These Are the Next 5 Cryptocurrencies to Make Massive Gains June 2021

The cryptocurrency market continues to wobble. Having rallied in the wake of El Salvador making bitcoin legal tender, most coins have declined by 1% to 5% in the past 24 hours. However, the slight dip in price presents traders with ample opportunity for buying coins at a discount. So here’s our pick of the next 5 cryptocurrencies to make massive gains when the market rebounds.

The Next 5 Cryptocurrencies to Make Massive Gains June 2021

1. Bitcoin (BTC)

Perhaps the most notable consequence of the recent El Salvador and Tesla news is that bitcoin’s (BTC) dominance of the cryptocurrency mark has begun creeping up again. Its share of the market sank below 40% on May 19, according to CoinMarketCap. It’s now back up to 45%, cementing its status as the safest crypto during periods of market stress.

This increase is the result of bitcoin rising more strongly than most other coins in recent days. It has risen in price by 3% over the past week. Meanwhile, pretty much every other coin has fallen quite significant during the same period. Ethereum (ETH) is down by a little over 5%, while dogecoin (DOGE) and ripple (XRP) have fallen by 7% and 3.5%, respectively.

If any cryptocurrency is going to make massive gains in the coming weeks, it’s bitcoin. Not only has it outperformed the rest of the market recently, but it has the best prospects for the near future. As the El Salvador and Tesla episodes show, it has a better chance than any other coin of attracting real-world use and adoption. Banks such as JPMorgan, BNY Mellon and Wells Fargo have begun rolling out bitcoin investment services for their wealthier clients. More will likely follow suit, increasing the probability of strong gains.

Bitcoin’s improving environmental record

Much has been made of Bitcoin’s environmental impact in recent weeks. Fortunately, available data does indicate that the share of renewable energy in Bitcoin’s total energy consumption is increasing. Cambridge University’s 2nd Global Cryptoasset Benchmarking Study found that 28% of the total energy used by Bitcoin miners came from renewables between May and July 2018. In its latest study, Cambridge found that this percentage had increased to 39% for the period between March and May 2020. In other words, Bitcoin miners had increased their overall use of renewables by 11% in just under two years.

This bodes well for the future, particularly after Tesla recently set Bitcoin a 50% target for renewables use. As the cryptocurrency makes itself greener, other companies and institutions will also turn to it. In the process, bitcoin’s price will rise healthily, although this is more of a long-term process.

2. Ethereum (ETH)

Ethereum (ETH) has suffered compared to bitcoin recently, but this puts it in a better position to rebound. It has lost nearly 4% in the past day, and over 5% in the past week. Yet its fundamentals remain as strong as ever, creating reason to believe that its current price offers a considerable discount on its ‘true’ value.

Looking to the future, the rollout of Ethereum 2.0 looks highly promising for the platform. The CEO of blockchain infrastructure provider Blockdaemon has recently said that certain larger banks are interested in staking on Ethereum 2.0. Meanwhile, deposits to the smart contract that will control staking on the new chain now stand at 5.6 million ETH. This indicates the already high demand for staking with Ethereum 2.0. It also indicates how much ethereum will be taken out of circulation once Ethereum 2.0 finally goes live.

As such, ethereum is one of the likeliest cryptocurrencies to make massive gains in the short-to-medium term.

3. Ripple (XRP)

Ripple (XRP) is another cryptocurrency which has struggled over the past week. It has fallen by 2% in the past day and nearly 4% in the past week. It’s now also 56% down from its 2021-high of $1.92, at $0.84.

Despite such falls, XRP is well-positioned to surge in the near future. Key to its future is its ongoing case with the Securities and Exchange Commission. While the SEC’s commencement of legal action initially knocked XRP’s price, things have increasingly looked promising for Ripple ever since. Current legal opinion suggests that the SEC doesn’t have a massively strong case.

1.The SEC is requesting more depositions and more documents. There's only one reason to do this: your discovery to date has not given you what you need. And what is most of the further discovery about? Yep, the "Fair Notice" defense. That defense sure does make the SEC nervous! https://t.co/N6QAKHbXVN

— Jeremy Hogan (@attorneyjeremy1) May 25, 2021

At the moment, the case is likely to reach a summary judgement by December or January. However, there’s a good chance that the SEC and Ripple may settle before then, given that more than 90% of the SEC’s cases never go to trial. If so, XRP would jump vigorously in price. It would also have a much better chance of gaining more adoption, with more banks willing to work with it again. That said, it has continued to announce new partnerships during the case. In May, it revealed deals with the National Bank of Egypt and UAE-based financial service provider LuLu International Exchange.

4. Polygon (MATIC)

Polygon (MATIC) is one of the most hyped-up cryptocurrencies of the moment. It’s the native token of Polygon, a layer-two chain designed to be compatible with Ethereum and Ethereum-based apps. It has risen by just over 7% in the past week, outperforming nearly every other coin. It has also risen in price by nearly 7,000% over the past year, underlining the market’s expectation of Polygon’s growth and success.

Polygon has been very successful in recent months in attracting adoption. A growing number of projects are joining its network, choosing it over Ethereum itself. It has also launched a software development kit that lets anyone build an Ethereum-compatible blockchain. Such growth highlights how MATIC is one of the best-placed cryptocurrencies to make massive gains in the coming months.

5. Theta (THETA)

Theta (THETA) is another new coin that has outperformed much of the market. At $9.58, it has rallied by over 8% in the past week. It has also increased by nearly 4,000% over the last 12 months.

As the native token of a video-delivery and -streaming blockchain, THETA is likely to have a bright future ahead of it. At the end of May, Theta announced a new partnership with the Creative Artists Agency, which will run a validator node on its network, alongside Google, Sony, Samsung and others. It therefore has plenty of backing, with Samsung pre-installing the Theta.tv channel on its Galaxy S20 phones, for instance.

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