The United States Independence Day celebration will have a slight impact on how investors perceive financial assets including Bitcoin (BTC) and altcoins. At the moment, the crypto market is in a free fall as the price of Bitcoin dropped below $58,000. Similarly, several altcoins have also taken a tumble driving larger outflows.
As macro sentiments plunge, crypto users stall trades while others reposition their portfolios in anticipation of the next bull phase. The US markets have a major impact on crypto prices due to volumes compared to other jurisdictions. This can be seen in Bitcoin hitting an all-time high above $73,000 following the approval of spot Bitcoin ETFs in the United States. Here are altcoins to consider in your portfolio after July 4.
Ethereum (ETH)
The price of Ethereum remains on a downward trend in recent weeks in line with the crypto market. At press time, the asset trades at $3,129, a 4.73% drop in the last 24 hours while weekly and monthly figures fall lower in the red zone. However, bulls tip the period as a phase that may lead to more highs in July.
The anticipated spot Ethereum ETF listing this summer is a major driver of a price rally in the future. Market commentators opine inflows from traditional investors to push the price to new highs.
Solana (SOL)
Solana is among the altcoins set to benefit from an ETF drive. SOL trades at $133, a 5.82% decline today and a 19% exit this month. Despite this, the asset is known for outpacing the market in recovery, and with anticipated bullish upticks, users gear up for an increase. Users also point to higher on-chain volumes and the popular
5th Scape (5SCAPE)
5th scape is one such creative unified ecosystem that offers innovations in both augmented reality (AR) and virtual reality (VR). It aims to redesign VR and AR technologies for maximum practicality. Its goal is to convene the brightest minds in the industry. Everyone, from novices to VR experts, should be able to access VR, according to 5thscape. Furthermore, the company intends to produce AR gaming chairs and VR headsets. All of this will give 5th scape a monopoly on the market. The presale for 5th scape is almost complete. It has already raised $6,033,618. Its current price is $0.00327.
Toncoin (TON)
The high-flying crypto asset is down this week after plunging market sentiment wiped out previous gains. This year, Toncoin outperformed many altcoins soaring to a new all-time high of $8.24 in June. Although 12% below the mark, holders see potential in the momentum of its decentralized applications and play-to-earn games.
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