Most Important 3 Crypto Projects for June 2023
As June 2023 approaches, the crypto markets appear to be transitioning towards an upbeat period. After an April performance phase that was really strong, May was a touch rocky. For investors, this summer may hold a lot of shocks. The most horrific market crashes in history occurred over the past summer, which was followed by the failure of numerous businesses. One year later, nevertheless, the markets appear to have healed, albeit with some scars. After saying that, let's look at the...
June's Top Crypto Projects
The halving event for Litecoin (LTC) is scheduled for August 10. The event will cut the incentives given to LTC miners in half, from 12.5 to 6.25 LTC. Similar to Bitcoin (BTC), the price of LTC could increase as a result of its halving event. Demand may raise value as supply declines. However, unlike prior halving occasions, miners are not yet stockpiling LTC tokens. Instead, the miners have been able to see their assets. This might put the planned price increase for LTC at risk.
SHIB: Shiba Inu
One of the most well-known cryptocurrency ventures is Shiba Inu (SHIB). Shibarium, the project's very own layer-2 network, is about to go live. After the launch, SHIB will no longer be an ERC-20 token and will instead have its own blockchain. Fans and users believe that the debut will significantly increase SHIB's pricing. Shytoshi Kusama, the lead developer for SHIB, predicts that the upcoming layer-2 may make its public appearance in June or August.
We do not, however, have a precise launch date like we do with many SHIB projects. As the Shibarium launch is the sole thing driving SHIB at the moment, more delays could have a negative impact on the token's price.
BTC, or Bitcoin:
Since Bitcoin (BTC) was the first cryptocurrency, it almost never moves during a bull run. BTC has increased by roughly 70% since January. No other asset has been able to demonstrate such extraordinary performance. Therefore, it should go without saying that every trader and investor should be keeping a watch on Bitcoin (BTC).
Since the LTC halving hasn't gained much popularity, BTC might end up taking center stage over the coming several months. Additionally, investors might feel comfortable investing in riskier assets now that the U.S. debt ceiling talks are progressing.