The crypto market remains in a state of euphoria as the global market capitalization surged to approximately $1.2 trillion. Bitcoin continues to trade above $30k after a strong weekly close of $30,475.
After BlackRock applied for a spot Bitcoin ETF, several other TradFi giants jumped to offer crypto trading options, driving the current bull run. Furthermore, the Federal Reserve’s pause of interest rate hikes has also increased the inflows into major altcoins.
With this in mind, let’s take a look at some of the best altcoins to invest in right now – tokens that can show explosive price growth in July if BTC consolidates.
Chainlink Explodes After Large-Scale Innovation, Bulls Set For Continuation
Chainlink has been one of the top-performing tokens in the current bull market as it has surged 14% over the past week – $LINK finally broke back above the $6 mark.
Chainlink’s success is a testament to the fact that fact-paced innovation is extremely rewarding for a token’s long-term prospects. Experts believe that Chainlink’s oracle technology is crucial in building high-quality decentralized applications that can drive the mainstream adoption of Web3.
The company has undertaken several other key endeavours that can result in a monumental advancement for the entire crypto industry. Market intelligence firm Messari reveals that Chainlink’s Proof of Reserve mechanism brings much-needed transparency and security to centralized exchanges and liquid staking platforms – it can prevent catastrophic failures as in the case of FTX.
Michael van de Poppe, the co-founder of MN Trading, is extremely bullish on the $LINK. He believes that the token at $6 is an opportunity of a lifetime and predicts that the token can surge to $18.
Bitcoin Cash Dominates Bull Rally As Wall Street Backs Token Amidst SEC FUD
Bitcoin Cash has set the crypto market with its remarkable price growth – BCH’s 70% weekly surge has outperformed any other top 100 largest tokens. The token broke above the $190 mark before correcting slightly to trade at $183.
Much like Bitcoin, the incredible success of Bitcoin Cash can be attributed to its large-scale institutional adoption despite the SEC’s hawkish stance against crypto.
In a speech back in 2018, SEC chairman Gary Gensler stated that Bitcoin Cash, along with BTC, ETH and Litecoin is not a security. Wall Street companies are banking heavily on this sentiment – the newly launched EDX crypto exchange, backed by TradFi giants Citadel, Fidelity and Charles Schwabb, is offering BCH trading.
Furthermore, investors are also getting drawn to the token due to the upcoming Bitcoin Cash halving event. Similar to Bitcoin, BCH halving reduces miner rewards by half, restricting the token supply and leading to a strong price surge.
With a double digit pump this week, BCH’s market capitalization is back close to the $4 billion mark. With more institutions continuing to enter the crypto trading arena and the upcoming halving, bulls would hope the Bitcoin Cash price hits the $200 level.
Pepe Re-Sparks Meme Coin Mania After 60% Surge, How Long Will The Rally Last?
Pepe has returned to its explosive ways as the meme coin exploded over 60% over the past week. The token has re-hit the $620 million market capitalization, steadily inching towards the $1 billion mark.
Pepe reached global fame in April this year after its 8000x growth turned several small-scale traders into millionaires. A pseudonymous trader turned his $273 investment into $13 million after generating millions of percentages in profits.
Pepe’s recent surge has re-sparked the interest of whales in the token. On-chain data firm Santiment reveals that the token’s price growth can be mostly attributed to enormous whale activity.
TradingView, a technical analysis platform, gives a “Buy” signal to the token which improves to “Strong Buy” when considering the important moving average indicators. The Momentum (10) and the Moving Average Convergence/Divergence (12, 26) oscillator indicators also point to an upcoming buying spree.
Wall Street Memes Token Hits $10 Million, Is This The Next Pepe?
The Wall Street Memes token continues its stellar presale performance – it raised $10 million within a month of its launch.
The Wall Street Memes movement was born out of the same spirit that challenged the might of big money institutions in the historic GameStop short squeeze. Since then, the group has built a global brand value by disrupting the traditional financial landscape in every field.
The $WSM token is not the group’s first rodeo in the crypto space as well. It sold out its popular Wall St Bulls NFT collection in 32 minutes, netting a cool $2.5 million. Backed by popular demand, it recently launched its own Bitcoin Ordinal NFTs which is creating a lot of buzz.
The Wall Street Memes group has become the trendiest finance community on the internet – it draws over 40 million social media impressions every month. Even Elon Musk is a fan of its Twitter account.
Despite the enormous popularity, the project is not resting on its laurels and has adopted community-driven tokenomics to empower everyday investors. The entire $WSM supply is available to the community – there are no cuts for private sales or the team.
50% of the total 2 billion tokens are available in the presale itself – investors have ample opportunity to take advantage of the current $0.0301 price before it surges to its final price. 30% of the tokens are also reserved for rewarding the community.
Investors can become a part of the Wall Street Memes revolution by purchasing the token through bank cards or by swapping ETH or USDT tokens.
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DeeLance Sees Investors Frenzy, Token Pumps $1.5 Million In Presale
The decentralised trading platform DeeLance is another exciting token that has caught the eyes of investors. The project is challenging the monopoly of traditional Web2 solutions such as Fiverr, Freelancer and Upwork in the $7 billion freelancing industry.
The $DLANCE token has raised close to $1.5 million in a short span of a few weeks and is well on its way to hitting the targeted $2.3 million. Investors have limited opportunity to take advantage of the current $0.043 token price as it is soon set to surge 32% to the $0.057 listing price.
DeeLance uses blockchain technology and tokenomics to offer significant advantages over traditional solutions. It charges a minimal 2% client fee and a 10% freelancer fee which is a significant improvement over the industry standard 3% client fee and an exorbitant 20% freelancer fee.
DeeLance users also do not need to worry about any minimum payout amount or withdrawal fee – they can draw out their payments instantaneously at their whim. The platform has also employed a scalable dispute resolution system and efficient escrow mechanism to offer a hassle-free user experience.
Apart from powering the platform, the $DLANCE token also offers exciting utilities to its holders. They can access a premium NFT marketplace, purchase and sell offices and lands in the metaverse, purchase other metaverse services, etc.
Investors can acquire the $DLANCE token by swapping ETH, BNB or USDT tokens. Alternatively, they can also purchase the token through bank cards.