SEC made headlines again today. While the approval of the ETH ETF suggested a softer stance, news of a new lawsuit emerged. Investors are challenged by the ongoing legal pressure alongside the US’s tight monetary policy. The SEC continues to pressure the cryptocurrency markets with new lawsuits. So, which altcoins might be profitable in July?
Toncoin (TON)
Integrated with Telegram and attracting attention due to its potential to reach hundreds of millions of users, TON Coin is at the forefront. This is because its ecosystem is still being built. Additionally, the success of NOT Coin increases hopes for potential new ventures. For this reason, TON Coin has been one of the best-performing altcoins this quarter.
At the beginning of this month, TON Coin broke its all-time high and, if it doesn’t see major sell-offs, it could focus on new peaks again. The price, lingering at $7.6, aims to reclaim the record level of $8.2 and target peaks beyond $8.5. The current upward trend line has been tested many times and appears favorable for the bulls.
Of course, the performance of BTC price is important here. If the king of cryptocurrencies starts closing below the $60,400 support, it will be difficult to talk about a positive divergence and rise for altcoins. Indeed, investors are also concerned about continued BTC sales in Germany and the US in July. Moreover, the return of MTGOX claims will begin in the coming weeks.
NOT Coin
The second alternative is NOT Coin because it is also one of the best-performing assets this month due to its connection with TON Coin. Moreover, the current outlook is promising for July. The native token of the Web3 game, NOT Coin, is backed by TON Coin and, in turn, by Telegram.
This ecosystem has significant potential due to Telegram’s integration with TON Coin into crypto. Recently launched, NOT Coin saw a 317% increase shortly after. Breaking the downtrend line, TON Coin could start a new jump from $0.015 to $0.02.
However, if the $0.013 support is lost, the upward trend will be lost, leading to new lows.
