Most coins are trending in the green at the moment, riding on a positive beginning to the month of June. Many crypto investors could also be watching to identify possible investment opportunities. There are several coins doing double digits in price gains.
However, two coins offer a great prospect. The expected bullish run may just be what these coins need to experience new all-time highs. On top of that, we also look at one stable coin in the market.
VeChain is one of the top coins to watch in June by virtue of its strong growth and progress in 2018. If there’s a crypto not in the top 10, but which deserves to be, it’s VeChain.
Currently, at $4.04 against the USD, this 16th ranked crypto has seen real movement in the last few days. It has surged by +17% in the last 7 days and has seen a total of $109.4M traded over 24 hours seeing its market cap stand at $2.1 billion.
VeChain’s attractiveness is pegged on its solid platform that is constantly updated and a team that keeps to the milestones. However, the upcoming network upgrade and rebranding to VeChain Thor (VET), has every investor excited.
In the meantime, the VeChain team has embarked on a security offensive, trying to ensure the platform is ready when the mainnet launches later this month. The numerous partnerships will also come into play soon and a break out for the coin could be imminent.
VeChain VEN has so far experienced a steady growth over the months, not dropping too dramatically when the rest of the market tanked. The current growth is expected to continue, though investors could be a bit cautious due to uncertainty over short-term price declines. Given all the expectations, VeChain is one coin you can’t afford to ignore.
Tether (USDT) is a stable coin that is pegged 1:1 against the US dollar. It has over time maintained its stability, tracking the dollar at more or a constant $1.00. It’s one of the most traded coins as it is paired against crypto assets to provide a hedge against wild price swings in BTC.
USDT trading volumes have increased over time as more exchanges pair it against other cryptos. Currently, it has a market cap of 2.5 billion and ranked 14th. In the last 24 hours, USDT has seen a total of $2.5 billion traded which is only second to Bitcoin (BTC).
Despite controversy with regard to its links to Bitfinex, USDT has seen more and more exchanges list it. Binance is the biggest wallet for USDT at the moment and has several pairs on it. The crypto exchange also offered a unique stable vs. stable pairings with USDT/TUSD.
The biggest mover for USDT at the moment is however EOS. The suggestion that Tether may be supporting EOS is reinforced by the huge volumes of EOS/USDT traded so far. Over 20% of the stable coin’s volume is accounted for by EOS trades.
Huobi Token (HT)
Huobi Tokens are one of the most bullish coins on the market. Over the months of April/May, the coin rallied to a price gain of about 85%. The value increased despite the decline around the rest of the market. It commands very high trading volumes.
For instance, it currently trades at $5.38 against the US dollar and has seen a total of $231 million HT tokens traded over 24 hours. Its market cap is at $269 million, though the coin has dropped by 8%.the drop is one of the token’s aspects to watch.
Huobi Chain Project
Huobi today announced that it has plans of developing its own blockchain platform. The exchange will allocate 30 million worth of HT tokens or $166USD to the creation of an open-sourced blockchain protocol.
Apart from being a decentralized autonomous organization, the new platform will also allow users to participate in ICOs and vote for whatever tokens can be added to the platform. The development of its own blockchain will see Huobi tokens become more valuable.