4 Promising Cryptos To Buy Before July

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As a researcher with a background in crypto and blockchain technology, I have closely monitored the recent downturn in the global cryptocurrency market. Over the past few days, we’ve seen the market cap drop from $2.58 trillion to the current $2.24 trillion, with Bitcoin price struggling and altcoins crashing one by one. However, some analysts predict a trend reversal in July, where altcoins will rally and bring 100% or higher gains.

As a market analyst, I’ve observed a downturn in the crypto market over the past few days. The total market capitalization has dropped from $2.58 trillion to the current $2.24 trillion. Bitcoin‘s price instability is evident, but it’s the altcoins that are taking the brunt of the decline. The altcoin market cap now stands at 226.995B, and so does the total value locked. Many analysts predict a trend reversal in July, with potential altcoin rallies delivering gains of 100% or more. Given the current market situation, this downturn presents an excellent opportunity to invest in promising cryptocurrencies before the anticipated July rally.

On that note, let us discuss some promising cryptos to buy before July and why.

Injective (INJ)

In the current bearish market trend, Injective is one of the rare cryptos exhibiting a bullish stance. The value of Injective has increased by 3% over the past 24 hours, now priced at $23.40, and boasts a market capitalization of $2.1 Billion. The token has managed a 5% recovery in the previous week and appears to be a lucrative investment opportunity. Having reached an all-time high of $52.75 during March, Injective has generated significant returns for its investors. With the price poised for another uptick, INJ holds potential for substantial gains if the market bounces back in July.

Arweave (AR)

The price of Arweave has dropped by 31% over the past month, but it has managed to increase its value by an impressive 180% since the start of this year. As a result, this cryptocurrency now qualifies as a profitable investment for many. With experts predicting that it could reach up to $100 during this year’s bull market, investors are showing strong interest in Arweave. At present, its value is at $26.91 and its market capitalization stands at a substantial $1.7 billion. Despite being only one-third of its all-time high of $90.9, which was reached three years ago, the potential for growth remains high.

Fantom (FTM)

I’m currently bullish on Fantom due to its upcoming update, FantomSonic, slated for release this year. This update promises faster and improved transactions. Moreover, the FTM token will be replaced by a new one named “S.” Notably, S tokens will be airdropped to existing FTM holders as a token of appreciation for their loyalty. With previous price surges following similar updates and token launches, I believe the FTM price is poised for a rally. At the moment, FTM is priced at $0.5666 with a market capitalization of $1.5 Billion.

Ethereum (ETH)

Ethereum has failed to meet investors’ expectations so far this month, even with the approval of the ETH ETF. However, July could be a game-changer for this altcoin. Ethereum has been a significant player in the crypto industry, not just surviving but leading the pack. Recent data suggests that the Ethereum ETF could bring in $15 billion in inflows, altering the market’s dynamics. This development is expected to impact Ethereum’s price positively, with analysts predicting it could reach as high as $6,000. Currently, Ethereum’s price is considered a buying opportunity since it has dropped to $3,367.80.

As a crypto investor, I can tell you from my experience that there are numerous profitable cryptocurrencies outside of the ones we’ve discussed, such as INJ, AR, FTM, and ETH. However, in my opinion, these particular tokens hold the most potential for significant returns due to their strong market demand.

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2024-06-27 12:42