8 Best Altcoins June 2018
June is upon us and the crypto market continues with its up and downs, as if it was curing a cold that just won’t go away. It is in times like these that clarity is most needed, and so, just for you, here is our selection of the alts to follow this month, from low caps, to disruptive projects and household names, take note:
Aurora DAO ($AURA)
What is Aurora DAO ($AURA)
Aurora DAO ($AURA) is an advanced decentralized financial network that aims to democratize access to high-end financial services regardless of social class or geographic location. It works as an aggregator of Ethereum-based applications and protocols that form this banking and finance platform. Its flagship product at the moment is IDEX, the biggest and most popular decentralized exchange in the market. The project also has its own stable coin, the Boreal, which is pegged to the USD and will eventually be collateralized against real-world assets
Why we like Aurora DAO ($AURA)
A couple of weeks ago you got an entry point alert for Aurora. At the current price, Aurora is still at an interesting place, going through accumulation. This is a project we follow closely at Coinvision, it being behind the IDEX exchange. It is establishing Proof-of-Stake (POS) and will have an app that will allow users to validate data from the network on their own computer receiving a percentage of IDEX fees in return. There is no fixed date for the launch of POS in Q3, so this one is a long hold.
Current price: 0.00002965 BTC
Term: Long
Risk: Medium-Low
Havven ($HAV)
What is Havven ($HAV)
Another coin we are following closely this past few weeks is Havven ($HAV).
The Havven team is putting in place a decentralized payment network and establishing a stable coin by using over-collateralized secondary tokens to create stability. HAV tokens are collateralized by other digital assets and locked in Smart Contracts which pay transaction fees to token holders. The HAV tokens are then used to collateralized the Nomins tokens, that are a stable coin used to operate the company’s platform.
Why we like Havven ($HAV)
Havven is approaching a very interesting development in the coming weeks. The team is launching its Nomins ($nUSD) stable coin as well as its payment system platform on the 11th of June, which should bring much attention to it. Volume has already started to pick up at above USD$1 Million per day and the recent listing on KuCoin also bodes well for the coin.
Current price: 0.00007460 BTC
Term: Medium
Risk: Medium
Internext ($INTX)
What is Internext ($INTX)
Internext is developing a decentralized cloud storage platform geared for the mass market, with improved speed, user experience, and resource consumption. After an unsuccessful ICO in September last year, the team continued to push ahead with its ambitions. In Q1, the team released the Alpha versions of its X Cloud storage platform and of its X Core data sharing platform. They feature easy to install node running software and are already available to the public.
Why we like Internext ($INTX)
Internext is still very much under the radar even though it has a finished working product that it is already monetizing. This is a very low cap (USD$4 million), low-key (over 80% of volume is traded in IDEX or CoinExchange) token with a lot of potential for the long term. The team is releasing the Beta versions of X Core and X Cloud in Q3 and the token is going through accumulation stage even though volume remains low.
Current price: 0.00075190 BTC
Term: Long
Risk: Medium-High
iExec RLC ($RLC)
What is iExec RLC ($RLC)
iExec RLC ($RLC) sustains a decentralized distributed cloud computing platform built of top of the Ethereum blockchain. In essence, the platform provides cloud storage and CPU/GPU resource and application renting, using a decentralized structure to tackle a market that is today dominated by Dropbox, Google Drive and iCloud. It has a novel approach to CPU renting as the platform’s marketplace allows users to trade computer power as a commodity.
Why we like iExec RLC ($RLC)
This is one of the most exciting tokens this month as its calendar should bring a lot of investor attention. iExec RLC’s near schedule should see the second version of their platform being launched in the short-term. They have recently signed a partnership with Intel for privacy preserving off-chain computing and another with RSK to bring off chain computing to Bitcoin smart contracts. They have also be selected for the second season of Ubisoft’s Start-Up Program at Station F, in April. The iExec marketplace has just recently gone live and new updates were made to its whitepaper in mid-may. On top of all this, the charts show a big cup and handle on a triangle that could see the coin rise to as much as 0.0006 BTC in a long hold.
Current price: 0.00021118 BTC
Term: Long
Risk: Medium-High
Counterparty ($XCP)
What is Counterparty ($XCP)
Counterparty runs a protocol on top of the Bitcoin blockchain that allows for the creation of smart contracts on the Bitcoin ecosystem. The company describes their system as “writing in the margins of the transactions”, imposing specific rules to token disbursement according to the code inscribed in the contracts. Their native token, XCP is used to pay for the execution of the smart contract services and also functions as stake, which grants the holder voting rights in community decisions.
Why we like Counterparty ($XCP)
This month we are looking at the $XCP token as it seems to be bottoming at USD$12 from a peak at USD$21 in April and an all time high of over USD$85 in January. It is a very low cap and low volume coin, which is subject to considerable and quick price swings that can provide quick profit opportunities.
Counterparty currently trades mostly on Bittrex on a BTC pair. This is a high-risk high-reward token, so be prudent.
Current price: 0.00158274 BTC
Term: Short
Risk: High
ENG ($ENG)
What is Enigma ($ENG)
Enigma is a second-layer blockchain protocol that is tackling privacy and scalability issues in smart contract. The Enigma ecosystem, powered by the ENG token, turns smart contracts into “secret contracts” by introducing a new protocol that allows data to be processed by nodes without being visible to them.
Why we like Enigma ($ENG)
We have been following Enigma closely here at Coinvision. As for calendar, the project’s testnet is going to be deployed until the end of June, which should gather developer interest. From a TA perspective, the token seems to have reached a good entry point after a solid retracement and both the RSI, the SRSI and most other indicators seem to indicate a reversal towards a price bounce. There is some risk but as it is a very solid project, the Enigma token can provide results both in the short and long run.
Current price: 0.00026139 BTC
Term: Medium
Risk: Medium-High
EOS ($EOS)
What is EOS ($EOS)
In the crypto world, it is difficult not to hear about EOS these days. The top 5 coin has just closed a record-breaking USD$4 billion ICO. However, in case you been living under a rock, EOS is establishing an ecosystem to enable vertical and horizontal scaling of decentralized applications within its own blockchain. It aims at supporting any type of digital asset on its network at nearly zero transaction costs.
Why we like EOS ($EOS)
While the results of the ICO are impressive, we are looking at EOS this month for other reasons. The truth is that, after much talk about how EOS could raise ungodly amounts of money without a working product, this week we should finally see the deployment of the project’s mainnet. There will surely be a lot of price moment in the days before and after the launch. The upcoming airdrop should also help further strengthen investor interest. Whatever the immediate result of the upcoming changes is, however, we see EOS as a strong long hold.
Current price: 0.00026139 BTC
Term: Medium-Long
Risk: Medium-low
Kyber Network ($KNC)
What is Kyber Network ($KNC)
Kyber Network is another coin we have talked about a lot here at Coinvision. The Kyber team has built a decentralized exchange for digital assets that will also allow users to engage in derivative trading, and is quickly becoming one of the most popular DEXs in the market. It supports seamless asset transfers with instant automatic cryptocurrency exchange.
Why we like Kyber Network ($KNC)
This is a very solid project that has received considerable attention recently. Kyber Network’s native token, $KNX, is used to perform the transactions within its network which, if we look at the example of most exchange-native coins, tend to show considerable gains as volume and adoption grow. The team is about to undergo a rebranding and marketing campaign that should see a lot of investor movement in the weeks/months to come. Their Initial Exchange Offering taking place this week should also greatly contribute to price increase.
Current price: 0.00019137 BTC
Term: Medium-Long
Risk: Medium-Low
And there you go, your catered selection for June 2018. Stay tuned for our upcoming updates, alerts and articles. We will keep looking around to give you the best of what is out there. Get these and other exclusive alerts earlier by becoming a Coinvision Premium member and join our private community on Discord.
Happy trading.
Disclaimer
We are stating our vision and opinions, we are not giving you financial advice and if you invest in this project it is your full responsibility. You are investing at your own risk. Always invest only what you can afford to lose and try to diversify your investments. Finally, do your own homework and learn about the project use case, roadmap and team.
Originally published at www.coinvision.co.
