Top 3 Crypto Projects to Watch in June 2023

Paigambar Mohan Raj
Source: CNBCTV18

The crypto markets took a beating as the SEC filed double lawsuits against two industry heavyweights, Binance and Coinbase. However, although the losses were significant, the markets seem to be turning around. Bitcoin (BTC) has gained 4.6% in the last 24 hours, inching closer to $27k once again. The original crypto fell to a low of $25.4k on June 6 but has since made a remarkable recovery.

With that being said, let’s take a look at the top cryptocurrency projects to keep an eye out for this month.

Top crypto projects to watch in June 2023

XRP: XRP has made gains of 3.8% in the last 24 hours, and 3.4% over the previous week. However, one of the biggest developments around the asset is the verdict of the SEC vs. Ripple lawsuit, which some claim is right around the corner.

According to lawyer John Deaton, the SEC has less than a 3% chance of winning the suit. Moreover, the lawyer said that a Ripple victory could lead to an XRP rally. The token might reach $2 very soon. Moreover, he said that FOMO (fear of missing out) won’t kick in until the token hits $10.

At press time, XRP was trading at $0.528266, down by 0.1% in the last hour.

Litecoin (LTC): Litecoin (LTC) is another crypto to keep an eye on as the project is nearing its halving event. LTC is set to undergo its halving on August 10, which is almost two months away. Like Bitcoin (BTC), halving events usually lead to an increase in the asset’s price.

LTC has already gained 3.3% in the last 24 hours and 1% over the previous week. At press time, LTC was trading at $90.25, up by 0.2% in the last hour.

ShibaSwap Bone (BONE): Shiba Inu’s (SHIB) offspring token, BONE, will be the governance token for the project’s upcoming layer-2 network, Shibarium. When the network goes live, there might be a surge in the demand for BONE tokens, which have a limited supply. According to lead developer Shytoshi Kusama, Shiabrium could launch sometime between June and August.

BONE has gained 4.2% in the last 24 hours, but is down 3.5% over the previous week. At press time, BONE was trading at $0.782261, up by 0.1% in the last hour.