Bitcoin (BTC) and Ethereum (ETH) have already touched their peaks and retraced heavily in May, so it might be the right time to start looking for altcoins to add to your portfolio. However, there are countless projects to choose from, depending on your strategy.
If you are looking for altcoins for June, this article is for you. We have picked three altcoins with 50x potential for you to consider. Axie Infinity (AXS), Filecoin (FIL), and Chronoly (CRNO) have made it to the top of our June watch list. Let’s find out more about them.
Is Chronoly (CRNO) a safe bet?
Chronoly (CRNO) is the world’s first fractional, co-investing platform for luxury watches. On the Chronoly marketplace you can buy fractions of extremely rare timepieces from as little as $10. Each token is sold for $0.04 – a 300% increase since the presale started in May, and experts believe that the price will rise 100x once the token is officially released on exchanges like Uniswap and PancakeSwap. Analysts predict the release price to be $0.5 – which would be a 5000% increase if you had bought CRNO at the start of its presale.
A real watch backs each NFT watch on the Chronoly marketplace.Users can trade their fractions around the clock on Chronoly’s secondary market or a third-party NFT marketplace based on Ethereum (ETH) blockchain, like Opensea. The Chronoly (CRNO) watch-backed NFTs can be used as proof of authenticity and ownership, collateral for loans, traded on secondary markets, or kept as digital collectibles within the Chronoly (CRNO) ecosystem. Chronoly (CRNO) is the token that powers their ecosystem and has many crypto traders excited about phase 2 of their presale.
Axie Infinity (AXS) – Buy the dip
Axie Infinity (AXS) is a trading and battle game that uses blockchain and is partly owned and run by its players. The token price is above the exponential moving average, suggesting that AXS bulls have started to back the token. As a result, analysts think the last few days were an excellent opportunity to buy the dip since the AXS has begun rising again.
The past few weeks have been bearish for Axie Infinity. Also, the price of AXS has fallen by more than 50% in the last 30 days. If this trend keeps up, AXS could have a tough year. It’s also very important to mention that all coins and tokens have taken a big hit from the crash. Axie Infinity (AXS) reached its all-time high in July of 2021 with a price of $160; however, Axie Infinity (AXS) has been declining ever since. Nevertheless, experts think that once the whole market recovers, so will AXS, which means now could be the perfect time to buy.
Is Filecoin (FIL) a buy?
Protocol Labs, based in California, USA, announced in 2014 that work would begin on the Filecoin (FIL) project. Its main goal is to do a decentralised service for storing information in different places. Unfortunately, the least you could pay to trade this month was $7.42. The highs of the last 30 days were at over $18, so it’s evident that the crash has affected Filecoin (FIL) severely.
Filecoin (FIL) is very underpriced at the moment, so it could be a good time to invest now, since the whole market is down. After yesterday’s spike that made FIL grow around 8%, it will be very interesting to see how Filecoin (FIL) and the whole market will evolve in the upcoming weeks. Analysts recommend waiting some days or weeks to see if the price takes a bullish or bearish trend.
For more information about Chronoly
Website: https://chronoly.io/
Socials: https://linktr.ee/chronolyio
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
