Top 5 cryptocurrencies that rose in price in June

The first month of summer is behind us. It was different for cryptocurrencies, but definitely successful even in comparison with the same period in 2023. Over the last week of June, the main cryptocurrency, Bitcoin, rose in price by 2%, which is not a high figure in the context of traditional volatility of the digital market.

But there are tokens that have grown significantly more even over the past seven days, writes RBC Crypto.

Bonk (BONK)

• Market cap: $1.63 billion;
• Maximum price: $0.000042;
• Issue: 93 trillion;
• Growth for the week (June 24 – July 1): +25%.

Bonk is a memecoin that runs on the Solana blockchain and is used as an identity for the Shiba Inu dog breed, just like the largest meme cryptocurrencies Dogecoin (DOGE) and Shiba Inu (SHIB). The token appeared only in January 2023, and immediately arose a short-term excitement around it, after which its price steadily decreased until the end of October, before starting to rise rapidly. The token was last widely discussed in December 2023, when it rose in price by more than 10,000% in two months.

Akash Network (AKT)

• Capitalization: $884 million;
• Maximum price: $7.4;
• Issue: 388 million;
• Weekly growth (June 24 – July 1): +30%

Akash Network is a decentralized cloud blockchain platform used to develop and launch decentralized cloud applications. The network was launched in test mode back in 2017 and became the first such platform in the world.

The project is built on an open-source blockchain. AKT is the platform’s native token. It is used to pay network fees, staking rewards, and cloud services. The coin peaked in 2021, after which it fell sharply in price, but began to grow again and approached its historical maximum in March 2024. This was followed by another fall, but over the reporting week it again showed impressive growth of 30%.

dogwifhat (WIF)

• Capitalization: $2.2 billion;
• Maximum price: $4.5;
• Issue: 998 million;
• Weekly growth (June 24 – July 1): +36%

A memecoin that features a traditional Shiba Inu dog. This time, it’s wearing a hat. In a loose translation from English, where the preposition is misspelled, the name of the token is translated as “dog with a hat.” The creators never claimed the coin’s serious status and even insisted that the name of this cryptocurrency always be written with a small letter.

It is with WIF that the famous story is connected, how a trader who bought a new memecoin for fun for about $310 turned it into $1.4 million in a few months. Over the last week, the token has shown growth of 36%.

Ethereum Name Service (ENS)

• Capitalization: $1 billion;
• Maximum price: $74;
• Issue: 100 million;
• Weekly growth (June 24 – July 1): +44%

Ethereum Name Service (ENS) is a project launched back in 2017. Its purpose is to display long public Ethereum addresses in a short, simple form. This makes it easier for users to remember the address. ENS can convert transaction IDs, hashes, and metadata. Each name will have .eth at the end.

And yes, it was thanks to ENS that one of the main memes of recent months related to airdrops appeared. The user was rightly recorded as a “sybil”, since all his wallets were called Ruslan.eth, Ruslan_01.eth, and so on. As for the project’s native token, ENS, it has been growing in price since the beginning of the year, sometimes slightly rolling back. Over the past week, the coin has risen in price by 44%.

Mog Coin (MOG)

• Capitalization: $685 million;
• Maximum price: $0.0000021;
• Issue: 360 trillion;
• Weekly growth (June 24 – July 1): +75%

Mog Coin is a memecoin that, according to its creators, is fundamentally different from other similar tokens. So, supposedly, MOG is the first cryptocurrency of the Internet culture, which combines jokes and social currency. Despite the seemingly humorous approach, the project has a clear and well-thought-out tokenomics.

A deflationary model with a built-in token burning mechanism should ensure that the remaining coins increase in value over time. Indeed, since its release in September 2023, the coin has been growing almost all the time. It is currently close to its historical maximum, having increased by 75% in the last week.

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