The cryptocurrency market has not made its investors smile for the last 6 months. After the devastating May and June months, there is finally some recovery in sight. Meanwhile, investors are looking for altcoin projects that offer the best opportunities for the rest of the year. In this article, let’s list the analysts’ picks for the July investment list.
Here are 8 altcoin projects to invest in in July
ApeCoin
Apecoin received a lot of attention for most of 2022 and continues to support it with new projects. The Metaverse project is linked to the world famous Bored Ape Yacht Club NFTs. When APE first hit the market, it rallied thousands of percent before making a correction. But despite the current recovery, there are some developments that make ApeCoin a good investment option at the moment.
One of these developments is the release of Other Side Metaverse. The great thing about Otherside Metaverse is that the plots are sold with APE. This project takes the value of ApeCoin to a different level. Also, due to its association with Bored-Ape NFTs, ApeCoin has emerged as the largest metaverse project recently. ApeCoin is leading the rapidly growing Web 3.0 market, especially NFT games. Many ApeCoin price predictions expect APE to double in 2022.
Ethereum
ETH is currently at the top of most analysts’ July lists. It is the heart of Ethereum, DeFi, NFT, metaverse and dApp industries. Today, most Dapps, DeFi, NFTs or any other kind of projects run on Ethereum. As the number of these cryptocurrencies grows, the Ethereum ecosystem is expanding and becoming more valuable.
On the other hand, the Ethereum developer team provided new solutions to address the slowness of the network. The Ethereum network has been in the process of transitioning to Proof-of-Stake for the past two years. Pos will provide several benefits, including making ETH deflationary. Price predictions for Ethereum extend to the $4500 to $5500 region in 2022. Therefore, July would be a good time to buy ETH, according to analysts, due to the merger planned for September and high expectations.
Binance Coin
Leading cryptocurrency exchange Binance uses its own token, BNB, for most transactions. Binance also has an ecosystem called BNB Smart Chain. Binance burns millions of BNB every quarter. This is expected to continue in the coming years. The token burn helped Binance Coin rise from the penny price in 2017 to $667 in 2021.
Due to the supply shock caused by the token burn, most BNB price predictions expect this cryptocurrency to trade above $1000 in 2022. Also, analysts expect BNB to reach much higher prices in the coming years.
wither
Solana is suitable for investment due to its core functionality and increased adoption. To understand how big of a deal Solana is, it is necessary to know that it processes 50,000 transactions per second with transaction costs under $0.01. Solana also has one of the fastest growing ecosystems of DeFi and NFT projects. SOL is the native cryptocurrency of the Solana ecosystem. Thus, as Solana is adopted, the value of the SOL price increases.
Analysts are also very optimistic about Solana in 2022 and beyond. Many Solana price predictions expect SOL to increase by over 450% in 2022. If these predictions hold, Solana is one of the most potential altcoin projects to consider today.
dogecoin
Dogecoin stands out as one of the lowest value altcoins to buy in July. This is because its community and adoption levels are increasing. In 2021, we saw the massive bull run of Dogecoin thanks to Elon Musk’s tweets. That said, Dogecoin is emerging as one of the hottest meme coins to buy in 2022.
From 2020 to mid-2021, Dogecoin increased by 12,000. This followed a series of tweets from Elon Musk aimed at pumping DOGE. Meanwhile, even before the Twitter deal is finalized, every news is pumping the Dogecoin price. This hype makes Dogecoin an ideal altcoin for the July listing.
shiba inu
Shiba Inu was one of the hottest meme coins after rallying over 48,000,000% in 2021. It has been somewhat stagnant since then. Over the past few years, the Shiba Inu has grown around the meme coin hype mainly triggered by Dogecoin. However, it has since developed a distinctive character and its intrinsic value is growing. For example, last year the team introduced ShibaSwap, a DEX for Shiba Inu and other cryptocurrencies transactions. As Kriptokoin.com, we have cited Shiba’s latest partnerships in this article.
However, the biggest move the Shiba Inu team has made this year has been to introduce the Shiba Inu Metaverse. Given how much hype there is around the Metaverse, there’s no doubt that the Shiba Inu could be among the top cryptocurrencies to succeed this year. Analysts are also very optimistic about the Shiba Inu, with most Shiba Inu price predictions expecting the SHIB to double by the end of 2022.
cardano
ADA is another altcoin on the list of the best cryptocurrencies to buy in July. Cardano is the largest PoS Blockchain in the market. It is also one of the biggest Ethereum competitors in the market today, such as Solana, Avalanche, and others. Altcoin stands out from the competition with its security features. All thanks to the Ouroboros PoS algorithm, which has been peer-reviewed and proven to be secure, scalable, and decentralized.
Cardano acquired smart contract capability in October 2021. Since then there has been healthy growth in Dapps in the Cardano ecosystem. Thanks to its scalability and low costs relative to Ethereum, many analysts expect Cardano to grow in adoption in 2022. Cardano’s token ADA is also expected to grow as it acts as a utility token in the Cardano ecosystem. While no one can accurately predict the future, most ADA price predictions expect it to be one of the best altcoin projects to succeed in 2022.
Avalanche
Avalanche is a smart contracts platform gaining popularity as a launchpad for various Dapps from Dapps to NFTs. AVAX gained popularity as the top Ethereum competitor in 2020. This has to do with Avalanche’s core metrics like scalability and low costs. Avalanche is known for processing up to 4500 transactions per second and for extremely low costs.
Also, unlike some of its competitors that suffer from network lags, Avalanche is known for its network stability. These strengths make Avalanche a high potential to grow in value in the future.
So far, Avalanche has reacted positively to price as adoption has increased. In 2020, Avalanche hit the ATH level of $2.79. By November 2021, Avalanche had risen to its ATH level of $146.22. Most Avalanche price predictions expect AVAX to remain a top-performing altcoin for years to come.
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