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Cryptocurrency has been growing and it seems nothing can stop its growth. Countries all over the world are embracing this new form of currency and shifting toward a digital mode of payments. Yet, May wasn't a good month for cryptocurrencies as it took a bad hit, hampering the value of almost all cryptocurrencies. As we have entered the month of June, we can expect the best cryptocurrencies to invest in this month to rise and shine.
Bitcoin price fell as much as half its value. Other cryptocurrencies were affected too. This proves the volatility of the crypto market. So, which are the best cryptocurrencies to invest in June? Let's have a look.
If you are amazed, the rundown didn't start with Bitcoin, it is time to shift your focus to other good cryptos to buy this month. Ethereum came down to US$2,300 from $4,300. However, it is slowly and steadily picking up. Experts suggest that Etheruem holds the potential to beat Bitcoin this month and become one of the top cryptocurrencies to invest in June.
US Current Price: $2,646.28
Cardano is the best crypto to buy today as a lot of new improvements and developments will take place on the blockchain. With this, it holds immense potential to deliver long-term benefits with regard to investment purposes. IOHK, supporting Cardano, announced a new initiative called Alonzo hard fork. It will empower smart contract functionality on the Cardano blockchain.
US Current Price: $1.77
Bitcoin cash makes the list of best crypto to invest in because of its faster processing of transactions with low fees. This crypto offers scalability, which implies its potential to grow in the future is huge. Now is the best time to invest in Bitcoin Cash as the prices have slashed down.
US Current Price: $686.77
Ripple is becoming quite popular as it won the lawsuit where The Securities and Exchange Commission (SEC) didn't give permissions to access to private documentation of Ripple Labs' legal status. This popularity is boosting the growth of Ripple. Also, it intends to go public. This should be a major factor to consider if you wish to invest in the best crypto in June.
US Current Price: $1.01
If you haven't heard of this crypto, it is time to consider this as the best cryptocurrency to invest in 2021 as it has more than US$120 billion in digital assets. Independent blockchains are formed on the Cosmos Hub that ensures the transfer of assets and enables communication through a breakthrough called Inter Blockchain Communication.
US Current Price: $14.14
If you wish to know everything about Polygon, head to this article that will tell why it is the best coin to invest in now. Did you know it grew by 9,000% in 2021? This figure itself should be one sole reason for you to invest in polygon right away.
US Current Price: $1.82
How can I not mention Dogecoin, the meme-inspired and the most popular cryptocurrency today? It is the fourth-largest cryptocurrency by market cap and has grown by 13,000% in just 5 months of 2021. The price of Dogecoin is low right now, go ahead and invest as it is the right time to invest in this coin.
US Current Price: $0.3755
The compound is basically a lending platform on Ethereum that enables users to not sell their crypto assets for them to procure liquidity for other activities. This is an innovation in the DeFi space and hence experts recommend that it is the best crypto to buy today.
US Current Price: $432.28
After Dogecoin, Shiba Inu is the most popular as well as the cheapest cryptocurrency to buy right now. It has gained significant momentum after Elon Musk's SNL appearance. This led to a decrease in the price of Dogecoin by 30%, which was quite beneficial for Shiba Inu.
US Current Price: $0.000008782
Polkadot is again innovation in blockchain technology that will transform the decentralization of the internet. There are three reasons why it is growing – security, speed, and governance. Unlike other cryptocurrencies, Polkadot's blockchain can be easily scaled globally.
US Current Price: $23.88
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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.
