Altcoins

These Altcoins May be the Best Bet For June Amidst Bearish Market

Written by: Delma Wilson

Written by right arrow

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

  • author facebook
  • author twitter

Jun 1, 2022

news-image

Given the continuing bear market, popular crypto researcher Austin Arnold believes four cryptocurrencies have the ability to do “extremely well,” including Cardano price.

When looking for solid digital currencies to buy in a bear market, the co-host of Altcoin Daily informs his 1.23 million YouTube subscribers that he searches for five characteristics.

They are Well-financed, having strong teams, in connection with strategic partners,  dedicated to addressing real-world issues that need blockchains, and operating in verticals.  Arnold believes these will develop as the broader field evolves around the five qualities.

Chainlink (LINK) Price

One of these efforts, according to Arnold, is the decentralized oracle network Chainlink (LINK). He points out that during the last Bitcoin (BTC) bear market, Chainlink was one of the strongest performers. He also mentions Chainlink’s developer acceptance and success on blockchains like BNB Chain (BNB) and Polygon (MATIC). 

At the time of reporting, Chainlink is changing hands at $7.47 with an increase of 0.42% over the last 24hrs

Avalanche (AVAX) Price

A smart contract platform, Avalanche, is next on Arnold’s list (AVAX). Avalanche is “one of the top [layer-1s] in space” and “one of the greatest Ethereum competitors,” according to the expert. He also points out that the project has done a good job of distancing itself from Ethereum (ETH).

AVAX is currently valued at $25.71 with a plunge of 4.99% in the past 24hrs.

Cardano (ADA) Price

Also Arnold looks “very positive” about Cardano, another Ethereum opponent.  Cardano’s ecosystem, according to the researcher, is “truly flourishing” and has created over 5 million non-fungible tokens (NFTs).

At the publication, ADA is trading at $0.6o47. The market capitalization of the sixth-ranked crypto asset has increased by approximately 6.87% in the last day.

Litecoin (LTC) Price

The “dark horse” Litecoin (LTC) comes last on Arnold’s list. He believes that Litecoin will have a huge rally in the near future, noting the successful introduction of Mimblewimble (MWEB), the project’s largest network improvement to date.

At the moment, Litecoin is trading at $68.01 with a downfall of 0.99% in the last 24hrs.

Show More

Was this writing helpful?

dislikeimage No myImage Yes

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

Related Articles

Back to top button