SOL - 2 Top Cryptocurrencies to Watch in June
2023-06-07 06:59:00 ET
The recent slowdown in the crypto market is forcing investors to take a closer look at the underlying fundamentals of the top cryptocurrencies. Two that particularly stand out are Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL).
Both of these cryptos recently reached important price milestones and are now looking for the next big catalyst to send them higher. Here's a closer look at both, with an emphasis on key catalysts to watch.
In 2022, the big investment thesis for Ethereum was The Merge. This event was a breakthrough technological upgrade that completely transformed Ethereum from a proof-of-work blockchain that required solving math puzzles to validate transactions into a proof-of-stake blockchain, in which users pledge their crypto to validate. Although the price of Ethereum is still up 50% year to date, it seems to have stalled out just below the psychologically important $2,000 price point. For Ethereum to head significantly higher, it may need yet another catalyst to excite investors.
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2 Top Cryptocurrencies to Watch in June