Dogecoin

Bitcoin

FLOKI

Chainlink

Cryptocurrencies entered July with a strong conviction to reverse the negative trend in June. Bitcoin rebounded above $60,000, sending bullish signals among altcoins which not only followed Ethereum’s reversal past $3,400 but posted remarkable gains. <a href="https://coingape.com/crypto-with-cheap-transaction-fees/" rel="noopener noreferrer nofollow">Cryptocurrencies to buy</a> like <a href="https://coingape.com/markets/solana-price-heres-when-sol-could-reach-250-expert-analysis/" rel="noopener noreferrer nofollow">Solana (SOL)</a>, Dogecoin and <a href="https://coingape.com/markets/ada-price-analysis-did-cardano-price-just-break-out-pre-hard-fork/" rel="noopener noreferrer nofollow">Cardano</a> pushed upwards amid growing optimism for spot ETFs in the US.
As investors beam with the hope of a bull run in H2 of the year, it is important to identify cryptocurrencies to buy showing potential to grow exponentially and reach new all-time highs in price and market capitalization.
For many crypto projects, reaching the coveted top ten tier is not a small feat. Such an achievement often signifies commendable network growth, ecosystem expansion, and high competitiveness.
Seeking exposure to such <a href="https://coingape.com/best-crypto-for-beginners/" rel="noopener noreferrer nofollow">cryptocurrencies</a> to buy opens investors to tremendous gains including portfolio growth. In this article, CoinGape commits to exploring 2 unique digital assets; Chainlink (LINK) and Floki.
<h2 id="1-cryptocurrencies-to-buy-chainlink">1. Cryptocurrencies To Buy – Chainlink</h2>
With renewed buying interest among whales, the Chainlink price rebounded by 16.2% from a multi-month support zone at $12.63, reaching $14.678. This surge suggests that the LINK coin could sustain above the 38.2% Fibonacci retracement level— a healthy correction level for buyers to counterattack.
<figure id="attachment_205582" aria-describedby="caption-attachment-205582" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-205582" src="https://coingape.com/wp-content/uploads/2024/07/chart-25.png" alt="2 Cryptocurrencies To Buy Boosting Into Top 10 In July" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/07/chart-25.png 1644w, https://coingape.com/wp-content/uploads/2024/07/chart-25-300x219.png 300w, https://coingape.com/wp-content/uploads/2024/07/chart-25-1224x893.png 1224w, https://coingape.com/wp-content/uploads/2024/07/chart-25-768x561.png 768w, https://coingape.com/wp-content/uploads/2024/07/chart-25-1536x1121.png 1536w, https://coingape.com/wp-content/uploads/2024/07/chart-25-150x109.png 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-205582" class="wp-caption-text">
 Chainlink price chart | CoinGecko
 </figcaption>
</figure>
During the June correction, the&nbsp;<a href="https://coingape.com/new-chainlink-whales-snap-up-30m-tokens-will-link-price-recover-21-monthly-loss/" target="_blank" rel="noopener noreferrer nofollow">Chainlink</a>&nbsp;coin experienced significant outflows, with its price plummeting from $19.2 to $12.6, resulting in a 34.2% decline. The $12.6 low accompanied by a 32.8% FIB level and 100W EMA creates a high area of interest (AOI) for buyers.
In the last six months, the LINK price rebounded support times from the aforementioned support indicating the buyers are aggressively defending this level to prevent prolonged correction. The recent reversal from bottom support has propelled the LINK price to $14.5, while the market cap jumped to $8.85 Billion.
Recent on-chain data analysis from Lookonchain reveals that whales and institutions are accumulating Chainlink (LINK). Over the past seven days, 54 fresh wallets have withdrawn a total of 2.08 million LINK, valued at approximately $30.28 million, from Binance.
The support trendline on the daily chart, which has been in place since June 2023, underpins the current recovery. Buyers must maintain this level to carry a prolonged bull run.
<h2 id="2-floki">2. Floki</h2>
According to data from&nbsp;<a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/floki-inu/" target="_blank">CoinMarketCap</a>, the current market cap has risen to approximately $1.66 billion, marking an increase of 2.80%. Notably, the trading volume has spiked by 47% in the past 24 hours, reaching $226 million, underscoring the increasing investor interest and market activity surrounding this cryptocurrency.
<figure id="attachment_205583" aria-describedby="caption-attachment-205583" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-205583" src="https://coingape.com/wp-content/uploads/2024/07/chart-26.png" alt="cryptocurrencies to buy" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/07/chart-26.png 1644w, https://coingape.com/wp-content/uploads/2024/07/chart-26-300x219.png 300w, https://coingape.com/wp-content/uploads/2024/07/chart-26-1224x893.png 1224w, https://coingape.com/wp-content/uploads/2024/07/chart-26-768x561.png 768w, https://coingape.com/wp-content/uploads/2024/07/chart-26-1536x1121.png 1536w, https://coingape.com/wp-content/uploads/2024/07/chart-26-150x109.png 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-205583" class="wp-caption-text">
 Floki price chart | CoinGecko
 </figcaption>
</figure>
Over the last week,&nbsp;<a href="https://coingape.com/trending/can-floki-price-recover-this-week-analysts-take/" target="_blank" rel="noopener noreferrer nofollow">Floki</a>&nbsp;has enjoyed a 4% increase in value. Currently, the coin fluctuates within a narrow price range of $0.00016 to $0.00018, marking a notable appreciation in its market price.
FLOKI&nbsp;could encounter a major obstacle if it surpasses the $0.00018 mark, with a strong resistance point at $0.0002. If it sustain above this threshold, the path could open for an upward move toward $0.0003. A continued rally might even take it to $0.0005.
On the flip side, a decline below $0.00017 might send FLOKI down to its lower support trendline at $0.00016. Further market downturns could pressure it to a support level of $0.00015. This could indicate a bearish trend for the coin.
The post <a href="https://coingape.com/markets/2-cryptocurrencies-to-buy-boosting-into-top-10/" rel="noopener noreferrer nofollow">2 Cryptocurrencies To Buy Boosting Into Top 10</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

2 Cryptocurrencies To Buy Boosting Into Top 10

Table of Contents

Coingape News Media

Другие статьи, опубликованные 2 июл. 2024 г.

Tom Lee’s Bitcoin Price Prediction 2024: BTC Price To Hit $150,000 by Year-End

Dogecoin (DOGE) Market Analysis: Is Now the Right Time to Invest in the Memecoin?

Robinhood to start crypto futures trading in U.S. and Europe

Robinhood CLO May Replace SEC Chair Gensler Under Trump’s Presidency

Cosmic Kittens (CKIT) and Arbitrum (ARB): A Major Analyst Foresees These Tokens Ruling 2024

Analysts Label Injective and Raboo Top Crypto Performers, As Bitcoin Breaks $63K

Join our free newsletter for daily crypto updates!