Altcoins
5 Altcoins to Watch in July 2024
The cryptocurrency market has been growing immensely for some time and continues to do so, resulting in new altcoins appearing every day. Filtering out the ones where you should invest your efforts and money has therefore become a difficult task.
To make everything easier, BeInCrypto has compiled a list of altcoins that you should pay attention to in July to take advantage of the market.
Toncoin (TON)
The price of the Telegram token Toncoin is among the best performing assets this quarter. The altcoin not only reached a new all-time high in early June, but is also on the verge of setting a new one.
Trading at $7.6, TON could make a move to invalidate the current all-time high of $8.2 to push above $8.5. The current uptrend line has been tested consistently and has remained unbroken so far, solidifying it as a support base.
To know more: What are Telegram Bot Coins?
TON Price analysis. Source: Trading visualization
In case the uptrend is broken, Toncoin price may drop to $7.
Notcoin (NOT)
Another Telegram token you should keep an eye on is Notcoin (NOT). The native token of the Telegram-based web3 game, NOT surprised the market with a 317% rally immediately after its launch.
Although the last few days have not been very fruitful for the altcoin, NOT has managed to break out of the downtrend line this week. If this holds, the altcoin could start recovering its lost profits by reaching $0.020, compared to the current trading price of $0.015.
To know more: What is Notcoin (NOT)? A guide to the Telegram-based GameFi token
On the other hand, losing the $0.013 support could lead to invalidation of the bullish thesis and extended losses.
Solana (SOL)
Solana’s price has more to do with its demand over the past two weeks, which has been driven primarily by institutional interest. CoinShares’ report noted that as of June 21, SOL had recorded inflows worth approximately $3.3 million.
This is higher than the competition, including Litecoin (LTC), Chain link (LINK) and Ripple (XRP). If the altcoin breaks above the resistance at $156, it could push SOL from $144 to $169.
To know more: Solana (SOL) Price forecast 2024/2025/2030
However, a failure to break the threshold could send it down to $126, which has been solidified as a support level over the past three months.
Kaspa (KAS)
Kaspa price could reach a new all-time high in the next month considering that the altcoin has maintained its bullish trend. The uptrend that began in early May has been sustained and KAS changing hands at $0.177 could capitalize on this effect.
The current all-time high is $0.193 and to break above it, Kaspa price would first need to break above $0.184. Flipping this into support would provide KAS with the boost it needs to establish a new ATH.
To know more: Kaspa (KAS) Price Forecast 2024/2025/2030
However, history could repeat itself as it has failed to close above this resistance three times in the last four months. As a result, Kas could end up consolidating above $0.162.
Brett (BRETT)
The meme coin, also known as PEPE’s best friend, has had an impressive success. Based on Coinbase’s BASE chain, the cryptocurrency has seen immense gains. During the first week of June, Brett’s price increased by over 132% before correcting.
The all-time high for BRETT is $0.195, and the meme coin could surpass that. Considering that the hype and demand surrounding the altcoin is still high, it could benefit from this.
To know more: 4 Cryptocurrencies That Could Hit New All-Time Highs in July 2024
However, knowing the history of meme coins and the volatility that accompanies them, there is a possibility that this breach could fail. As a result, a drop to $0.140 is possible, which would invalidate the bullish thesis.
Disclaimer
In line with the Trust project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto strives to provide accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our Terms and conditions, Privacy PolicyAND Disclaimer They have been updated.