The last few days have been pretty stressful in crypto. BTC and ETH dipped hard before the FOMC and alts bled bad. A lot of liquidations happened across the board and a lot of weak hands were shaken out. For an average investor, this could seem like doomsday. But for smart investors, this was a fire sale on a lot of coins that could see ugly rallies once money starts moving into alt coins. Here are 5 coins that I feel should be good buys in the month of June.
ENA
ETHFI
TENSOR
TON
PEPE
1. ENA
The 2nd date for the ETH ETF is around August. If BTC holds here, ENA being an ETH beta asset should be an incredible trade to take. We have already seen ENA trading over $1.4 so the prices right now are almost at half of that and even if it hits its all time high again, that’s a good 2x trade from here. ENA should go a lot higher though, based on its tokenomics so for me, ENA is a good pick.
2. ETHFI
We have already seen ETHFI perform really well lately and just like ENA, ETHFI is also an ETH beta asset. With the future looking good for ETH, there’s a good chance ETHFI will continue to rally like it has. Good coin to load up on in dips.
3. TENSOR
Tensor is the biggest NFT marketplace on Solana. Solana has been outperforming every other major coin and due to general interest in memes, the volume Solana has seen insane all time highs lately. This cycle, memes on Solana will continue to lead the market and by association, Solana related platforms should perform well.
4. TON
TON has been an incredible new contender in the market. Their association with Telegram has allowed them to have access to millions of users and they have hit the crypto coin race hard. The chart looks incredible and this is a chain that’s just getting started. With massive marketing pushes and developments on the way, TON seems like a no brainer coin to bet on at the moment.
5. PEPE
Like I have mentioned earlier, this cycle will be led by memes. They are here to stay and a majority of retail traders are FOMOing hard on memes. PEPE is a great contender due to its brand recognition and familiarity and whenever the next big meme rally comes, PEPE is a coin that will definitely move.
This is all my personal opinion though and definitely not financial advice. Everything in crypto is subjective to market conditions and external factors and things could change very quickly. Always remember to only put money you can afford to lose.
WAGMI. ❤️
