Cryptocurrency Update: Comparing the Growth of Top Performers in June, 2021 – Analytics Insight

Lets analyze the performance of these promising cryptocurrencies

June is becoming rather exciting for the cryptocurrency market. Elon Musks recent tweet about possibly accepting Bitcoins again as a mode of payment for his company Tesla made the market glee with joy. Bearing all greens, crypto investors are enjoying a sigh of relief seeing their investments blink in green. While this is not the most amazing bullish streak ever, after a tough week for the market, Bitcoin has rallied up to reach a mark thats closer to its all-time high of US$60,000.

If you want to invest in cryptocurrency, this week in June, here are the five best performing cryptocurrencies and their growth patterns compared to each other. Also, heres a guide to help you get started.

As of June 15, Bitcoins 24-hour chart looks like a mountain range Bitcoin investors will appreciate. After another week of price fluctuations, Bitcoins price reached the US$40,000 mark thanks to a tweet by Elon Musk. Tesla CEO tweeted about the possibility of Tesla accepting Bitcoin payments again, once it takes the eco-friendly mining route. This made the value rally up and had an impact on the rest of the crypto market as well. With a 24-hour lowest price of US$38,945 and a 24-hour high of US$41,046, with no other big red flags like Chinas breakdown on cryptocurrencies, Bitcoin is expected to be bullish around a stable value as its 24-hour returns are up by 2.79%.

Ethereum is making the most of its bullish streak with a 24-hour high of US$2,640. Compared to Bitcoin, Ethereum has a higher percentage growth in terms of 24-hour returns at 5.09%. Ethereum logged a 24-hour transaction count of 1.19 million, which is partly because Elon Musks market shook up. Experts predict that Ethereums price will increase to US$2,800 by the end of June.

XRP is rallying after a disappointing week. Over the past seven days, XRP lost about 5.38% of its value but is now witnessing a steady growth of 1.75% in the last 24-hours. As of June 15, XRP has a 24-hour high of US$0.929970 after going down to US$0.863368. Thanks to its all green charts, Ripples XRP has managed to up its 24-hour returns by 1.76%.

Along with Ethereum, Cardano is another cryptocurrency that skyrocketed in the past 24-hours with a 4.20% increase. All charts point towards an upwards projection for Cardano with a 3.73% increase in 24-hour returns. Within this time, Cardano witnessed a low of US$1.51 and a high of US$1.61. Right now, Cardano is expected to hit the US$2.00 mark by the end of the month, making this a promising cryptocurrency to buy.

Off late, Dogecoin went a bit undercover. But thanks to Elon Musk, it revived the plummeted crypto coin again with a 24-hour increase of 1%. While it might seem a lot, it still earns a place in the top five growing cryptocurrencies as per its 24-hour metrics. Its returns increased by 0.80%, making its yearly returns all green with a 6,836% spike. As of June 15, Dogecoin has witnessed US$550.10 million transactions which speak volumes about its relevance in the crypto market.

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Cryptocurrency Update: Comparing the Growth of Top Performers in June, 2021 - Analytics Insight