Cryptocurrency has become a major trend in recent years. Projects like Bitcoin and Ethereum has become household name. With the growing adoption and popularity comes an increased interest in investment.
Sadly, the general crypto market has been experiencing a relative downtrend since the bull market in 2021. Regardless, there is still a huge inflow of newbies in the scene who are looking to take advantage of the new trend and earn from it.
In this article, we will be talking about some of the cryptocurrencies to consider for investment in the coming month of June. If you are considering investing your money in any digital asset, pay close attention to this post and read through to the end to get an insight into possible coins to buy.
5 Best Cryptocurrencies to Buy in June 2023
Below is our top pick for the top 5 cryptocurrencies to invest in. Hopefully, the listed assets will bring good ROI if properly invested. In no particular order;
- Tron (TRX)
- Cardano (ADA)
- Stellar (XLM)
- Ripple (XRP)
- Polygon (MATIC)
1. Tron (TRX)
The first item on our list of top digital assets to consider in June is Tron (TRX). While most cryptocurrencies have only witnessed modest gains over the previous few days, TRX has increased by more than 10%.
This trend is expected to continue in the next weeks, making Tron the first best cryptocurrency to purchase in June 2023. According to live data from CoinGecko, the price of TRX is currently $0.076518 with a live market cap of $6,910,293,039.
2. Cardano (ADA)
Cardano (ADA) has fared well so far in 2023, increasing by more than 50% from the beginning of the year. It will most likely benefit from technological advancements like the Vasil upgrade, which was released in September 2022.
The favorable trend in the ADA price might continue in the next weeks, and a probable Altcoin bull run could let the price rise by 20% or more. Live data from CoinGecko shows that ADA is currently selling at $0.380767 with a live market cap of $13,366,001,780.
3. Stellar (XLM)
XLM (Stellar Lumens) is now an appealing investment possibility for crypto enthusiasts. This is because Stellar is one of the most attractive undervalued cryptocurrencies, trading below 10 cents. Because of its cheap pricing, XLM is an appealing alternative for investors searching for future profits in the cryptocurrency industry.
Furthermore, the price of XLM is strongly linked to Ripple’s advancements, and if Ripple gets a victory over the SEC, it will definitely have a positive effect on XLM’s price in the approaching bull run. Stellar expects to gain from Ripple’s success as a partner and a prominent participant in the cross-border payment business.
The improved credibility and restored market trust in Ripple’s legal actions may have a domino effect, benefitting the price performance of XLM.
4. Ripple (XRP)
The next token on our list of top cryptocurrencies gems to invest in for June is Ripple. The XRP price has performed better in recent weeks than it did at the start of the year. The reason for this is the growing community excitement about a probable outcome in Ripple’s legal struggle with the SEC.
A potential cryptocurrency bull run might force the XRP price to skyrocket. Long term, XRP is riskier owing to the uncertainty of regulation by US authorities. However, we may witness a bullish trend in the next weeks. According to data from CoinGecko, XRP is currently selling for $0.500984 with a live market cap of $26,051,910,631.
5. Polygon (MATIC)
The last token on the list of top 5 cryptocurrencies to invest in for June is Polygon (MATIC). One of the primary factors that make MATIC an appealing choice is its extremely low price. Despite its enormous potential, MATIC has been trading at a lower price, making it an interesting alternative for those looking for undervalued assets in the cryptocurrency market. Furthermore, the continued use of the Polygon network by significant web3 enterprises reinforces the case for MATIC.
As more organizations embrace and exploit the Polygon network, the utility and demand for MATIC tokens increase, possibly driving up their price. Many analysts and experts expect that with the next bull run, MATIC prices would enjoy a significant increase, making it an enticing alternative for investors seeking bigger profits.
Disclaimer: The opinion expressed in this article is of the writer and should not be taken as investment advice. Please do your own research or consult a financial adviser before investing your money.
