Crypto
Cryptocurrency: 3 Coins Under $10 To Watch Out For This June
The cryptocurrency realm is constantly birthing new tokens, giving users a chance to explore novel investing opportunities. However, certain crypto coins are dubbed special and are unique in a way, that helps investors avail high profits. Here are our top three cryptocurrency recommendations that are under $10 that investors must keep an eye on this June.
Also Read: The US Dollar Or Japanese Yen: Which Currency Is Realistically Stronger?
Three Trending Coins Under $10 This June
Cryptocurrency #1- XRP
The XRP- SEC brawl has long attracted central attention due to its ongoing court proceedings. The brawl, however, is yet to impact the token in its entirety as Ripple continues to forge powerful global collaborations. With XRP stablecoin and ETF rumors in the mix, the price of Ripple is bound to skyrocket sooner than expected.
According to CoinCodex, XRP may claim a new price spot by the end of June. The token is poised to hit $0.55, spiking nearly 20% in the process.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.68% and reach $ 0.578579 by July 14, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 74 (Greed). XRP recorded 14/30 (47%) green days with 2.91% price volatility over the last 30 days.”
Cryptocurrency #2- Toncoin
Toncoin is another cryptocurrency altcoin under $10 that has been surging high on the metrics. The trending coin index has lately been picking up Toncoin as the token’s pace has significantly improved in the last two years. Post the telegram’s Integration with Toncoin, the token has ascended to new highs, giving users a chance to avail novel benefits.
According to CoinCodex, the token may spike by 200% to hit the $26 price mark by the end of June 2024
“According to our current Toncoin price prediction, the price of Toncoin is predicted to rise by 231.26% and reach $ 26.30 by July 14, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 74 (Greed). Toncoin recorded 14/30 (47%) green days with 5.99% price volatility over the last 30 days.”
Cryptocurrency #3- Cardano
With the Chang Hard Fork upgrade under work, the price of Cardano is expected to undergo a stark change. ADA is helming one of the most significant ecosystem developmental plans which includes exciting collaborations with global entities and ushering in governance functionalities on Cardano.
Per CoinCodex, ADA may gain a modest 5% in June 2024 to trade at a level of $0.44. The token may alter its price path soon after the fork integration that is scheduled to be conducted in June or early July.
Also Read: Top ADA Analyst Predicts Reasons For Cardano’s Inevitable Spike To $3
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 5.00% and reach $ 0.442417 by July 14, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 74 (Greed). Cardano recorded 13/30 (43%) green days with 3.67% price volatility over the last 30 days.”
According to our analysis, these three cryptocurrencies under $10 are definitely ones to keep an eye on this month. This summer could bring huge booms for them.
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ASX today announces the admission of its first spot Bitcoin exchange-traded fund (ETF), marking a significant milestone in the Australian financial market and cryptocurrency industry.
The admission of the VanEck Bitcoin ETF (ASX:VBTC) comes as crypto assets, such as Bitcoin and Ether, increasingly move into the investment mainstream, supported by increased regulatory guidance around the product category and growing consumer demand.
Andrew Campion, GM of Investment Products & Strategy said:
“While it has been possible to trade Bitcoin via crypto exchanges, trading units with exposure to Bitcoin via an ETF on an exchange like ASX means you’re able to buy and sell those units through a traditional brokerage account, simplifying the process and opening the opportunity to more Australians.”
VBTC will be backed by a Bitcoin holding via a US domiciled master fund, ensuring that each unit of the ETF corresponds to a specific amount of Bitcoin. This structure aims to give investors exposure to the price of Bitcoin, providing investors with a robust and transparent reflection of the crypto asset’s value.
“As the demand for digital assets continues to grow, we are proud to offer a regulated avenue for Australian investors to access the crypto asset market,” Mr Campion said.
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