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2 coins to buy that can give you 50% returns
The cryptocurrency market is extremely volatile and needs a strong stomach to digest profits and losses. Although some cryptocurrencies provide investors with million-dollar profits, others tend to make them destitute. Time plays a fundamental role that can make or break a trader’s portfolio and change the course of his life.
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Now that we are halfway through the year, two cryptocurrencies are projected to generate returns of nearly 50%. In this article, we will highlight the top two cryptocurrencies predicted to increase by 50% this month.
Cryptocurrency: 2 currencies that can generate 50% profits
- Shiba Inu
Leading company in on-chain metrics and price prediction CoinCodex painted an optimistic picture for Shiba Inu in June 2024. According to the price prediction, SHIB could rise by 50% this month and reach a new monthly high. The forecast suggests that the cryptocurrency could reach $0.00003767 this month, in June 2024.
This represents an increase of approximately 53.90% from the current price of $0.00002386. Therefore, a $1,000 investment in SHIB today could turn into $1,500 if the prediction is correct.
Read too: Shiba Inu: SHIB price prediction for 2030
2. Pepe Coin
Another cryptocurrency to watch this month is the leading meme coin, Pepe Coin. CoinCodex also predicted that Pepe Coin could recover similarly to Shiba Inu and deliver nearly 50% profits to investors. According to the price prediction, the frog-themed cryptocurrency could reach a high of $0.00002228 this month in June 2024. This represents an increase of almost 53.46% from its current price of $ 0.00001403.
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Both cryptocurrencies could cause investors’ portfolios to fill with profits, read the forecast. However, the cryptocurrency market is volatile and works both ways, causing losses to investors. There is no guarantee that Shiba Inu and Pepe Coin can rise 50% this month. It is advisable to do thorough research before investing in these cryptocurrencies and trade at your own risk.