Altcoin cryptocurrencies took the biggest hit during the crypto crash in May.
Bitcoin dominated 41% of the crypto industry while altcoins not in the crypto top 10 held 20%. After the crash Bitcoin's market share rose to 46% while the altcoin share fell to 15%.
In June, altcoins are popping with some – like Unifi Protocol DAO – rocketing 233% in the past 24 hours. EverGrow Coin has been up 15% while Green Satoshi Token is up 9% in the past day.
Below we'll look at each in turn.
EverGrow Coin has taken DeFi by storm with one of the simplest mechanisms for crypto passive income generation.
From a 14% transaction tax, 8% is redistributed as BUSD rewards, with 3% set aside for liquidity, 2% for buyback & burn, and 1% for marketing. Since launching in September last year the EverGrow Coin BUSD rewards are over $37 million to date.
The buyback & burn feature has also removed 53% of the EverGrow Coin supply from circulation.
In the next few weeks EverGrow Coin will drop an NFT marketplace and content subscription platform, all designed to drive crypto adoption and increase trading volume in EverGrow Coin. Of course, more volume means more BUSD rewards for long-term holders of EGC.
With one of the most robust roadmaps and a fully transparent development team behind it – including investment professionals – EverGrow Coin is a top altcoin cryptocurrency popping in June 2022.
Unifi Protocol DAO is popping 233% in price today.
From a low of around $3 yesterday, UNFI has jumped to $11. Just a few hours ago this was as high as $37. The project launched in late 2020 and rocketed to an all-time high of $42 in March 2021.
Unifi Protocol DAO is a DeFi project which helps enterprises develop their own DeFi solutions. It builds on Ethereum but aims to include more blockchains in the future. UNFI stakers can also receive rewards.
Investors in Unifi Protocol DAO include Binance, HBTC, and Chain Capital.
Green Satoshi Token (GST) is up 9% in the past day.
SOL rose from a low of $0.6 to $0.67 in the past 24 hours. Green Satoshi Token is currently listed as a trending topic on CoinMarketCap. Google Trends data also shows Green Satoshi Token seeing its highest frequency of searches this week for the past 12 months.
Green Satoshi Token is the native token of STEPN, a web3 lifestyle app that encourages users to walk, jog and run outdoors while wearing NFT sneakers. STEPN users can earn GST tokens by keeping active. The goal of the project – built on Solana – is to encourage healthier lifestyles. STEPN launched in August 2021 but Google Trends data also shows it receiving the highest search traffic this week for the past 12 months.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.