The world of crypto continues to grow rapidly, presenting exciting opportunities for investors amidst a market revival in June 2024. Beyond big names like Bitcoin and Ethereum, there are innovative altcoins worth considering. This article will cover 6 altcoins you need to pay attention to in June:
1. Filecoin (FIL):
Filecoin is a decentralized storage system that aims to "store humanity's most important information." The project was first described in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is an open, blockchain-backed protocol that records commitments made by its network participants, with transactions carried out using FIL, the blockchain's native currency. This blockchain is based on proof-of-replication and proof-of-spacetime.
Focus: Decentralized storage
Selling Points: Provides a secure and efficient data storage solution, with high growth potential as demand for distributed data storage increases.
Advantages of Filecoin
Secure and Reliable Storage: utilizes distributed data replication, so your data is safe from damage or loss of single data.
Efficient Storage Costs: uses an open market model. This allows for more competitive pricing compared to traditional cloud storage solutions.
Real Data Ownership: users have full control over their data. This provides high data privacy and security
Earning Potential: Storage space providers on Filecoin can earn revenue by renting out their storage space to users.ย
Eco-Friendly: uses an energy-efficient Proof-of-Space consensus mechanism
Thriving Ecosystem: has an active and rapidly growing community that continues to build new applications and services on top of the platform.
Institutional Support: received support from various well-known institutions, including Sequoia Capital, Andreessen Horowitz, and Galaxy Digital.
FIL Technical Analysis
Yesterday's decline in FIL made FIL plunge until it touched support on a large time frame. For now, FIL is still in the accumulation phase, to validate CHoCH in a bullish direction, FIL must be able to penetrate the price of $6.73. invalidation if FIL push lower
2. WIF
Dogwifhat is a meme cryptocurrency (meme coin) that runs on the Solana network and is inspired by the image of a fedora hat.
Focus: Memecoin, Community
Selling Value: Providing memecoins in crypto with value created by the community
Advantages of Dogwifhat
Strong Community: has an active and enthusiastic community that helps promote and develop the coin. A strong community can play an important role in increasing the value and adoption of a coin.
Virality Potential: The nature of the #dogwifhat memecoin makes it easy to share and talk about on social media, potentially increasing its popularity and attracting new investors.
Affordable Price: WIF's current price is still relatively low, making it easily accessible to investors with small budgets. This can attract new investors and increase demand for the coin.
Development Potential: WIF is still in the early stages of development, with much room for innovation and growth. The WIF community and developers are constantly working to improve the coin and add new features.
Technical Analysis $WIF
Wif has returned to the bullish phase, where he has CHoCH and is currently retesting to the support area. can be monitored in the 2.95 and 2.6 areas.
3. MYRO:
is a cryptocurrency that runs on the Solana blockchain. Myro was designed as a community-driven project, aiming to make crypto more accessible to everyone. Uniquely, Myro is the name of the dog belonging to Raj Gokal, one of the founders of Solana. The project pays homage to him, and his dog, and responds to the popular demand for dog-based narratives in the crypto space
Focus: Memecoin, Community
Selling Value: Providing memecoins in crypto with value created by the community
Myro advantages
Strong Community: has an active and enthusiastic community that helps promote and develop the coin. A strong community can play an important role in increasing the value and adoption of a coin.
Virality Potential: Myro's #memecoin๐๐๐ nature makes it easy to share and talk about on social media, potentially increasing its popularity and attracting new investors.
Development Potential: still in the early stages of development, with plenty of room for innovation and growth. The WIF community and developers are constantly working to improve the coin and add new features.
Myro Technical Analysis
We can see that #MYRO is in a very bullish phase. he has broken out of resistance, and has retested
4. Manta Network (MANTA):
A Layer-2 network built on Ethereum, enabling privacy and scalability for Ethereum Virtual Machine (EVM) based applications. The network leverages Celestia for data availability and zkEVM for enhanced scalability, making it ideal for DeFi applications, NFTs, and dApps that require privacy and transaction speed.
Focus: A decentralized privacy protocol for crypto transactions
Selling Value: Offers privacy and security for users, potentially in demand along with stricter regulations in the crypto space.
Main Advantages of Manta Network:
Transaction Privacy: Hides transaction details using zk-SNARKs technology, providing privacy for the sender, recipient and transaction amount.
High Scalability: Process transactions quickly and efficiently, even when network volume is high.
Compatibility: Works with existing Ethereum applications and infrastructure, making adoption easy.
Security: Backed by strong cryptographic technology and comprehensive security audits.
Technical Analysis $MANTA
We can see in the chart, in general Manta has broken out from the trendline. however, for bullish confirmation, MANTA needs to break out from the price of $1.9. However, with strong fundamentals, you can consider starting DCA
5. Celer Network (CELR):
The Celer Network is an intelligently designed layer-2 scalability solution that provides off-chain transaction handling. The Celer platform offers fast, simple, and secure off-chain transactions for payments and smart contracts. This project is among the first to be developed using the Substrate framework and is part of the Polkadot ecosystem. Focus: Layer-2 scalability platform for blockchain
Selling Point: Provides a solution to address the scalability issues blockchain faces, potentially playing an important role in the future of blockchain.
Advantages of Celr
Interoperability: designed to be an interoperable platform, this Interoperability opens up new opportunities for collaboration and innovation in the blockchain ecosystem.
High-Level Security: uses a proven Proof-of-Stake (PoS) consensus mechanism to secure the network.
Ease of Use: designed to be easy for developers and users to use. The platform provides a variety of tools and resources to help developers build scalable and interoperable decentralized applications (dApps).
Growing Ecosystem: has an active and growing community that continues to build new applications and services on top of the platform.ย
Institutional Support: has support from renowned institutions, including Binance Labs, HashKey Capital, and Fenbushi Capital.
CELR Technical Analysis
We can see from the chart that CELR has broken out from the accumulation zone and has retested in the Fibonacci area
6. Fantom (FTM):
Fantom is a Directed Acyclic Graph (DAG) smart contract platform that provides decentralized financial (DeFi) services to developers using its own custom consensus algorithm. Fantom aims to solve problems associated with smart contract platforms, in particular transaction speed, which the developer says has been reduced to less than two seconds.
Focus: Proof-of-Stake blockchain platform with fast transactions and low fees
Selling Points: Offers a fast-growing ecosystem with promising DeFi and dApp projects, potentially experiencing growth in June.
Advantages of FTM
High Transaction Speed: FTM is capable of processing up to 300,000 transactions per second, far exceeding the capabilities of traditional blockchains which can currently only process around 15-30 transactions per second.ย
Low Transaction Fees: FTM offers much lower transaction fees compared to other blockchains.
High Scalability: FTM is designed to be scalable and can handle large transaction volumes. FTM's unique architecture uses Directed Acyclic Graph (DAG) technology which enables increased scalability without compromising security.
Smart Contract Compatibility: FTM is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily move existing smart contracts from Ethereum to FTM.
Guaranteed Security: FTM uses a proven Proof-of-Stake (PoS) consensus mechanism to secure the network.ย
Growing Ecosystem: FTM has an active and growing community that continues to build new applications and services on top of the platform.
Institutional Support: received support from various renowned institutions, including Binance Labs, Dragonfly Capital, and Alameda Research.ย
Technical Analysis $FTM
We can see on the chart that FTM has broken out from the trendline and has CHoCH. This shows that FTM is in a bullish phase. Currently FTM is conducting a retest. For the target, FTM may return to the price of $1.16 to $1.3
Please note that this information does not constitute an investment recommendation. The crypto market is highly volatile and high risk. Always do your own research before making an investment decision.
We hope this article helps you explore the exciting world of altcoins and find profitable investment opportunities.
