“The Top Five Promising Altcoins to Watch in June: Optimism, Vega Protocol, DSLA Protocol, The Sandbox, and WhiteBIT”

The editors of BeInCrypto have compiled a list of five promising altcoins that can demonstrate positive price dynamics in the next few weeks. Layer 2 Blockchain (L2) Optimism (OP) will upgrade its mainnet, Vega Protocol (VEGA) plans to reduce staking rewards, DSLA Protocol (DSLA) will launch a testnet, The Sandbox (SAND) will stage a massive land sale, and WhiteBIT (WTB) will start trading on Bitfinex.

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Optimism (OP) will carry out a network upgrade

• Price: $1.54
• Market capitalization: $516 million

There are only a few days left before the OP mainnet update: the hard fork will take place on June 6 and will take from 2 to 4 hours.

The price of OP fell on Feb. 24 since hitting a yearly high of $3.24. The decline caused a breakdown of the horizontal support area of ​​$1.85 and led to a local low at $1.48 on May 12.

Despite the fact that the asset has not yet been able to return to the $1.85 area, the RSI has formed a bullish divergence (marked with a green line on the chart), and a double bottom pattern has appeared on the chart.

Since bullish divergences often result in trend reversals and a double bottom is considered a bullish pattern, the OP price is likely to bounce towards $1.85. If this does not happen, it will fall to the nearest support level of $1.40.

Vega Protocol (VEGA) enters a new phase

• Price: $1.57
• Market capitalization: $78 million

VEGA’s decentralized protocol plans to significantly cut staking rewards, which will also lead to lower inflation. Project team in detail told about your plans in the blog

The price of VEGA is currently trying to find support above the $1.55 level, from which it previously bounced. If successful, it could rise to $2.40.

However, if VEGA breaks down, the token is expected to fall in the direction of $1.10.

The Sandbox (SAND) is planning a land sale

• Price: $0.56
• Market capitalization: $1.03 billion

The Sandbox will be hosting the highly anticipated Hallyu Rising land sale from June 8th to 12th. The registration lottery will end on June 7th.

In early February, the price of SAND fell below the descending resistance line and broke through to the horizontal support area of ​​$0.52. However, on May 28, she recovered and returned to this mark again. The bounce was preceded by the formation of a double bottom pattern and a bullish divergence on the RSI.

If the price of SAND breaks above the current figure (marked with a black line on the chart), the next resistance will be at $0.70. Otherwise, it will fall to $0.40.

Bitfinex to List WhiteBIT (WBT)

• Price: $4.80
• Market capitalization: $296 million

WTB will be listed on Bitfinex on June 1st and withdrawals will begin the next day. This is a big step for the token as Bitfinex is the largest exchange it is listed on.

The price of WBT has been gradually rising since the beginning of February. On March 17, it rose above the $4.40 resistance area and subsequently confirmed it as support (marked with a green icon on the chart).

If the growth continues, the next resistance will be at $7.50. However, if WBT closes below $4.40, its price could drop to $3.20.

DSLA Protocol (DSLA) launches testnet

• Price: $0.01
• Market capitalization: $10 million

The DSLA protocol completes the June list of altcoins for observation. The price of its native token has fallen since hitting an annual high of $0.0041 on April 7, leading to a low of $0.0015 on May 11. However, the asset rebounded after that, confirming the $0.0016 horizontal area as support.

testnet startup, planned on June 13, may positively affect the price of DSLA and support the continuation of the rebound. In this case, the asset could rise to the next resistance at $0.0028.