In this article, we take a look at five altcoins that are well-positioned to go on a bull run in July. They are hand-picked based on their upcoming project milestones, the upside potential of the underlying niches, and the social volume that has yet to translate to price rallies.
What you'll learn 👉
Navigating the Erratic Market
June was a bittersweet month for the crypto market. The SEC lawsuits against Binance and Coinbase triggered widespread market turbulence, tossing most assets into a sea of red. Despite industry leaders expressing solidarity with the accused, the market couldn’t be saved from a plunge.
That is, until BlackRock stole headlines with its ETF filing, inspiring more to follow suit. Soon, the market turned green and BTC surpassed $31K, reviving widespread hope. Many assets went on to outperform BTC, including Bitcoin Cash, which stayed in the limelight in the third half of June for its wild bull run. The coin recorded a 100%+ jump on the monthly chart. Compound Finance is another winner, gaining 50% in just three days. Litecoin has also been doing well, with its price edging toward $100.
The past month went on to prove that navigating the erratic market has more to do with research and timely decision-making than external factors.
As we step into July and the third quarter of 2023, which are the altcoins to keep an eye on? Here are the top bets.
1. Wall Street Memes (WSM)
Time and again, meme coins have come to the rescue of the crypto market and this year has been no different. Pepe put the market back on the radar after a long period of lackluster performance in April with a 7000% ROI. According to analysts, Wall Street Memes will kindle a similar meme coin rally in the third quarter of 2023.
The prediction is well-founded, given that the Wall Street Memes (WSM) presale is moving ahead at a rapid pace, having already secured $11M out of its $30M target. At this pace, the presale will sell out much earlier than scheduled and the coin will be listed on popular exchanges in the next few weeks.
Wall Street Memes’ popularity lies in its global community strength. WSM is the meme coin extension of the Wall Street Memes community which has 1M+ followers around the world across popular social media platforms.
The team earlier launched an NFT collection for the community, which sold out in a record 32 minutes. Being a meme coin, WSM has higher upside potential than the NFT collection. As a result, it is predicted to break the market with a 30X-50X bull run in the days that follow its initial exchange listing. Once the initial enthusiasm mellows down, there will be a stagnant period that secures the coin’s position on the top-3 meme coin chart, dethroning Pepe.
The fact that Elon Musk has interacted with the community multiple times in the past also strengthens the bullish predictions.
2. Cardano (ADA)
Cardano is one of the high-cap cryptos likely to steal the spotlight this month and for the right reason. According to rumors, the project has joined forces with Vodafone Germany to launch a series of Cardano-based non-fungible tokens.
🎉 The #CardanoSummit2023 NFT Submissions are OPEN!— Cardano Community (@Cardano) June 9, 2023
Last year’s @TURF_NFT x @nmkr_io collection was a success. 🤩
Be inspired by their example and submit a proposal👇https://t.co/SAN2gXfYEi
⛔ Submissions close on 30 June 2023#NFT #CardanoCommunity pic.twitter.com/yXd2NUH0nl
It is only one of the many partnerships and integrations the network has lined up for the coming quarter, instilling confidence in investors. The TVL of Cardano is also doing much better than competitors, despite the market slips.
Cardano TVL overview, DeFiLlama
3. Thug Life (THUG)
Thug Life is another emerging meme coin that has high upside potential in July 2023. Touted as the ‘baller’s meme coin,’ $THUG stays in tune with the wildly popular thug life memes and vocabulary which resonate with a large share of meme coin enthusiasts.
The project stands out with its fresh narrative in a market inundated with DOGE and SHIB variations. The bold concept has won the meme coin a large audience in a short space of time. To give you a better perspective, the coin has raised $142,592.54 out of its $2,058,000 presale hard cap within hours of going live.
“Meme season’s made you a lil’ b!tch, so get your game back with $THUG token. This one’s for the homies who wanna get paid,” the website notes. As a community-first project, $THUG has a total supply of 4,200,000,000, out of which 2,940,000,000 (70%) are set aside for the presale. The remaining will be equally spent on marketing and community rewards, thus sustaining the long-term value of the token.
Apart from the fresh theme, what draws investors to the ongoing $THUG presale is its ridiculously low presale hard cap of $2,058,000. That brings the market cap at listing to around $3M, thus leaving large room for growth to early investors. Even if the project manages to acquire a limited market cap of just $60M, early investors will be walking away with 20X returns.
4. Ripple (XRP)
Despite the media buzz simmering down, XRP is positioned for a decent bull run in July 2023. Although XRP has been mostly lackluster toward the last days of June, the on-chain XRP Network usage is showing signs of strength.
XRP June 2023 price overview, CoinMarketCap
Needless to say, the developments of the SEC-XRP lawsuit will also grab headlines for the asset. But it has yet to be seen which direction it will take.
Trying something new – some thoughts from me on the events (specifically the release of the Hinman documents) of this week. For me, this has all had a personal bent to it – and felt like it warranted some personal comments. pic.twitter.com/k4dYeQGhsN— Brad Garlinghouse (@bgarlinghouse) June 16, 2023
5. yPredict (YPRED)
Utility tokens are not explosive like meme coins. But they are a great addition to crypto portfolios in terms of long-term prospects. That makes yPredict – the native cryptocurrency of an advanced marketplace for curated crypto price predictive models – a good investment now.
With the crypto market growing erratic, we need more than just bots and algorithms to stay profitable. This is where yPredict comes in. The project allows users to access insights from top AI developers, quants, and analysts through monthly subscriptions in YPRED tokens. As the platform’s user base grows, so will the value of the token.
The ongoing YPRED presale is the best investment gateway to the project.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com