The global market capitalization of cryptocurrencies has decreased during the past few days, going from $2.58 trillion to $2.24 trillion. Even though the price of Bitcoin is declining, altcoins are collapsing one by one. The market capitalization of altcoins has decreased to 226.995 billion; the same is true for total value locked. Nonetheless, several specialists have predicted a trend reversal in July, when the surge in cryptocurrencies will result in 100% or more gains. Additionally, as the prices are declining, now is the ideal time to purchase the promising cryptocurrencies before the July surge.
That being said, let’s talk about five promising cryptocurrencies to purchase before July and why.
Intrinsic (INJ)
Injection is one of the few cryptocurrencies that is positive right now amid the market slump scenario. With a market valuation of $2.1 billion, the injectable price is currently trading at $23.40, up 3% from the previous day. It is a promising token to purchase with a 5% recovery over the week. Injective’s bullish performance in March, which saw it reach an all-time high of $52.75, allowed its investors to profit handsomely. If the market bounces back this July, INJ can offer more rewards as the price rises again.
Arweave (AR)
Despite a 31% decline in value over the past 30 days, Arweave has increased by 180% from the start of the year, ranking among the most lucrative cryptocurrencies. Investors are taking notice of this altcoin, and analysts predict that it may surge as high as $100 during this year’s bull run. With a market capitalization of $1.7 billion now, its value is $26.91, one-third of the $90.9 peak it reached three years ago, suggesting strong growth potential.
Fantom (FTM)
With the release of FantomSonic this year, which promises faster and better transactions, Fantom is now at the top of the list of must-buy cryptocurrencies. More significantly, “S” will replace the FTM token. To honour its supporters, an additional supply of “S” will be airdropped to holders upon launch. The FTM price is on hold for the rally because past experiences with similar updates and token launches have shown additional increases. Its current price is $0.5666, and its market capitalization is $1.5 billion.
Ethereum (ETH)
Despite the approval of the ETH ETF, Ethereum is underperforming investors’ expectations this month. However, July will be a different story for this altcoin. Not only has it survived the cryptos, but it has taken centre stage in the business. Furthermore, data shows that the Ethereum ETF will get $15 billion in inflows, altering the market’s dynamics. It will also impact Ethereum’s price, which experts predict may increase to $6K. With the price of ETH dropping to $3,367.80, it is currently in the buying zone.
There are many more profitable cryptocurrencies than these covered ones. Based on their market demand, the INJ, AR, FTM, and ETH will nevertheless present the most promising profits.
