In the ever-shifting environment of cryptocurrency, some assets are exhibiting encouraging signs and blockchain developments that make it worthwhile to examine them as prospective investments in the coming weeks.
Finbold has analyzed the cryptocurrency market and come up with a list of possible “to buy” assets for the month of July, some of which are now valued at $0.10 per digital asset or lower.
Stellar (XLM)
Stellar (XLM) has quietly been soaring to new heights, escaping the spotlight of mainstream attention. Stellar’s remarkable surge has gone unnoticed amidst the tumultuous market fluctuations that dominate discussions, according to pseudonomous crypto expert, NebraskanGooner.
At the moment, Stellar is changing hands at $0.09981, up 5.26% on the day demonstrating consistent upward movement across its various charts.
Over the past 24 hours, it has experienced a substantial increase of 5.61%. Impressively, it has achieved a significant advance of 23.63% over the course of the last seven days and demonstrated a commendable growth of 10.28% in the previous month.
Across the last week, XLM is up 19.68% with a $2.6 billion market cap, XLM has a $0.09525 support level and a $0.10879 resistance level.
This notable upswing can be attributed to a series of positive announcements, such as the integration of MoneyGram, which has contributed to Stellar’s burgeoning potential and added to its appeal in the eyes of astute investors.
IOTA (MIOTA)
According to Chairman of the Board of Directors & Co-Founder Dominik Schiener, a prominent figure in the IOTA (MIOTA) community, IOTA is exceptionally well-positioned as a preferred distributed ledger technology (DLT) for tokenization.
Within the IOTA protocol, assets are seamlessly integrated as integral components, enjoying the same high level of security, scalability, and feeless nature as the IOTA token itself. This unique characteristic has sparked considerable interest and led to numerous adoption projects centered around harnessing this potential.
As of now, IOTA is trading at $0.1816, experiencing a slight decline of 4.59% during the day. However, it has demonstrated an impressive upward trend of 9.07% over the past week, culminating in a market capitalization of $504 million.
A noteworthy advancement on the IOTA platform is the introduction of Stardust, a cutting-edge feature facilitating the creation of Non-Fungible Tokens (NFTs). This technology simplifies and enhances the ability of businesses and individuals to create and trade NFTs.
Recently, IOTA established a partnership with the Maldives Central Bank, signaling their commitment to exploring blockchain use cases in collaboration with notable institutions.
Terra Classic (LUNC)
On June 24, the “Six Samurai,” an anonymous group of blockchain developers, unveiled a proposal aimed at revitalizing the dormant Terra Classic (LUNC) ecosystem and propelling it to new heights.
With a Q3 spend proposal requesting a budget of $116,000 for a three-month period, the Six Samurai expressed their determination to diligently fulfill their responsibilities if their proposal gains approval.
To rejuvenate the Terra chain and restore its vitality, the group put forth several ideas designed to inject new life into the ecosystem. These initiatives encompassed various aspects, including token burns, the introduction of a TerraClassicUSD (USTC) testnet, and the implementation of FeeShare and Alliance modules, among other suggestions.
As a result, LUNC may well be worth keeping on your radar in July as despite the epic crash in 2022, the cryptocurrency remains in the top 100 by market cap ranked at $0.00008798, down 3.34% in the past 24 hours.
The concept of token burns garnered significant support from individuals who engaged in the discussion. Specifically, the Six Samurai recommended “burning all the LUNC reminted from Binance customers’ fees accumulated thus far.” This proposal resonated positively with several commentators, emphasizing its potential to reinvigorate the Terra ecosystem.
With that said, although the aforementioned cryptocurrencies may well prove to be an intelligent bet in July, it is vital to keep in mind that the crypto trading sector is not immune to shocks.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
