3 Cryptos to Buy Before the Coming Moonshot: June Edition
U.S. inflation fell last month, with prices rising 3.3%, down 0.1% from the previous month. Even better, core inflation also slowed, indicating decreasing price pressures. The Federal Reserve remains cautiously optimistic, keeping interest rates steady for now and suggesting possible rate cuts later this year. With these improving economic trends, it’s a good time to consider cryptos that could skyrocket.
Here are three top cryptos that offer significant upside potential beyond the usual suspects.
Dogecoin (DOGE)
Dogecoin is still one of the most attractive investments, consistently drawing attention since it started. Some people might think it’s a silly bet, but the lasting effect of meme investing through Dogecoin is hard to ignore. Meme investing is here to stay, making Dogecoin one of the most relevant digital assets to buy.
Unlike its peers, DOGE thrives on a strong community base. This active community not only attracts attention to DOGE but also improves its ecosystem. However, it’s vital to be aware of the ups and downs that come with a meme token like DOGE. Volatility can go both ways, so assessing the risks is essential before investing in meme coins.
Its inflationary policy makes DOGE more accessible and usable, aligning with its community’s growth-oriented goals. DOGE has had an impressive rise this year, jumping over 143% and is up 67% year-to-date (YTD). With a greater risk appetite, DOGE is one of the best cryptos to consider for the upcoming rally.
Fantom (FTM)
Fantom is a leading Layer 1 blockchain known for its scalability, speed, and decentralization. As a Layer 1 blockchain, it plays a key role in speeding up transaction processing. Transactions are completed on its network while its unique consensus mechanism cuts costs and boosts approval speeds.
FTM has also had a great run in the past six months, gaining over 89%. A couple of key factors have driven up its value this year. First, Fantom announced that Sonic, its “sister” chain, could handle more than 180 million transactions daily.
Additionally, it received a $10 million investment from the Korean crypto fund Hashed earlier this year. With its innovative advancements and strong financial backing, Fantom is well-positioned to capture more market share. While the blockchain space is competitive, FTM has multiple uses to strengthen its position.
Chainlink (LINK)
Chainlink is another top crypto poised to perform well in the coming bullish rally. Its platform simplifies how data is integrated into blockchain systems using decentralized oracles. These oracles act as middlemen, securely passing data from external sources into the blockchain.
They enable various blockchain applications to operate efficiently without needing an outside party. Therefore, Chainlink stands out as a leader in decentralized oracle solutions, offering significant upside potential. LINK had a fantastic year, gaining over 200% last year but has been relatively stable in 2024.
The LINK token got a boost in value following the announcement of partnerships with the Depository Trust & Clearing Corporation (DTCC) and other large traditional financial institutions. These collaborations will enhance LINK’s credibility, boosting its acceptance in mainstream finance. Additionally, its strong position in the smart contracts space makes LINK a vital part of the blockchain ecosystem.
By considering these promising cryptos—Dogecoin, Fantom, and Chainlink—investors can position themselves for significant gains in the upcoming bullish market.
