Looking for the top cryptos for June that could earn you high returns? Here they are.
Crypto started out as the Wild West of investing, dominated by mavericks. However, the asset has gradually yet firmly positioned itself in the financial mainstream over time. Institutional investors and big banks treat it as a serious asset despite recent volatility and regulatory crackdowns. So if you are searching for cryptos to add to your watchlist, here are the top 5 cryptocurrencies for June 2022.
Bitcoin (BTC)
Massive global adoption of cryptos has made BTC the top crypto to buy in June.
Bitcoin is no stranger to price volatility, evidenced by its price history since its inception. Bitcoin has always bounced back to the list of best cryptos to invest in with support from the larger investment sector. Despite the emergence and popularity of other cryptos, Bitcoin is still a go-to investment option for most investors.
With El Salvador accepting Bitcoin as their legal tender, several other countries are eager to get in on the action and adopt BTC as their form of payment. Its growing adoption as a payment method is one key reason for Bitcoin’s price appreciation.
BTC has marked its position in the list of the top coins in June 2022 as over 500 Bitcoin ATMs worldwide, and almost 15,100 businesses accept it as a payment mode. Moreover, banks like Goldman Sachs have recently offered their first-ever loan backed by Bitcoin, adding to its bull run.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chainlink (LINK)
Chainlink could be one of the top coins to buy now as it has heralded a new era by introducing staking to its blockchain.
Chainlink is a crypto that securely brings real-world data to the world of smart contracts. The LINK ecosystem now boasts over 1,000 project integrations, with 700 oracle networks securing over $75 billion in value and having access to over one billion data points.
Chainlink has also announced its staking launch for the second half of 2022. With this launch, a new era of sustainable growth and security will be introduced in the Chainlink Economics 2.0. Investors have high promise in LINK as the top crypto in 2022, following the publication of its updated roadmap for the implementation of staking. This feature would enable a system of rewards and penalties to incentivize the network's proper operation.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Thanks to its continuous upgrades, ADA could be one of the top cryptos to buy.
Cardano is an open-source project that seeks to make the world work better for everyone and redistribute power to the margins. ADA has been witnessing an increase in price thanks to the rising transaction volumes and usage on the Cardano platform. It recorded a transaction volume of nearly $10 billion, issued just over five million NFTs, and the number of dApps building on its network has just passed 1,000.
The upcoming Vasil hard fork will also help shoot up ADA prices in the coming weeks. It will bring multiple upgrades to network capacity and Cardano’s smart contract programming language Plutus, promoting its decentralized application development. This is why experts believe it could be one of the top cryptos to add to your portfolio in June 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
Polkadot has plenty of room for growth, making it one of the top cryptos for June 2022.
Polkadot is devoted to the formation of a decentralized web that is open-source, fully functional, and user-friendly. One key aspect that makes DOT one of the best cryptos is its interoperability with various independent blockchains.
It facilitates multiple transactions at once and is open to more innovations and collaborations due to its integration with other blockchain protocols. Moreover, a contributing aspect to the spike in DOT's price and value is the expansion of the Polkadot DeFi sector.
Additionally, more and more tech-savvy people are migrating to Polkadot and launching their crypto-based projects, boosting the network’s adoption rate. The crypto has set an example for interoperability, following the launch of the cross-chain functionality on the network. Investing in this cryptocurrency could reap high returns as it is the top crypto to buy in 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Theta Network (THETA)
Theta Token is one of the best cryptos to invest in because of its potential to improve video streaming significantly.
Theta is a blockchain-powered peer-to-peer video streaming network that has garnered massive attention from investors lately. Large companies like Alphabet's Google, Sony, and Samsung serve as the entities that validate transactions and create new blocks on the network. In addition, the team recently announced that the global blockchain infrastructure company BridgeTower Capital would become an enterprise validator on the Theta Network.
We believe that Theta could be one of the top coins to buy in June 2022 due to the number of products and platforms it has in the pipeline. One noteworthy project is Metapass, an NFT-based ticketing platform that runs on Theta. Additionally, the hit entertainment and reality show American Idol announced it would partner with Theta Labs to celebrate 20 seasons of the show in the U.S. by minting NFTs. Given the potential of the whole NFT space and the network’s role in it would significantly push the price of THETA in the not-too-distant future.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
These top 5 cryptocurrencies for June 2022 have a huge potential for growth with updates and partnerships. However, it is always recommended to start your investment journey with due diligence and research.
Read More:
The 5 Best Ways To Buy Bitcoin (BTC)
The 5 Best Ways To Buy Chainlink (LINK)
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