The cryptocurrency market is extremely volatile and needs a strong stomach to digest the profit and losses. While some cryptocurrencies deliver millions worth of profits the investors, others tend to make them pauper. Timing plays a pivotal part that can break or make a trader’s portfolio and change the direction of his or her life.
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Now that we are in the middle of the year, two cryptocurrencies are projected to deliver nearly 50% returns. In this article, we will highlight the top two cryptocurrencies that are forecasted to rise by 50% this month.
Cryptocurrency: 2 Coins That Could Deliver 50% Profits
- Shiba Inu
Leading on-chain metrics and price prediction firm CoinCodex has painted a rosy picture for Shiba Inu in June 2024. According to the price prediction, SHIB could scale up 50% this month and reach a new monthly high. The forecast suggests that the cryptocurrency could reach $ 0.00003767 this month in June 2024.
That’s a spike of approximately 53.90% from its current price of $0.00002386. Therefore, an investment of $1,000 in SHIB today could turn into $1,500 if the prediction turns out to be accurate.
Also Read: Shiba Inu: SHIB Price Prediction For 2030
2. Pepe Coin
Another cryptocurrency to watch out for this month is the leading meme currency Pepe Coin. CoinCodex has also predicted that Pepe Coin could rally similarly to Shiba Inu and deliver nearly 50% profits to investors. According to the price prediction, the frog-themed cryptocurrency could reach a high of $ 0.00002228 this month in June 2024. That’s a spike of close to 53.46% from its current price of $0.00001403.
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Both these cryptocurrencies could make investors’ portfolios swell with profits, read the prediction. However, the cryptocurrency market is volatile and cuts both ways delivering losses to investors. There is no guarantee that Shiba Inu and Pepe Coin could spike 50% this month. It is advised to do thorough research before investing in these cryptocurrencies and trade at your own risk.