Looking for high investment returns? Check out these best 5 altcoins to buy in June.
The crypto haul began in 2009 with the first decentralized cryptocurrency, Bitcoin. Soon after, a wide range of enhanced and upgraded versions of cryptocurrencies emerged, paving the way for the development of the industry we see today, which comprises stablecoins, DeFi, NFTs, altcoins, etc. However, with thousands of options, the market is confusing. Therefore, here is the list of the best 5 altcoins to buy in June 2022.
Polygon (MATIC)
Thanks to the increasing interest in the MATIC token, Polygon is one of the best altcoins to buy in June.
The Polygon network is a framework for creating and building interconnected blockchain networks or "an internet of blockchains." The network has a strong focus on scalability, making it highly attractive for decentralized applications (dApps) that run on the Ethereum blockchain. It also facilitates low-cost transactions, and its unique technology allows up to 65,000 transactions per second on each side chain.
Moreover, Polygon is highly flexible to changes, and upgrades can be implemented without disruption to the existing ecosystem. As a result, MATIC is one of the best altcoins to buy in June, as Polygon has ambitious plans for the future. Polygon is also developing multiple scaling solutions, eventually boosting its adoption rate in the coming years.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cronos (CRO)
The Crypto.com platform grew enormously last year, fueling the price and popularity of CRO.
Cronos, the utility token for the Crypto.com platform, saw significant growth last year, partly reflecting the platform’s aggressive promotional activities. Users can get fee discounts and stake the tokens to qualify for benefits using the CRO token. Other use cases of the token include higher interest rates on deposits and benefits on the Crypto.com prepaid debit cards.
One key reason that pushed Cronos to the list of the best 5 altcoins to buy in June is that Crypto.com has invested heavily in advertising to establish its brand and attract new customers. Some of its successful programs include a global ad campaign starring Matt Damon and buying the naming rights to the Staples Center, which is now called the Crypto.com Arena. Cronos aims to position itself as a true finance company with top-rated security in key markets like the United States, Singapore, and more. Its ecosystem defines the next major phase in the adoption and utilization of Web 3.0 by hundreds of millions of users.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Near Protocol (NEAR)
NEAR has been growing in strength since its inception, making it one of the best 5 altcoins to buy in June 2022.
NEAR Protocol is a layer-1 blockchain created as a cloud computing platform. The purported goal of the network was to remove most of the issues that slowed down opposition blockchains. A unique factor of NEAR is that it's on its path to creating the decentralized, permission-less open web, and it entirely relies on code and users instead of authority or person.
NEAR Protocol can complete over 90,000 transactions per second with a new instant transaction finality. It can also keep transaction fees at 0%, allowing users and developers to enjoy the platform without stress.
The NEAR protocol fosters wider adoption by optimizing user and developer benefits. It allows entrepreneurs and developers to create decentralized applications and open-source software that can generate cash flow and maintain a user’s ownership of the data.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Uniswap (UNI)
Uniswap is a credible DEX among crypto investors, adding it to the list of the best altcoins to buy in June.
Unlike other DeFi exchange platforms, Uniswap is one of the early adopters of the Automated Market Makers (AMM) protocol for price prediction in the DeFi industry. Being the world’s top DEX, Uniswap represents a fundamental shift in the market. It is a decentralized exchange that runs on the Ethereum blockchain. The exchange facilitates the seamless buying and selling of coins, allowing parties in a trade to come together for transaction purposes.
Thanks to good stats, UNI is a lucrative platform for developers to contribute codes. Reports show that Uniswap has received 1,000 code submissions per day on Github crossing Solana’s record.
Uniswap is one of the best 5 altcoins to buy in June 2022 as it is paving its way into the development industry, where programmers can explore and leverage what the platform offers. The crypto rose to its stardom due to its open nature, simplistic interface, and highly flexible network.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chainlink (LINK)
Chainlink is one of the most promising altcoin projects within the metaverse.
Chainlink is a decentralized oracle that provides real-world data to various smart contracts on the ETH blockchain. It aims to bring interoperability to the blockchain industry. LINK facilitates the seamless transfer of secured data from off-chain sources to smart contracts on the blockchain. Unlike other exchanges and wallets, it is tamper-proof and reduces the chances of getting hacked and infiltrated. Chainlink is one of the best 5 altcoins to buy in June 2022 for future returns as it ensures the safety of investor funds.
It aims to rectify one of the biggest problems in the sector - the communication of information to and from the blockchain. The project solves an infrastructural challenge with mainstream blockchain adoption with decentralized oracle networks.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
New coins with high potential are continuously being launched as the crypto space grows, making it difficult for investors to choose. However, these are the best 5 altcoins to buy in June 2022 to generate good returns over the long run. It is always critical to conduct thorough research and choose the crypto according to your risk appetite.
Read More:
The Best 5 Ways To Buy Uniswap (UNI)
The 5 Best Ways To Buy Chainlink (LINK)
Top 7 Best DeFi Cryptocurrencies To Invest In
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