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3 currencies that will recover significantly in July
July is fueling hopes for several crypto enthusiasts, ushering in the possibility of finding a new wave of price action for investors to take advantage of. The realm is now gearing up to witness the epic rally of three major crypto tokens, which could deliver stellar returns to their holders, provided these coins continue to leverage the bullish start to the market. Keeping the trend in line, here are our top three tokens that are expected to see major price rallies in July.
Read too: Cryptocurrency: 3 Coins Poised to Give 2x Returns in July
Three Coins That Could Make a Big Comeback in July
Cryptocurrency#1- Bitcoin
June was a slow month for Bitcoin as the token witnessed significant drops in its price. With the exit of the Mt Gox BTC FUND, the price of Bitcoin was witnessing major price volatility. However, in July, the token is expected to make a major price recovery. July has historically been bullish for BTC, while June has always marked the beginning of new lows for BTC.
According to Currency codeBitcoin could surge and increase by 33% in July, trading at a new peak of $83,000.
“Bitcoin price is forecast to surge 33.02% and reach $84,324 by July 31, 2024. As per 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 4.87% price volatility in the last 30 days.”
Cryptocurrency #2: Shiba Inu
The Shiba Inu token is also witnessing a sharp price decline. The token noted a 33% price drop in its valuation and is currently trading at a price level of $0.0000172. The token has historically reached new price highs in July, which makes it a particularly profitable month for SHIB in terms of its valuation and price.
Additionally, notable cryptocurrency exchange Coinbase is also launching SHIB futures in July, which could help SHIB reach 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 recovery for the token.
According to Currency codeShiba Inu could surge as much as 68% by July 8, hitting a new record price in the process.
“The Shiba Inu price forecast for the next 30 days is a projection based on the positive /nnegative trends. SHIB will trade at $0.00002877 on July 8, 2024, gaining 64.99% in the process.”
Cryptocurrency #3: Cardano
ADA has been hovering in lower price ranges of $0.30–$0.48 for a long time. However, in a recent development, Cardano is also set to undergo its much-awaited Chang Hard fork implementation. The fork integration will bring governance options for ADA users to access and enjoy. This major reset could play a pivotal role in triggering the ADA price, which in turn could help the token reach a new high.
According to Currency codeADA may peak trading at the $0.45 level in July.
Read too: US Dollar Spikes: What’s Driving the Current Dollar Rise?
“Cardano price prediction for the next week is between $0.378931 on the lower end and $0.433745 on the upper end. ANDCardano price may increase by 14.47% and reach $0.433745 by July 15, 2024.
However, once the fork implementation begins, the price of ADA may experience price fluctuation and may trade at higher price ranges than predicted by technical portals.