Uncover key insights on Altcoins to watch this summer, including SOL, TON, MATIC, TRX, and NEAR, showing promising growth potential and technological innovations.
The first week of July has been a difficult one for the market. But amid the growing sell-offs, crypto whales loaded their wallets with some altcoins that some may term undervalued.
Whales are large investors, and their influence on price cannot be underestimated. Therefore, market participants may need to keep an eye on Dogecoin (DOGE), Optimism (OP), and Pepe (PEPE), as they are among the altcoins crypto whales bought this week.
As Bitcoin (BTC) returns in the realm above $62,000, the flagship decentralized finance (DeFi) asset still seems to struggle with retaking the $63,000 level, but certain machine learning and artificial intelligence (AI) algorithms expect it will manage to succeed by the end of July.
Indeed, the price action of Bitcoin has recently suffered a bearish streak that continued for the majority of the month, only managing to recuperate for a short time in the past several days before dropping again below the $63,000 level in the last 24 hours.
Bitcoin price prediction
Regarding its performance in the upcoming weeks, the advanced AI algorithms at work over at the cryptocurrency monitoring and forecasting platform PricePredictions have projected it would turn positive and hit $63,261.23 on July 31, 2024, according to the data on July 2.
4 Stellar Altcoins to Buy Before They Hit a $10 Billion Market Cap
Entering Q3 2024 on a bullish trajectory, Bitcoin drops below $58,000, though with signs of recovery to $70,000. Altcoins such as LINK, DOT, LTC, and MATIC emerge as the best buying opportunities, poised to uplift their market cap to $10 Billion.
July has historically been bullish for the crypto market. The recovery among cryptocurrencies to buy Chainlink (LINK) and Floki on Monday and Tuesday underscores the optimistic outlook.
Elon Musk Announces JARVIS-Inspired xAI Grok 2 AI Chatbot Release Date
Elon Musk reveals that release dates for xAI's Grok 2 AI chatbot and its successor Grok 3 with advanced artificial intelligence capabilities after training on Nvidia GPUs.
The best Ethereum layer 2 projects offer high scalability, low transaction fees, high throughput capacity, strong security, and compatibility with the Ethereum mainnet. Here are the best layer 2 crypto projects in 2024: Pepe Unchained – First Layer 2 Pepe Token on its Own Chain
Arbitrum — Best for low-cost transactions
Polygon — Most versatile Ethereum scaling solution
Optimism — Best for EVM equivalence
Blast — Most innovative Ethereum L2 project
Loopring — Best for building decentralized exchanges