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Market Analysis

Coins to watch out for this month - June

Updated: Aug 27, 2024
Published: Jun 6, 2019
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The Cryptonary Team are excited to present you a new monthly feature, coins to watch out for. Each month we will be presenting 3 different tokens that we feel are at a good point both fundamentally AND technically. For the first instalment in the series the chosen 3 coins are:

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  • Zilliqa (ZIL)
  • ARK (ARK)
  • Crypto.com (MCO)
Zilliqa:

The 46th coin by market capitalisation is one of the most undervalued projects in the market with a price of $0.02 (508% down from its all-time highs).  Zilliqa is a public-blockchain platform focused on the use of sharding technology to decrease the speed of transactions. While the common denominator of many payment platforms can only process no more than 15 transactions per second, ZIL can process around 2828 per second.

The reason we picked ZIL to be part of the list is the potential of the upcoming events in its roadmap.  After the successful Mainnet Launch in Jan 2019, the technical team seems to be working non-stop. During Q3 they will be releasing the new refactored Core Protocol, as well as an enhancement for Scilla and several mechanisms to support higher-level languages. Specifically, on the 10th of June, smart contracts will start to be available on the platform, a goal the team originally had two years ago!

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ARK:

Ark is the second coin on our watch list. It was one of the few top coins that did not experience a huge spike during the last bull run, with its price currently being  $0.54 (98.22% down from its all-time highs at $33.48). With 62M market cap, the project is based on the development of a chain of blocks applicable to several uses as well as building a fortified and easy-to-access ecosystem.  Simplicity and scalability are two of the most attractive features of the platform. Ark’s customers are able to use many coding languages as well as making use of smart bridges to interoperate with external blockchains.

In addition to Ark being significantly undervalued currently, the 2019 Roadmap shows that the new Core will be available soon, as well as the 2.0 version of the Mobile Wallet and the integrated Interplanetary File System. ARKVM is also expected during Q3 and Q4 of 2019. The ARK Virtual Machine will be used by members to issue smart contracts. As well as the mentioned developments, Contactless Chip Wearable Devices and Hardware Wallets are going to be available to users soon (82.5% completion).

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Crypto.com (MCO)

Commonly known as Monaco, the project has had a key role inside worldwide crypto adoption by providing users with several tools to buy and sell digital currencies. The team has released successful products such as an online crypto wallet, physical cards with 5% cashback on spendings and a crypto portfolio that can be easily used for quant trading. Ranking 70th by market capitalization and currently being traded at $5.82, the cryptocurrency MCO has a lot of room for growth (79% down since its record high at $28.97), without taking into account that it can be traded across the biggest crypto exchanges such as Binance, Bittrex, and Huobi, which will lead to an increase in volume substantially when significant announcements are made.

By the end of June, MCO team will start sending Visa Cards to South Korea. The Korean market has millions of users, earning the title of the Asian country with the fastest cryptocurrency adoption mechanisms. The entrance of Monaco into the South Korean market can increase their revenues significantly, and traders will have their eyes peeled to watch how successful the outcome will be.

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