Top 5 Altcoins to Keep an Eye on in July 2023
As the cryptocurrency market continues to evolve, it’s important for investors and enthusiasts to stay informed about the latest developments in the altcoin space. In July 2023, there are five altcoins that show promise and have significant events lined up. These altcoins are Ethereum (ETH), Radix (XRD), Internet Computer (ICP), Syscoin (SYS), and Osmosis (OSMO). Let’s take a closer look at each of these altcoins and what makes them worth watching.
Ethereum (ETH) Conference in Barcelona
Ethereum, the second-largest cryptocurrency by market capitalization, is set to host a conference in Barcelona from July 5 to 7. This conference will bring together experts and enthusiasts to explore how blockchain technology can create a sustainable future. The Ethereum price has been on an upward trend and recently broke out of a descending resistance line, indicating a potential for further growth. If the price continues to rise, it could reach the $2,000 resistance area and potentially even $2,500.
Radix (XRD) Upgrade Goes Live
Radix is a project focused on building a decentralized finance (DeFi) platform. In July, Radix is set to launch its Babylon upgrade, which is expected to enhance user and developer experience. The XRD price has already experienced a significant increase since mid-June and broke out of a descending resistance line. While it faced rejection at the 0.382 Fib retracement resistance level, there is still potential for further growth if the price bounces back.
ICP Holds Global Meeting
Internet Computer (ICP), a blockchain project aiming to revolutionize the internet, will be hosting a global R&D meeting in June. This meeting will cover various feature updates and testing, showcasing the project’s progress. Despite a recent dip, the ICP price bounced back and validated the $3.50 support area. If the price continues to rise, it could reach a long-term resistance line at $5.20.
Syscoin (SYS) Releases Public Mainnet
Syscoin, a project focused on scalability and data availability, is set to release its public mainnet named Rollux. This upgrade incorporates an EVM rollup and is expected to improve the project’s performance significantly. The SYS price has been on the rise since June and is currently testing a descending resistance line. If the price breaks out, it could reach the $0.19 resistance area, signaling further growth.
Osmosis (OSMO) Forum Held in July
Osmosis is a blockchain project that focuses on interchain exploration. In July, Osmosis will hold a forum called Osmocon, which aims to foster collaboration and innovation in the space. The OSMO price recently hit an all-time low but showed signs of a potential reversal. If the price continues to rise, it could reach a long-term descending resistance line at $0.60.
It’s important to note that cryptocurrency investments carry inherent risks, and thorough research and professional advice should always be sought before making any financial decisions. However, keeping an eye on these five altcoins and their developments in July 2023 could provide valuable insights for investors and enthusiasts.
Editor Notes: Exploring the Latest in the Cryptocurrency Space
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