Our top 7 cryptocurrencies for July

BeInCrypto shows you our top 7 cryptocurrencies in this analysis.

There are some promising developments and events on the way for these 7 cryptocurrencies in the month of July. How could cryptocurrency prices evolve?

Origin Protocol (OGN)

  • Current price: $ 0.25
  • Market value: $ 97 million
  • Market Value: Rank: # 187

Origin Protocol is a Web 3 protocol. The team wants to use the protocol to mass activate NFTs, cryptocurrencies and DeFi. Origin NFT marketplace aims to become one of the leading NFT marketplaces (measured by trading volume). In addition, the protocol offers its own stablecoin, Original Doller (OUSD), as well as an algorithmic stablecoin. OGN is the native token of the protocol.

On July 12, 2022, the Origin Dollar Governance Token (OGV) airdrop begins, allowing OGN holders to receive OGV. Between July 5 and July 12, 2022, the snapshot of the airdrop will be taken using a random mechanism.

The OGN course has followed a declining line of resistance since March 20, 2022. The course was rejected several times, most recently on June 28, 2022. It may be that the OGN price will soon break above the resistance line. The next big resistance is at $ 0.42.

OGN / USDT Chart Source: TradingView

Ethereum (ETH)

  • Current rate: $ 1,067
  • Market value: DKK 129 billion
  • Market value ranking: # 2

Ethereum is currently the second largest of all cryptocurrencies (measured by market value). Users can develop so-called dApps (“decentralized applications”) on blockchain. In addition, the platform is smartly contract enabled and can handle NFT transactions. ETH is the token for blockchain.

The Ethereum Community Conference (ETHCC) takes place between July 19, 2022 and July 21, 2022. This is the largest Ethereum event in Europe, focusing on the technology and community behind Ethereum.

The Ethereum price recently jumped from the 0.618 Fib retracement support level of $ 1033 and recently reached the first next bottom after June 18, 2022.

Ethereum price chart
ETH / USDT Chart Source: TradingView

Tezos (XTZ)

  • Current price: $ 1.36
  • Market value: $ 1.22 billion
  • Market value ranking: # 38.

Tezos is a Proof-of-Stake (PoS) blockchain network that, like Ethereum, offers several smart contract features. In addition, blockchain facilitates the development of dApps. XTZ is the original cryptocurrency in blockchain.

Between July 21, 2022 and July 23, 2022 in Paris TezDev Conference instead of. There will be workshops and networking opportunities for developers and companies.

The XTZ price has been declining within a declining wedge pattern since February 24th. This is a bullish pattern. This means that the price of an asset breaks the pattern most of the time. If the Tezos price breaks out of the pattern and continues higher, it will meet resistance at $ 2.20.

Tezos price XTZ
XTZ / USDT Chart Source: TradingView

Hedera Hashgraph (HBAR)

  • Current rate: $ 0.062
  • Market Cap Rank: 1.31 billion
  • Market value ranking: # 36

The Hedera network acts as a public ledger and user HashGraph consensus mechanism instead of a classic blockchain consensus mechanism used by most other cryptocurrencies. The Hedera network currently enables more than 10,000 transactions per second. The transaction fees are only $ 0.0001.

HBRA is the native toke of Hedera Network. There is a use case for securing the network and for decentralized applications (dApps). The Hedera team announced this on July 28, 2022 the quarterly test network release will take place.

The HBAR award reached the penultimate (green arrow) and most recent higher bottom on June 18, 2022. However, the HBRA price has not yet managed to scale above the falling resistance line.

Hedera Hashgraph HBAR course
HBAR / USDT Chart Source: TradingView

Avalanches (AVAX)

  • Current price: $ 16.20
  • Market value: $ 4.56 billion
  • Market value ranking: # 17

Avalanche is a Layer 1 blockchain that acts as a decentralized platform for dApps. Avalanche is considered one of Ethereum’s biggest competitors and can currently process up to 6,500 transactions per second. For comparison: Ethereum currently has only 15 transactions per second. AVAX is Avalanche’s native token.

July 15 and 16 in Brooklyn Avalanche House Conference instead of. Several speakers, such as Lydia Chiu, Vice President of Ava Labs, will talk about blockchain.

The AVAX price has been falling within a parallel falling channel since June 27, 2022. Corrective movements usually take place within such channels. Then, on June 30, 2022, the price from the channel support line and the horizontal support area dropped to $ 16. If the AVAX price breaks above the top line of the channel, the AVAX price will meet resistance at $ 18.20.

Avalanche AVAX price chart trade view
AVAX / USDT Chart Source: TradingView

Ergo (ERG)

  • Current price: $ 1.95
  • Market value: $ 62 million
  • Market value ranking: # 312

Ergo is a protocol that aims to provide a secure and efficient way to implement financial contracts. ERG is the native token of the protocol. For block # 784.00, ERG emissions are reduced from 51 to 48 ERGs per block. This block is expected to be reached on July 2, 2022.

The ERG price hit the two lowest points on 13 June and 30 June, forming a double-bottom pattern, while the price simultaneously followed a falling resistance line. Only when the ERG price breaks above this trend line can we assume that the bottom has really been reached.

Ergo ERG course diagram
ERG / USDT Chart Source: TradingView

The Winkyverse (WNK)

  • Current price: $ 0.0028
  • Market value: $ 21 million
  • Market Value Rank # 4129

Winkyverse is an educational metavers that aims to combine teaching content from the areas of robotics, programming, artificial intelligence, games, blockchain and augmented reality and a educational ecosystem to obtain. WNK is the symbol of the ecosystem.

The pre-sale of the virtual countries will take place live on July 18, 2022. There are a total of 2000 items to buy. The WNK price has followed a declining line of resistance since March 28, 2022, hitting the last lowest ever on June 30, 2022.

Winkyverse WNK course chart

Here is our latest bitcoin analysis!

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