2024 has been a remarkable year for cryptocurrencies. The two leading ones by market cap have received spot ETF approvals from the US SEC, an otherwise crypto-unfriendly regulator. These positive developments are helping to bring cryptocurrency into the mainstream.
It’s important not to underestimate the impact of the top-performing cryptocurrencies in this article, as investors can profit from exposure to these unique tokens. This article provides information about three cryptocurrencies that could potentially be your winning bet in June 2024.
Toncoin (TON)
TON is The Open Network’s native token, which is a decentralized layer-1 blockchain. The Swiss NPO TON Foundation and many other network contributors support this open-source blockchain.
TON is currently trading for $7.28, up 12% in the past week. It boasts a market cap of $17.57 billion, and its trading volume has increased by 130% in the last 24 hours.
Analysts are optimistic about TON’s future, predicting a price in the range of $32 in the upcoming bull run, which would correspond to an increase of more than 370%.
Kaspa (KAS)
Kaspa is a unique token and ecosystem with features such as block data pruning and reachability to query the DAG protocol’s topology. It also has SPV proofs and subnetwork support, which will make implementing L2 blockchains easier in the future.
At the time of writing, KAS is worth $0.19. It’s up 6.43% today and 37.88% in the last seven days. The price of KAS is expected to reach $0.53 in the next month. The Fear & Greed Index is showing 73, Greed, and the current sentiment is bullish, providing a sense of confidence in KAS’ future performance.
Celestia (TIA)
Celestia can be a good long-term buy for many reasons. Its modular data availability layer prevents a secure, decentralized network for consensus and data availability. It alleviates blockchain project launches by allowing them to rent the data availability capacity they need, instead of building it from the ground up.
One of TIA’s unique features is sovereign rollup support. The rollups can set their execution principles themselves unlike Ethereum rollups, which have to stick to EVM rules. This independence allows for greater innovation and flexibility in blockchain development.
The TIA token can be used to pay for data availability space. TIA holders can participate in Celestia’s Proof of Stake consensus, thereby contributing to decision-making and network security.
Staking the token allows holders to take part in Celestia’s governance. It’s currently trading for $10.92, down from its ATH of around $20, but still up 419% this year.
