2 Altcoins to Keep an Eye on in June 2024đ€Żđđ„
The Rise of $PEPE Prices Could Persist
The price of #PEPE has not only made it the top-performing meme coin but also the best-performing altcoin in the past month. The frenzy surrounding meme tokens has propelled PEPE to all-time highs, securing its position among the top 20 crypto assets globally.
Currently trading at $0.00001474 after hitting an all-time high of $0.00001725, investor optimism remains steadfast despite these fluctuations.
The Average Direction Index (ADX), a crucial indicator for measuring trend strength, is above the 25.0 threshold, indicating a robust upward trend that could potentially continue.
However, if profit-taking ensues, PEPE's price may lose support at $0.00001430, potentially dropping below $0.000012000.
The International Football Season Could Benefit Chiliz ($CHZ)
Chiliz ($CHZ), known for its platform that powers fan tokens through Socios.com, is striving to establish its own native token. These fan tokens are predominantly associated with sports teams, particularly football.
With the international football season approaching, fan tokens may experience heightened liquidity. Events like Euro 24 and Copa America will be pivotal in influencing fan token transactions.
This increased activity could benefit CHZ as network and asset utilization rise. Consequently, the altcoin may break through the $0.154 barrier, surpassing $0.167, potentially reaching its highest level in 2024.
However, given the volatile nature of the crypto market, the possibility of a failed breakout remains significant. In such a scenario, CHZ may decline to $0.138 or lower. Stay vigilant and monitor market conditions closely.
