Crypto Gems: Top crypto assets to watch & buy in June 2024
Ethereum spot ETFs got approved in the US signaling that the altcoin market is about to get its due recognition and adoption. Bitcoin has crossed $70,000 again and is within 5% of its all-time high. Key altcoins (Ethereum, Solana and Cardano) are still 20-30% off their 2021 highs even as BNB looks to enter price discovery mode. The overall crypto market, currently at $2.6 trillion, looks to exit its consolidation phase and push towards a strong second half of the year.
To maximize your crypto returns, it is prudent to allocate a decent share to emerging and upcoming narratives that potentially drive value in the ecosystem. Today, we cover the trend of AI and tokens that can leverage its narrative along with the continued focus on RWAs and memecoins. While we do the crystal gazing, we encourage investors to understand the risks and growth potential associated with each asset and do their independent analysis.
AI tokens – ASI, AIOZ, TAO (higher risk, great returns)
Artificial Superintelligence Alliance (ASI) is about to launch mid-June with the merger of three AI behemoths and their tokens – Fetch.ai (FET), SingularityNET (AGIX) and Ocean Protocol (OCEAN). The merger is expected to accelerate investment into AI, facilitating the commercialization of cutting-edge AI technologies and enabling wide-scale access. Collectively, the three tokens enjoy a market cap of $3.4 billion today. ASI will start at that base value and can likely do a 5-7x over 18 months if it becomes the go-to-AI-platform in Web3.
