Analyst: Look for SHIB Coin and Those 2 Altcoins in July!

Although the cryptocurrency market has recently seen calm or decline in the prices of many assets, especially Bitcoin (BTC), analysts say that some cryptocurrencies below $ 1 may be investment opportunities. In this context, analyst Ana Zirojevic revealed 3 altcoins with upward potential in July. These consist of SHIB coin, Cardano and Dogecoin.

Cardano, SHIB coin attract attention

Cardano (ADA), one of the altcoins trading at $1 and with a potential rise expected, has a buy signal with the TD Sequential indicator on the daily chart, according to cryptocurrency expert Ali Martinez. This indicates that there may be a return and price increase in the near future. Cardano is currently trading at $0.39. This indicates an increase of 5.32% on a daily basis and a 4.81% increase on a weekly basis. Trying to compensate for the 14.94% loss in the last month, ADA is in an upward trend with positive Cardano news.

Shiba Inu (SHIB) is another altcoin giving a buy signal with TD Sequential on the daily chart, in parallel with the rise of doge-themed breast coins, which are known for Elon Musk bringing the discussions on X payments to the agenda again. Shiba Inu is currently trading at $0.00001731. SHIB, which rose by 3.93% in the last 24 hours, decreased by 3.03% on a weekly basis and lost 29.81% in the monthly chart.

Long-established chest coin Dogecoin is also on the list

Dogecoin (DOGE), which has risen above $0.12 despite the significant sales in recent days, may confirm the optimistic expectations of analysts such as Trader Tardigrade, who say that he expects an “incredible rise” in the future. Dogecoin is currently trading at $0.12331. DOGE, which increased by 5.41% on a daily basis and 2.33% on a weekly basis, is trying to compensate for the 27.40% loss it has experienced in the last 30 days.

The cryptocurrencies below $1 listed above may be a good enough opportunity to invest in July. However, experts emphasize that although current trends seem positive, the side of the cryptocurrency market can easily change. For this reason, you should do your own research before investing and never consider it as investment advice.

As a result, although the calmness of the cryptocurrency market and price declines in some assets during the period worried investors, some altcoins below $ 1 are still promising. Analysts state that altcoins such as Cardano (ADA), Shiba Inu (SHIB) and Dogecoin (DOGE) have rising potential in July and may be an attractive investment option. Time will tell what will happen in the coming period.