Top Crypto to Watch in June 2024
With the many interesting sentiments that have occurred in the last few months, such as the Bitcoin halving, the approval of a Bitcoin ETF and the recently approved Ethereum Spot, it is not surprising that many predict that the bull run will likely occur sooner than we all thought.
So, for those of you who want to know which cryptocurrencies have great potential this month, this article is really for you. We will discuss some cryptos that are worth paying attention to and the reasons why they are interesting!
Ethereum (ETH)
The first is Ethereum, you must be familiar with the name Ethereum. If Bitcoin is called the king of crypto, Ethereum is the queen. Apart from being the second largest crypto after Bitcoin, Ethereum itself is a pioneer of smart contracts, which is the foundation for building various decentralized applications (dApps) and also Web3.
Why is Ethereum Interesting?
Rapidly Growing DeFi and NFT Ecosystem
DeFi (Decentralized Finance) and NFT (Non-Fungible Tokens) are two major innovations built on the Ethereum network. DeFi offers financial services such as lending etc. without traditional intermediaries like banking, while NFTs allow ownership and trading of unique digital assets.
This rapidly growing ecosystem shows Ethereum's potential to disrupt various industries, from finance to art and gaming. With so many projects and applications built on Ethereum, ETH is becoming increasingly attractive in the eyes of investors.
Dencun Update
Dencun is one of the major updates to the Ethereum network that aims to improve efficiency, security, and scalability. With the Dencun update which occurred on March 13, Ethereum can now process transactions faster with cheaper gas fees, as well as increase network capacity to handle more users.
Ethereum ETF Spot Officially Approved
And most recently, the Ethereum ETF Spot was officially approved on May 23!
After experiencing repeated delays, finally the Ethereum ETF Spot was officially approved by the American OJK, namely the SEC. This is the big catalyst that the crypto community has been waiting for after the approval of the Bitcoin Spot ETF last January. The approval of this ETF will make Ethereum more accessible to institutional investors, potentially leading to increased demand and higher price increases.
- Current Price: $3,808.02
Binance Coin (BNB)
Is there anyone here who uses Binance cex to buy and sell crypto? Or maybe there are those who are not familiar with Binance? So, Binance is the largest crypto exchange in the world with more than 150 million registered users. And the cool thing is that Binance's trust score is almost perfect at 9.9. Well, BNB is a native coin issued by Binance.
Why is BNB Interesting?
Usage in the Binance Ecosystem
Initially, the BNB coin only functioned as a utility token on the Binance exchange, and its use was limited to paying fees and getting fee discounts when trading.
But as the Binance platform grows and develops, the role and use of BNB also expands. Some of them are binance lending, launchpad, staking, NFT, and many more. This makes BNB attractive to users active in the Binance ecosystem.
BNB Quarterly Burning
As mentioned in the Binance whitepaper, every quarter, Binance uses 20% of its profits to buyback BNB and burn to reduce the total supply to 100 million BNB (50% of the total supply in circulation).
So far, there have been 27 BNB token burns carried out every 3 months.
This permanent coin burning policy ensures that BNB still has a limited supply, which in theory can increase the value of the remaining tokens. This mechanism provides the potential for price increases for BNB, because the number of tokens in circulation continues to decrease.
Can Get Free Crypto
You can also get free crypto by having BNB. Such as staking BNB in the launchpool to get new tokens before the tokens are launched on the market or locked BNB that you have in Megadrop to participate in various airdrops in the Binance ecosystem.
Current Price: $702.51
forget (forget)
Privacy is an increasingly widespread issue in the crypto world, and Manta Network is here as a DeFi project that focuses on privacy. Manta offers a solution that allows users to carry out transactions anonymously.
Why is Manta Interesting?
Modular Blockchain Architecture
Manta Network is a modular blockchain designed specifically for zero-knowledge (ZK) based applications. This allows flexibility in the development and implementation of various apps that require high privacy and efficiency. This modular architecture means Manta Network can easily adapt to developer and user needs, providing an efficient and secure platform for a variety of blockchain use cases.
Two Main Networks (Manta Pacific and Manta Atlantic)
Pacific Blanket is a layer-2 built on top of Ethereum. Applying Celestia blockchain technology for data availability (DA), Manta Pacific aims to address scalability issues on Ethereum. Manta Pacific uses ZK technology to speed up verification and reduce network load.
Manta Atlantic is a layer-1 built on Polkadot, and is claimed to be the fastest layer-1 on Polkadot. Manta Atlantic adopts ZK technology to increase transaction privacy and efficiency. With ZK, transaction verification can be done without having to reveal complete transaction details.
Focus on Privacy and Speed
Manta Network places privacy as one of its main priorities by implementing zero-knowledge (ZK) technology. Manta's two network system is what makes this project interesting because it provides a different solution from existing projects. While layer-2 offers EVM scalability and compatibility, layer-1 remains the base layer of the blockchain, responsible for network security and ensuring data integrity.
So you could say this Manta is a 2 in 1 product...
Current Price: $1.79
Arbitrage (ARB)
Arbitrum is Layer 2 Ethereum which aims to increase speed and reduce gas fees on the Ethereum network. By using rollups technology, Arbitrum can process thousands of transactions per second at much lower costs than Ethereum plus the Dencun update that has occurred.
Why is ARB Attractive?
Compatibility with Ethereum
Arbitrum is fully compatible with Ethereum, meaning that smart contracts and apps that already run on Ethereum can be easily ported to Arbitrum without much modification. This makes it easy for developers to take advantage of Arbitrum's scalability benefits without compromising Ethereum's rich and diverse ecosystem, while leveraging existing tools and infrastructure.
Guaranteed Security
Arbitrum leverages the security of the Ethereum blockchain, as transactions processed on Layer 2 are ultimately settled on Layer 1. This means that Arbitrum users can enjoy the benefits of scalability and low gas fees without sacrificing security, as they still have the protection of the decentralized and secure Ethereum network.
Ecosystem Support and High Liquidity
Arbitrum has received extensive support from various DeFi (Decentralized Finance) and dApps (Decentralized Applications) projects, as well as leading crypto exchanges that provide high liquidity for ARB. This strong ecosystem support helps drive adoption and increases the liquidity of the ARB token, making it more attractive to investors and users seeking opportunities in the rapidly growing DeFi ecosystem.
Current Price: $1.09
Floki (FLOKI)
Since Dogecoin and Shiba Inu have been widely discussed everywhere, many similar coins have appeared, one of which is Floki. Floki himself was inspired by the name of Elon Musk's pet puppy which he claimed would become a Dogecoin and Shiba Inu Killer. Even though it started as a meme coin, Floki has developed into a project with various features.
Why is FLOKI Attractive?
Active and Solid Community
The first and undeniable thing is that Floki has a solid community. The floki community, namely "Floki Viking" is known to be very active and dedicated in promoting the Floki project on social media and various platforms. In the crypto world, the community has a crucial role in increasing awareness and adoption of a project. Therefore, projects with a solid community like Floki tends to be more popular.
A Continuously Evolving Ecosystem
Apart from being a meme token, Floki has a bigger goal, namely providing clear and useful utility for his token. This project has an ecosystem that continues to develop with various features and products. For example, the first is Valhalla, an NFT Metaverse game that presents an exciting adventure with the largest smart contract infrastructure in the Web3 project. With the play to earn concept, Valhalla is not just a game, but we can also gain profits by using FLOKI tokens. Next there is FlokiFi for DeFi, FlokiPlaces for NFT and others.
Innovative and Collaborative Marketing
Floki is known for his bold, innovative and collaborative marketing strategies. They have established strategic collaborations with various parties, including well-known celebrities and influencers, such as Kimbal Musk (Elon Musk's brother) in the Million Garden Movement which aims to overcome the global food crisis and succeeded in raising $1.4 million for this movement. The project also frequently holds promotions and community events to increase visibility and attract public interest. This powerful marketing initiative helps increase exposure and adoption of FLOKI tokens in various circles.
Current Price: $0.0003097
With various interesting developments in the world of cryptocurrency, June is a month full of opportunities for crypto investment. Make sure you still do in-depth research before making your investment decision!
Disclaimer :
This article was created for educational purposes and is not an invitation to buy or sell certain crypto assets. Every investment decision is the responsibility of each individual.
