Cryptocurrencies are attracting more and more investors’ attention in 2023. Overall, cryptocurrencies are gaining prominence not only because of their potential for financial growth, but also because of their underlying community-centric principles and philosophies. In this article, we will transfer 7 coins, including MATIC, that will rise according to cryptocurrency analyst Rudy Fares. Here are the details…
Coins to rise according to the analyst: MATIC, TRX and more…
Bitcoin (BTC)
Bitcoin provides continuous improvements that keep it ahead of its peers. It also continues to maintain its status as a leading cryptocurrency with changes. The principle of decentralization coupled with its unaltered maximum supply indicates that Bitcoin is favored. It also secures its position as an investment. Moreover, the community’s efforts to improve the performance of the Blockchain network continue to increase Bitcoin’s reputation among investors. With the latest sequential promotion, the community is getting bigger beyond just Bitcoin maxes.
Cardano (ADA)
In the same context, Cardano solidified its place on the agenda with its groundbreaking research-oriented approach. The developers behind Cardano ensure security and operational efficiency when creating updates. According to the analyst, Cardano’s strength lies not only in its unique scientific method, but also in the active participation of the community in the governance of the platform.
Cardano (ADA) price has performed well so far in 2023. It has gained more than 50 percent since the beginning of the year. According to the analyst, Cardano could likely benefit from technical innovations such as the Vasil update coming in September 2022. In the coming weeks, the positive trend in ADA price may continue. An altcoin bull run can push the price up by 20 percent or more.
Shiba Inu (SHIB)
Shiba Inu remains a major player, especially in the community-focused crypto space, according to the analyst. SHIB’s success relies on its solid and dedicated community that remains stable even during market downturns. The strength of the Shiba Inu community lies in its commitment to the project and its collective belief. This is evident from their active involvement in the ecosystem, from promotion to brainstorming innovative ways to improve the project. The token economy structure, which also includes features such as Shiba Inu’s ecosystem and ShibaSwap decentralized exchange, provide robust mechanisms for long-term viability and community engagement.
Ripple (XRP)
The XRP price has performed stronger in the last few weeks compared to the beginning of the year. This is due to the growing optimism of the community regarding a possible decision in Ripple’s legal dispute with the SEC. According to the analyst, a possible altcoin bull run could cause the XRP price to rise sharply. In the long run, XRP carries a higher risk due to the uncertainty of regulation by US authorities. However, we can see a bullish trend in the coming weeks.
Tron (TRX)
Tron or TRX token, which is among the top 10 cryptocurrencies, has seen strong increases recently. TRX has risen more than 10 percent over the past few days, while other altcoins have gained very little. This trend could continue in the coming weeks, making Tron the third best altcoin to buy for June 2023.
Polygon (MATIC)
June 2023 presents an opportune time for investors to consider MATIC as a potentially profitable investment. According to the analyst, one of the most important factors that makes MATIC an attractive investment tool is its price, which is well below its value. Despite its enormous potential, MATIC is trading at a relatively low price. This makes it an attractive option for those looking for undervalued assets in the crypto market. In addition, the continued use of the Polygon network by leading companies in the web3 space further strengthens MATIC’s position.
As these companies continue to adopt and use the Polygon network, it increases the utility and demand for MATIC tokens, potentially increasing its price. With the upcoming bull run, many analysts and experts predict that MATIC prices will experience significant growth. However, as with any investment, it is important to do extensive research and consider various factors before making an investment decision.
Stellar (XLM)
XLM (Stellar Lumens) remains undervalued, currently trading below 10 cents. Therefore, it presents an attractive investment opportunity. This low price point positions XLM as an attractive option for investors seeking potential growth in the cryptocurrency market. Moreover, XLM’s price is closely tied to Ripple’s developments. A victory for Ripple over the SEC has the potential to positively impact the price of XLM in the upcoming bull run. Because Stellar continues to benefit from Ripple’s success.
Increased credibility and renewed market confidence in Ripple’s legal transactions could potentially lead to a domino effect, benefiting XLM’s price performance. However, it is important to remember that the cryptocurrency market is highly volatile and affected by a variety of factors. It is vital to conduct thorough research and consider a number of factors before making any investment decision.
