Best crypto to invest aside BTC

Various cryptocurrency have been at their biggest rally since last 2017, increasing interest from investors seeking to add some exposure to their portfolio.

Bitcoin (BTC) recently hit a record high of $ 63,000 before selling hard, potentially offering an opportunity for investors to buy the dip before it launches again. Ether (ETH) continued the rally, hitting the $ 4,300 mark for the first time.

Cryptocurrency prices have withdrawn from highs after US President Joe Biden has indicated plans to raise capital gains taxes, urging some investors to sell their holdings.

However, cryptocurrencies are seeing more and more adoption in financial services. Visa (V) announced at the end of March that it would allow the use of USDC stablecoin, a cryptocurrency pegged to the US dollar, to settle transactions on its payment network. The Gemini cryptocurrency exchange announced this week that it will launch a credit card reward with Mastercard (MA) that will allow users to earn cashback on cryptocurrencies. Investment bank JP Morgan (JPM) is said to be preparing to launch a managed bitcoin fund for its clients.

And a growing number of merchants are accepting meme crypto dogecoin (DOGE) as a form of payment, from online technology retailer NewEgg to The Kessler Collection luxury hotel chain and the Dallas Mavericks NBA team.

Are you wondering what the best coins to invest for June? In this article, we look at some of the cryptocurrencies that show the potential to make gains in the coming weeks.

Best cryptocurrency to invest in June 2021: from ETH to MATIC

There are more than 4,800 cryptocurrencies in circulation listed in Coinmarketcap, with new coins and tokens launching almost daily. We have selected the top five cryptocurrencies to invest in you can trade through contracts for difference (CFD) on the Trackerstock.com platform.

Ether (ETH)

Ether is the second largest cryptocurrency after bitcoin, with a market capitalization of $ 316bn. Created in 2015, the Ethereum blockchain operates smart contracts that enable decentralized applications (dApps), which took place in 2021. As investors choose to hold bitcoin as a gold-like asset, ether is used to enable dApps including the increasingly popular decentralized financial services (DeFi). That drives a higher number of public blockchain transactions in Ethereum than Bitcoin.

Total value locked in decentralized finance rose from about $ 15bn in December to $ 66bn at the end of April, according to DeFi Pulse.

Ethereum blockchain uses a Proof-of-Work (PoW) algorithm to validate transactions and reward validators by mining coins, but it moves to a proof-of-stake algorithm (PoS) that is better energy, and gives rewards by staking, paying interest to the holders. A series of Ethereum 2.0 updates are designed to improve network security and scalability, increasing its adoption.

The price of ether has raised $ 2,000 since the beginning of the year, climbing from $ 739 at the beginning of January. Price has been outperformed bitcoin in recent days, rallying at new highs as bitcoin prices have skyrocketed. Some market observers expect the price of ether to reach $ 3,000 in the near term, with a long-term price target of $ 10,000 to $ 25,000.

Binance Coin (BNB)

Binance Coin is the third-largest cryptocurrency with a market cap of $ 90.9bn. Launched in 2017, the coin is the native cryptocurrency that not only exchanges Binance, one of the largest in the world, but also the wider Binance ecosystem, including the Binance Smart Chain (BSC). Binace aims to be the leading infrastructure service provider for the blockchain ecosystem.

The cryptocurrency rally prompted a surge in trading that was driving strong growth in Binace exchange transactions. BNB prices have risen from $ 38.80 at the beginning of 2021 to trade around $ 600 this month, attracting investors' interest rather than just exchange users.

Solana (SOL)

Solana, one of DeFi's fastest growing ecosystems, is gaining attention as more blockchain apps launch. The project was officially launched in March 2020 after three years of development. SOL cryptocurrency is a native network coin and rises from $ 1.62 to a peak of $ 47 this month. It became the 14th largest cryptocurrency with a market cap of $ 11.19bn.

Solana uses the PoS consensus algorithm mechanism that uses Proof-of-History (PoH) for one of the highest speeds for transactions and smart contract execution of any blockchain. It also offers low transaction fees for users seeking an alternative to increasing Ethereum fees.

Technical analysis from CoinCodex has been neutral to the SOL price for a short time. However, with the rapid growth of adoption, prices are expected to rise above the $ 100 level, according to forecasting sites such as Wallet Investor and Digitalcoin.

Chainlink (LINK)

Chainlink is a decentralized oracle network designed to connect smart DeFi contracts to the Ethereum blockchain with real-world applications, as blockchains cannot access external data. Oracles feed information from the real world to the network to trigger smart contracts when certain conditions are met.

Prices for LINK cryptocurrency rose from $ 11.32 at the start of the year to a peak of $ 42.66 earlier this month. It's been back in the last two weeks to trade around the $ 35 level.

Polygon (MATIC)

The Matic network is re-designated as Polygon, reflecting its goal of becoming the "Internet of Blockchains" of Ethereum. Founded in 2017, Polygon's protocol and framework aims to develop and connect Ethereum blockchains to create a multi-chain system for scaling and infrastructure development.

The MATIC token, launched in 2019, was listed on the Coinbase crypto exchange on March 11, prompting a price rally. Prices rose from $ 0.0017 at the beginning of 2021 to $ 0.36 at the start of April and a fresh high above $ 0.92 at the end of the month.

Cryptocurrency perspective: will rallies continue?

The liquidation of bitcoin positions after the price hit $ 63,000 and returns could indicate a loss of momentum that could be weighed in the market in the short term, JP Morgan analyst Nikolaos Panigirtzoglou told CNBC last week. However, some analysts predict the price will rebound in the long run and set new highs.

There are signs of cryptocurrency markets being overheated in the short term, but individual coins can continue to perform well. For example, some investors revolve around bitcoin and ether. Due to the high volatility of cryptocurrency prices, it is especially important to do your own research and consider the level of risk that is appropriate for your portfolio.

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