Top 2 Altcoin PUMPS For June 2024 Crypto Rally
1) Ethereum (ETH)
Ethereum (ETH) is on this list for a good reason. On 23rd May, the SEC approved 8 Ethereum spot ETFs. BlackRock, Fidelity, and Grayscale are among the companies that will offer these ETFs. However, the same thing as during the Bitcoin approval. Upon approval, the crypto prices dump. Bitcoin and Ethereum were down around 4% on the 24th of May.
Once the actual ETH spot ETF trading starts, the price should go up. I expect that ETH will break the $4k barrier. Once that happens, closing in on its ATH of $4.878 is the next target.
2)Near Protocol (NEAR)
NEAR Protocol started as an AI project. However, soon it pivoted towards crypto and became an established blockchain project. It offers sharding, which allows for fast and cheap transactions.
To get an idea about what sharding is, think of a supermarket. There’s only one cashier open. As a result, there’s a queue. However, once the supermarket opens with more cashiers, the queue disappears. The NEAR blockchain with its sharding works similarly. In other words, it can process transactions fast.
It made its name in ‘DA’ or Data Availability and cloud computing. DA means that data is easily accessible and safely stored. However, recently, NEAR announced a swing back to AI. So, from decentralized cloud computing to decentralized AI. Their roadmap for the next 3 to 6 months shows a transition to start building user-owned AI. 4 These are their plans:
New Research Lab: NEAR AI — For developing decentralized AI.
AI Incubator and Investment — For AI projects on NEAR.
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