- The potential for a bull run in June is being discussed in financial circles, suggesting that significant profits might be on the horizon.
- The Securities and Exchange Commission (SEC) recently approved a spot Ethereum ETF, sparking a 20% increase in ETH prices over the past week.
- “Bitcoin is nearing its all-time high once again,” says crypto expert Camille Lemmens, indicating robust activity within the crypto sector.
Explore the potential impact of the newly approved spot Ethereum ETF and discover four altcoins poised for significant performance this June.
Ethereum (ETH): Leading the Charge
The inclusion of Ethereum on this list is well-founded. As you may know, on May 23rd, the SEC approved eight Ethereum spot ETFs, with BlackRock, Fidelity, and Grayscale among the companies set to offer these ETFs. However, history shows that crypto prices tend to dip post-approval, with Bitcoin and Ethereum experiencing a 4% drop on May 24th. Actual trading of these ETFs is expected to begin in a few weeks, differing from the quicker rollout seen with Bitcoin ETFs. Once trading begins, we can anticipate a price surge that may break the $4,000 barrier, potentially setting sights on the all-time high (ATH) of $4,878.
GraphLinq (GLQ): A Promising Contender
GraphLinq offers an AI-powered automated process management solution that requires no coding skills. The recent Nvidia Q1-2024 report, which revealed a remarkable $26 billion in revenue, has positively influenced AI-related crypto projects like GraphLinq. The ecosystem comprises two main components:
- GraphLinq Chain: This blockchain is designed to support the GraphLinq Protocol, ensuring secure and accurate automation.
- GraphLinq Protocol: This is where automated processes occur, allowing users to create them without any coding skills.
GraphLinq’s current price stands at $0.09611, with a market cap of $32.7 million. Out of a maximum supply of 500 million tokens, 340 million are in circulation.
NEAR Protocol (NEAR): Sharding Revolution
NEAR Protocol initially began as an AI project but quickly pivoted to become a well-established blockchain with sharding capabilities, enabling fast and low-cost transactions. Sharding works like opening more cashier lanes in a supermarket, reducing waiting times and speeding up processing. Recently, NEAR has recommitted to AI, transitioning from decentralized cloud computing to decentralized AI. The roadmap for the next 3 to 6 months includes creating user-owned AI models. With a current price of $7.30 and a market cap of $7.9 billion, NEAR boasts an infinite token supply with around 1.18 billion tokens currently in circulation.
OriginTrail (TRAC): Bridging AI and Real-World Applications
OriginTrail leverages a decentralized knowledge graph (DKG) for managing real-world asset data, functioning much like a Layer 2 blockchain. The project also incorporates NeuroWeb, blending into both the RWA (Real-World Assets) and AI sectors, which are promising areas in the crypto space. OriginTrail aims to address misinformation and improve data verifiability and discoverability. Launched between 2017 and 2018, the TRAC token currently trades at $0.85 with a market cap of $349 million. Despite a substantial 248% increase over the past year, it remains 74% below its ATH of $3.50, indicating significant growth potential.
Conclusion
June is shaping up to be a pivotal month for cryptocurrency investments, particularly with promising developments surrounding Ethereum and several altcoins like GraphLinq, NEAR, and OriginTrail. Investors should stay informed and consider these key players when strategizing their portfolios for potential growth.
