Best cryptocurrencies to Buy in June 2023
It’s no secret that the value of digital assets can be quite the roller coaster ride, with fluctuations happening even on a daily basis. That’s why many folks view cryptocurrencies as a long-term investment strategy rather than a quick purchase option.
Navigating the ever-evolving landscape of digital assets can be a challenge, especially when it comes to staying up-to-date with the latest trends and market projections. But fret not, we’ve got your back! We’ve done our homework and are here to share some insights. If you are excited about what crypto holds in June 2023, in this article you will find a lits of the top choices of the currencies you can look into this month.
Also Read: Best Ethereum (ERC20) wallets 2023
What we are going to learn?
Best Cryptocurrencies to Buy in June
If you’re thinking about jumping into the exciting world of cryptocurrency investing, you’ve come to the right place! Choosing the right coin or token to invest in requires some careful consideration. There are many key factors you need to look at. This gives you a sense of its current worth and the potential for future growth. Now, without further ado, let me present to you our carefully curated list of the top 9 cryptocurrencies that are worth considering for your investment portfolio. These crypto tokens have shown promising potential and are making waves in the market. Here they are:
- Ethereum (ETH)
- Bitcoin (BTC)
- Lido (LDO)
- MakerDao (MKR)
- Aave (AAVE)
- Pepe Coin (PEPE)
- Mask (MASK)
- Instadapp (INST)
- Waves (WAVES)
- Linear finance (LINA)
Ethereum, my friend, is a force to be reckoned with. It’s not just a network; it’s a robust and powerful one at that. And guess what fuels it? The native currency ETH, currently holds the impressive position of being the second largest cryptocurrency by market cap. And let me tell you, since its launch, Ethereum has shown some serious growth. It’s got the potential to become a digital asset we can truly rely on.
Bitcoin is the OG digital asset, the one that started it all. Back in 2009, it came into existence thanks to the anonymous creator Satoshi Nakamoto. Now, Bitcoin has had quite an adventure. It’s been on a wild roller coaster ride, experiencing ups and downs like no other. But through it all, Bitcoin has stayed strong and emerged as the king of cryptocurrencies. It’s the one that everyone turns to when they want reliability and popularity in their digital currency.
Lido is a super slick solution that lets you stake your ETH without any hassle. No need to worry about minimum deposits or managing complicated infrastructure. With Lido, you can easily participate in on-chain activities while your ETH is staked. LDO is the native utility token that comes with some awesome perks. It grants you governance rights in the Lido DAO and you can also use it to manage fee parameters and distribution. Plus, it’s responsible for governing the addition and removal of Lido node operators
Maker (MKR), is a power player in the world of decentralized finance! It serves as the governance token for both MakerDAO and the Maker Protocol, which are all about decentralization and running on the Ethereum blockchain. So, what does Maker do? Well, it lets users create and control the DAI stablecoin. MKR tokens are like your voting shares in the organization that oversees DAI. While they don’t pay out dividends, they give you something even more valuable—voting rights.
Stani Kulechov, the mastermind behind it all, unveiled his brainchild, Aave (AAVE) in 2017. This incredible platform works like a lending and borrowing genie but with a twist. It operates on decentralized principles, which means it’s all about trustlessness and security. Since Aave operates on the Ethereum network, it taps into the power of smart contracts to make everything possible. The platform also brings some serious competition to the table with its super attractive interest rates. This means that not only can you borrow and lend with ease, but you can also make sure you’re getting the best deal in town.
There’s this digital coin called PEPE, and it’s actually based on the famous Pepe the Frog meme. Now, some people had their doubts about its value because of the simple reason that it is a meme coin. But guess what? Since it came into the scene in early April, it has skyrocketed in worth! And you won’t believe how it happened. There was this investor who had a Pepe Coin portfolio, and in just a few days, it grew a mind-boggling 4500 times its original value. PEPE proved all the sceptics wrong and showed that even meme coins can be a real deal.
Mask Network is a next-gen protocol that lets you send messages on Twitter and Facebook, that are private and encrypted. It’s like having your own invisible ink for the internet! Mask Network goes above and beyond by acting as a link between the regular internet and a decentralized network that sits on top. Now, you can even fund Gitcoin grant campaigns straight from Twitter. They’re even planning to introduce peer-to-peer payments and decentralized storage. In February 2021, they unveiled their very own MASK governance token to support Mask Network in creating a bridge between the traditional Web 2.0 and the futuristic Web 3.0.
Back in 2018, a really efficient protocol called Instadapp entered the scene with the goal to make DeFi more accessible and user-friendly. And let me tell you, it has become an absolute must-have for DeFi infrastructure. Instadapp (INST) acts like a smart wallet protocol for DeFi projects. On June 16th, 2021, the INST governance feature launched on the Ethereum mainnet.That means all the upgrades and improvements to the protocol happen openly and transparently through community discussions and voting by the INST holders. It’s all about putting the power in your hands!
Waves are this versatile blockchain platform that’s got your back when it comes to decentralized applications (DApps) and smart contracts. When Waves first hit the scene in June 2016 they wanted to take existing blockchain platforms and make them even better by boosting speed, and usefulness, and making things easier for you to handle. The platform has evolved over time, adding new features and enhancements to its original design. Their native token called WAVES is used for regular payments like block rewards.
Linear is this really cool and decentralized platform that lets you create a very unique economic entity called synthetic assets. You can do it in a snap, with no hassles! Their own token called LINA is built on Ethereum. It’s super useful because you can use it as collateral for Liquids (using Buildr) and have a say in how things are run through community governance. All token holders get to be a part of the Linear DAO and have voting power. It’s all about giving you the best experience possible, with faster speeds and awesome scalability thanks to the protocol’s cross-chain capabilities.
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Should you buy these Cryptocurrencies in June 2023?
Well, you can start investing in cryptocurrencies anyday, but for those who have not yet invested, June 2023 could be a good month to start with. As always, start only with Bitcoin and Ethereum. And if you are in the phase where you only hold BTC, and ETH, and looking to diversify and invest in some altcoins, cryptocurrencies mentioned in this post can be a good addition. Do not go all in. Put a very small fraction of your portfolio in altcoins. I myself do not have more than 10% in cryptocurrencies other than BTC and ETH. Also, this is not an investment advice. This post is for educational purpose only. Take it as a part of your research. Deep dive in the altcoins mentioned in this post. Do your own research with onchain analysis tool. Do proper fundamental and technical and risk analysis. And then you may invest. Remember, the coins mentioned in this post can still drop by more than 90%, however, most of these are already down by 70-80% from their recent ATH. And I have started accumulating some of these in a DCA manner.