Overall, the weak altcoins are following the trend of Bitcoin and Ethereum, fluctuating up and down. When Bitcoin pulled back last night, altcoins just followed it and did not amplify the decline, so there is no need to worry about a sharp drop in the short term.
The daily trend of most of the altcoins is similar, they all broke through the daily MA30 line and completed the retracement, and then came to the shock after the retracement, which is a trend of accumulating momentum for an increase. Therefore, the altcoins will have another good performance in June.
4 altcoins with the potential to skyrocket in June
BE
Sui recently revealed plans to launch the AUSD stablecoin on its platform in July 2024. AUSD will become an exclusive asset for certain chains in the Sui ecosystem, adding to the growing list of native assets on the network. The move aims to expand the utility and accessibility of Sui and AUSD, promoting a more inclusive financial environment.
By integrating AUSD, Sui Network is expected to increase liquidity, simplify transactions, and improve market efficiency. Meanwhile, Sei has attracted widespread attention, with its price soaring more than 600% to over $1. In addition, Sei announced that OpenSea will be deployed on the Sei platform, which is a major milestone for Sei and the broader NFT ecosystem.
Sei aims to provide a user experience similar to traditional web platforms in the crypto space by leveraging fast finality and throughput. In addition, Sei's Ethereum scaling approach is expected to achieve Solana-like performance, enabling efficient NFT transactions.
As of writing, the token is priced at $0.5096, up 1.03% in the past 24 hours. Market sentiment is bullish, with the Fear and Greed Index at 73 (Greed). The 14-day Relative Strength Index (RSI) indicates a neutral stance, suggesting that sideways trading is likely.
Sei has high liquidity, with a volume-to-market cap ratio of 0.0619. Sei's current market cap is $1.49 billion, with a 24-hour trading volume of $92.52 million, and trading activity is very active.
ok
As AI tokens gain traction, Ondo has gained increasing market attention for its innovative liquidity provision and yield generation solutions. The platform’s structured product approach allows users to customize their risk and return profiles to suit both conservative and aggressive investment strategies.
The coin has shown impressive growth recently, thanks to its commitment to transparency and security. The platform has successfully established strategic partnerships, and its user base is growing steadily. These achievements indicate great growth potential in the future.
The ONDO token hit an all-time high on May 25, 2024, up 1270.23% from its all-time low of $0.08355. The 30-day volatility is currently 18%, below 30%, and the token is trading at $1.18, up 5.17% intraday. ONDO’s current price prediction sentiment is bullish, with the Fear and Greed Index at 73, indicating greed.
Additionally, the token has experienced 15 up days in the past 30 days. Given its recent performance, ONDO has attracted interest from both long-term investors and short-term traders. Long-term investors want to hold the token, while short-term traders want to take advantage of its volatility. This combination has increased attention and demand for Ondo, making it one of the best tokens to buy.
XTZ
Tezos recently launched tzBTC 2.0, an upgraded version of the original Bitcoin on Tezos designed to improve accessibility and cost-effectiveness. This iteration builds on the original concept with an emphasis on transparency, stability, and compliance. It further improves affordability and accessibility for users.
In addition, XTZ is known for its unique self-amending blockchain protocol, which allows seamless upgrades without disruptive hard forks. This is very different from many other blockchain projects. With an innovative governance model and the support of a strong development team, Tezos is an attractive investment prospect.
Tezos is currently trading near $1 and is showing steady performance, with a slight increase of 0.56% in the past 24 hours. Sentiment towards the Tezos price prediction is bearish, in stark contrast to the Fear and Greed Index score of 73 (Greedy).
The XTZ token is expected to reach a peak price of $3.89 and an average price of around $3.52 by the end of the year. With the proliferation of DApps on the platform, the demand for XTZ is expected to surge in the foreseeable future.
ON
Optimism is a layer 2 scaling solution that aims to improve the efficiency and scalability of Ethereum transactions. It utilizes Optimism Rollups for off-chain computation and verification, and then integrates transactions into the Ethereum blockchain. This approach enables Optimism to process thousands of transactions per second, effectively solving Ethereum's scalability problem.
Optimism has been gaining attention recently due to its significant increase in activity, with an intraday gain of 1.35% at the time of writing. Market sentiment towards the coin’s price predictions leans towards optimism, with a Fear & Greed Index of 73, indicating that investors are in a state of greed.
Additionally, the token is currently trading at $2.50, approaching the critical threshold of $2.80, above which a significant uptick could occur, potentially setting new price highs. The 32% increase in total locked value highlights growing investor confidence and hints at the potential for further expansion of the project.
Technical analysis shows that OP is trading above its 200-day simple moving average, which generally indicates positive market sentiment and strong upward price momentum. In addition, its high liquidity (determined by its market capitalization) also makes it attractive as an investment option.
Furthermore, OP’s innovative approach to scaling Ethereum, coupled with its recent market performance, makes it a strong contender in the layer-one blockchain space. However, investors should remain vigilant and conduct thorough research before making an investment decision.
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