The month of June was relatively friendly to cryptocurrencies. Several digital assets marked the charts green led by Bitcoin. At one point, Bitcoin surpassed the $13,000 mark but later dropped. Note that Bitcoin usually dictates how the rest of the cryptocurrency market will perform. Apart from Bitcoin, there are several other cryptocurrencies to look out for in July.
Litecoin is currently ranked in the fourth position with a market capitalization of $7.6 billion By press time. Ahead of the August halving, Litecoin is showing a positive price movement, making it an asset to watch in July.
The bullish run began at the start of 2019 with the asset making it to the list of cryptocurrencies worth investing in. The halving is a landmark moment in the network’s cycle as the block reward, and the overall supply of LTC on the market will be cut in half.
In June, Litecoin had a great month after it managed to hit $142. With a significant event less than 30 days ahead, Litecoin becomes an exciting project to watch out for.
Binance Coin [BNB]
Since joining the market back in 2017, Binance Coin has been an exciting cryptocurrency to watch out for. BNB is the native cryptocurrency for Binance, a leading trading platform. Since the year began, BNB has managed to increase by about 400%. BNB is a good coin to watch out for as we have seen constant developments coming from both Binance and the Binance Chain.
Additionally, we have Initial Exchange Offerings lined up on the Binance platform. This development is bound to propel BNB to new heights in July. It is worth noting that, Binance is also doing quarterly burns of BNB, which reduces its circulating supply.
This development means that BNB’s value will appreciate further in July. By press time, BNB was trading at $33.04 with a market capitalization of $4.6 billion. This valuation puts BNB in the seventh rank in the crypto market capitalizations.
Monero’s appeal is anonymity. The asset ensures that the details of every transaction, including sender, receiver, and size, are recorded on a public ledger, but are not traceable. This means that connecting the dots between the sender and receiver cannot be linked if you use Monero.
Despite Monero’s popularity and liquidity, XMR is more difficult to store securely than significant coins like BTC. Many corporations are expected to adopt Monero’s network in managing transactions.
This development should have an impact on XMR, which had a good month in June. By press time, XMR was ranked in the 14th position with a market capitalization of $1.5 billion. and a current price standing of $90.43.
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