Market Analysis

Coins to watch out for this month – July

Updated: Aug 6, 2024

Published: Jul 3, 2019

Following from our June analysis, we saw that MCO made significant gains, in what was a very tough month on the Alts, with BTC's strong bullish surge. For July here are the 3 different tokens that we feel are at a good point both fundamentally AND technically:

Chainlink ($LINK)
EOS ($EOS)
Komodo ($KMD)

Chainlink:

Unquestionably the highlight of all Altcoins in June, with a price going from $0.80, creating multiple all-time highs, en route to a peak of $4.60. Price has since sustained generally well and is currently trading around the $3.70 region. With huge partnerships with Google, Oracle and a Coinbase listing all announced in quick succession, the fundamental picture for $LINK is as strong as any project currently. With price holding well above $3.50, it demonstrates price reflects real growth, and buyers have not been put off. With a real possibility of an Altcoin run, $LINK will be looking to be one of the frontrunners.

EOS:

EOS reached its ATH during 2018 bloodbath, topping out at $22.89. The protocol has already delivered a 472.62% ROI so far and its roadmap promises much more to come. Analysts are projecting the launch of its latest milestone, Eosfinex, for the last week of July. The improvement will make the network significantly more scalable, as well as facilitating more transparency and speed. The BETA testing was completed in June 2019 and crypto enthusiasts are sure that final completion will be a strong fundamental impacting the price.

Komodo:

Komodo describes themselves as "secure, independently scalable, and fully interoperable blockchain ecosystem that provides end-to-end blockchain infrastructure solutions." With a full rebrand to v2.o and the Antara Framework launch scheduled for 15th July 2019, it may be a very strong month for the little-known project.

The Antara release will allow users to create their own independent, autonomous and modular smartchains. Amongst other use-cases, they can be used to create stablecoins, instant micropayments or as a tokenisation infrastructure solution. The team have been good with communication and marketing, recently holding an AMA via their Twitter page. They also have their own Discord channel to help with user engagement. Their creative revamp will have notified investors that progress is occurring behind the scenes, and this will be reflected in the price.