With the month of May coming to a close on a negative note, another month is incoming, and price actions in the cryptomarket is getting more and more interesting. While many crypto investors lost some money on trades during May, here are the top 4 cryptocurrencies that could potentially breakout during the month of June.
Ref : Coinlib.com
Cardano is a high-quality technology with a very brilliant development team. It currently trades at $0.21, which is a major support level. In the past, Cardano reached the $1 mark during the massive bull run of late 2017. Recording more than 80% of losses, Cardano is currently at a good price level for an entry point.
Ref : Coinlib.com
Tron is launching its MainNet on May 31, and investors and developers are very enthusiastic of the project. As the MainNet launches, price action is expected to spike up, undergo minor correction, and then breakout upwards. Currently trading at $0.06 level, Tron is expected to rise in the coming months.
Wanchain is another brilliant cryptocurrency project. It currently trades at $4.50 level, and is expected to recover decently in the coming weeks and months. All-time high price was able to reach the $9.8 level, so getting in at current price level is a good idea. Market capitalization is currently sitting at $480 million level, and could reach the $500 million in the next few weeks and possible $1 billion by the end of the year.
Ontology is a good blockchain innovation. It is also set to launch is MainNet during the second quarter of 2018, which means that the launch could happen anytime this June. The MainNet is expected to propel the price of Ontology to all-time highs. As of press time, Ontology trades at $6.57 level and all-time high was recorded at around the $10 level last May 3.
Since the opening of 2018, cryptocurrency prices took a massive hit. As 2018 comes to the mid-year mark, we are expecting decent recoveries from the cryptomarket as a whole. For the month of June, these are the four cryptocurrencies to look out for.
(DISCLAIMER: This is not financial advice. The analysis and recommendations provided here are based on my own research and personal opinion. Trade wisely!)