Altcoin April.jpg.optimal Seven Altcoins to Watch in June

Seven Altcoins to Watch in June

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-IoTex is a fast, secure, and scalable blockchain that aims to create and power an open ecosystem where people and machines interact freely with each other in a trusted setting.
-The new mainnet, version 1.8 launched on May 30. It provides several new features, including: Staking via Metamask, Improved peer-to-peer robustness, Application Programming Interface (API) improvements.
-IOTX had been trading underneath a descending resistance line since the beginning of April. The downward movement led to a low of $0.021 on May 12. IOTX has been increasing since then and broke out from the descending resistance line on May 23.
-If the upward movement continues, the main resistance area would be found between the 0.5-0.618 Fib retracement resistance levels at $0.068-$0.079.
-Monero is a secure, confidential blockchain that focuses on providing complete privacy for its users.
-Monero tail emissions will start on June 9, at the block height of 2,641,623. This means that from that date on, block rewards will be 0.6 XMR.
-XMR had been increasing inside an ascending parallel channel since May 12 but broke down from the channel on May 27. Despite the breakdown, it has regained its footing and is currently attempting to reclaim the support line of the channel.
-Since the support line coincides with the $200 horizontal resistance area, its likely to provide strong resistance. A breakout above this level would likely cause the price to accelerate quickly.
-Cardano is a blockchain that provides security and sustainability to decentralized applications (dApps) and uses proof-of-stake technology.
-The Vasil hardfork will go live on June 29. This is the second significant upgrade after Alonzo and will focus on improving network connectivity and stability.
-ADA has been decreasing inside a descending parallel channel since reaching an all-time high in September 2021. The downward movement ended on May 12, when ADA bounced at the midline of the channel.
-The daily RSI has generated a bullish divergence (green line). Additionally, it has broken out above a descending trendline.
-If a price breakout follows, ADA could increase toward $1.25.
-DefiChain is a blockchain platform whose aim is to maximize the potential of decentralized finance (DeFi) within the Bitcoin (BTC) ecosystem.
-The new block reward adjustment schedule went live on May 30, at the height of block 1,928,200. It provided improved rewards for several stock tokens, including Microstrategy and Gamestop.
-On May 21, DFI broke down from an ascending support line that had previously been in place for 305 days. Until it reclaims this support, the trend cannot be considered bullish.
-Elrond is a blockchain

 

 

Altcoin April.jpg.optimal Seven Altcoins to Watch in June
Seven Altcoins to Watch in June 3

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