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The Best Ethereum-Based Tokens to Buy This July!
The cryptocurrency market started the month of July on a strong bullish note, adding over 4% to its global valuation in the last 24 hours. Furthermore, the altcoin leader, Ethereum priceit regained momentum and jumped 3.26% in the last day.
Following their footsteps, ETH-based tokens have shown a similar trend, gaining significant value in their respective portfolios. With the rising bullish sentiment, will these altcoins overtake the major cryptocurrencies this month?
Let’s get started, because in this article, we have covered the price analysis and long-term targets of the top 5 Ethereum-based altcoins that have the potential to post significant gains this month as the market sentiment has turned bullish.
OriginTrail (TRAC):
After successfully retesting its $0.60 support level, TRAC price successfully regained momentum and registered a jump of 10.82% in the last day with a change of +63.98% in its volume of trading. Furthermore, the altcoin is up 30.79% over the past week and has a YTD return of 17.05%.
TradingView: TRAC/USDT
The technical indicator, MACD, is showing a steady rise in the green histogram, indicating an increase in buying/selling pressure in the crypto space. Additionally, the averages are showing a positive trend, suggesting that the price will continue to gain value in the coming time.
Furthermore, the simple moving average (SMA) is constantly acting as a support to the price chart in the 1D time frame, suggesting an increasing bullish sentiment for the TRAC coin price.
If the market holds OriginTrail price above the $0.770 support level, the bulls will regain momentum and prepare to test its upper high of $1.132. On the contrary, a bearish reversal could push TRAC price towards its low of $0.60 this month.
PepeCoin (PEPECOIN):
Launched on the Ethereum chain on April 15 following the memecoin craze by the pioneers and visionaries in the year 2016. This project introduced an entertainment operating system style app ecosystem. This integrates DeFi, gaming, unique NFT experiences, and cutting-edge memetics.
With a trading price of $3.52, a circulating supply of 115,752,038 PEPECOIN and a total supply of 133,769,419 PEPECOIN tokens, this altcoin has secured the 208th position on the global cryptocurrency list with a market capitalization of 407,441 Millions of dollars.
On the positive side, the memecoin recorded a jump of 7.64% in the last day with a trading volume of $4.64 million. Furthermore, it has gained 27.26% in the past week. Although it has seen a decline of 35.62% in the last 30 days, it has registered a year-to-date return of 386.20%.
Radius (RADIUS):
Amidst increased price volatility in the cryptocurrency space, BEAM cryptocurrency has seen a jump of around 10% in the past day with a 100% increase in its trading volume. Furthermore, the altcoin has added 6.60% in the past week, indicating a growing bullish sentiment in the cryptocurrency space.
TradingView: BEAM/USDT
The Relative Strength Index (RSI) has successfully retested its oversold range, resulting in a strong increase in the altcoin’s price chart. Additionally, the average has been experiencing a bullish curve, suggesting a positive outlook for BEAM price this week.
If the Beam coin price continues to trade under bullish sentiment, it will prepare to test its upper resistance level of $0.028330. However, in case of a bearish reversal, the altcoin will drop towards its crucial support level of $0.013911.
SafePal (SFP):
SafePal is a cryptocurrency wallet launched in 2018 with the primary goal of helping its users protect and grow their digital assets. Powered by the BNB Smart Chain (BEP20), SafePal provides software and hardware wallets, all paid for and managed via the SafePal app.
Its native token “SFP” has shown bullish price action since the beginning of the year, indicating a bullish sentiment for the altcoin in the market. Specifically, it has added 17.02% in the last seven days and has a Year-to-Date (YTD) return of 10.84%.
UNCX Network (UNCX):
Despite recording a decline of around 1% in trading volume, UNCX price added 4.12% to its portfolio in the past day and 5.33% in the past seven days. Furthermore, the altcoin is up 6.92% in the last 30 days and 43.57% this year.
TradingView: UNCX/USDT
The 50-day EMA is acting as a support to the UNCX price chart in the 1D time frame, suggesting a strong bullish sentiment for the altcoin in the cryptocurrency market.
On the other hand, the MACD technical indicator shows a steady decline in the red histogram. In addition, the averages show a potential bullish convergence in the price chart, suggesting a positive outlook for the altcoin this week.
Suppose the bulls continue to dominate the cryptocurrency market, the UNCX network price will prepare to test its upper resistance level of $396.5 this month. On the contrary, if the bears get the better of the bulls, the UNCX cryptocurrency would plummet towards the low of $311.