The Best and Worst Cryptocurrency in June

Upbeat Standard (8:00a.m.) on July 2nd (bracket) signify rise of currency within the 6 months

· Bitcoin cash -5.58% lower 507300 (512.53%)

· Light coin 6.51% higher 148000 (495.84%)

· IOS -30.14% lower 7265 (323.78%)

· Etherium 10.25% higher 357750 (292.10%)

· Bitcoin +24.71% higher, 12970000 (264.96%)

· Aida -5.56% lower 102 (231.19%)

· Trone - 1.49% lower 39.6 (223.39%)

· Dash -3.51% lower 193600 (196.04%)

· Monero, -4.42 lower 109300 (159.02%)

· Iota -19.64% lower 495 (112.50%)

· Steam -12.96% lower (79.75%)

· Stella Lumen - 19.75% lower 130 (61.58%)

· Ripple -7.53% lower 491 (58.54%)

Best within 6 Months

While Bitcoin is blowing up on the media regarding its price boost, the biggest increase since cryptocurrency rebounded after the market hit rock bottom on December 15th, 2018 is Bitcoin Cash, which rose 512%. Since then, Light Coin and IOS have risen +495% and 325% respectively. Etherium, Bitcoin, Aida, and Tron were up approximately 200 percent. Dash, Monero, Iota showed an average of 100% increase, Steem, Stellalumen, Ripple showed less than 100% increase.

Best in the Month of June

For the past month of June, Bitcoin showed biggest rise as its price went up more than 24 percent in June alone, renewing its reported price. Since then, Etherium and Light Coin have risen 10.25% and 6.51% respectively. Besides this, most of them experience decrease in price within the month of June.

Worst in the Month of June

Well, the worst cryptocurrency in the month of June was IOS, which fell -30.14% in June alone. Since then, Stellalumen and Iota have decreased -19.75% and -19.64%, respectively. Unfortunately, IOS has not only been criticized for not being a truly decentralized blockchain but also shown worst result in the market.

DPos method was IOS's advantage because of its environmentally friendly nature due to its fast transaction processing speed and low power consumption. However, IOS has also been criticized for not being truly decentralized by the mining, which is called "Witness" by a small number of people (i.e. 21 ions, 20 steamers). The benefits of DPos are seen as a result of the rapid emergence of solutions to scalability and processing speed, which are common problems with Pos-based blockchain systems.

The rise in price that's been really relentless in the last six months is now undergoing a major correction. While most cryptocurrency transactions have been adjusted to the 50-day moving average, Bitcoin, which recorded the biggest increase in June, has maintained the 20-day moving average. Altcoin, which had relatively poor performance, went down to the 200-day moving average.

The decline, meanwhile, is seen as a natural adjustment to the ongoing rally, rather than as a problem. Fundamentals in the cryptocurrency industry are getting stronger, from plans to launch bitcoin futures on New York's cryptocurrency exchange to Facebook's release of a white paper on its stable coin called Libra. It is excited to see how the market will look at the end of the year.

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