5 Altcoins You Should Watch Out for in July 2023

The crypto market has grown immensely for some time now and continues to, resulting in the emergence of new altcoins every day. Filtering the ones in which you should invest your efforts and money has thus become a difficult task.

The cryptocurrency market has seen a lot of growth recently, and new altcoins are being created all the time. It can be hard to know which ones are worth your time and money.

To help you out, BeInCrypto has put together a list of altcoins to watch in July so you can get ahead in the market.

Toncoin (TON)

Telegram token Toncoin’s price has been among the best performers this quarter. Not only did the altcoin set a new all-time high at the start of June, but it is also close to setting a new one.

Trading at $7.6, TON could be making a move to invalidate the current all-time high at $8.2 to push past $8.5. The current uptrend line has been tested consistently and remained unbroken to date, cementing it as a support floor.

Toncoin’s price could be noted to have a drawdown to $7 if the uptrend is broken.

Notcoin (NOT)

Another Telegram token to watch is Notcoin (NOT). The native token of the Web3 game on Telegram, NOT surprised the market with a 317% rally shortly after its launch.

While the past few days have not been very fruitful for the altcoin, NOT managed to break past the downtrend line this week. If this is sustained, the altcoin could begin to reclaim the lost gains by reaching $0.020 from the trading price of $0.015.

On the other hand, losing the support of $0.013 could invalidate the bullish thesis and lead to extended losses.

Solana (SOL)

Solana’s price has more to do with its demand over the last couple of weeks, which was driven mainly by institutional interest. The CoinShares report highlighted that SOL had noted inflows of about $3.3 million as of June 21.

This is higher than its competition, including Litecoin (LTC), Chainlink (LINK), and Ripple (XRP). If the altcoin breaches the resistance at $156, this could push SOL up from $144 to $169.

However, a failed breach could bring it down to $126, which has been cemented as a support floor over the last three months.

Kaspa (KAS)

Kaspa’s price could reach a new all-time high next month, considering the altcoin has been maintaining its bullishness. The uptrend that started at the beginning of May has been sustained, and KAS changing hands at $0.177 could leverage this.

The current all-time high is $0.193, and to breach it, Kaspa’s price would first need to break through $0.184. Flipping it into support would give KAS the boost it needs to set a new ATH.

However, history could repeat itself since it has failed to close above this resistance three times in the last four months. Consequently, Kas could end up consolidating above $0.162.

Brett (BRETT)

The meme coin, also known as PEPE’s best friend, has had an impressive run. Built on Coinbase’s BASE chain, the cryptocurrency has seen immense gains. During the first week of June, Brett’s price rallied by over 132% before correcting.

The all-time high for BRETT is $0.195, and the meme coin could breach this. Considering the hype and demand around the altcoin are still high, it could benefit from this.

However, knowing the nature of meme coins and the volatility that comes with them, there is a chance that this breach could fail. As a result, a drawdown to $0.140 is possible, which would invalidate the bullish thesis.