increased by almost 15% in the past week. It ranked second among the top 100 cryptocurrencies in terms of 7-day returns. This is a much better performance compared to many other altcoins that offer negative 7-day returns, such as DOGE and SHIB.
ApeCoin (APE)
As we have covered in the analysis of Kriptokoin.com, ApeCoin became very popular as soon as it was released and its price rose on the day of listing. However, the APE token has slashed all these initial gains and has lost over 15% in just the past week. It reached around $16 in March 2022, but is trading under $7 at the time of writing. APE, which is also a metaverse coin, is linked to the popular BAYC NFT project. If BAYC is sold at a high price in auctions, APE may attract a little more attention in the market. Due to its popularity, analysts consider Apecoin a good choice for June.
TRON (TRX)
TRON is also a Blockchain service provider like Ethereum Classic. It also claims to provide DApps and smart contract services. Why does TRON deserve to be on the analysts’ list? This is because TRON is one of the few cryptos among the top 100 to offer positive YTD returns. While LEO is at the top in terms of crypto YTD returns, it has been TRON that has outperformed over the past week. At the time of writing, TRON is trading at around $0.08 with a market cap of over $7.8 billion.
The market values of the 3 cryptocurrencies we have listed are shown in the chart below.
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