About to soar: 4 altcoins with 100x potential!
June is full of possibilities. June will not only have various important events, but will also be the prime time for the investment market.
In the coming June, we will witness a series of exciting events. First of all, the grand Apple Developer Conference will be held on June 10, when many innovative products and technologies will be unveiled, leading the technological trend. In addition, the highly anticipated GPT-5 will also be released this month, which will bring a new breakthrough in the field of artificial intelligence. At the same time, the European Cup will also ignite football passion, and football concept stocks such as CHZ and Lazio will also be hotly sought after by the market. In the investment market, the market had a net inflow of about US$45 million in BTC ETF yesterday, and Grayscale's GBTC outflow was about US$100 million, but BTC still fluctuated around 68,000. In the coming June, we expect the market to show new vitality and opportunities. Whether it is technology, sports or investment, there are countless highlights to look forward to.
1. SHIB
As a cryptocurrency based on Internet hot memes, SHIB was born as a fun tribute to Doge. SHIB's core value lies in its strong social media influence, strategy of reducing supply by burning tokens, and its constantly improving ecosystem.
On the daily candlestick chart, SHIB's price has steadily recovered driven by an upward trend line. This momentum has lifted it from the low of 0.0000183 on April 13 to 0.000024, a 40% increase.
Shiba Inu's market capitalization currently reaches $14.7 billion, while the 24-hour trading volume has dropped to $250 million.
If the aforementioned support level can be maintained, buyers may break through the swing high resistance of 0.00003. This breakthrough will further confirm the shift in market sentiment from selling on the rise to buying on the pullback. The rebound after the breakthrough may push this asset to 0.000038 or even higher to 0.000054.
2.Floki
FLOKI, a cryptocurrency inspired by Internet memes, has emerged from its original fun tribute to Musk's Shiba Inu. At the core of the Floki ecosystem is Valhalla, an NFT gaming metaverse where players can earn rewards by participating in activities such as combat and asset trading. Floki’s price is showing weak bullish momentum against the backdrop of the current market consolidation, which has caused it to drop from 0.000313 high. This downward trend has caused the price of the "meme coin" to drop by 160.0000259 and the market value to $24.4 billion.
If supply pressure continues, the price of the coin may fall another 20% to seek support at the rising trend line. This dynamic support line has maintained a bullish trajectory for nearly three months and is expected to restore the weak bullish momentum for Floki.
Once it rebounds from this support level, the price of Floki may break through the ceiling of $0.0000313 and continue its upward path.
3.ondo
Ondo is a leader in the field of real-world assets. According to Google, "Ondo Finance improves the current DeFi to TradFi track and provides access points to real-world assets, bringing institutional-grade products to the chain. USDY is Ondo's latest product. This interest-bearing stablecoin provides a direct and fully compliant way to obtain US dollar-denominated returns."
Blackrock is using Ondo in its RWA tokenized fund BUIDL. Being associated with New Narrative (RWA) and Blackrock is a great way to get recognized (think institutional money).
It is already trading on Coinbase and Kraken, and its token price is $1.33 as of this writing. Retailers tend to buy a lot of tokens, so its low price point is easy and attractive for anyone with any budget.
The RWA asset class has plenty of upside. The current RWA market cap is only $9 billion (0.3% of the entire crypto market cap). Also, there are a limited number of projects in the space, so when this trend catches on, people will get exposure by holding Ondo.
Like Pepe, every influencer knows about Ondo. It can be safely listed as a buy because the price is only going in one direction — up.
4.SUI
Sui is a Layer 1 dark horse that I am very bullish on. Compared to Pepe and Ondo, it does not receive a lot of attention from influencers. Its price performance is in sync with Aptos and Sei. However, Sui is much better than these alternatives. I’ve spent a lot of time in different ecosystems, and I like several unique attributes of Sui.
The backers behind Sui are former Facebook employees who worked on the Diem stablecoin project. This gives them a competitive advantage in creating an ecosystem that combines the convenience of Web2 with Web3.
The user experience is great. I love that when exchanging Sui, I don't have to do a separate permissioned transaction or perform another transaction on the decentralized application. With just one click, my transaction is complete.
They are constantly (almost daily) updating the SUI ecosystem, some of which include a testnet for potential upgrades to make Sui the fastest blockchain to achieve finalization, and they recently announced a total value locked on the chain of $750 million.
Raoul Pal is a member of the Sui Foundation. Everything he touches is well done. Although the price of Sui is low, I am happy that I can now buy it for less than $1 and earn 20-40% annual interest by lending it and working with Sui. I hope these returns increase as the price of Sui rises.
Caishen has created a high-quality circle. If you want to know more about the relevant knowledge and first-hand cutting-edge information of the currency circle, click on the avatar to follow Caishen, and the skirt will publish market analysis and high-quality potential currency recommendations every day.
