By Lucas Williams
Indeed, the crypto market has seen various challenges over the past two months. However, the trading space seems to witness promising trends as most protocols register upticks on the price charts. In this content, you will know the cryptocurrencies that might surge in July.
DeFi Coin (DEFC)
DeFi seems like an attractive environment for investors, and most coins that integrate the platform see remarkable uptrends within a short time.
DeFi Coins is among the project that would explode with the correct catalysts in July.
DeFi Coins aims to educate the expanding cryptocurrency investors about some of the benefits that DeFi has.
Besides that, users can utilize the DeFi Coins platform to exchange cryptocurrencies seamlessly. DEFC is the platform’s native coin that ensures the site’s pool liquidity. Also, the coin users can qualify for rewards on the transactions completed on the DEFC platform. Although the asset is new in space, it has indicated a promising future. The crypto has increased by 170% in the past few days to $.54 from $0.20. That was after the VinDax crypto exchange listing.
Binance Coin
Binance’s native coin joined our list of assets that would explode this month. Keep in mind that Binance is a leading crypto exchange as far as the trading volume is concerned. Its coin, BNB, has shown impressive performance in 2021 so far. After struggling at $34 at the end of 2020, the altcoin has surged to $650 during the April 2021 crypto market boom. With such market moves, BNB traded beneath the top coins: BTC, ETH, and USDT.
While writing this, BNB trades near $305.81 following a 6.40% increase in a week. The coin might surge in July as the entire market prepares for a break.
Polygon (MATIC)
Polygon network is next to witness breakouts this July. Firstly, keep in mind that this is an ETH-based protocol. MATIC allows investors to verify crypto transactions on the ETH platform without incurring high fees. Polygon has gain traction so far due to its crypto solutions. As a result, the altcoin surged to $2.4544 highs before the crypto correction, from $0.01781 at the start of the year. However, the coin failed to reclaim its record price because of the $2 crucial resistance level.
Currently, MATIC trades at $1.14, with chances to open an extended uptrend.
Remember, trading crypto has risks as future performances are unpredictable.