Be[In]Crypto presents its top 7 best altcoins for the month of June

The editorial staff at Be[In]Crypto has selected seven promising altcoins for you, which could see significant progress in June.

Here is our list of the seven best altcoins for the month of June.

IoTex (IOTX)

  • Current price: $ 0.039
  • Market value: $ 376 million
  • Market value ranking: # 102

IoTeX is a fast, secure and scalable blockchain. Its goal is to create and develop an open ecosystem where users and machines interact freely with each other, all within the framework of trust. In addition, IoTex uses a blockchain that is compatible with the Ethereum virtual machine (EVM), which also helps with the scaling of decentralized applications (dApps), especially with the solution of the problem of high gas charges.

Version 1.8 of the new one main network was launched on 30 May. This offers several new features, including:

  1. Bets on MetaMask
  2. Improved robustness of P2P transactions.
  3. An enhanced application programming interface (API).

Since the beginning of April, IOTX had been trading below a falling resistance line. This bearish move brought the asset to a low of $ 0.021 on May 12th. Since then, IOTX has gradually recovered and broke over its declining resistance line on 23 May.

If the bullish momentum continues, the main resistance range will be found between 0.5 – 0.618 Fib retracement resistance levels at $ 0.068 – $ 0.079.

Chart after TradingView

Monero (XMR)

  • Current price: $ 204.5
  • Market value: $ 3.71 billion
  • Market value ranking: # 26

Monero is a secure and confidential blockchain that aims to provide complete privacy to its users. It does this by masking sender and recipient addresses using advanced cryptographic technology.

Monero tail issues start on June 9, after block # 2,641,623 is resolved. This means that from that date, the reward amount will be 0.6 XMR per. block.

Since May 12, the XMR had been moving within a rising parallel channel before falling on May 27. Despite this fall, the asset regained its strength and is currently trying to regain the channel’s guideline.

Since the guide line coincides with the $ 200 horizontal resistance zone, it is likely to provide strong resistance. A move above this level is likely to cause the price to rise rapidly.

Monero (XMR)
Chart after TradingView

Cardano (ADA)

  • Current price: $ 0.65
  • Market value: $ 21.9 billion
  • Market value ranking: # 6

Cardano is a blockchain that provides security and sustainability for decentralized applications (dApps). This network, based on evidence of effort, was set up in 2017 by Charles Hoskinson. “Alonzo” hard fork, made in 2021, added smart contract functionality to the platform.

Vasil hardfork, for its part, will be launched on June 29. This fork, which focuses on improving connectivity and network stability, is the second largest update after Alonzo. According to the founder of the project, it will allow many Cardano dApps to benefit from pipelining.

After reaching a record high in September 2021, the price of the ADA crypt gradually fell within a falling parallel channel. The bearish move ended on May 12, when the token jumped off the channel’s centerline.

The daily RSI has generated a bullish divergence (green line). In addition, it recently broke over a declining trend line.

If an outbreak occurs, the price of ADA can reach $ 1.25.

Cardano (ADA)
Chart after TradingView

DeFiChain (DFI)

  • Current price: $ 2.31
  • Market value: $ 1.17 million
  • Ranking by market value: # 212

DefiChain is a blockchain platform that aims to maximize the potential for decentralized financing (DeFi) within the Bitcoin (BTC) ecosystem. For this, it connects to the BTC ecosystem through what is called a Merkle root. The platform offers solutions to issues of security, scalability and decentralization. Its nodes are spread across the four corners of the world, including the United States, Europe, India, Canada and Singapore.

The new block reward system was launched May 30, when block No. 1,928,200 was resolved. This system offers better rewards on multiple equity tokens, including those from Microstrategy and Gamestop.

On May 21, the DFI broke below an increasing guideline that has been held for 305 days. If it does not regain this support, the trend can not be considered bullish.

Chart after TradingView

Elrond (EGLD)

  • Current price: $ 82.31
  • Market value: $ 1.81 billion
  • Market value ranking: # 38

Elrond is a blockchain protocol that offers extremely high transaction rates thanks to its cutting mechanism. This mechanism results in a 1000x improvement in scalability over its previous blockchain iterations. In addition, the platform can handle 15,000 transactions per second for low fees. As a reminder, its main network was launched in July 2020.

The platform’s native token is called EGLD. It is used for bets, rewards from validators and payment of network fees.

Several major projects are planned for the second quarter of 2022, including Elrond Superwave, Elrond Gamify and Phase 4 staking.

Since March 28, EGLD has been within a declining line of resistance. On May 27, this bearish move sent the asset down to a low of $ 65.68.

If a break occurs over the resistance, the nearest resistance will be close to $ 122. According to the analysis from last fall, this is the 0.382 Fib retracement resistance level.

Chart after TradingView

Mina Protocol (MINA)

  • Current price: $ 0.97
  • Market value: $ 513 million
  • Market value ranking: # 88

Mina is a blockchain that promises to run dApps more efficiently. Despite its growing use, its size is designed to remain constant. Therefore, it is considered a “concise blockchain”. This network, called “Coda Protocol”, was renamed “Mina” in October 2020.

The protocol uses a new mechanism called zero-knowledge concise evidence (zk-SNARKs). Specifically, this system allows him to verify information without disclosing it.

The zkApps Builders program will be launched in the second quarter of 2022. It is an innovative project whose main objectives are:

  • Remove barriers that prevent developers from working on Mina.
  • Attract new developers to Mina.
  • Improve the developer experience through feedback and faster iteration.

Between May 11 and May 28, MINA created a double bottom pattern near $ 0.80 (green dots). Although this is considered a bullish pattern, it has not yet resulted in a sustained upside.

Chart after TradingView

Terra (LUNA)

  • Current price: $ 8.77
  • Market value: $ 1.84 million
  • Ranking by market value: # 2806

Terra is a public blockchain separated from the Terra Classic network, which hosted the UST stablecoin. Following the loss of parity between UST and the dollar and the subsequent crash of LUNA, an airdrop of LUNA 2.0 was launched on 28 May.

The new Terra was launched on May 31 at Binance.

LUNA started at $ 4.12 on KuCoin and is currently trading at $ 8.30.

Terra (Luna)
Chart after TradingView

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