Ethereum (ETH)
The king of the altcoins, Ethereum, holds a lot of potential as an investment this month as the DeFi pioneer is preparing for the arrival of ‘The Merge’ as well as the Difficulty Bomb next month.
Scheduled for August, these two events will bring an overhaul to the network, which investors and developers have been preparing for since December 2020.
Although the one-month ROI on ETH isn’t particularly impressive, it is the anticipation of the potential profits that investors can reap by entering low.
Shiba Inu (SHIB)
As much as one may want to discredit Shiba Inu for everything it stands for (and believe me, I support you for doing so), the meme coin has managed to amass an audience that has been in preparation for the arrival of Shiba Inu’s SHIB: The Metaverse.
The development is set to be a game-changer for the network, making it a viable asset for investment as well. This is why getting in while it is still picking up pace is an excellent opportunity for those looking to gain profit.
Cardano (ADA)
Similar to Ethereum, Cardano is also going to experience an overhaul to its DeFi front this month as the Vasil hard fork is scheduled to go live on the mainnet by the end of July.
After recently going live on the testnet, Vasil is said to make an impact not only on the network but also on the native asset.
Chainlink (LINK)
One of the standout cryptocurrencies in the market is Chainlink, thanks to its unique offerings and features.
Although the oracle blockchain may not look promising when it comes to the ROI, its consistent development and integrations among hundreds of DeFi protocols make it a must-have asset.
In the second quarter alone, Chainlink integrated with more than 12 blockchains and Layer-2 networks, with its oracle networks crossing the 1000 mark.
This is despite the bearishness experienced by the market last month, which is what gives LINK its value as a strong network will always support the growth of the asset.
Celsius (CEL)
CEL has been among the emerging altcoins that became the highlight of the month, with the highest Return on Investment (ROI) of 113%. The altcoin, which was trading at $0.36 a month ago, was found to be changing hands at $0.75 at the time of writing.
As a leading platform, Celsius will find competition in the market, but if the broader market gears shift into bullish, CEL is bound to witness profits.
Quant (QNT)
Another altcoin with spectacular ROI was Quant’s native token QNT which reported 48.43% returns over the month. In the market which kept Bitcoin consolidated at $20k, even an ROI of 48% is a commendable achievement.
But what makes Quant a solid investment is its use cases. Being a blockchain interoperability network and operating system, Quant makes cross-chain functionality much easier for blockchains which are becoming a necessary feature for crypto networks thanks to user demand.
Storj (STORJ)
Last on the list is Storj, however, it is in no way inferior to any of the other cryptocurrencies on this list. Like Chainlink, Storj also brings a different, albeit already existing, feature to the crypto space in the form of a decentralized system for digital file storage.
This way, systems running its software can rent unused hard drive space to users for storing their files, which can be then paid using the native token SOTRJ.
Now, as just a token too, STORJ has performed exceptionally in the last month generating ROI up to 40%.
With the growing need for decentralization, such platforms would become a viable alternative for storage clouds, which makes STORJ a good investment going forward.