Altcoins
4 Promises of Cryptocurrencies to Buy Before July
Over the past few days, the overall cryptocurrency market has been facing a decline where the Global market capitalization went from $2.58 trillion to the current $2.24 trillion. Although Bitcoin price is struggling, altcoins are collapsing one after another. As of today, the market capitalization of altcoins has dropped to 226.995 billion, and the same is true in the case of the total value locked. However, many analysts supported the trend reversal in July, where the Altcoin rally will bring earnings of 100% or more. And since values are falling, it opens up the perfect opportunity to buy high-potential cryptocurrencies ahead of the July rally.
In this regard, let’s talk about some promising cryptocurrencies to buy before July and why.
Injective (INJ)
In the pullback market situation, Inejctive is among the few cryptocurrencies that are bullish these days. Injective’s price is up 3% in the last 24 hours, currently trading at $23.40 with a market capitalization of $2.1 billion. It has a 5% recovery over the week and is a promising token to buy. With its bullish performance in March, reaching an all-time high of $52.75, Injective has made huge profits for its investors. As the price begins to rise again, INJ can aim to deliver higher gains if the market recovers in July.
Arweave (AR)
Back price it has fallen by 31% in the last 30 days, but has still gained 180% since the beginning of the year, placing it on the list of profitable cryptocurrencies. That said, investors are keeping a close eye on this altcoin, where analysts also believe it could rise to as high as $100 in the bull run this year. As of today, its current value is $26.91 with a market capitalization of $1.7 billion and is a third of its all-time high of $90.9, set three years ago, indicating high growth potential .
Fantom (FTM)
Fantom tops the list of cryptocurrencies to buy with its new update, Fantom Sonic, launched this year, offering faster and better transactions. More importantly, the FTM token will be replaced by “S”, launching an extra supply that will be rolled out among its holders to reward their support. With history demonstrating new gains with such upgrades and token launches, the FTM price
is waiting for the rally. For now, its price is $0.5666 with a market cap of $1.5 billion.
Ethereum (ETH)
Ethereum is moving away from investor expectations this month despite the approval of the ETH ETF, but July will be different for this altcoin. He has been part of the industry, not just surviving but dominating cryptocurrencies. And now the statistics say so Ethereum ETF is to deliver $15 billion in inflows, changing the market dynamic. Its influence will also be on the price of Ethereum, where analysts believe it can rise up to $6K. At the moment, the ETH price is in the buy zone as the price dropped to $3,367.80.
The list of such profitable cryptocurrencies goes far beyond these covered tokens. However, INJ, AR, FTM, and ETH will offer the most promising gains based on their demand in the market.
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