Hidden Gem Altcoins That Can Yield Gains in July
The post Hidden Gem Altcoins That Can Yield Gains in July appeared on BitcoinEthereumNews.com.
The crypto market is buzzing with numerous digital assets, so it’s not surprising that many promising altcoins remain under the radar. BeInCrypto brings forward three underestimated assets that stand out in their respective category. MANTRA (OM) — the RWA Underdog MANTRA is a Layer-1 Security Real World Asset (RWA) blockchain. Among many other features, the most notable one is its ability to provide a permissionless network for permissioned applications. In the first two weeks of June, the altcoin saw a remarkable 55% growth, reaching just under $1.04. However, it failed to break through this level and subsequently experienced a massive decline, erasing all the gains made. Despite this setback, OM’s price has maintained a crucial support level at $0.64, which has held firm for three and a half months. This support level offers OM’s price a chance to rebound, especially as the Relative Strength Index (RSI) approaches bullish territory. Read More: How To Invest in Real-World Crypto Assets (RWA)? OM Price Analysis. Source: TradingView However, if this support is lost, MANTRA’s investors could face substantial losses. OM’s price could drop below $0.50, wiping out half the profits recorded at the end of March. Wemix (WEMIX) — Blockchain-Based Gaming Platform Although Wemix’s price did not have an impressive run over the past month, gaining only 7%, it does present a bullish opportunity. In the last week alone, the altcoin has risen by more than 35% to trade at $1.38. WEMIX breached the crucial resistance at $1.38, a level that has been tested as support in the past. Flipping this resistance into support will further Wemix’s rally, potentially sending it toward $2.00 and pushing the altcoin into consolidation. Read More: WEMIX3.0 Explained: A Guide To The Borderless Web3 Ecosystem WEMIX Price Analysis. Source: TradingView On the other hand, if the investors move to sell their…
Filed under: News - @ July 1, 2024 12:16 am