4 Altcoins to Watch Closely in July
We’re bringing you the four altcoins to watch closely in the month of July.
Before we dive in though, we’re by no means financial advisors we’re simply ordinary people doing research into crypto.
A lot of these projects that we do research on, we share with you, and with most, we’ll end up investing in as well. We’re also interested in them and in the process of doing our own due diligence.
We always do our best to bring up new projects with the best upside potential. So without further ado, these are the four ‘non-meme’ altcoins (we don’t believe in memecoins like dogecoin or shibu inu).
The first project is TrustSwap. TrustSwap is adding companies to its network at approximately 100 projects per day, which is more than any other crypto project in the world. As such they’re growing very rapidly.
It seems like a really exciting project with a good group of developers, and they’re a bit more established than some of these other brand new projects. They have been around for a while and are continuing to see a ton of growth.
The second project is Aave and we’re very bullish and optimistic about the potential that Aave has in the marketplace. Aave is a DeFi lender that’s built on the Ethereum network, and it’s one of the few altcoins that billionaire investor Mark Cuban has bought into.
We love Mark Cuban’s insight into different markets, not just cryptocurrency, but real estate and business as well. He’s a huge holder of Aave, and the fact that he’s gone out publicly and spoken about Aave has attracted quite a few new investors. Aave is definitely a project for you to keep your eye on.
The third project we’re going to dive into is Solana. Solana is the fourteenth biggest cryptocurrency by market cap at the moment. A quick note is that there was a podcast on Solana a few weeks back on Unchained where they explained the differences between Solana and how it could be a potential competitor to Ethereum.
Super interesting and we recommend you give it a listen.
It’s one of the handful of ecosystems that people believe could compete with Ethereum, and it actually has a good opportunity of doing since it can host applications and other digital currencies.
The fourth one is DeFi Drop, which is a specialized launchpad and incubator for DeFi. It has emerged to be an ideal DeFi launchpad that caters to projects of all backgrounds. For instance, with DeFi Drop even anonymous projects can enjoy good exposure in the market. Moreover, DeFi Drop vets all projects to guarantee users of its trustworthiness.
In this line, DeFi Drop is witnessing increased interest in the new space. Bear in mind though that smaller coins do carry more risk.
We talk about some big projects on this blog, such as Solana, which is the fourteenth biggest market cap and an established project. Then we also talk about some brand new projects, that have not even launched or seen their ICO yet.
Of course, it’s important to do your due diligence on any project that we talk about, but it’s also definitely important to diversify your portfolio. The analogy we like to give is that you’re probably not going to see a 1,000x return on bitcoin or ethereum, but you probably will see a 1,000x on some of these DeFi projects.
We just have to figure out, which ones we think are going to give us the biggest ROI (return on investment).
Comment below and let us know which projects you’re looking into and most excited about.
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