As we enter June, the cryptocurrency market is showing signs of activity. Bitcoin’s exchange supply is decreasing, suggesting a potential supply shortage. At the same time, the dominance of Bitcoin is waning, while Ethereum remains stable around $2,700, indicating a possible upcoming rally for altcoins.
Bitcoin recently surged past $111,000 but has since retraced to around $105,000. This slight pullback could create an opportunity for altcoins to shine.
An analysis has identified the **Altcoin Golden Cross** pattern reemerging. This bullish signal occurs when a short-term moving average, like the 50-day, crosses above a long-term moving average, such as the 200-day. Historically, this pattern has preceded significant altcoin rallies, hinting at a potential surge in altcoin prices.
According to a well-known analyst, the bear market for altcoins is concluding, paving the way for what could be the most substantial crypto bull run ever, expected to last 1-3 years. Despite this, the true altcoin rally may not have commenced yet, urging investors to remain patient and hold their positions. Analysts from **Altcoin Buzz** have identified four altcoins that could see gains in June.
**Altcoin 1: Toncoin**
TON is set to be a headline sponsor at the NFC conference in Lisbon (June 4-6), potentially leading to significant announcements. However, the token’s unlimited supply may give rise to investor concerns. Analysts anticipate a breakout of up to 40% as TON forms a triangle pattern.
**Altcoin 2: Virtual Protocol**
Virtual Protocol has gained popularity in the AI launchpad sector, with a 60% increase over the past month and nearly 2000% growth in the last year. The platform enables users to participate in launches by staking VIRTUAL tokens, earning points, and pledging them to new projects. Despite its complexity, the team plans to release tutorials for user guidance.
**Altcoin 3: Quant Network**
Quant Network addresses a major issue in the crypto space by focusing on blockchain interoperability. With all tokens in circulation, QNT has seen a 50% increase in value over the past month. This altcoin, with a market capitalization of $1.5 billion, has significant growth potential.
**Altcoin 4: Near Protocol**
Near Protocol is an AI-centric Layer 1 blockchain known for its speed, scalability, and developer-friendly environment. Utilizing Nightshade sharding, it accelerates performance and offers a unique MPC network for seamless cross-chain transactions without the need for bridges or wallet switching. Priced at $2.60, Near Protocol boasts a $3.17 billion market cap and an infinite token supply.
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