Especially for investors new to cryptocurrencies, these altcoins could bring significant gains in June. In May, the crypto market did not see major peaks overall. Additionally, the ETH ETF news has not triggered a substantial altcoin rally as expected. So, what awaits crypto investors in the current altcoins?
Monero (XMR)
It is one of the leading privacy-focused altcoins and was much more popular in the past. Especially new investors find it hard to know since many exchanges have removed privacy tokens. At the time of writing, the price was trading at $142, close to the EMA50 region, indicating a potential upward breakout.
MACD data also confirms the buyers’ advantage and the potential for the price to rise. If this momentum is maintained, XMR’s price could reach new highs with closures above $152.25. In another scenario, the $110 support is a potential target in case of excessive selling.
Kaspa (KAS)
In 2021, KAS Coin was much more popular among crypto investors but has been forgotten for a while. Considering that 80-90 different major cryptocurrencies were launched within 1-2 years, this is not very surprising. The Chaikin Money Flow (CMF) indicator reflects increasing buying pressure. If demand continues, the price could rise to $0.144 in June with closures above $0.13. However, if buyers are exhausted and demand weakens, there is a risk of a drop to $0.12.
Decentraland (MANA)
Again, one of the popular altcoins of 2021, MANA Coin reached significant prices during the days when the metaverse story found the desired level of buyers. Then, the increasing enthusiasm in AI and RWA areas caused this to weaken suddenly. The metaverse story is not over. However, the use of augmented reality, AI-supported image, and story creation capabilities will need to be more prominent in this area.
Regarding the price, it has been lingering in a horizontal channel since April 8 and is close to the upper trend line. The DMI index is relatively positive, and MANA’s price could start a new attempt towards $0.47. In the opposite scenario, testing $0.41 as support is possible.
