Bitcoin Cash (BCH), Monero (XMR), and Binance Coin (BNB) – Best Investments Solutions in June
CoinMarketCap reports that there are over 1500 cryptocurrencies today. This is definitely a large figure and if you mix it with not enough understanding from the investors and crypto enthusiasts, choosing the best coins to invest in is practically impossible. Or at least it’s more than challenging to decide where your best bet is. This is the reason for which we’ll offer you three viable options to invest in June 2018.
Bitcoin Cash (BCH)
Bitcoin Cash was among the top coins regarding the trading volume at the end of May. The market was long under the bearish trend, and BTC still managed to feel like a coin that was ready to surge.
Bitcoin Cash’s popularity managed to grow, and the coin gained more adoption and enhanced acceptability. Its low transaction fees, increased reliability and highly scalable “on-chain” transactions make the BCH network attractive for developers. More and more companies and organizations are looking forward to using the network, and this is a plus as well. The latest ones that have decided to build on the crypto’s platform are CoinText and Blockpress.
Aside from these, the massive adoption that’s been happening in Japan and BitcoinCashers.org’s decision to use BCH and use it around the globe are more than precious for the crypto. Currently, BCH is trading at $928.42 on CoinMarketCap.
Even if Monero has not necessarily been in the spotlight lately, it seems that now the crypto is back and June could mark the month during which it surges. Monero is a privacy-focused, and its best features are complete untraceability and unlinkability of transactions.
After Microsoft purchased GitHub, the crypto community was affected, and Monero could also feel an impact. If Monero’s expected uptrend sustains, it could quickly reach above $200 by Q3, and it could surpass $300 by the end of the year, according to experts. The positivity around its wallet is another reason of pride for Monero because its unique features managed to enhance speed and security. It also supports 10 languages. Monero is trading at $135.91 on CoinMarketCap.
Binance Coin (BNB)
Binance Coin (BNB) is not new to price gains that defy bullish trends. The token’s value grew by 30% after the exchange listed Theta (THETA), Civic (CVC), and added trading pairs like EOS/USDT, and EOS/BNB.
The exchange’s decision to become an all-inclusive exchange is excellent for BNB, and the high activity of the website will definitely boost the coin. Basically, as long as the Binance exchange grows, the Binance Coin will continue to grow with it. Now, the currency is trading at $13.99 on CoinMarketCap.
All these three options are viable choices to invest in this month.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.