Altcoins To Have In Your Portfolio Post US Independence

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As a researcher with a background in finance and experience in the crypto market, I believe that the United States Independence Day celebration may cause a brief pause in investment decisions regarding Bitcoin (BTC) and altcoins. The current market downturn, with Bitcoin dropping below $58,000 and several altcoins experiencing significant declines, has resulted in increased caution among investors.

The upcoming U.S. Independence Day celebrations might influence investors’ perspectives towards financial assets like Bitcoin (BTC) and other cryptocurrencies. Currently, the crypto market is experiencing a significant downturn as Bitcoin’s price dips below $58,000, causing altcoins to follow suit with decreases in value leading to increased withdrawals.

When market sentiment turns bearish, crypto traders pause their transactions, while some investors adjust their holdings in preparation for the upcoming bull market. The influence of the US markets on crypto prices is significant due to the high trading volumes in this region. For instance, Bitcoin reached a new record price above $73,000 after the approval of spot Bitcoin ETFs in the United States. Here’s a list of potential altcoins for your investment portfolio following July 4th:

Ethereum (ETH)

The cost of Ethereum has been decreasing over the past few weeks, mirroring the broader crypto market trend. Currently, it is priced at $3,129, representing a 4.73% decrease within the last day. This negative trend continues on a weekly and monthly basis as well. Nevertheless, optimistic investors, or bulls, view this phase as potentially paving the way for higher Ethereum prices in July.

One potential way to rephrase this statement in clear and conversational language is: “Experts predict that the long-awaited listing of an Ethereum ETF on the market this summer could significantly boost the cryptocurrency’s price. Traditional investors are expected to pour large amounts of money into Ethereum, potentially pushing its value to new record highs.”

Solana (SOL)

Solana is one of the cryptocurrencies expected to gain from the push for ETFs. Currently priced at $133, SOL has experienced a 5.82% drop today and a 19% decrease this month. However, this asset has a reputation for bouncing back stronger than the market after setbacks. With optimistic forecasts of market upturns, investors are preparing for potential price hikes. Furthermore, increased on-chain activity and the buzz around popular Solana meme coins add to the excitement.

Toncoin (TON)

The cryptocurrency Toncoin, which has been soaring high this year, has experienced a setback this week. The pessimistic market atmosphere caused its previous achievements to be erased. However, despite being 12% below its new all-time high of $8.24 hit in June, optimistic holders remain hopeful about the potential of its decentralized applications and play-to-earn games.

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2024-07-04 19:42