- API3 aims to bridge blockchain applications with real-world data through decentralized APIs, enhancing web3 connectivity.
- SEI Network’s innovative airdrop strategy could drive significant user engagement and potential coin value increase.
- Pendle’s focus on yield trading and the upcoming V3 release with margin trading features indicates a bullish future.
In dynamic crypto market conditions, observers and investors continue to monitor market movements and events that can affect the value of the crypto assets in question. Based on that, there are 5 potential altcoins in June 2024.
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API3 (API3)
API3 is an Oracle service that gives blockchain applications access to both off-chain and real-world data. The primary goal is to create decentralized APIs (dAPI), which enable blockchain-based applications to smoothly interface with data and services from web2.
API3 recently raised $4 million in funding from four VCs, including DWF Labs. Usually, the crypto assets invested in by DWF Labs surprise with price increases as happened with AIOZ Network (AIOZ) and Highstreet (HIGH).
Sei Network (SEI)
Sei Network, this EVM-compatible layer-1 project took the unexpected step of providing a second round airdrop with a minimum allocation of 200 SEI ($104) and a maximum allocation of 6,000 SEI ($3,120).
This airdrop only requires staking of 42 SEI ($22) before May 16, 2024. With this airdrop, there is a chance that there may be another round of airdrops in the Sei ecosystem, so speculators will need SEI coins to get involved. This could lead to price appreciation.
Apu Apustaja (APU)
Apu Apustaja (APU) is a meme coin from the meme character Apu Apustaja who resembles Pepe the Frog but with Spurdo Spärde’s depiction style. This meme coin is on the Ethereum (ERC-20) network, with a market capitalization of $215 million, or about 29 times smaller than PEPE’s market capitalization.
Based on recent phenomena, it is no longer impossible for a meme coin to reach a market capitalization of $1 billion. APU, a memecoin that also has elements of “Pepe” in it, may have good potential considering its market capitalization is still around $200 million.
Pendle (PENDLE)
This DeFi project focused on yield trading has experienced consistent positive development, seen from trading activity on the platform and also the achievement of locked value (TVL). Pendle’s TVL hits ATH at $6.1 billion, just $100 million behind Uniswap. The Pendle platform is not yet in its final form, the anticipation that Pendle V3 will introduce margin trading will probably lead to price appreciation for this token.
Pyth Network (PYTH)
After experiencing a massive token unlock, the price of PYTH experienced a significant decline. This token touched its highest price at $1.15 before unlocking. However, currently, PYTH is trading at $0.4053 and experiencing a correction of 4.5%. Seeing a significant price drop, even back to the price range when the listing first came to market, allows for a good accumulation opportunity.
API3, SEI, APU, PENDLE, and PYTH show promising futures in the crypto industry. API3 aims to connect web2 and web3 with real-world data. SEI Network’s airdrops and community engagement enhance its layer-1 status. Apu Apustaja (APU) could mimic successful meme coins.
Pendle’s yield trading and upcoming V3 with margin trading signal growth. PYTH Network, despite recent corrections, offers a valuable investment with its strong infrastructure. These altcoins are poised for significant progress in the evolving crypto landscape.
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