As June begins, new activity in the cryptocurrency market is anticipated. The decreasing supply of Bitcoin may present new opportunities for altcoins.
Golden Cross Signal in the Altcoin Market
The formation of a Golden Cross in the altcoin market occurs when a short-term moving average crosses above a long-term average. This signal is seen as a precursor to significant upward movement. Analysts believe the bearish phase for altcoins has ended, paving the way for a potential historic rally.
Four Altcoins Set to Surge in June
The following altcoins are noted for potential growth:
1. **Toncoin (TON)** - expected to surge by 40% due to its main sponsorship of the NFC conference in Lisbon. 2. **Virtual Protocol (VIRTUAL)** - an AI-focused platform that recently saw a 60% increase last month. 3. **Quant Network (QNT)** - addressing cross-blockchain connectivity, with a 50% rise last month. 4. **Near Protocol (NEAR)** - an AI-friendly blockchain with a market cap of $3.17 billion.
Cryptocurrency Market on the Verge of Change
Market analyst Pepesso predicts that this growth wave may last between one to three years. Investors are advised to exhibit patience, as the major upswing has yet to begin, drawing attention to many high-yield altcoins.
The cryptocurrency market is preparing for changes, and the expectations surrounding altcoins for June look promising. By observing signals and current trends, investors might be on the brink of new opportunities.
