Bitcoin has broken out above the 200-day moving average on the weekly chart ($22,700) and currently trades in a band between $23,000- $24,000. If Bitcoin can remain above this crucial level of resistance and survive the short-term selling pressure, the final weeks of July could be a magnificent time to be an altcoin investor. This article features four great crypto projects to hodl in July.
Gnox (GNOX)
First is Gnox. A new reflection token that makes DeFi (decentralised finance) earning easy. Gnox has entered its presale’s third and final stage and is slated to launch on the BSC (Binance Smart Chain) in Q3 later this year.
Gnox is an exciting prospect due to the protocols prioritisation of providing passive income for investors, and the mechanisms underlying it, suggest a bias toward long-term investors. Gnox makes DeFi yields accessible to all investors, and the protocol utilises a treasury fund to generate revenue in DeFi protocols, which is split amongst GNOX holders. With a solid foundation and vast potential for growth and earning, GNOX is a must-have token for July.
Fantom (FTM)
Fantom is the unofficial king of DeFi. FTM, the native token of the Opera Network, trades at $0.31, up more than 25% in the last week alone. Notorious for its volatility and violent price action, investors have not been deterred and continue to buy up FTM.
A critical player in the realm of DeFi, powered by its DAG (directed acyclic graph), the Opera network is one of the best chains out there. And will undoubtedly continue to be a key player in DeFi’s development, making it another excellent choice for investors.
Solana (SOL)
The Solana network launched in 2020, and this blockchain built to be the fastest certainly delivers. The developers at Solana have created one of, if not, the fastest blockchain in the sphere. With a theoretical TPS (transactions per second) of more than 50,000, the Solana network represents the infrastructure for the future of DeFi.
SOL trades at $40 and has rallied more than 17% in the last week. This layer one project has only just started its development. Many investors are buying up SOL waiting to see another rally like 2021 which pushed the crypto from barely known to a contender within the top ten ranked by market cap.
Avalanche (AVAX)
The Avalanche network is another layer one protocol and a key player within DeFi. Ranked fourth by TVL (Total Value Locked), this blockchain has a rich and organic ecosystem that attracts investors looking to generate yield with their crypto assets.
AVAX trades at $23.50 and is up 25% in the last week. At its peak, AVAX traded at $146, and if this market phase proves to be the beginning of another bull market phase, this will be AVAX’s target price.
Find Out More Here:
Join Presale: https://presale.gnox.io/register
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnoxio
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/07/july-most-popular-cryptocurrencies-gnox-gnox-fantom-ftm-solana-sol-and-avalanche-avax