News
3 Coins That Will Bounce Big in July
July is raising hopes for several crypto enthusiasts, ushering in the possibility of encountering a new price surge for investors to bask in. The realm is now gearing up to witness the epic bounce of three major crypto tokens, which could hand out stellar returns to their holders, provided these coins continue to ride out the bullish start of the market. Keeping the trend in line, here are our top three tokens that are set to encounter major price bounces in July.
Read also: Cryptocurrency: 3 Coins Set to Double Returns in July
Three Coins That Could Make a Big Comeback in July
Cryptocurrency #1: Bitcoin
The month of June was quite slow for Bitcoin as the token witnessed significant drops in its price. With the influx of Mt Gox BTC FUND, the price of Bitcoin was experiencing strong price volatility. However, in July, the token is expected to make a strong price comeback. July has historically been bullish for BTC, while June has always ushered in new lows for BTC.
Second Monetary codeBitcoin could surge and surge by 33% this July, reaching a new high of $83,000.
“Bitcoin price is forecast to rise by 33.02% and reach $84,324 by July 31, 2024. According to our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 53 (neutral). Bitcoin has recorded 16/30 (53%) green days with a price volatility of 4.87% in the last 30 days.”
Cryptocurrency #2: Shiba Inu
The Shiba Inu token is also seeing a sharp price decline. The token has seen a 33% decline in its valuation and is currently trading at a price level of $0.0000172. The token has historically hit new price highs in July, making it a particularly profitable month for SHIB in terms of valuation and price.
In addition, major cryptocurrency exchange Coinbase is also launching SHIB futures in July, which could help SHIB hit a new price high. At the same time, the blockchain version of Shiba Eternity will also help SHIB scale its momentum, ushering in a major rebound for the token.
Second Monetary codeShiba Inu price could increase as much as 68% by July 8, reaching a new all-time high.
“The Shiba Inu price forecast for the next 30 days is a projection based on the positive /Nnegative trends. SHIB will change hands at $0.00002877 on July 8, 2024, gaining 64.99% in the process.”
Cryptocurrency #3: Cardano
ADA has long been hovering in the lower price ranges of $0.30-$0.48. However, in a recent development, Cardano is also set to undergo its long-awaited Chang Hard fork deployment. The fork integration will bring governance options that ADA users can access and leverage. This major reboot could play a major role in boosting ADA’s price, which in turn can help the token reach a new price.
Second Monetary codeADA could peak and settle at $0.45 in July.
Read also: US Dollar Spikes: What’s Driving the Dollar’s Current Surge?
“Cardano price prediction for the next week is between $0.378931 on the low end and $0.433745 on the high end. TCardano price may increase by 14.47% and reach $0.433745 by July 15, 2024.
However, once the fork deployment begins, the price of ADA may fluctuate and trade at higher prices than expected by technical portals.