BeInCrypto shows you the top 7 cryptocurrencies in this analysis.
There are some promising developments and events coming for these seven cryptocurrencies in the month of July. How could cryptocurrency prices evolve?
Origin Protocol (OGN)
- Current price: 0.25 USD
- Market value: $97 million
- Market value: Rank: 187
The origin protocol is Web3 protocol. The team wants to use the protocol to collectively enable NFTs, cryptocurrencies, and DeFi. Origin NFT Market aims to become one of the leading NFT Markets (measured by trading volume). In addition, the protocol offers its own stablecoin, the native currency (OUSD), as well as an arithmetic stablecoin. OGN is the original code for the protocol.
On July 12, 2022, the Dollar Origin Governance Token (OGV) will begin airdrops, allowing OGN holders to receive an OGV. Between July 5 and July 12, 2022, the airdrop will be captured using a randomized mechanism.
OGN price has been following a descending resistance line since March 20, 2022. The cycle has been rejected several times, most recently on June 28, 2022. OGN price could soon break above the resistance line. The next major resistance is at $0.42.
- Current price: $1067
- Market value: 129 billion
- Market value ranking: #2
Ethereum is currently the second largest cryptocurrency (measured by market cap). Users can develop so-called dApps (“decentralized applications”) on the blockchain. In addition, the smart contract platform is enabled and can handle NFT transactions. ETH is a blockchain token.
The Ethereum Community Conference (ETHCC) will take place between July 19, 2022 and July 21, 2022. This is the largest Ethereum event in Europe, focusing on the technology and community behind Ethereum.
Ethereum price recently bounced off the 0.618 Fibonacci retracement support level at $1033 and recently recorded its first next low after June 18, 2022.
- Current price: 1.36 USD
- Market value: $1.22 billion
- Market value ranking: #38.
Tezos is a Proof of Stake (PoS) blockchain network that, like Ethereum, offers many smart contract features. Moreover, the blockchain facilitates the development of dApps. XTZ is the original cryptocurrency of the blockchain.
Between July 21, 2022 and July 23, 2022 in Paris TezDev مؤتمر Conference instead of. There will be a workshop and networking opportunities for developers and companies.
XTZ price has fallen within a falling wedge pattern since Feb 24th. This is a bullish pattern. This means that the price of the asset breaks the pattern most of the time. If the price of Tezos breaks the pattern and continues to rise, it will face resistance at $2.20.
Hedera Hashgraph (HBAR)
- Current Price: $0.062
- Market capitalization ranking: 1.31 billion
- Market value ranking: #36
Hedera Network acts as a public ledger and uses an extension HashGraph consensus mechanism Instead of the classic blockchain consensus mechanism that most other cryptocurrencies use. Hedera network currently enables more than 10,000 transactions per second. The transaction fee is only $0.0001 USD.
HBRA is the original tok of the Hedera Network. There is a use case for securing the network and decentralized applications (dApps). Team Hedera announced it at 28 July 2022 The quarterly testnet will be released.
HBAR price made penultimate (green arrow) and last highest low on June 18, 2022. However, HBRA price has not yet managed to rise above the descending resistance line.
- Current price: 16.20 USD
- Market value: $4.56 billion
- Market value ranking: #17
Avalanche is a Layer 1 blockchain that acts as a decentralized platform for dApps. The avalanche is one of the biggest competitors to Ethereum and can currently process up to 6,500 transactions per second. For comparison: Ethereum currently only has 15 transactions per second. AVAX is the original code for Avalanche.
July 15-16 in Brooklyn Avalanche House Conference instead of. Several speakers, such as Lydia Chiu, Vice President of Ava Labs, will talk about blockchain.
AVAX price has fallen inside a parallel descending channel since June 27, 2022. Corrective movements are usually made within these channels. Then, on June 30, 2022, the price bounced off the channel support line and the horizontal support area at $16. If AVAX price breaks above the upper line of the channel, AVAX price will face resistance at $18.20.
- Current price: $1.95
- Market value: $62 million
- Market value ranking: #312
Ergo is a protocol that aims to provide a secure and efficient method for executing financial contracts. ERG is the original token of the protocol. For block #784.00, the ERG emissions are reduced from 51 to 48 ERG per block. This block is expected to be reached on July 2, 2022.
ERG price reached its lowest on June 13 and June 30, forming a double bottom pattern while at the same time the price followed a descending resistance line. Only when the ERG price breaks above this trend line can we assume that the bottom has already been reached.
- Current price: $0.0028
- Market value: $21 million
- Market Value Rank # 4129
Winkyverse is an educational metaverse that aims to bring together educational content from the fields of robotics, programming, artificial intelligence, gaming, blockchain, augmented reality and educational ecosystem to accomplish. WNK is an ecosystem icon.
The virtual nations pre-show will be held live on July 18, 2022. There are a total of 2,000 lots to buy. WNK price has been following a descending resistance line since March 28, 2022 and last hit all-time low on June 30, 2022.
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