Top Cryptocurrency News On July 1: Major Stories On Bitcoin, Cryptocurrency And Policies
Analysis
Countries, Regulations, and Cryptocurrencies: Why adopting Bitcoin is difficult for many countries
June was pretty significant for Bitcoin and other cryptocurrencies as two countries gave a very, very different perspective over this digital coin- First, it was El Salvador which became the first country in the world to adopt Bitcoin as a legal tender, and on the other side China which carried out a massive crackdown on the digital coin and cryptocurrencies asking its financial institutions including banks and online payment firms do not provide any cryptocurrency-related services.
Like the two mentioned above, many countries are still in a cliffhanger on which side they should choose concerning Bitcoin and cryptocurrencies. But, even though there have been various opinions regarding digital coins and tokens, certain features still stop cryptocurrencies from going mainstream and challenging the fiats. Lets us look at a few of them Read more here
The Best Cryptocurrencies to Invest in July 2021
The Best Cryptocurrencies to Invest in July 2021
Best cryptocurrencies in July are growing stronger.
As we enter a new month, we can definitely expect new trends to shape the world of crypto. The month of June overall has been good for the cryptocurrency market, recovering from the market turmoil in May. The best cryptocurrencies will grow stronger in the coming months starting from July. If you are still wondering whether to invest in cryptocurrency, leave behind all your concerns and read this guide to make an informed decision about cryptocurrency investments.
So which is the best cryptocurrency to invest in in the month of July? Of course, Bitcoin and Etheruem are popular choices, let’s look at the other best cryptocurrencies for July 2021.
Ethereum
If you are amazed, the rundown didn’t start with Bitcoin, it is time to shift your focus to other best cryptos to buy this month. According to The Economy Forecast Agency, the price of Ethereum will reach US$2769 in July. Experts also suggest that Etheruem holds the potential to beat Bitcoin this month and become the top cryptocurrency to invest in in July.
Current Price: US$2,198.98
Bitcoin
No list is complete without Bitcoin. The largest cryptocurrency in the market is the most preferred option for investors. There is no denying that this best crypto will dominate the crypto market no matter the prices rise or fall.
Current Price: US$34,278.82
Cardano
Cardano is the best crypto to buy today as a lot of new improvements and developments will take place on the blockchain. With this, it holds immense potential to deliver long-term benefits with regard to investment purposes. IOHK, supporting Cardano, announced a new initiative called Alonzo hard fork. It will empower smart contract functionality on the Cardano blockchain.
Current Price: US$1.34
Polkadot
Polkadot is again innovation in blockchain technology that will transform the decentralization of the internet. There are three reasons why it is growing – security, speed, and governance. Unlike other cryptocurrencies, Polkadot’s blockchain can be easily scaled globally.
Current Price: US$15.69
Ripple
Ripple is becoming quite popular as it won the lawsuit where The Securities and Exchange Commission (SEC) didn’t give permissions to access to private documentation of Ripple Labs’ legal status. This popularity is boosting the growth of Ripple. Also, it intends to go public. This should be a major factor to consider if you wish to invest in the best crypto in July.
Current Price: US$0.6781
Bitcoin Cash
Bitcoin cash makes the list of best crypto to buy now because of its faster processing of transactions with low fees. This crypto offers scalability, which implies its potential to grow in the future is huge. Now is the best time to invest in Bitcoin Cash as the prices have slashed down.
Current Price: US$511.46
Binance Coin
Binance Coin currently holds the 4th position as per CoinMarketCap ranking. Digitalcoin predicts that the price of Binance Coin will reach $1,246 by 2028. Well, still a long way to go, but its steady growth surely indicates a positive development.
Current Price: US$293.23
Polygon
If you wish to know everything about Polygon, head to this article that will tell why it is the best coin to invest in now. Did you know it grew by 9,000% in 2021? This figure itself should be one sole reason for you to invest in polygon right away.
Current Price: US$1.12
Uniswap
Uniswap is a decentralized finance protocol that is utilized to trade cryptocurrencies. The protocol works with automated transactions between cryptocurrency tokens on the Ethereum blockchain using smart contracts. It can soon become the highest value cryptocurrency.
Current Price: US$18.52
Tether
While Bitcoin, Ethereum, Dogecoin are the most popular ones, other cryptocurrencies like Tether are secretly growing. Tether has quickly become one of the best cryptos to invest in in 2021. Unlike other cryptocurrencies, Tether has very few risky elements. Hence, it is considered a stable and safe cryptocurrency to buy.
Current Price: US$1.00
Cryptocurrency price daily update: Bitcoin, Dogecoin fall over 1%, Ether gains
The cryptocurrency market is witnessing a fresh wave of volatility on Thursday as prices of popular virtual coins remain mixed. (Photo: Reuters)
The cryptocurrency market is witnessing a fresh wave of volatility on Thursday as prices of popular virtual coins remain mixed.
Bitcoin, the world’s most popular cryptocurrency, was trading below $35,000 after crossing the figure yesterday. At 11:15 am, the price of the virtual currency was down nearly 1.60 per cent. On the contrary, Bitcoin had gained 5 per cent on Wednesday to touch $36,000.
Popular meme cryptocurrency Dogecoin also fell nearly 1.45 per cent, extending its losses from yesterday. Dogecoin has been trading weaker this week after it rose sharply last Friday. The downward slide has raised concern among Dogecoin investors.
Cryptocurrency highlights | Check yesterday’s prices
‘Meanwhile, Ether prices have finally registered a substantial gain after a long bout of weakness. The second-most popular cryptocurrency was up nearly 5 per cent at 11:20 am, crossing $2200 for the first time since last week.
Some other cryptocurrencies that saw an increase in valuation included XRP, Cardano, Polkadot and Stellar. Other cryptocurrencies were mostly trading in the red.
It may be noted that there has been no major leap in cryptocurrency values this week due to a rise in volatility. Following China, many other countries have flagged risks associated with virtual coin trade.
This could have an impact on the cryptocurrency market for a short period and individuals should assess the ongoing situation before making any investment decisions.
Here are the latest prices and trends of popular cryptocurrencies:
Cryptocurrency Price (US Dollar) 24-hour change Market cap (Billion) Volume (24 Hours) Bitcoin 34,391.70 -2.04% $644.68 $29.73 billion Ether 2,226.08 4.08% $259.36 $28.23 billion Dogecoin 0.247279 -2.17% $32.17 $2.50 billion Litecoin 140.33 -1.36% $9.54 $2.48 million XRP 0.684538 0.49% $68.45 $2.52 million Cardano 1.36 0.88% $43.64 $3.20 billion
DISCLAIMER: The cryptocurrency prices have been updated as of 11:40 am and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and be updated daily.