3 Hidden Gem Altcoins That Can Generate Profits in July
The cryptocurrency market is saturated with numerous digital assets, making it easy for promising altcoins to go unnoticed. However, there are three underrated altcoins that are worth watching closely. BeInCrypto presents these hidden gems that stand out in their respective categories.
MANTRA (OM) – the RWA Underdog
MANTRA operates as a Layer-1 Security Real World Asset (RWA) blockchain. One of its notable features is the ability to provide a permissionless network for permissioned applications. In early June, the altcoin witnessed an impressive 55% growth, almost reaching $1.04. Unfortunately, it couldn’t break through this level and experienced a significant decline that erased all the previous gains.
Despite this setback, the price of OM has managed to maintain a crucial support level at $0.64 for the past three and a half months. This support level provides an opportunity for the price to rebound, especially as the Relative Strength Index (RSI) approaches bullish territory. However, if the breakout attempt fails and Raydium’s price remains stagnant, the sideways momentum may continue, potentially invalidating the bullish thesis.
Investors looking for potential altcoin investments should keep a close eye on these hidden gems. With careful analysis and proper risk management, these altcoins could yield profitable returns in July and beyond.