Top 3 Crypto Projects to Watch in June 2023

Paigambar Mohan Raj
Source: MarketWatch

The crypto markets seem to be entering an optimistic phase as we enter June 2023. May was a little bumpy after a period of high performance in April. However, this summer might have a lot of surprises for investors. The last summer was one of the history books with one of the most dreadful market crashes, followed by the collapse of several firms. However, one year on, the markets seem to have gotten over their wounds, albeit with some scars. With that being said, let’s take a look at the…

Top Crypto Projects for June

Litecoin (LTC):

Litecoin (LTC) has its halving event set to take place on August 10. The event will half the number of rewards to LTC miners from 12.5 LTC to 6.25 LTC. Like with Bitcoin (BTC), LTC’s halving event may lead to a spike in the asset’s price. As supply decreases, demand may cause an increase in value. However, like with other halving events, miners are not hoarding LTC tokens just yet. Instead, miners have been seeing their holdings. This could pose a risk to LTC’s potential price rally.

Shiba Inu (SHIB):

Shiba Inu (SHIB) is one of the most popular crypto projects. The project is all set to launch its very own layer-2 network, Shibarium. The launch will mean that SHIB will cease to be an ERC-20 token, and will have its own blockchain. Fans and users anticipate the launch to vastly propel SHIB’s price. According to SHIB lead developer Shytoshi Kusama, the upcoming layer-2 could debut sometime in June or August.

However, like with many SHIB projects, we do not have an exact launch date. More delays could hamper the price of the token as the Shibarium launch is the only thing that is pushing SHIB at the moment.

Bitcoin (BTC):

Bitcoin (BTC) is the original crypto and there is rarely a crypto bull run without BTC moving. Since January, BTC is up by almost 70%. No other asset has managed to show such incredible performance. Therefore, it goes without saying that BTC is one crypto that every trader and investor should have their eyes on.

With the LTC halving not generating much traction, BTC might just steal the spotlight over the next few months. Moreover, with the U.S. debt ceiling talks going through, investors may feel confident to invest in risky assets.