🚀 Following Bitcoin's surge to $61,385.07, altcoins have also seen positive effects with the altcoin market cap recovering to $232.231B. Many analysts claim July could be a rally month for altcoins, offering potential 100% gains. Now is a great time to consider Ethereum, Solana, and Toncoin.
💎 Ethereum (ETH)
Ethereum's price recently dropped to $3249.5 but has recovered to $3,442.72 after a 2.2% gain in the last 24 hours. As the second-largest cryptocurrency, Ethereum closely follows Bitcoin's movements and is poised for further recovery as BTC rallies.
🌞 Solana (SOL)
Solana jumped from $139 to $146.93 in 20 minutes, marking a 7% recovery in the last 24 hours. The surge is likely to continue with positive market sentiments. The rising demand for Solana ETFs, including VanEck's application, has also fueled this growth.
📈 Toncoin (TON)
Toncoin has grown significantly this year, offering 232% gains despite recent losses. With a recent price of $7.67, TON is just 6.7% away from its all-time high of $8.24, having risen 3% in the last 24 hours. Toncoin's popularity is bolstered by surpassing Ethereum in daily active users.
📉 Other Altcoins
Analysts believe altcoins like Cardano, Injective, and XRP could also recover. Injective has already begun to surge, aided by its token-burning mechanism, while Cardano and XRP show potential for price recovery despite their limitations.
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