Top 5 Cryptos to Watch in July

Historically, the month of July is synonymous with significant gains, and this year could well confirm this trend. For savvy investors, now is the perfect time to reassess their portfolios and seize opportunities offered by the market. Five cryptos particularly stand out for their growth potential and the recent developments surrounding them. Whether you're a seasoned investor or new to the crypto world, these five assets deserve your full attention. Find out why Bitcoin, Solana, Ethereum, BNB and XRP are the cryptocurrencies to watch closely in July.

1. Bitcoin (BTC)

July is shaping up to be a strategic month for Bitcoin, the most emblematic crypto on the market. Historically, this month has often marked significant gains for Bitcoin. Since 2013, July has been favorable, with an average increase of 7.98% and a median gain of 9.6%. These historic performances are not coincidences but reflect a robust trend that could well be repeated this year.

Despite a recent decline, where Bitcoin fell below $60,000, several technical indicators suggest an imminent recovery. The Pi Cycle Top indicator, for example, shows that Bitcoin's price has fallen below its market low for the first time in 2024, signaling a possible trend reversal. Additionally, analysis of past market cycles and price patterns indicates a high probability of significant gains for Bitcoin in July.

Institutional investors, despite recent massive outflows, could regain confidence thanks to positive signals in the market. CoinGlass analysts estimate that if the historical trend continues, Bitcoin could see a 10% to 25% increase by the end of July.

2. Solana (SOL)

Solana is emerging as one of the most promising cryptos to watch in July. Known for its speed and scalability, Solana has recently caught the attention of institutional investors. The announcement by asset management giant VanEck that it would file an application with the SEC to launch a Solana-based ETF had an immediate and significant impact on the market. Following this news, SOL’s value jumped 8.1% and it could continue to do so.

This initiative by VanEck is not an isolated one. In Canada, asset manager 3iQ has also filed an application to list a Solana ETF on the Toronto Stock Exchange. This product, if approved, will offer investors direct exposure to Solana as well as attractive staking yields estimated at 6-8%. This dual recognition in North America underscores Solana’s growing credibility as a valuable crypto.

VanEck’s proposed ETF would mark a first for the crypto sector in the United States, and this move could pave the way for even broader institutional adoption of Solana. Having respected asset management firms choose Solana for their new investment products adds to the legitimacy and appeal of the blockchain. This positive momentum is likely to attract more institutional investors, increasing Solana’s adoption and usage in financial markets.

3. Ethereum (ETH)

Ethereum is positioning itself as another must-watch crypto in July. With the second-largest market cap, Ethereum has always been at the heart of crypto innovation, and recent news further reinforces its potential.

VanEck, following the success of its previous ETFs, filed Form 8-A for its Ethereum spot ETF, a key milestone that brings the launch of this highly anticipated product closer. The announcement of this filing coincided with a dramatic increase in activity on the Ethereum network, marking a 56% increase in the number of active addresses in just one week. This burst of activity is often a precursor to a major event, and in this case, it suggests fervent investor anticipation for the approval of Ethereum ETFs.

The growing interest in Ethereum ETFs is also fueled by major players like BlackRock, which has filed similar applications. This institutional dynamic indicates increased confidence in Ethereum, not only as a technology platform, but also as a viable investment asset. Experts predict that the approval of these ETFs could transform the crypto investment landscape, attracting a new wave of institutional capital.

Currently, the price of ETH remains in a stable range, but analysts are optimistic about a rise soon. Some estimate that ETH could reach $4,000 with the imminent approval of ETFs. This anticipation, coupled with increased network activity, positions Ethereum as an exceptional investment opportunity for the month of July.

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4. Binance Coin (BNB)

Binance Coin (BNB) continues to stand out as a solid investment option in the crypto ecosystem. Launched in 2017, this crypto offers significant advantages to its holders on the Binance platform. By holding BNB, users benefit from reduced transaction fees, access exclusive Launchpad and Launchpool programs, and enjoy cashback on purchases made with the Binance Visa card. These incentives build demand for BNB and increase its utility within the Binance ecosystem.

One recent initiative that is gaining interest from investors is Binance’s HODLer Airdrops program. This program rewards users for holding their BNB in ​​Binance’s Simple Earn lending products. The tokens distributed come from projects with a large circulating supply and will soon be listed on Binance, providing additional incentives to hold BNB. This initiative aims to encourage BNB retention and reward users proactively.

In conclusion, Binance Coin is well positioned to offer attractive investment opportunities in July. With its multiple uses on the Binance platform, its essential function in the BNB Chain, and innovative programs like HODLer Airdrops, BNB remains a strategic choice for investors seeking to diversify their portfolio with an asset with high growth potential.

5. XRP (Ripple)

XRP, the native crypto of the Ripple platform, stands out for its ability to offer fast and low-cost transactions, making it an attractive option for various applications, including remittances and cross-border payments. Launched in 2012, XRP continues to evolve and adapt to market needs, cementing its position as one of the leading cryptocurrencies.

One of the main reasons to consider investing in XRP this month is Ripple’s recent announcement that it will launch a USD-backed stablecoin on the XRP Ledger. The new stablecoin, which is fully backed by USD deposits, short-term US Treasuries, and other cash equivalents, aims to increase transparency and user trust. Ripple plans to publish monthly attestations by a third-party accounting firm to ensure that the stablecoin is fully backed, which should reassure investors and users of its stability. David Schwartz, Ripple’s CTO and one of the original architects of the XRP Ledger, has noted that the stablecoin could be a “gamechanger” for users and developers.

Ripple has also implemented products such as On-Demand Liquidity (ODL), which uses XRP to facilitate cross-border money transfers efficiently and cost-effectively. The growing adoption of these solutions by financial institutions and businesses around the world is increasing the demand for XRP and contributing to its valuation.

These five cryptocurrencies offer diverse, yet complementary, perspectives that should allow investors to diversify their portfolios while maximizing their chances of making significant gains. By keeping a close eye on these assets and staying informed of market developments, you can approach July with confidence and anticipation.

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