Bullish July is a popular term in the cryptocurrency field. It seems that July is often considered a month of significant price increases for tokens such as Bitcoin and Shiba Inu, making it a “lucky” month for cryptocurrencies to reach new highs. This phenomenon, which may have been just a random stroke of luck, has now become an event that investors frequently pay attention to.
As July approaches, here are three of the most popular token recommendations that people should hold in order to quickly gain substantial profits.
In July, Meme coins are showing strong momentum and are expected to bring substantial profits.
Cryptocurrency 1 – Bonk
The Solana-based cryptocurrency BONK is currently skyrocketing at an impeccable price speed, rising by 10% in the past 24 hours and reaching a peak. According to CoinMarketCap, BONK’s current trading price is $0.00002602, indicating a potential future price increase for the token.
This dog-themed token was launched in 2022 and has since experienced exponential growth, with an estimated increase in value of nearly 23,674%. The renowned cryptocurrency analysis platform CoinCodex predicts that the token may further skyrocket, reaching trading levels of over 200%.
The platform further points out that bonk is emitting a bullish sentiment, making it a profitable currency worth holding and storing for future gains.
Cryptocurrency 2: Dogwifhat
Dogwifhat (WIF) has recently made a name for itself in the cryptocurrency field, soaring nearly 58% in the past 7 days, with a trading price of $2.32 at the time of writing. This Solana-based token is currently enjoying the glory brought by the recent SOL ETF application submitted by financial giants Ark 21 Shares and VanEck.
According to CoinCodex, WIF may further reach new highs, soaring nearly 200% in the process. The technical indicators also classify WIF as a token for bullish trades, making it a cryptocurrency suitable for long-term exploration.
Cryptocurrency 3: Shiba Inu
The Shiba Inu ecosystem is currently undergoing significant changes. For example, a recent tweet from Shiba Inu’s tech lead Shytoshi Kusama has sparked a major shift in the space, with Kusama revealing that he will showcase his personality at the upcoming IVS2024 event in Kyoto, Japan, causing excitement in the Shiba Inu community.
At the same time, it is widely known that the token takes full advantage of the bullish phase in July, enjoying the aftermath of trading at higher price levels in July every year.
According to CoinCodex, SHIB may initially exhibit a bearish sentiment, with a predicted 60% increase by July 9, 2024.
