The second quarter of the year proved tough for the crypto market as most of the top crypto coins suffered losses in the double-digit territory during June. But with Ethereum ETFs expected to start trading this month among other events, a market-wide recovery is expected this month.
It is expected that overall there will be a rise in the market but some of the altcoins are expected to do better than others. So, between Polygon, Dogecoin, or KangaMoon, which will be the best crypto to invest in for massive returns this July?
Polygon (MATIC) is one of the few altcoins that has been faced with a strong sell-off throughout the first quarter. Since the start of this year, the price of MATIC has plunged by 45%, according to CoinMarketCap data.
Despite the price decline, Polygon has remained one of the top picks by institutional investors. Data from the tracker @rwa_xyz shows that most institutional funds and treasury products are being deployed on Polygon. While this could help the price of Polygon increase, indicators suggest that MATIC is still under bearish pressure around the $0.550 price range.
Like many other top crypto coins, Dogecoin (DOGE) has declined over the last month. Following a 25% plunge on the monthly chart, the Dogecoin price has returned to the $0.1200 support level. However, Ali Martinez has said that Dogecoin has entered a buy zone, and is ready for a big price bounce.
Analyst Matinez said that the Tom DeMark (TD) Sequential indicator, which is employed to predict potential reversal points in the price of an asset, points to a bounce for the leading memecoin, Dogecoin. Based on the chart he shared, the price of Dogecoin could increase by more than 50% in July.
While most of the market has been faced with strong bearish pressure, KangaMoon has been one of the few exceptions. Rallying after its listing on Uniswap and BitMart, the price of KangaMoon has increased by more than 150% over the last week, according to data from CoinMarketCap.
In addition to its recent listing, KangaMoon recently added a staking platform to its ecosystem, giving users the option of earning passive income. In the weeks following that, KangaMoon will be releasing its P2E game, and market specialists expect a further rise.
From its current price range at $0.098, KangaMoon is expected to trade above $0.20 before July ends, making it the best crypto to invest in. The Social-Fi framework of KangaMoon is another factor that makes it one of the best cryptos to buy now since it gives everyone a chance to earn.
This new approach enables KangaMoon users to earn KANG tokens and other amazing gifts depending on the level of their interaction with the project on the various social media platforms. Social-Fi is an integral part of the Kangaverse that is being built and has helped the project onboard over 32,000 users in only a few weeks.
While the current market outlook appears bleak for Polygon, the prediction of top analysts suggests that Dogecoin and KangaMoon are among the best cryptos to buy at the moment. While DOGE will be looking to increase by 50%, KangaMoon can double its price in July as users anticipate the launch of its exciting P2E game.
Website: https://Kangamoon.com/
Join Telegram Community: https://t.me/Kangamoonofficial
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