Best Cryptos For July 2023

Ethereum

Best Cryptos For July 2023

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July 4, 2023

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Big Eyes Coin And Litecoin Bullish, Ethereum Price Won’t See $2K Anytime Soon

In the dynamic realm of cryptocurrencies, where fortunes can be made or lost in the blink of an eye, investors are perpetually seeking out opportunities to leverage potential bull runs. While the market remains volatile and unpredictable, there are telltale signs that certain cryptocurrencies are poised for a significant upswing in value.

This article delves into two such cryptocurrencies, Big Eyes Coin (BIG) and Litecoin (LTC), which exhibit compelling indicators of a bullish trend. However, it is equally imperative to assess the prevailing circumstances surrounding Ethereum (ETH) and elucidate why its price may not ascend to the coveted $2K milestone in the immediate future.

Ethereum Needs A Strong Breakthrough

The Ethereum (ETH) price holds great promise, supported by technical analysis and bullish indicators. A well-defined ascending triangle pattern has formed between May 31st, 2022, and June 28th, 2023, with consistently higher lows and nearly equal highs.

This pattern suggests a potential 45% surge to $2,915 once the crucial resistance at $1,865 is overcome. The projected target is calculated by measuring the distance between the initial swing high and low and adding it to the breakout point of $1,865. Therefore, Ethereum’s price needs a strong breakthrough above this level to trigger a significant bullish rally.

Litecoin’s Upcoming Halving

Litecoin, launched on October 13th, 2011, as a fork of Bitcoin by former Google engineer Charlie Lee, has established itself as a decentralised peer-to-peer (P2P) cryptocurrency network with an open-source framework. Its primary objective was to tackle the speed, scalability, and centralisation challenges faced by the Bitcoin network.

In 2023, Litecoin experienced notable growth, commencing the year at $69.95 on January 1st and reaching a peak of $102.83 on February 16th. Despite a temporary decline to $69.29 in March, Litecoin swiftly recovered, surging to $101.82 by mid-April. The upcoming halving event in August has contributed to a surge in Litecoin’s popularity. In the past two weeks alone, it has observed an 8.9% increase in price, reaching a high of $94.77 as of May 24th, 2023.

Litecoin currently occupies the 14th position in market capitalisation, surpassing a total value of $12.3 billion. The impending halving event scheduled for August 2nd will reduce block rewards from 12.5 to 6.25. This substantial modification occurs roughly every four years or after approximately 840,000 blocks have been mined.

Big Eyes Coin To Launch Casino

Big Eyes Coin (BIG) has emerged as a shining star in the ever-evolving landscape of cryptocurrencies, captivating the interest of both enthusiasts and investors alike. This innovative blockchain project aims to revolutionise the decentralised finance (DeFi) world by introducing a unique and refreshing approach. Operating on the popular ERC-20 standard, Big Eyes Coin employs a deflationary model that gradually reduces its token supply over time, potentially driving up its intrinsic value.

The remarkable rise of Big Eyes Coin can be attributed to its engaging community outreach strategies and charming and lovable mascot. However, this project transcends the realm of being a mere meme coin, as it holds a strong commitment to positively impacting the environment. A significant portion of the project’s proceeds is dedicated to combating pollution and addressing the issue of overfishing. Such dedication to environmental causes has resonated well with the crypto community, further fueling the popularity of Big Eyes Coin.

While Big Eyes Coin recently made its debut on prominent cryptocurrency exchanges like Uniswap and Poloniex, the question on many people’s minds is what the future holds for this promising project. Anticipation is building as investors eagerly await the next steps and future plans of Big Eyes Coin. The project’s roadmap and strategic vision will determine its trajectory and potential success in the competitive crypto market.

Exciting times lie ahead for Big Eyes Coin as it prepares to make a significant impact with the upcoming launch of its casino platform. This groundbreaking platform will offer users a thrilling experience through play-to-earn (P2E) games, where participants can enjoy exciting gameplay while earning valuable rewards in the form of BIG tokens. Furthermore, crypto holders will have the unique opportunity to exchange their altcoins for BIG tokens, adding to the utility and accessibility of the Big Eyes Coin ecosystem.

Make sure to mark your calendars for the highly anticipated launch of the Big Eyes Coin Casino on August 29th. This momentous event represents a final chance for investors to join the presale and unlock the potential for maximum investment returns with Big Eyes Coin. The innovative combination of gaming, earning, and the exclusive use of BIG tokens sets the stage for an exhilarating experience that promises to captivate crypto enthusiasts and provide new opportunities for financial growth.