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Three coins that could be worth twice as much in June
Cryptocurrency investors are constantly on the lookout for coins that have the potential to generate substantial returns. Despite the recent market downturn, three prominent cryptocurrencies have emerged as strong contenders to achieve 2X gains in June. Ethereum (ETH), Solana (SOL) and Cardano (ADA).
These coins have demonstrated resilience and have the fundamentals to potentially double in value over the next month.
Read too: Ripple: How High Can XRP Go in June 2024?
Ethereum (ETH)
Ethereum has been at the forefront of the decentralized finance (DeFi) and non-fungible token (NFT) revolutions. Despite experiencing a 3.65% drop in the last 24 hours, with a current trading price of $3,700.55, Ethereum’s strong fundamentals and upcoming network upgrades suggest it may be poised for significant growth in June.
The 24-hour trading range for ETH is between $3,552.64 and $3,839.42, indicating a relatively volatile market. However, with the SEC’s approval of ETH ETFs, Ethereum could be headed for a potential rise.
Read too: Cryptocurrency: Top 3 AI Coins That Could Rise 100% in June
Solana (SOL)
Despite a 5.25% drop in the last 24 hours, with a current trading price of $165.33, Solana’s impressive transaction yield and low fees have attracted a growing number of developers and projects to its ecosystem.
The 24-hour trading range for SOL is between $162.87 and $180.17, indicating a relatively wide spread. As more projects are built on the Solana network, demand for SOL tokens could potentially increase. This could lead to a 2X price increase in June.
Read too; Top ERC-20 Cryptocurrencies to Buy Now as Ethereum ETF Approval Nears
Cardano (ADA)
Despite a 3.49% drop in the last 24 hours, with a current trading price of $0.462, Cardano’s strong community and upcoming network updates suggest it could be poised for significant growth in June.
The 24-hour trading range for ADA is between $0.4486 and $0.4876, indicating a relatively narrow spread. Furthermore, as more developers and users discover the potential of the Cardano ecosystem, demand for ADA tokens could increase, leading to a 2X price increase in June.
Although the cryptocurrency market is known for its volatility and unpredictability, Ethereum, Solana, and Cardano have emerged as strong contenders to achieve 2X gains in June.