Ethereum (ETH), Ripple (XRP), and Rollblock (RBLK): Will The Market Rally To New Highs In June?
Despite drastic price fluctuations in the course of May, the crypto community has their eyes pegged on a big jump in the month of June. Three of the top altcoins they are eyeing to generate profit are; Ethereum, Ripple, and Rollblock . Rollblock, has already gone up by 40% and is one of the altcoins to watch for an outstanding rise in price in June.
With June already here, analysts are expecting Ethereum (ETH) to reach a new peak in the next few weeks. Their high level of optimism stems in part from the reduction in the amount of Ethereum available on exchanges.
Ali Martinez recently reported to his followers on X that since the SEC greenlighted spot Ethereum ETFs, over 777,000 ETH has been moved off cryptocurrency exchanges. The large number of withdrawals indicates that investors are sticking with Ethereum and are not looking to sell the asset.
Also, there is a possibility that spot Ethereum ETFs could begin trading on exchanges this month. If this happens, the Ethereum price may rise to $5000 in no distant time. This potential makes Ethereum one of the best altcoins to watch .
Currently trading in the red zone of the market, Ripple (XRP), one of the top altcoins, has dropped gains on the weekly and monthly price chart. The price of Ripple is exchanging hands at the $0.512–$0.5393 price level.
This is about 86% lower than the highest XRP price of $3. 84. With this price movement, it will not be very easy for it to fly past its ATH price. XRP could, however, rise above its one-year high of $0.8875, but only if the situation surrounding Ripple’s lawsuit with the US SEC gets resolved.
In addition to Ethereum and Ripple, Rollblock (RBLK) has emerged as one of the best altcoins to buy for June. Rollblock is currently
