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

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

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

IoTex (IOTX)

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

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

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

  1. Staking on MetaMask
  2. Increased robustness of P2P transactions.
  3. An improved application programming interface (API).

Since the beginning of April, IOTX has been trading below a descending resistance line. This bearish move took the asset to a low of $ 0.021 on May 12th. Since then, IOTX has been gradually recovering and breaking through its descending resistance line on May 23rd.

If the bullish momentum continues, the main resistance area would lie between the 0.5 – 0.618 Fib retracement resistance levels at $ 0.068 – $ 0.079.

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Monero (XMR)

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

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

Monero tail issues will begin on June 9 after the resolution of block 2,641,623, meaning that from that date, the reward amount will be 0.6 XMR per block.

Since May 12, XMR has moved into an ascending parallel channel before declining on May 27. Despite this decline, the asset has regained strength and is currently trying to recover the channel’s support line.

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

Monero (XMR)
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Cardano (ADA)

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

Cardano is a blockchain that provides security and sustainability for decentralized applications (dApps). This proof of stake based network was created in 2017 by Carlo Hoskinson. The “Alonzo” hard fork, built in 2021, added smart contract functionality to the platform.

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

After hitting an all-time high in September 2021, the price of the ADA cryptocurrency has gradually fallen within a parallel descending channel. The bearish move ended on May 12 as the token bounced off the channel’s midline.

The daily RSI generated a bullish divergence (green line). It has also recently broken through a descending trend line.

If a breakout occurs, the price of ADA could reach $ 1.25.

Cardano (ADA)
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DeFi Chain (DFI)

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

DefiChain is a blockchain platform that aims to maximize the potential of decentralized finance (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 the problems of security, scalability and decentralization. Its nodes are scattered around the four corners of the world, including the United States, Europe, India, Canada and Singapore.

The new block reward system It was launched On May 30, when Block no. 1,928,200, this system offers better rewards on various equity tokens, including those from Microstrategy and Gamestop.

On May 21, DFI broke below an ascending support line it had held for 305 days. If it does not recover this support, the trend cannot be considered bullish.

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Elrond (EGLD)

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

Elrond is a blockchain protocol that offers extremely high transaction rates thanks to its sharding mechanism. This mechanism results in a 1000x improvement in scalability over previous blockchain iterations. Additionally, the platform can handle 15,000 transactions per second at low rates. Recall that its main network was launched in July 2020.

The platform’s native token is called EGLD. It is used for staking, validator rewards and the payment of network fees.

Several major projects are slated for Q2 2022, including Elrond Superwave, Elrond Gamify, and Phase 4 staking.

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

If a break above the resistance occurs, the closest resistance would be near $ 122. According to last fall’s analysis, this is the 0.382 Fib retracement resistance level.

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Mina Protocol (MINA)

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

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

The protocol uses a new mechanism called zero-knowledge succinct tests (zk-SNARKs). In concrete terms, 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 the barriers that prevent developers from working on Mina.
  • Attract new developers to Mina.
  • Enhance the developer experience through faster feedback and iterations.

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

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Earth (MOON)

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

Terra is a public blockchain derived from the Terra Classic network, which housed the UST stablecoin. After the FSO’s loss of parity with the dollar and the subsequent collapse of LUNA, a LUNA 2.0 airdrop was launched on 28 May.

The new Earth was launched on May 31st on Binance.

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

Earth (Moon)
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