5 Altcoins with The Highest Open Interest: June Edition
The cryptocurrencies Ethereum (ETH), Solana (SOL), Binance (BNB), XRP, and Toncoin (TON) have seen notable increases in open interest this June, suggesting promising returns in July.
1. **Ethereum (ETH)**
Ethereum hosts the native cryptocurrency, Ether, and enables autonomous smart contracts. Currently valued at $3,384 with a 24-hour trading volume of $11.47 billion, Ethereum remains the second-largest cryptocurrency with a market cap of $406 billion.
2. **Solana (SOL)**
Solana leads in blockchain innovation, particularly in DeFi. Currently priced at $141, Solana has surged 736% over the last year. Its architecture supports decentralized applications with high transaction speeds.
3. **Binance (BNB)**
Binance, the largest cryptocurrency exchange, has a high open interest of $18.70 billion. The Binance ecosystem includes various blockchain services, with BNB priced at $569 and a market cap of $84 billion.
4. **XRP**
XRP is known for quick, cost-effective transactions. Despite legal challenges, XRP remains focused on compliance and innovation. Currently, it trades at $0.4755 with a market cap of $26 billion.
5. **Toncoin (TON)**
Created by Telegram, Toncoin is recognized for its scalable layer-1 blockchain technology. Priced at $7.53, Toncoin boasts a market cap of $18.52 billion and has grown 447% over the past year.
**Bottom Line**
With rising open interest in Ethereum, Solana, Binance, XRP, and Toncoin, these altcoins offer substantial growth potential in July, making them strong candidates for portfolio diversification.