Bitcoin
June was quite bleak for Bitcoin as the value of Bitcoin dropped significantly, from $71,500 to below $60,000. Rumors of Mt Gox compensating BTC investors on June 26 also led to significant volatility in the cryptocurrency’s price.
However, in July, BTC price is expected to see a significant recovery. Historically, July has been a bullish month for BTC, while June has always heralded new lows for BTC.
It is predicted that Bitcoin could rise by 33% in July this year.
“Bitcoin price is expected to rise by 33% by July 31, 2024. The current sentiment is neutral according to our technical indicators, while the Fear & Greed Index shows 53 (Neutral). Bitcoin has recorded 16/30 (53%) green days and the price change in the past 30 days is 4.87%,”
Shiba Inu
The price of the familiar meme coin Shiba Inu has also fallen sharply. The token has fallen 30% over the past month and is currently trading at $0.0000172. SHIB prices hit all-time highs in July, making this a particularly profitable month for SHIB in terms of valuation and pricing.
In addition, the popular cryptocurrency exchange Coinbase will also launch SHIB futures contracts in July, which may help SHIB hit new highs. At the same time, the blockchain version of Shiba Eternity will also help SHIB expand its growth momentum and start a major recovery for the token.
It is predicted that on July 8, Shiba Inu prices could rise by 68%, setting a new high.
“The Shiba Inu price prediction for the next 30 days is a forecast based on positive/negative trends. SHIB will attribute $0.00002877 on July 8, 2024, increasing by 64.99% in the process.”
Cardano
ADA has long been hovering at a lower price between $0.30 and $0.48. However, in a recent development, Cardano is also preparing to implement the long-awaited Chang hard fork. The integrated fork will provide ADA users with governance options to access and use. This major reboot could play a key role in triggering a spike in ADA prices, in turn helping the coin reach new price levels.
It is predicted that ADA might reach its peak in July and trade at $0.45.
“Cardano price prediction for next week is from a low of $0.378931 to a high of $0.433745. Cardano price could increase by 14.47% to $0.433745 by July 15, 2024.
However, once the fork implementation begins, the ADA price may change and may trade at a higher price than what the technical portal predicts.
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