This month, we have seen exciting movements in the world of cryptocurrencies, especially on Binance. Here is a list of the top 5 tokens to watch out for in June 2024. Let's review these tokens, take a look at the projects behind them, recent price movements, and future price predictions.
1. Queen of coins in June!! 💰
BNB (Binance Coin)
Information about the project:
Binance Coin (BNB) is the official currency of Binance, one of the largest cryptocurrency exchanges in the world. BNB is used to reduce trading fees on the platform, participate in initial coin offerings (IEO) on the Binance Launchpad, and is also used for Binance Smart Chain transactions.
Recent price movements:
In June, BNB saw a 15% rise, rising from $520 to $712 and reaching an all-time high. This growth is due to new updates to the Binance Smart Chain and improvements to the infrastructure.
Future price forecasts:
BNB is expected to continue to rise as the use of Binance Smart Chain continues to grow and the DeFi and NFT ecosystem on the platform expands. Expectations indicate that BNB will reach $900 by the end of the last quarter of the year.
2. The silent monster 😈
ETH (Ethereum)
Information about the project:
Ethereum is a blockchain project known for offering smart contracts and supporting the development of decentralized applications (dApps). ETH is the platform's main currency, and is used to pay transaction fees and run applications on the network.
Recent price movements:
The price of ETH rose from $3,000 to $3,860 in June, an estimated increase of 16.6%. This increase is due to the expected upgrade of the Ethereum 2.0 network, improvements in network performance, and the SEC's acceptance of Ethereum investment funds.
Future price forecasts:
With the upgrade to Ethereum 2.0, analysts expect the price of ETH to reach $7,000 by the end of the year, especially if transaction speed is improved, gas costs are reduced, and liquidity enters from major companies applying for Ethereum investment funds.
3. Fast butterfly 🧚🏻♀️
SOL (Solana)
Information about the project:
Solana is a high-performance blockchain platform that claims to be able to process more than 50,000 transactions per second. SOL is used as the main currency of the network and contributes to the security of the network through staking.
Recent price movements:
SOL saw a notable rise of 22%, from $145 to $172 in June. This rise came as a result of new partnerships and increased adoption of DeFi and NFT projects on the Solana network.
Future price forecasts:
With its high speed and low transaction fees, SOL is expected to reach $500 in the coming months, supported by an increasing number of projects built on Solana.
4. The cute puppy🐶
BONK (Bonk)
Information about the project:
Bonk is a project based on the “meme coin” model and aims to build a strong community around it. The project interacts closely with the community through creative marketing campaigns and reward distributions and is much loved and has a huge and kind audience.
Recent price movements:
BONK saw a 25% rise, from $0.00002 to $0.00004 in June. This growth is attributed to the growing interest from the community and investors in meme currencies.
Future price forecasts:
With the growing popularity of memes and continued community support, the price of BONK is expected to reach $0.00005 by the end of the year.
5.#RWAReal World Origins 💼
OM (MANTRA)
Information about the project:
It is a project focused on decentralized financial solutions (DeFi) and supports lending, borrowing, and staking. OM token is used as the main currency of the network to operate decentralized services and secure the network.
RWA tokens are digital tokens that represent ownership or stake in physical assets. These assets can include real estate, commodities, stocks, bonds, and other tangible assets. The primary goal of RWA tokens is to bring the benefits of blockchain technology, such as transparency, liquidity, and accessibility, to the world of traditional finance.
Recent price movements:
OM price increased by 20%, from $0.57 to $0.91 in June. This growth is attributed to new partnerships and continuous improvements in the DeFi services offered on the network.
Future price forecasts:
With the increasing adoption of DeFi solutions and the expansion of MANTRA services, the price of OM is expected to reach $1.2 by the end of the third quarter of 2024.
In conclusion, these five coins are among the best and most promising for June 2024. Remember that investing in cryptocurrencies carries significant risks, and personal research and analysis should always be done before making any investment decision.
