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Cryptocurrencies have seen impressive gains driven by increased institutional adoption and investor optimism over the past month, with Bitcoin leading the way.
However, some cryptocurrencies continue to trade well below their all-time highs, presenting a tempting opportunity for investors to find entry into the next altseason.
So let's find out the list without further delay:
Cardano (ADA)
After coming under SEC scrutiny last month, the ADA token has come under significant pressure. However, the blockchain network has been experiencing notable growth in the decentralized finance (DeFi) space in recent weeks, with Cardano hitting an all-time high on July 8th for the total number of tokens locked in its associated decentralized applications (DApps).
At the time of writing, the cryptocurrency was trading at $0.28, down less than 1% on the day. Although the cryptocurrency has lost more than 4% in a week, its monthly gains are more than 17%. But this provides profitable shopping spots.
Polygon (MATIC)
Polygon (MATIC) is a blockchain network known for its ability to provide fast and cost-effective transactions. Of particular note is that Polygon is planning a major network update this week aimed at improving its performance and stability.
Considering that the update brings a number of improvements, this could have a positive impact on the MATIC's price in the near future. A month ago, Polygon Labs also unveiled Polygon 2.0, a significant update that aims to establish the network as a "meaningful layer of the Internet."
According to the announcement, 2.0 "can support a virtually unlimited number of chains, and cross-chain interactions can occur securely and instantly, without additional security or trust requirements." This could also be a significant catalyst for MATIC price growth.
At the time of writing, MATIC was down 0.6% to $0.68. Over the past week, this altcoin has lost about 1.5%, but on the monthly chart it has grown by more than 15%.
Chainlink (LINK)
In June, Chainlink (LINK) and interbank messaging system SWIFT announced plans to work with a variety of financial institutions to determine how they can connect to various blockchain networks.
Earlier this month, cryptocurrency market expert Michael van de Poppe said LINK had successfully reclaimed its key support level at $6 after falling to 2023 lows around $5.
At the time of publication of this article, LINK was trading at $6.08, down about 2% over the past 24 hours. The cryptocurrency is down more than 8%, but still sees monthly gains of nearly 20%.
Stellar (XLM)
XLM, the national crypto asset of the Stellar blockchain, was one of the top 10 cryptocurrencies by monthly returns in 2023, up more than 37% year-to-date.
The potential for its price to rise this year was driven in part by Stellar's major collaboration deals with Coinbase and MoneyGram. The exchange fully supports USDC stablecoin deposits and withdrawals via the Stellar blockchain, and MoneyGram allows its users to directly deposit or withdraw cash from their crypto wallets via USDC on the Stellar network.
At the time of writing, the price of XLM is $0.10 after being down about 1.5% on the day. The crypto asset lost about 9.2% for the week, but its monthly growth remains strong at over 19%.
Conclusion It is important to remember that investors should not be dismissive of low-priced cryptocurrencies, as the trading price does not reduce the potential of these assets.
But you can always receive updates and short-term transactions with good profits - according to the profile description
Investments are high risk. When investing, you risk your capital.
The article does not entail luring to third-party sources