The cryptocurrency market continues to grow rapidly in 2022, now boasting a valuation of over $1.3 trillion. As the market grows, more and more exciting projects can be launched and receive investor interest. This leads to impressive price gains in the short and long term.
With that in mind, this video is going to show you the Top 5 Altcoins that will explode in June 2022.
So, watch this video all the way through so you don't miss anything.
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Now without further ado, let's get straight to the point.
The first cryptocurrency that we think will explode is Polkastarter.
Polkastarter is a blockchain platform designed to provide an easy-to-use launchpad for cross-chain token pools and auctions. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.
Through Polkastarter, blockchain projects can easily create their own cross-chain swap pools, which allow them to securely raise funds, while users can invest without risks since swaps are automatically executed by smart contracts.
POLS is the native utility token of the Polkastarter platform and plays many roles in its ecosystem, being used for liquidity mining, governance, paying transaction fees, and gaining eligibility to participate in POLS-holder-only pools.
Polkastarter is first and foremost one of the biggest IDO platforms that everyone is watching. Designed to help projects raise capital in a decentralized and interoperable environment, almost every token that started on Polkastarter was able to beat the odds and gain 10x or 20x in value. If you look at the Polkastarter chart, you'll see that it has lost 62% of its value in the last month. But with its ever-increasing popularity and the fact that it is going from strength to strength, it is definitely the project to have in your portfolio in June.
#2: ApeCoin (APE)
If you’re looking for the next big cryptocurrency with ‘meme coin’ potential, look no further than ApeCoin. ApeCoin is an ERC-20 token closely linked to the most expensive NFTs – the Bored Ape Yacht Club (BAYC) collection, considered one of the best NFTs to buy. BAYC NFTs have garnered incredible attention from A-list celebrities, leading to much hype when ApeCoin was released earlier this year.
Although BAYC’s creators didn’t develop ApeCoin, it has become the native token of the ‘Otherside’, the metaverse platform launched by Yuga Labs. Aside from being used within this upcoming virtual world, ApeCoin has also been implemented into other mobile games, providing much-needed use cases.
Although the utility is still lacking for APE, the coin can benefit from colossal community backing, meaning it could be the next crypto to blow up this year.
So far this year, the BAYC ecosystem has rapidly grown from increased adoption by celebrities such as Post Malone and the ecosystem’s purchase of the popular CryptoPunks collection.
Adding extra information, members of the BAYC NFT Collection were notified that they were eligible to claim ApeCoin (APE), which is the cryptocurrency code of the BAYC ecosystem.
ApeCoin is currently on the watchlist of millions of investors globally. Given how vital hype is in the market, there is no doubt that ApeCoin has a lot of potential for good returns in 2022. Only time will tell whether this new token is worth your money, but it is definitely worth considering in 2022.
The third project on the list is HEX (HEX). HEX is an ERC20 token on the Ethereum network. HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens as well as interacting with the HEX smart contract), the consensus code and staking mechanism are in the HEX smart contract.
If we learn more about Pulse and PulseX’s release date, this cryptocurrency could indicate that it is ready to explode. HEX is known to go in the opposite direction of Bitcoin and remains true to its identity.
We would like to remind you that Bitcoin has lost more than 50% and the overall crypto market is on the decline.
When we look at the chart of hex right now, we can see that it has fallen a lot from its all-time high to the level it is currently trading at. And if we go ahead and look at the chart, you'll be able to see that the all-time high was right around 50 cents.
Which is absolutely crazy when you think about it. After that, it went down to 12 cents, which is where it started. A full return to the previous price of 34 cents was made for the PulseX sacrifice phase. And has recently followed the general downward trend of the market as a whole.
On the other hand, there are a few things to note about hex.
Contrary to popular belief, this cryptocurrency is able to survive the current market downturn.
In fact, it may do even better in a bear market than in a bull market. Indeed, if we take into account the price action in the past. We also need to remember that Hex has a strong community, which just needs to build trust to get things back to normal.
#4: TERRA LUNA CLASSIC
Terra Luna, as we all know, has suffered a huge loss recently.
The massive LUNC price pump is likely because the hashtag #LUNC is trending in the United States on Twitter with over 41.5k tweets.
For those part of the Terra Luna community who disagree with Do Kwon and the new chain launch, joining the Luna Classic (LUNC) side only makes sense.
One of the most popular proposals by the Terra Classic community is to burn as many LUNC tokens as possible to lower the currently overinflated supply of 6.5 trillion LUNC tokens, which can significantly increase the unit price of each token.
The primary exchange currently burning a significant portion of LUNC tokens is MEXC, which over the past three days managed to burn over 207 million LUNC, roughly $28k worth of tokens.
While this may not seem like much if other exchanges follow suit and manage to burn a few billion tokens, that could significantly impact the Terra Classic token circulation and reduce its supply to where the price would feel an effect.
#5: TERRA LUNA 2.0
One potential reason for LUNA's recent price increase is Binance's May 31 listing. Binance listed Terra 2.0 (LUNA) in its innovation zone and opened trading in the LUNA/USDT and LUNA/BUSD pairs.
For those unfamiliar with Binance's Innovation Zone, it is a dedicated trading section of the exchange where users can trade new tokens with increased market volatility and uncertainty.
So far, the top exchange in terms of trading volume for LUNA/USDT is KuCoin, which accounts for more than 40 percent of the volume for the new token, with a current 24-hour trading volume of more than $63 million on the books. KuCoin is followed by Huobi Global with $20 million and Gate.io with $17 million in 24-hour volume for LUNA.
Given that Bitcoin and Ethereum are showing slight bullish momentum, it's no surprise that both LUNA tokens are also pumping.
Terra Classic (LUNC) is trading at the time of this recording at $0.0001363, with a 24-hour trading volume of $275 million and a market cap of $891 million.
Terra Luna 2.0 (LUNA) is currently trading at $6.44, with a 24-hour trading volume of $146 million and a market cap of $1.3 billion.
Buying these two tokens is a big bet for the future. But it's worth it.
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