High Season for Crypto: Top 3 Cryptocurrencies to Watch in July

2 July 2023

in XLM

Reading Time: 5 mins read

The price of Bitcoin has gained notice in recent weeks due to a significant increase. With the exceptions like Bitcoin Cash, altcoin performance has been rather meager. However, with the onset of summer, it should be possible for Altcoin prices to increase once more. Which three cryptocurrencies are the best ones for July?. Let’s take a look at this top 3 cryptocurrencies to watch in July.

How did cryptocurrencies fare over the previous few weeks?

The significant cryptocurrency crash at the beginning of June is still having an impact on us. Only 5% of the way from over $27,000 to under $25,000, the price of Bitcoin dropped. But many altcoins collapsed and, in some cases, suffered losses of 30 to 40%. Particularly in recent days, Cardano, Solana, and Polygon have all experienced extremely significant losses.

In the past three weeks, the market has been able to recover. A significant increase of more than 20% brought the price of Bitcoin to the $30,000 level. Although they have made some progress, altcoins are frequently still trading for less than they did prior to the crash.Yet, top 3 cryptocurrencies are displaying good performance.

What are the top 3 cryptocurrencies for July?

The last few days have seen a return to calm in the cryptocurrency market. The market, however, is still bullish due to the sharp increase in the price of Bitcoin and the possibility of a Bitcoin ETF from asset manager Blackrock. What are the top 3 cryptocurrencies that could see a significant increase in the upcoming weeks?

1. Litecoin (LTC)

The last two weeks have seen significant growth for Litecoin. LTC and Bitcoin Cash price had a lot of similarities. However, Litecoin may also experience steady gains in the upcoming weeks, whereas Bitcoin Cash’s rise may be the result of institutional speculation.

August will mark the halving of Litecoin and a tightening of the supply. The price of Litecoin may increase significantly over the next few weeks, despite the fact that it is largely based on the Bitcoin course. As a result, one of the cryptocurrencies that will likely experience a sharp increase in value soon is Litecoin.

2. Solana (SOL)

Few other cryptocurrencies have experienced such steep declines in value over the past six to twelve months as Solana or the SOL token. During the FTX crash, the price of solana dropped from $36 to under $10. Solana lost more than 30% in the most recent crash.

Additionally, because the price of Solana is currently so low, many speculative investors should consider investing in the SOL token once more. Solana might consequently be among the cryptocurrencies that experience a sudden uptick in price.

3. Stellar (XLM)

Stellar (XLM), a cryptocurrency with a low market value, is frequently brought up. Because the project has continuously shown further development in recent years, despite price fluctuations.

However, there is information coming from the XLM ecosystem that transaction processing will change. The XLM price is rising quickly in tandem with the bullish sentiment brought on by the Blackrock Bitcoin ETF. The next few weeks might see more of this development.