Top 5 Altcoin Pumps for the June 2024 Crypto Rally

June is poised to ignite the next bull run in the cryptocurrency market, setting the stage for potential profits. With Bitcoin and Ethereum showing significant movement, especially after the SEC's approval of an Ethereum spot ETF, the scene is set for exciting times ahead. Here are five altcoins that could see substantial gains in June 2024.

1. Ethereum ($ETH)

Ethereum remains a powerhouse in the crypto space. On May 23rd, the SEC approved eight Ethereum spot ETFs, including those from financial titans like BlackRock, Fidelity, and Grayscale. Initially, this caused a slight dip in crypto prices, with Ethereum dropping around 4% on May 24th. However, once these ETFs begin trading, $ETH is expected to surge, potentially breaking the $4,000 mark and aiming for its all-time high of $4,878. The delay in trading, compared to Bitcoin ETFs, stems from the lack of prior discussions between the SEC and the $ETH ETF companies. June is an opportune time to accumulate $ETH.

2. GraphLinq ($GLQ)

GraphLinq stands out as an AI-powered automated process management solution that requires no coding skills. The Nvidia Q1-2024 report, highlighting a revenue of $26 billion, positively impacted AI-related projects, including GraphLinq. The ecosystem of GraphLinq consists of two main components:

• GraphLinq Chain: Ensures secure and accurate automation for the GraphLinq Protocol.

• GraphLinq Protocol: Facilitates no-code automation with components like IDE, App, Engine, and Marketplace.

3. The Graph ($GRT)

The Graph is a decentralized indexing protocol for querying data from blockchains, particularly focused on enabling efficient and secure querying for dApps. It provides a reliable way to access data on the blockchain without relying on centralized intermediaries. Its utility has been widely recognized, with integration in many major blockchain projects. The Graph’s ability to index and query data makes it an essential component of the Web 3.0 infrastructure.

4. Near Protocol ($NEAR)

Initially started as an AI project, Near Protocol pivoted towards crypto and established itself as a blockchain project known for its sharding capabilities. Sharding allows for fast and inexpensive transactions by breaking down data into smaller, manageable pieces processed simultaneously. Near Protocol has recently returned to its AI roots, aiming to build decentralized AI with new initiatives like NEAR AI Research Lab and AI Incubator and Investment.

5. OriginTrail ($TRAC)

OriginTrail operates in the AI and real-world assets (RWA) sectors, using a decentralized knowledge graph (DKG) to manage data of real-world assets. This approach addresses misinformation and verifies the origin of information, making data more discoverable and reliable. The project, which began in 2017-2018, has seen substantial growth with its $TRAC token.

Expert Opinions on the June 2024 Crypto Rally

Experts predict a bullish trend for cryptocurrencies in June 2024, driven by regulatory approvals and technological advancements. The approval of GraphLinq spot ETFs by the SEC marks a significant milestone, signaling increased institutional interest and potential for higher adoption rates. AI-powered projects like GraphLinq and The Graph are expected to benefit from the growing integration of AI in blockchain technology, making them valuable additions to any portfolio.

Conclusion

The cryptocurrency market is poised for a rally in June 2024, with Bitcoin and Ethereum leading the charge. Altcoins like GraphLinq, The Graph, Near Protocol, and OriginTrail also show promising potential. As always, investors should conduct thorough research and consider their risk tolerance before making any investment decisions.