Cryptocurrencies are not having good days, and the BTC price continues to hit new lows. However, we cannot say the same for all altcoins. Some have achieved massive gains in June. Which altcoins have excited investors with their gains and potential? What awaits investors now?
Ethereum Name Service (ENS)
Receiving personal commendations from Vitalik Buterin and moving to build its own network, ENS Coin is a highly intriguing alternative. It has strong potential to remain a significant cornerstone of the Ethereum ecosystem in the long term. Besides having no notable rivals, it is also adopted by the Ethereum community as the main name service protocol. Therefore, as long as Ethereum exists, ENS Coin’s growth and development are expected to continue.
Its development over the years significantly distances it from potential competitors. The native token powering Ethereum Name Service, ENS, rose by 20% in 7 days, reaching up to $25.3. The strong increase in trading activity led to a trading volume of $237 million on June 19, the best level of the month.
Social media sentiment was very strong and remained positive. RSI and MFI for ENS Coin are on an upward trend, and the price could continue to rise to $27.59.
Lido (LDO) Coin Review
Why is the Ethereum ecosystem active? Perhaps because the potential for the ETF to be traded on the exchange increased as of July 2. LDO Coin is also the token of the largest liquid staking protocol on Ethereum. The altcoin, climbing above EMA20 and SMA50, is expected to continue its rise according to the Aroon Indicator. While the trend points upward, the target for LD Coin is $2.41.
However, if BTC experiences much deeper losses or we see negative developments on the ETH side, sales are likely to continue towards $2.13. BTC has slightly moved away from the $63,379 low for now. The price continues the day with a $919 drop. It is thought that volumes will remain low over the weekend and altcoins will move sideways. Of course, it is impossible to predict the future.
