TOP 5 ALTCOINS THAT SKYROCKETED IN JULY 2023
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The cryptocurrency market continues to evolve, offering a vast array of digital assets beyond the dominance of Bitcoin. These alternative digital currencies, known as altcoins, have gained popularity due to their unique features and potential for significant returns on investment.
What Is an Altcoin?
Altcoin includes all cryptocurrencies other than Bitcoin (BTC). There are almost 1.8M+ cryptocurrencies trading in the crypto market. The Market Cap of Cryptocurrency is 1.19T. according to Coinmarketcap, a popular crypto price-tracking platform.
In this article, we will explore the top 5 trending Altcoins that have skyrocketed in July 2023.
BOUNCE TOKEN (Auction)
Price: $17.2
Total Supply: 7,640,627 AUCTION
Surged since 1 month: 252.56%
Auction as a Service – Bounce’s fully decentralized auction platform uses blockchain technology to ensure more transparent, efficient, and accessible auctioning, bidding, and buying processes for Web3 users.
Since our September 2020 launch, Bounce has grown into one of the most popular decentralized auction platforms in the Web3 ecosystem, particularly esteemed by buyers and sellers in the DeFi and NFT spaces.
The Launch of Bounce V3 in February 2023, has paved a new era for Bounce as a multi-stage management and logistics platform with an emphasis on personal and project development with tools built for individuals, companies, and institutional investors across all realms of defi.
COMPOUND (COMP)
Price: $73.00
Market cap: $568,225,050
Circulating supply: 7,788,013 COMP
Total supply: 10,000,000 COMP
Surged in 1 Month: 88.86%
Compound is a DEFI lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.
STELLAR (xLM)
Price: $0.158
Market cap: $4,306,373,582
Total supply: 50,001,787,265 XLM
Max. supply: 50,001,806,812 XLM
Surged in 1 month: 67.95%
Stellar (XLM), an open network for storing and moving money, is a peer-to-peer decentralized network created in 2014 by The Stellar Development Foundation or Stellar.org. The network officially launched in 2015 with the purpose of connecting the world’s financial systems and ensuring a protocol for payment providers and financial institutions.
The platform is designed to move financial resources, swiftly and reliably at minimal cost. Stellar links people, banks, and payment processors and allows users to create, send and trade multiple types of crypto.
KASPA (KAS)
Price: $0.038
Market Cap: $749,547,356
Total Supply: 19,845,982,192 KAS
Max. Supply: 28,704,026,601 KAS
Surged in 1 month: 54.92%
Kaspa is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine. Transactions sent to miners can be included immediately in the ledger, which is structured as a revolutionary blockDAG (Overcoming the problem of blockchains).
Kaspa is based on the GhostDAG/PHANTOM protocol, a scalable generalization of the Nakamoto Consensus (Bitcoin consensus). Kaspa was developed to solve the issues in the usage of digital assets: Security, Scalability, and Decentralization.
SOLANA (SOL)
Price: $25.03
Market Cap: $10,116,990,909
Total Supply: 553,332,755 SOL
Surged in 1 Month: 49.36%
Solana is a blockchain built for mass adoption. It’s a high-performance network that is utilized for a range of use cases, including finance, NFTs, payments, and gaming. Solana operates as a single global state machine and is open, interoperable, and decentralized.
Some of the other Bullish Altcoins are:
- XRP– Surged 48.27% in 1 Month
- XDC NETWORK: Surged 90.59% in 1 Month
- ORIGIN PROTOCOL: Surged 44.25% IN 1 Month
- WORLDCOIN: Surged 32.53% IN 1 Month
- DOGECOIN: Surged 20.59% IN 1 Month
Also read: Learn How to Invest Your $500 in the Crypto Market
Conclusion
As the cryptocurrency market evolves, investors must keep a close eye on the top trending altcoins in July 2023.
However, it’s essential to remember that the cryptocurrency market remains highly volatile, and investing in altcoins carries inherent risks. Always conduct thorough research, consider expert viewpoints, and invest only what you can afford to lose. With careful evaluation and a diversified approach, investors can navigate the dynamic world of altcoins and potentially capitalize on promising growth opportunities.
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