The cryptocurrency market has been on the decline since November last year. Most altcoins have lost more than 80% from their ATH prices. Now investors are looking for the best altcoins to buy at discounted prices. In this article, let’s list 8 altcoins from the list of experts to answer this question.
Top 8 altcoin projects to watch in July
Ethereum (ETH)
Ethereum tops the list of altcoins to watch for July 2022. Most of the altcoins below use the Ethereum network. Most of the meme, metaverse, NFT and other projects are based on Ethereum. That’s why you can see Ethereum first on most top altcoins lists.
Ethereum has proven to be a good option for long-term investment since 2015. It has the potential to surpass other investments in the long run. Analysts say that the value of Ethereum (ETH) has plenty of room for growth going forward. Therefore, it can be fruitful to follow closely while ETH is currently discounted.
ApeCoin (APE)
The next altcoin on the list is ApeCoin. APE was launched in 2022 by the team behind Bored Ape Yacht Club. The project is a platform consisting of 10,000 pieces of Bored Ape NFT. ApeCoin is an ERC-20 token with management and utility features. Apecoin price was around $6.40 when it was first released in early 2022. It peaked at around $42 in hours on initial sale.
ApeCoin has recently stepped into the market as a metaverse project. Currently, Cryptoi is used for online shopping via Shopping.io. ApeCoin is one of the best cryptos to buy according to most ApeCoin price predictions.
Binance Coin (BNB)
The next altcoin to watch in July 2022 is BNB Coin (BNB). BNB, an exchange token, is backed by Binance. The crypto exchange also has its own network BSC, which allows exchange users to enjoy paying less commissions.
Binance coin is also used to book investment, payment transactions and travel arrangements. It is also exchanged for other cryptocurrency assets such as Ethereum or Bitcoin. However, the price of Binance Coin, like other major cryptocurrencies, has experienced a dip in recent months. It is currently trading at a 68% discount from the ATH price.
Uniswap (UNI)
Uniswap is one of the largest Ethereum-based DEX exchanges. This popularity drove Uniswap to a market cap of $5.70 billion in early 2022. However, Uniswap has expanded its business model by creating an online marketplace with NFTs and the metaverse. According to Uniswap price projections, $18 is expected in 2022. However, the coin now represents a discounted purchase price of over 60%.
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Another altcoin on the list was Solana (SOL). Solana leverages the permissionless nature of Blockchain technology to provide DeFi solutions. Although the idea behind the SOL project started five years ago, Solana’s official launch took place in March 2020. Solana is one of the hottest crypto tokens that has skyrocketed in the past year. The price of the cryptocurrency is constantly reaching ATH levels, which attracts the attention of investors worldwide.
Dogecoin (DOGE)
Dogecoin was one of the most popular cryptocurrencies purchased last year. It quickly peaked at $0.76 in May 2021. Thus, it earned over 19,000% in five months. However, the price of Dogecoin has since experienced a significant decline. Additionally, its price is trading at 52-week lows. According to the analyst, Dogecoin is one of the important projects to watch in July 2022.
Cardano (ADA)
Another cryptocurrency to invest in today is Cardano. The network’s native cryptocurrency, ADA, has recently received more attention as one of the growing number of PoS blockchains under construction in the crypto environment. The Cardano project describes its protocol as a third-generation Blockchain that aims to enable smart contracts with future quality control and management applications of the supply chain.
Many experts suggest that the Cardano price will blossom in the coming years and with it the entire crypto world. The digitization of money is expected to have a huge impact on the market. That’s why analysts expect cryptocurrencies like Cardano to increase in strength.
Avalanche (AVAX)
Last on the list of altcoin projects to invest in in July is AVAX. Avalanche is an open programmable smart contract platform for decentralized applications. The platform (we can also define it as a layer for DApps and private Blockchain networks. It is similar to Ethereum in terms of functions. However, it has unique features and features that make it a unique and valuable cryptocurrency platform.
Just like other Ethereum competitors, Avalanche aims to be the number one blockchain for smart contracts. It offers a number of benefits including higher throughput of up to 6500 tps without sacrificing scalability. According to analysts, investing in Avalanche offers extremely profitable opportunities. In fact, many have made huge profits by investing in AVAX. For example, from July 2020 to April 2022, the price of AVAX increased by more than 2,200% from $4.13 to $98.58.
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