In June 2024, Bitcoin experienced significant price swings, hitting a high of $72,000 and a low of just over $58,000, ultimately declining by about 7% for the month. Despite the volatility, Bitcoin ended June at $63,313, up 3.72% from the previous day. Alongside Bitcoin, major altcoins like Ethereum, Solana, Avalanche, Chainlink, and Uniswap also saw price increases of 3-6%. A supply overhang and macroeconomic factors, such as rising interest rates and regulatory changes, influenced market dynamics, contributing to the price fluctuations. For the quarter, Bitcoin's price dropped by 12%, closing Q2 at $62,743, down from $71,262 at the end of Q1.

After a challenging month where most tokens were affected by Bitcoin's price drop, two tokens stood out by weathering the storm: Toncoin and Tron.

- Toncoin (TON) saw an impressive monthly increase of 22.70%. Toncoin, known for its integration with the messaging app Telegram, has gained popularity due to its focus on privacy and fast transactions.

- Tron (TRX) also performed well, with a 13.49% increase. Tron is a blockchain-based platform that aims to build a decentralized internet. It is known for its support of decentralized applications (dApps) and its high throughput capabilities.