​​4 Altcoins To Watch Closely In June

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Last Updated June 9th 2022
5 Min Read

Diversify your portfolio with these top altcoins and generate massive returns in the long run.

Blockchain technology has made its place in a variety of fields, including the Internet of Things (IoT), finance, governance, access control, web decentralization, and asset tracking. This has significantly increased the adoption of blockchain technology on a large scale. Moreover, with numerous potential altcoins available, investors have multiple options to diversify their portfolios. To help you choose, here are the top 4 altcoins to watch closely in June. 

Key Points 

  • ADA is one of the top altcoins to watch closely in June because of its continuous upgrades and network developments.
  • The launch of Cosmos’s first decentralized finance interface has significantly pushed its price, adding it to the list of the top altcoins.  
  • Polygon aims to stimulate cryptocurrencies’ mass adoption by addressing the scalability issues experienced by blockchains, making it a good fit for you to invest in 2022.
  • Polkadot is at its peak lately in terms of developments, which is why DOT is worth adding to your watchlist in June. 

 

Cardano (ADA)

Cardano is considered one of the fastest-growing crypto assets, making it one of the altcoins to watch closely in June. 

Cardano network offers a platform for developers where they can build smart contracts and decentralized applications (dApps). The network plays a key role in the world of decentralized finance (DeFi), allowing people who don’t have a bank account to gain access to financial services. The network’s native token, ADA, allows people to send money across borders without paying a commission. Thanks to the smart contract platform used by Cardano called Plutus, all related activities can be conducted rapidly and at lower transaction fees. 

Cardano had an array of significant updates. With the Goguen upgrade, it offered token lock network features. Further, ADA price hit an all-time high with the launch of the hard-fork Alonzo in early September 2021. The long-awaited upgrade brought smart contracts to their

blockchain, allowing developers to build decentralized apps and helping ADA enter the world of DeFi and NFTs.

The present optimism around ADA’s price rise is the most widely anticipated launch of the Vasil hard fork. It introduces pipelining on the network, which will enhance block diffusion for better scaling. The hard fork will also enhance the experience of developers on the Cardano chain, boosting adoption. 

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Cosmos (ATOM)

Thanks to the rapidly growing Cosmos ecosystem, ATOM is one of the top altcoins worth adding to your watchlist.

The Cosmos network hails itself as blockchain 3.0 and aims to build an ecosystem of independent interconnected blockchains, allowing them to interoperate while retaining their security properties. Thanks to its unique network architecture, it has been able to address several limitations of cryptocurrencies like scalability, usability, and sovereignty.

Along with smart contract functionality, the Cosmos ecosystem offers a safe and highly secure system of transactions and trading with no middlemen involved. ATOM is one of the top 4 altcoins to watch closely now as there has been a significant increase in its price in April, with the asset manager Greyscale Investments announcing a quarterly rebalancing of its crypto funds and adding Cosmos to it. Moreover, the crypto has several upgrades like The Rho upgrade in the pipeline. The upgrades will essentially improve interchain security and ease of use for developers and users. Therefore Cosmos is definitely an altcoin to watch closely in the June. 

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Polygon (MATIC)

The increase in MATIC prices was mostly triggered by increased interest from institutional investors. 

Originally known as the Matic Network, Polygon was created to scale Ethereum and enhance the infrastructure. The project aims to make transactions cheaper and quicker on the Ethereum blockchain. It was designed to address some of the crucial problems associated with the Ethereum blockchain, such as high transaction fees and network congestion, without sacrificing security. A unique feature of the network is its transaction fulfillment technology, which allows up to 65,000 transactions per second on each side chain. 

Thanks to the recent launch of Polygon Nightfall, MATIC is certainly one of the top altcoins to watch closely in June. With Polygon Nightfall, developers have taken a hybrid approach to scalability. Leveraging the cutting-edge Optimistic-Zero Knowledge technology, it offers businesses an accessible blockchain network with top-end privacy features.  

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Polkadot (DOT)

Polkadots’ emphasis on addressing real-world issues has made it one of the top altcoins to watch closely in June. 

Polkadot is set to retake the spotlight in 2022 after the market crash. This open-source sharding multichain protocol can facilitate cross-chain transfers of information and asset types. The network's interoperability aims to develop a decentralized and private web controlled by its users and simplify the development of new applications, institutions, and services. The unique protocol connects public and private chains, permissionless networks, oracles, and future technologies. 

A special feature called the layered relay chains enables the network to accommodate an increase in the number of shards that may add to it, driving the network’s adoption rate. DOT allows developers to easily establish chains and apps that rely on a standard security model, eliminating the need to worry about recruiting enough miners or verifiers to protect their chains.

The network’s blazing speed, a robust and rapidly growing developer community and increasing real-world adoption by corporations have positioned DOT as the top altcoins to watch closely this month. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply

The Bottomline 

These top 4 altcoins are worth watching closely in June as they have risen to prominence, becoming major players in the digital currency market. Moreover, considering their growth potential, updates, and plans, they have the potential to go to the moon soon and are worthy of your attention and investment.

Read More:

How To Buy Cardano (ADA) - Beginner’s Guide

The 5 Best Ways to Buy Cosmos (ATOM)

How To Buy Polygon (MATIC)

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