As we enter a new month, we can definitely expect new trends to shape the world of crypto. The month of June was a rollercoaster for Bitcoin and the entire cryptocurrency market. The best cryptocurrencies will grow stronger in the coming months starting from July.
So which is the best cryptocurrency to invest in in the month of July? Of course, Bitcoin and Etheruem are popular choices, let’s look at the best cryptocurrencies for July 2021.
No list is complete without Bitcoin. The largest cryptocurrency in the market is the most preferred option for investors. There is no denying that this best crypto will dominate the crypto market no matter the prices rise or fall.
Current Price: US$34,278.82
It is time to shift your focus to other best cryptos to buy this month. The Ethereum network is the second biggest blockchain after Bitcoin. Its native token, Ether, also took a beating in June. It declined almost in line with the market capitalization by 12.65%. The token also traded as low as $1,750 during the month but quickly recovered.
According to The Economy Forecast Agency, the price of Ethereum will reach US$2769 in July. Experts also suggest that Etheruem holds the potential to beat Bitcoin this month and become the top cryptocurrency to invest in in July.
Current Price: US$2,198.98
Cardano is the best crypto to buy today as a lot of new improvements and developments will take place on the blockchain. With this, it holds immense potential to deliver long-term benefits with regard to investment purposes. IOHK, supporting Cardano, announced a new initiative called Alonzo hard fork. It will empower smart contract functionality on the Cardano blockchain.
Current Price: US$1.34
Polkadot is again innovation in blockchain technology that will transform the decentralization of the internet. There are three reasons why it is growing – security, speed, and governance. Unlike other cryptocurrencies, Polkadot’s blockchain can be easily scaled globally.
Current Price: US$15.69
Did you know it grew by 9,000% in 2021? This figure itself should be one sole reason for you to invest in polygon right away. Polygon declined by approximately 40% in June. It started the month at $1.83 only to close at $1.09 approximately. The price has struggled in June but there is a reason that the cryptocurrency might make a comeback.
Current Price: US$1.12