Jakarta, Pintu News – As June begins, the crypto market is starting to show movement. The supply of Bitcoin on exchanges continues to decline, which hints at a possible supply shortage in the near future.
On the other hand, Bitcoin’s dominance is starting to weaken, while Ethereum remains steady around $2,700 – two indicators that suggest the altcoin may be in for another rally.
After attracting attention with a record-breaking price surge above $111,000, Bitcoin price has now declined to around $105,000. This correction could be an opportunity for altcoins to show off.
Analysts note that the Golden Cross pattern on altcoins has resurfaced – a bullish signal that occurs when a short-term moving average (such as the 50-day) crosses above a long-term moving average (such as the 200-day).
Read also:
In 2021, this pattern triggered a huge rally in the altcoin market. Therefore, the big altcoin surge may be about to begin.
A popular crypto analyst stated that the altcoin bear market is nearing its end, and the biggest crypto rally of all time is on its way. This cycle is said to be very different from the previous ones and could last between 1 to 3 years.
The message is to remain patient and hold, as the true altcoin rally is yet to begin.
Analysts from Altcoin Buzz have even named four altcoins that are predicted to rally throughout June:
The main trigger for Toncoin is its role as the main sponsor at the NFC conference to be held in Lisbon on June 4-6. Therefore, there will most likely be a major announcement from the project.
However, one thing that concerns investors is the unlimited supply of TON tokens.
Read also: Ethena Presents Crypto Savings Directly on Telegram via TON Wallet!
Analyst Ali Martinez recently mentioned that TON is forming a triangle pattern, which could potentially trigger a 40% surge in prices.
Next up is Virtuals Protocol (Virtual), a rising star in the AI launchpad sector. The token is up 60% in the past month and almost 2000% over a year.
To participate in the launch of new projects, users must stake VIRTUAL tokens, collect points, and then use the points to support new projects.
Virtual’s growth momentum is strong and interest in the platform continues to increase. Although the platform is rather complex, the development team plans to release a guide/tutorial in the near future.
Quant Network seeks to solve one of the biggest problems in the crypto world: inter-blockchain interoperability. The QNT token has a healthy tokenomic as its entire token is already in circulation. The QNT price is up 50% in the last month.
With a market capitalization of $1.5 billion, there is still considerable growth potential going forward.
Read also: Top 5 AI Crypto Set to Soar 100x by Mid-2025 – Are You In?
Finally, Near Protocol . This is an AI-focused Layer 1 blockchain – fast, scalable, and developer-friendly.
Near uses Nightshade sharding technology to improve performance, as well as a unique MPC network that enables cross-chain transactions without the need forbridges or wallet switching.
Currently, NEAR’s token price is around $2.60 with a market capitalization of $3.17 billion. Like TON, NEAR also has an unlimited supply of tokens.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference: