There’s never a time when the world is short on cryptocurrency. As of November 2023, the world had 23,000 cryptocurrencies available, and if you’re familiar with the crypto space, you’ll know that new cryptocurrencies are being made with every blink of an eye. But out of the thousands of cryptocurrencies available and emerging tokens, which are the top in June 2024? Read on to find out.
Related: Top 10 Cryptocurrencies Of April 2024
Solana
Solana was introduced to the world as the Ethereum killer in March 2020. But while it may not have killed Ethereum yet, it’s certainly killing it.
Solana came in with impressive features like its high-performance blockchain platform, fast transaction speeds, and cheap gas fees, and people were sold. Its scalability and dApps have also put it at the top of the crypto hierarchy.
Solana has been working on the security of its network, and it is certainly paying off. Solana (SOL) is currently trading at $165.79 at the time of this writing, a $21 increase from its trading price of $144 this time last month. Not many cryptocurrencies can boast of such an increase, and SOL shows no signs of slowing down.
Ether (ETH)
Ethereum is the world’s second-largest cryptocurrency, and it makes our list of the top cryptos for June. Ethereum is undoubtedly one of the three biggest cryptocurrencies, and it’s hard not to see why. Not only is it the second-largest crypto in terms of market cap, but it’s also doing amazing things with blockchain technology, especially in smart contracts and dApps.
One thing about Ethereum is that it keeps adding new features, functionalities, and use cases, which keeps users coming in floods. Any process executed or data transferred on the Ethereum blockchain is paid for in ETHER, which keeps users buying ETHER.
ETH coin was trading at $3,151 this time last month, but it is currently trading at $3,745.28.
Binance Coin (BNB)
Binance has also been one of the major players in the crypto space, and its native Binance Coin (BNB) has also been doing well. Binance has done well in diversifying the use of its coin, especially within its ecosystem. However, even outside of that, Binance has also developed new products and services to attract users. Believe it or not, they even sell Binance Merch, and the crypto heads seem to love it. These new features have made owning BNB an excellent prospect for buyers.
BNB has also been one of the cryptos with fair price stability. This time last month, it was selling at around $600.91, and it is now going for $602.21 per coin.
Bitcoin (BTC)
Bitcoin is not just the world’s #1 cryptocurrency; it is also one cryptocurrency that can’t seem to do anything wrong. People can’t seem to leave Bitcoin alone even with everything plaguing its ecosystem, like slow transaction speeds. There are many faster, cheaper, and less demanding platforms, but you just can’t beat the King of crypto.
But Bitcoin has also not been lax about the platform. Events such as the Bitcoin halving day, which saw the number of Bitcoins that could be mined every 10 minutes decrease from 6.125 to 3.125, have also improved the quality of the coin by increasing its scarcity.
The Securities and Exchange Commission (SEC) has also approved Bitcoin ETFs, which means more investment opportunities. If there’s any crypto people would give their lives to get a piece of investment in, it’s Bitcoin, so the future looks good for the price of Bitcoin. From $64,545.02 per Bitcoin this time last month to $69,045.05, that’s a $5,000 increase, and they call it the “BIT” coin?
Dogecoin (DOGE)
Everyone familiar with Dogecoin’s history knows that it started as a meme coin. Basically, it was a joke, but jokes on everyone who didn’t see its potential because Dogecoin is now among the best-performing coins out there.
What started as a joke is now worth $0.1719 at the time of this writing, up from $0.149707 last month with the help of a few celebrity endorsements and everyday investors. It seems the dog-themed coin is no longer the underdog. Speaking of dogs, Kabosu, the Japanese Shiba Inu dog that is the face of Dogecoin, just died, but Kabosu can rest happily knowing that its coin is doing pretty well.
Shiba Inu (SHIB)
Still on meme and dog-themed coins, Shiba Inu (SHIB) has also been doing good. Shiba Inu was called the Dogecoin killer by many when it first came out, but while Kabosu may be dead, Dogecoin is still holding its own. Regardless of that, Shiba Inu has generated massive public interest.
While its valuation has been relatively low for a long time, mainly due to too many coins in circulation, the recent increase in the coin’s burn rate has made many investors believe that SHIB may be well on its way to a $0.1 valuation. The coin is showing significant improvement, with a current price of $0.00002479. It seems it’s a good time for dog coins.
Litecoin (LTC)
Litecoin has always been at the start of the crypto race, but while it may have started light with little attention, it seems investors have seen the “lite” and are delighted with the coin.
Compared to other cryptocurrencies like Bitcoin, Litecoin transactions are processed at the speed of light and have lower transaction costs. It is perhaps one of the toughest altcoins out there, surviving all sorts of things that have sent many other coins into obscurity. Litecoin is currently trading at $84.69.
With the multitude of cryptocurrencies available in today’s market, there is no shortage of cryptocurrencies in which to invest. However, looking at a coin’s current price is insufficient to decide and choose investment strategies. Other essential factors include the coin’s trajectory, price trends and market analysis. Considering these factors, the coins included in this list are among the top, and it would be interesting to watch how they perform in June 2024.
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