June Month was really hard for many cryptocurrencies as the Bitcoin (BTC) Price dropped to lows we haven’t seen since January. Major altcoins Prices are beginning to show signs of recovery, but we are still in the woods. The last month has been quite explosive for the cryptocurrency market. From tokens plunging on the June 21 historic crash to eventually finding foot by the better part of July 2021. Here we will discuss Top 5 Altcoins for July 2021. The roller coaster ride has been pretty interesting.
If there’s one thing investors need to learn from this saga is to diversify portfolios asap. Hence, here’s some help to aid your decision of which tokens to bet on this month. Are you Planning about branching out beyond Bitcoin? Have a look at these Altcoins.
Best Altcoins to Invest in July 2021!
Binance Coin (BNB)
For the month of June, Binance has exciting developments up its shoulder. NFTs dominated the market and performed exceptionally well in the first quarter of 2021. BNB, on the other hand, is hoping to contribute to the NFT market by performing a purpose other than that of a coin. In the middle of the current NFT mania, it recently announced that it will launch its own marketplace.
If the crypto exchange can successfully implement the NFTs concept, it may potentially provide a new revenue stream for the organisation. And with Altcoins getting traction in the market, even if it’s gradual and steady, BNB Price may be able to break out of its all-time highs.
MATIC, Polygon’s cryptocurrency token, continues to beat the market. It has real-world applications and is extensively used by developers working on DeFi (decentralised finance), Dapps (decentralised apps), and NFTs (non-fungible tokens). Polygon’s strength is that it attaches to the Ethereum network, improving Ethereum’s blockchain capabilities. Last month, Polygon raised an undisclosed amount of funding from tech billionaire Mark Cuban.
The platform is now set to enhance its scalability solutions and will shortly publish zk roll ups and optimistic roll ups. It has already increased by 15000 percent to $2.69, an all-time high. Current price is $1.1 and it will most likely serve its purpose in the long run while seeking new highs.
If you have ever considered owning a cryptocurrency that’s connected to supply chains and logistics,Vet can be your next cheap crypto investment. The Platform announced a newly developed digital wallet app, Sync 2. It is intended to resolve the issues and speed up the mass reception of dApps based on the VeChainThor public blockchain. Currently it’s trading at $0.077.
The price of VeChain needs to break the crucial level towards the new ATH to begin a gigantic bullish force. By and large, the following bull run kicks in the price of VeChain could efficiently surge to $1 throughout the following decade according to the VeChain value forecast.
SafePal is a cryptocurrency wallet that aims to provide a secure and user-friendly crypto asset management platform. SafePal provides hardware wallet and software wallet products managed by the SafePal App, where users can easily store, manage and trade their crypto assets.
In January 2021, SafePal launched SFP, a utility token. It’s a BSC token that can be used to pay fees and get discounts using SFP. SFP tokens can also be used to receive bonuses and airdrops in addition to serving as governance tokens.
SafePal is among the best crypto wallets for both beginner and expert financial backers and brokers, including crypto enthusiasts. It is sensibly valued and an amazing choice for investors and traders searching for a moderate and safe investment alternative. In future, SafePal will manage to attract more users and it will positively impact SFP Token growth. Staking SFP Token programs will let users earn rewards on the platform. SafePal is trading at $0.75.
Xend Finance is a De-Fi platform for cooperatives and credit unions that provides multi-levels of interest by optimizing and aggregating different De-Fi lending protocols with the aim of providing high stable currency yields and token rewards to the financially underserved living in unstable economies. The price of Xend finance is $0.16 after market crash on June 21.
The project is aimed at a critical market, and there will be several public sale rounds in the following days. In Q2 of 2021, the Xend/Matic integration will be completed, adding to the thrill. Investors are looking forward to this merger in the hopes of learning more about the ongoing “XEND/MATIC Integration,” which is set to be completed in June 2021.
As per the Roadmap, the platform has the following updates lined up in Q2 of 2021:
- Partnership with credit unions.
- Listing on more exchanges.
- Matic(Polygon) Integration.
- Web and Mobile SDK for developers for easy integration into existing crypto and fiat wallets – Phase 2
- DeFi dollar integration on Ethereum Blockchain
- Launch of Liquidity mining calculator Ongoing
- Fiat to Crypto on-ramp and off-ramp integration for Asia and Africa
The long-term outlook for cryptocurrency market trends is positive, with institutional investors increasingly getting involved. Cryptocurrencies are volatile investments, as the past few months have shown. If the crypto is not impacted by any negative announcement you can expect at least upto 4x profit this July..