June 2019 has now come to an end. There has been a lot of news that has contributed to the growth of the crypto sector in a very positive way and it is not difficult to draw up a ranking of the best cryptocurrencies.
On the other hand, there are also several negative performances despite the fact that most of the market has seen strong growth, with a market cap that went from $268 billion (May 29th) to $335 billion today.
Best cryptocurrencies of June 2019
Bitcoin (BTC) is undoubtedly one of the top performers of this time frame but, unlike what many think, it is not in first place. Obviously, unknown cryptocurrencies with small volumes and outside the top 100 for market cap on CoinMarketCap are not taken into account.
- Chainlink (LINK)
The winner of the ranking that features the best cryptocurrencies of June is undoubtedly Chainlink (LINK). This is an Ethereum token that raised $32 million during the 2017 ICO.
Recently it has been the protagonist of several news, among the most important is certainly the agreement with Google Cloud according to which the creators of dApps based on Ethereum will be able to integrate data from sources outside the blockchain using the services offered by Chainlink (LINK).
Not only Google Cloud, but also Coinbase Pro. Three days ago, the cryptocurrency exchange Coinbase Pro announced that it would list Chainlink (LINK) within its platform:
Our LINK/USD, and LINK/ETH order books will soon enter transfer-only mode, accepting inbound transfers of LINK in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/BnVOqhFUdV
— Coinbase Pro (@CoinbasePro) June 26, 2019
The value of Chainlink (LINK) has grown a lot in this last period, especially thanks to these two pieces of news. The token has gone from $1.20 a month ago to $3.56 today, a growth of almost 200%, although in reality its ATH, also reached today, is $3.68.
- Bitcoin SV (BSV)
Bitcoin (BTC) is not even in second position. In its place, there is Bitcoin SV (BSV). Despite the continuous legal misunderstandings in which its creator, Craig Wright, is the protagonist, the cryptocurrency has not lost much value, quite the contrary.
Currently, considering a monthly time frame, Bitcoin (SV) is recording an increase of about 66% which pushed it to a market capitalisation of 3.7 billion dollars, just above Tether (USDT) which stops at 3.6 billion.
However, recent news has shown that, as of June 23rd, only 100 transactions were responsible for 86% of BSV’s total volume. This has raised several questions about the fact that probably these few people have decided to carry out transactions to keep the Bitcoin SV (BSV) network alive. Despite everything, BSV is one of the best cryptocurrencies of the month.
There are also all those lawsuits ranging from the brother’s trial to the charges against Binance and Tether, from the filing of the bitcoin whitepaper (BTC) to the delisting carried out by Binance and Kraken. All problems which no community would want to have to deal with.
Analysts had predicted the growth that would lead NEO to reach a 1.25 billion market cap.
— Trading Room (@tradingroomapp) June 13, 2019
According to this user’s tweet, on June 13th, NEO is one of the cryptocurrencies with the most growth potential. Trading Room defines NEO as:
“The biggest laggard.”
Its time has come as well. The value of the crypto went from $11.2 to $17.8, registering a +59% in just 30 days. As often happens when a cryptocurrency grows in value, fake websites appear to generate profits from naive and inexperienced users who operate in this market.
SCAM ALERT: Fake website regarding NEO3.0 spotted! There is no token swap scheduled on NEO currently. Do exercise discretion when you are asked to share your private key. For official updates, visit our webpage https://t.co/ZG8NVtTuRz, and official [email protected]_Blockchain pic.twitter.com/uLScz7mbZe
— NEO Smart Economy (@NEO_Blockchain) June 17, 2019
and all that remains is to wait and see what the so-called Chinese Ethereum has up its sleeve.
- Bitcoin (BTC)
Bitcoin (BTC) is in fourth place not because it is less important, but simply because it has recorded a smaller monthly increase than other cryptocurrencies. Let’s not forget that the correlation between BTC and all altcoins is very strong.
Very often, when bitcoin moves, so do the other crypto. As a result, the strong upward trend that began in April saw BTC at the forefront followed by all the other cryptocurrencies.
Bitcoin (BTC) rose from $8,587 to $11,691 this month, an increase of 36.14%. However, if we consider a quarterly time frame, BTC was worth $4,100 on March 29th, 2019 and its value has almost tripled since then (to be precise it has grown by 185%).
The news that has had the greatest impact on the value of the main cryptocurrency is certainly related to the arrival of Bakkt, which is about to enter the market. Several tests will be conducted in July and everyone expects the official announcement to be made by 2019.
Facebook and its cryptocurrency, Libra, have certainly helped to make people aware of cryptocurrencies, especially Bitcoin. BTC has even managed to reach the $13,793 mark on June 26th which caused a lot of FOMO in the communities. It still remains one of the best cryptocurrencies of the month of June.
- Zcash (ZEC)
Last but not least, is Zcash (ZEC).
The Zcon1, the second annual conference focused on the future of the Zcash (ZEC) blockchain, ended on June 24th. CEO Zooko Wilcox highlighted several issues and noted that they are all working to ensure interoperability between Zcash (ZEC) and Ethereum (ETH).
Thanks also to the launch of a new Zebra client, written in Rust, which took place around the middle of this month and which increasingly aims to protect privacy, Zcash has recorded remarkable performances.
ZEC went from $81.65 to $110.97, an impressive 35.9% growth. However, it remains in the twenty-second position just above Ontology (ONT). The developments that will follow, along with the investments that might be finalised, will have a great impact on the future of Zcash (ZEC).