Be[In]Crypto looks at seven altcoins that show promise for the month of July and the developments surrounding their respective projects.
Origin Protocol (OGN)
- Current Price: $0.25
- Market Cap: $97 Million
- Market Cap Rank: #187
Origin protocol is a Web3 protocol that aims to bring non-fungible tokens (NFTs) and decentralized finance (DeFi) to the majority of the population.
It offers the Origin NFT Marketplace, whose goal is to become the leading NFT marketplace based on sales. Additionally, it offers the Origin Dollar (OUSD), and algorithmic stablecoin. Its native token is OGN
Origin protocol will initiate an airdrop for the Origin Dollar Governance (OGV) on July 12, in which holders of OGN will be rewarded with OGV. The snapshot for the airdrop will be taken randomly from July 5 to 12.
OGN has been decreasing underneath a descending resistance line since March 20. The line has caused numerous rejections, most recently on June 28.
A potential breakout from the line would take the price to the closest resistance at $0.42.
Ethereum (ETH)
- Current Price: $1,067
- Market Cap: $129 Billion
- Market Cap Rank: #2
Ethereum is the second largest cryptocurrency by market capitalization. It allows users to build decentralized applications (dApps) on its blockchain. Additionally, it facilitates smart contracts and allows for NFT transactions. Its native token is ETH
The Ethereum Community Conference (ETHCC) will be held between July 19 and 21. It is the largest annual European Ethereum event that is focused on technology and community.
As for its price movement, ETH has bounced at the 0.618 Fib retracement support level at $1,033. It has created its first higher low since June 18.
Tezos (XTZ)
- Current Price: $1.36
- Market Cap: $1.22 Billion
- Market Cap Rank: #38
Tezos is a proof-of-stake (PoS) blockchain network that offers smart contract functionality, similarly to Ethereum. Furthermore, the blockchain facilitates building of dApps. Its native cryptocurrency is XTZ.
The TezDev…
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