Crypto Gems: Top crypto assets to watch & buy in July 2024
It’s been a bearish start to July with the first crypto crash of 2024. The suddenness of it has spooked the markets with the fear & greed index going below 30 (in fear). Crypto’s market cap is now below $2 trillion for the first time since February. Bitcoin is fighting to stay above $54,000 while altcoins have bled considerably in the last week (15%).Indicators point to an oversold territory for key assets – is the market going to find its local bottom soon? Traders point to a BTC bounce of $52,000 in the upcoming week. If so, this is about the right time to average into some crypto assets for the upcoming year.
In order to maximize your crypto portfolio returns this year, along with Bitcoin, Ethereum, and Solana, it is prudent to allocate a decent portfolio share to emerging and upcoming narratives that drive value in the ecosystem.