5 Altcoins You Should Keep an Eye on in July 2024
The cryptocurrency market has been growing rapidly, leading to the introduction of numerous altcoins. It can be challenging to identify the ones worth investing in. To simplify the process, BeInCrypto has curated a list of altcoins to monitor in July 2024.
Toncoin (TON)
Toncoin, the native token of Telegram, has demonstrated impressive performance in recent months. The altcoin reached a new all-time high in June and is on the verge of establishing another one. With a trading price of $7.6, TON may surpass the existing all-time high of $8.2 and move beyond $8.5. The consistent testing and unbroken nature of the uptrend line make it a reliable support floor.
Notcoin (NOT)
Notcoin, another token associated with Telegram, is worth keeping an eye on. Following its launch, this web3 game-based token experienced a remarkable 317% rally. While the past few days have not been particularly fruitful for NOT, it managed to break past the downtrend line. Sustaining this breakthrough could enable the altcoin to regain lost profits and reach $0.020 from its current trading price of $0.015.
Solana (SOL)
Solana’s price surge has been driven by institutional interest in recent weeks. According to the CoinShares report, SOL witnessed approximately $3.3 million in inflows as of June 21, surpassing competitors like Litecoin (LTC), Chainlink (LINK), and Ripple (XRP). If SOL breaches the resistance at $156, it could rise from $144 to $169. However, a failed breach might bring it down to the established support floor of $126.
Kaspa (KAS)
Kaspa has been exhibiting bullishness and could achieve a new all-time high in July. It has sustained an uptrend since May, and its current price of $0.177 might facilitate this breakthrough. To surpass the existing all-time high of $0.193, KAS would need to breach $0.184 and establish it as a support level. However, it has previously failed to close above this resistance on three occasions within the last four months, leading to potential consolidation above $0.162.
Brett (BRETT)
Brett, a meme coin affiliated with PEPE, has experienced significant gains on Coinbase’s BASE chain. Despite undergoing corrections, its price surged by over 132% during the first week of June. The all-time high for BRETT is $0.195, and there is a possibility of breaching it considering the current hype and demand. However, meme coins tend to be volatile, and there is a chance that this breach could fail, resulting in a potential drawdown to $0.140, thereby invalidating the bullish thesis.