This article will take a look at ten cryptocurrencies that have interesting developments planned for the month of June, which could also have a positive effect on their price.
- Current price: $ 0.419
- Market capitalization: $ 9,641 billion
- Market Cap Rank: # 16
XLM is the native token of the Stellar foundation. Originally based on the Ripple protocol, it was created in June 2016 by Jed McCaleb, who had just left the latter.
Its objective is to increase financial inclusion in areas without financial institutions. In addition, it helps businesses connect with each other through the use of their technology.
It is also known for its minimal fee, which is 0.0001 fixed XLM.
XLM has fallen significantly from its May 16 high at $ 0.798, currently 46% below them. However, it bounced back into the $ 0.35 area, creating two long lower strands, which is a sign of buying pressure.
- Current price: $ 1.11
- Market capitalization: $ 700,258 million
- Market Cap Rank: 98
ICON is a blockchain protocol for decentralized applications. It focuses on interoperability, which means it helps independent blockchains work with each other. The native cryptocurrency of the network is ICX.
ICX has been down sharply since May 8, dropping 74.59% in 15 days. This peaked at a low of $ 0.79 on May 23, just above the 0.78 Fib retracement support level.
- Current price: $ 2,571
- Market capitalization: $ 299,787 billion
- Market capitalization rank: 2
Ethereum is a decentralized open source blockchain. The native currency used in the blockchain is ether (ETH). It was officially launched in July 2015 by Vitalik Buterin.
The Ethereum platform also allows the creation and management of decentralized applications (dApps). So far, over a thousand have been built on the platform.
In addition, as indicated with ICX in the previous section, other cryptocurrencies can use their ERC-20 compatibility, in order to be hosted on the ETH blockchain.
ETH activated the Berlin hard fork on April 15. This brings us closer to ETH 2.0. As the London hard fork approaches in July, three main networks will be tested in June:
- Ropsten – June 9
- Goerli – June 16
- Rinkeby – June 23
ETH has declined since it hit an all-time high on May 12. However, it rebounded into the $ 2,050 support area on May 23 and created a bullish engulf candlestick the next day.
The closest resistance levels are at $ 2,750 and $ 3,050, respectively.
- Current price: $ 0.00397
- Market capitalization: $ 2,632 billion
- Market Cap Rank: 43
BitTorrent is a peer-to-peer file sharing network and torrent platform. In July 2018, it was purchased by the TRON blockchain platform. BTT is the native token, which uses the TRC standard.
Several dApps are powered by BTT including BitTorrent Speed and BitTorrent File System.
BTT will organize a drop in June. Snapshot will be taken June 10, in which all addresses holding BTT will receive a non-fungible token (NFT) airdrop.
BTT has shrunk into a huge falling corner since reaching an all-time high on April 5. The wedge is seen as a bullish reversal pattern. Additionally, it bounced back into the $ 0.0035 support area.
Coti Network (COTI)
- Current price: $ 0.2081
- Market capitalization: $ 140,199 million
- Market Cap Rank: 200
COTI is a platform that aims to help organizations create their own payment systems. It has called itself “the ultimate power grid for payments”.
At the heart of its infrastructure is Trustchain. Based on machine learning, it is a consensus algorithm that processes over 100,000 transactions per second. COTI offers the seven elements deemed necessary for a payment infrastructure:
- Buyer-seller protections
- Price stability
The end of June will have many interesting developments, as noted in the roadmap for 2021.
They include, but are not limited to, the dissemination of Pay, a credit card processing solution, the introduction of margin trading on the platform and the completion of the integration with longtime partner, Celsius.
The COTI has been trading inside a large parallel channel descending since March 1. On May 23, it rebounded just below the channel support line and to the 0.786 Fib retracement support level. He created a bullish engulf candlestick the next day and has been rising steadily since.
- Current price: $ 139.45
- Market capitalization: $ 1.653 billion
- Market Cap Rank: # 56
Zcash is a decentralized cryptocurrency, the main purpose of which is anonymity and privacy. Unlike the majority of other cryptocurrencies, which are pseudonyms, ZEC is completely anonymous. This means that it does not reveal the identity and public address of its users.
It does this using zk-SNARK zero-knowledge proof technology. ZEC was released in October 2016.
The Zcon2 Lite conference will be held on June 8-9. This is an annual conference that will focus on the Zcash ecosystem and more broadly on the themes of privacy. In addition, the NU5 testnet will be activated on June 30.
The zec began to decline on May 12 and continued its downward movement for 11 days. Throughout it, it fell 76.30%, peaking with a low of $ 87.38 on May 23.
It has since risen and is trading in a range of between $ 100 and $ 200.
Twilight Network (DUSK)
- Current price: $ 0.13
- Market capitalization: $ 78,333 million
- Market Cap Rank: 473
DUSK is a privacy blockchain primarily used for financial applications. Companies use it to symbolize financial instruments. It uses blind bidding proof, in order to protect network privacy. Its main use cases are:
- Confidential smart contracts
- Confidential security tokens
- Zero Knowledge Utility Tokens
- Exchange of security tokens
The Dusk Network is a leader in privacy technology, and it remains to be targeted. Therefore, he announced a $ 5 million grant program to attract top talent in the field. The first round of applications begins on June 1.
DUSK has been down since April 9 when it peaked at $ 0.46. The downward movement continued for 44 days, during which time the token lost 81% of its value. It peaked with a low of $ 0.0842 on May 23.
Subsequently, he bounced back and recovered the $ 0.11 area. The same area served as resistance throughout 2020, before the token finally managed to erupt in February 2021.
- Current price: $ 0.666
- Market capitalization: $ 79,057 million
- Market Cap Rank: 417
BEAM is a decentralized finance (DeFi) platform that works using a combination of two blockchain protocols, one of them being the Mimblewimble protocol. It uses a proof of work algorithm.
Its objective is to allow financial counterparties to perform reliable and secure transactions. It supports various custom transaction methods, such as time-locked swaps, atomic swaps, and escrow.
Fork lasts 6.0 for BEAM Will throw June 5. The new updates will include shaders and confidential assets. BEAM has been down since April 11 when it hit a new all-time high of $ 2.10.
The downward movement continued for 42 days, hitting a low of $ 0.256 on May 24. This represents a drop of 78%. The main support and resistance levels are located at $ 0.52 and $ 0.96 respectively.
Orion Protocol (ORN)
- Current price: $ 7.38
- Market capitalization: $ 191,974 million
- Market Cap Rank: # 245
Orion is a protocol that aims to create a single decentralized platform, which includes all centralized and decentralized exchanges. The platform is called Orion Terminal and will also add exchange pools.
Orion’s liquidity pool will be launched in june, allowing users to monetize their inactive assets. In addition, the pilot phase of the Orion Liquidity Boost plugin will also begin the same month.
ORN declines along a descending resistance line since March 22. By following him, he lost 73% of his value.
On May 19 and 23, it rebounded above the $ 6.50 support area. However, it has yet to hit the previously mentioned descending resistance line.
- Current price: $ 0.1022
- Market capitalization: $ 8 million
- Market Cap Rank: # 1138
Argon will be the first blockchain-based freelance platform launched on the Binance chain network. The goal is to eliminate the problems related to trust between two entities. In addition, it will not charge any commission. This is possible thanks to the platform’s native part, ArgonToken (ARGON). The platform will be launched on June 1.
ARGON has been down since April 1 when it hit an all-time high of $ 0.449. Additionally, it fell below the $ 0.135 support area. The next support area is at the all-time low of $ 0.07.
For the latest Bitcoin (BTC) analysis from BeInCrypto, click here.
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