Cryptocurrency is a major solution to survive current economic challenges and inflation. The key is to understand and master the strategies involved. Once you grasp these tricks and strategies, cryptocurrencies offer numerous opportunities to make money, provided you’re willing to take risks and have faith in them. Like any other business, cryptocurrency demands patience, risk tolerance, and time. In this blog, let’s discuss the top 4 cryptocurrencies that are likely to boom and become a success for you in July. Without further ado, let’s begin.
Don’t forget to read our other blog about the 2 cryptocurrencies expected to reach $50 billion in July.
In recent days, the overall crypto market has experienced a downturn, with the global market cap dropping from $2.58 trillion to the current $212.791 billion. While Bitcoin’s price is struggling, altcoins are crashing one after another. As of today, the altcoin market cap has fallen to $226.995 billion, and the total value locked has similarly decreased. However, many analysts predict a trend reversal in July, expecting an altcoin rally that could yield gains of 100% or more. With current values being low, this presents an ideal opportunity to invest in high-potential cryptocurrencies ahead of the anticipated July surge.
On that note, let’s discuss 4 top promising cryptos to buy in July:
Ethereum (ETH):
July will be different for the ETH altcoin, currently valued at around $3,173.03. Ethereum is a key player in the cryptocurrency market, known for its smart contract capabilities and extensive adoption. Not just surviving but dominating the crypto market, Ethereum’s ETF offers have attracted $15 billion in inflows, changing the entire market dynamics. Analysts believe it is in the buying zone and predict it can rise as high as $6,000.
Fantom (FTM):
Fantom has gone up to the forefront of must-buy cryptocurrencies, driven by the upcoming FantomSonic update promising faster transactions and improved efficiency. The transition of its FTM token to “S,” accompanied by an additional supply airdropped to holders, aims to reward support and enhance market engagement. Historically, such updates have catalysed price rallies, with Fantom currently priced at $0.5666 and boasting a market cap of $1.5 billion. This positions Fantom optimistically within the crypto market, fueled by investor confidence in its technological advancements and growth potential.
Arweave (AR):
Following Fantom’s recent surge, this altcoin has also gained attention in the cryptocurrency market. Even with a recent 31% decrease, Arweave has still seen a 180% increase since the start of the year, marking it as one of the profitable cryptocurrencies in the market. Investors are now looking at Arweave with interest due to its potential for future gains. Analysts believe Arweave could reach as high as $100 during the next bullish market phase. Currently priced at $26.91 with a market capitalization of $1.7 billion, Arweave is trading at about one-third of its all-time high of $90.9, which it reached three years ago. This suggests significant growth potential and positions Arweave as an attractive option for investors looking for opportunities in the cryptocurrency market.
Injective (INJ):
This altcoin is standing strong in the current market downturn, showing bullish signs while many other cryptocurrencies are struggling. It has recently surged by 3%, now trading at $23.40 with a market cap of $2.1 billion. Over the past week, it has recovered by 5%, making it an attractive option for investors. Back in March, INJ reached its peak at $52.75, bringing significant profits to its holders. With the market potentially recovering in July, INJ could offer even higher returns to those looking to invest.
Despite recent price declines, these altcoins are actively enhancing their growth through steady improvements and are anticipated to yield significant gaine due to their market demand. Analysts view this period as a buying opportunity for potential long-term holds and significant profits.
Wrapping up
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