The crypto market in July has experienced a shift between an uptrend and bear pressure. Despite the current bear market, there are opportunities to buy the dip and make a profit when the market recovers. Here are some of the best cryptos to consider buying now:
1. Uniswap (UNI): Uniswap is a popular decentralized trading protocol in the DeFi sector. It has seen an increase in trading volume and is expected to continue gaining relevance. Investors can buy and hold UNI for medium-term gains.
2. Litecoin (LTC): LTC has recently experienced a decline in price, making it an opportunity to buy at a discount. Historically, LTC has shown intense price spikes after halving. With a medium-term strategy, investors can benefit from the anticipated market movement.
3. Aragon (ANT): Aragon has performed well compared to Bitcoin and the entire crypto market. It allows users to set up and launch DAOs without coding. With aggressive expansion and partnerships, Aragon is expected to continue performing well. It might be a good bet for a medium-term strategy.
4. Verge (XVG): Verge has been gaining momentum and has appeared on top gainers’ lists. It is the oldest privacy token with ISO20022 compliance, which raises investor confidence. While its RSI indicates overbought conditions, its moving averages suggest it is still within its current price range.
In conclusion, buying the dip and considering these cryptos can potentially yield profits when the market recovers. Keep an eye on their performance and make informed investment decisions.
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