So you're interested to know what the hottest cryptocurrency was last month and where it's headed next? No surprise there, the crypto market has been on a bumpy ride this year and everyone wants to catch the  up and down wave at the right time. Last month, the crypto that saw the biggest gains was Bitcoin Cash. In June, BCH price shot up over 150% and it solidified its spot as one of the top 15 cryptocurrencies by market cap. Now the question is, does BCH have more room to run this month or is it due for a pullback? I have analyzed the charts and market sentiment to determine if BCH can continue its epic rise in July or if investors should look elsewhere for big gains this month. Read on to my articles to find out my bullish or bearish prediction. The crypto rollercoaster is hitting full speed, are you ready to take the ride?

Bitcoin: King of Cryptocurrency and One of the Best Performer of June

Bitcoin was on fire in June, breaking $30K for the second time this year and finishing up over 15% for the month. If you own Bitcoin, you had a good month. If you don't, you might want to consider adding some to your portfolio.

Bitcoin is the original cryptocurrency and still the biggest and most dominant player in the space. It makes up about 50% of the total crypto market value. When Bitcoin rises, it lifts the whole crypto market. When it drops, it drags the market down with it. -

In June, Bitcoin's price rose for a few reasons:

1. More mainstream adoption. Companies like MicroStrategy and Square announced more Bitcoin purchases. BlackRock and Fidelity investments applied for Bitcoin Spot ETFs allowing customers to buy and sell Bitcoin. (Read My Article about BlackRock ETF application) All of this mainstream support gives Bitcoin more legitimacy and stability.

2. Limited supply. Only 21 million Bitcoin can ever be created. As more people buy and hold Bitcoin, the supply dwindles which naturally drives the price up. Most importantly we are nearing the next halving in may 2024.

3. Investor interest. Both institutional and retail investors have been pouring money into Bitcoin anticipating future price gains. This additional demand also pushes the price higher.

If these factors continue into July, Bitcoin could test $50K and beyond. However, volatility is high, so a drop back to $25K is also possible. If you believe in the long-term potential, any price under $50K could be an opportunity to buy the dip. The king of crypto still looks poised to reign for the foreseeable future.

Ethereum: July Outlook Bullish After Solid June

After a solid performance in June, Ethereum is poised for more gains this month. ETH, the second largest cryptocurrency, first went downwards to $1650 and the rose over 15% to $1900 in June thanks to several factors:

• Increased mainstream interest in crypto and DeFi (decentralized finance). Ethereum powers many DeFi apps, so more people discovering DeFi means more demand for ETH.

• Anticipation of ETH 2.0 upgrade. The move to a proof-of-stake model, set to launch later this year, will make Ethereum more scalable and sustainable. Investors want to get in ahead of the change.

• Growing institutional investment. Big players like pension funds and endowments are allocating a portion of funds to crypto, and Ethereum is a major beneficiary.

• Surge in NFT popularity. Non-fungible tokens or NFTs, which are often built on the Ethereum blockchain, exploded onto the scene this year. The hype around NFTs has brought new users and speculators to Ethereum.

With momentum on its side, Ethereum seems poised to continue climbing this month. However, there are risks to consider: regulatory concerns, competition from rival blockchains, potential delays in the ETH 2.0 rollout, and the ever-present volatility of the crypto market.

Overall though, if mainstream interest in crypto and Ethereum’s fundamentals hold strong, July could prove to be another fruitful month for ETH holders. The future remains uncertain but bullish, so keep an eye on Ethereum!

Dogecoin: Meme Coin Mania Returns in July?

The Doge is Back

If you were around in the early 2010s, you may remember Dogecoin and the ‘much meme, so crypto’ craze it inspired. Believe it or not, the meme coin is making a comeback. Dogecoin saw massive gains in June 2021, increasing over 500% in value at its peak. What’s fueling the renewal of interest in this joke currency? A few factors are at play:

• Nostalgia for the early days of crypto. Dogecoin represents a more lighthearted, fun era of cryptocurrency that some long-time crypto fans miss.

• Low cost of entry. At under 10 cents per coin, Dogecoin seems affordable and accessible to new crypto investors. They can own thousands of coins for very little money.

• Celebrity hype. Elon Musk has been tweeting about Dogecoin again, leading to spikes in interest and value. His influence over crypto markets remains strong.

• Speculation. Some investors believe that if Dogecoin regained even a fraction of its old popularity, the value could skyrocket again. They're buying in now hoping to turn a big profit if interest returns.

Will the Doge have its day again in July 2023? A lot will depend on whether the nostalgia factor fades, Musk stops tweeting about it, or another meme coin takes its place. However, its low cost and availability on major exchanges like Coinbase and Binance make it easy to buy and sell. For that reason alone, this meme coin may continue to experience small rallies and spikes in interest, even if it never fully recaptures its former glory. The power of memes, hype, and nostalgia should never be underestimated in crypto.

Conclusion

And there you have it, the best cryptocurrency to buy in June 2023 and a prediction for July. While the markets are unpredictable, this coin is poised for continued growth if the development team delivers on their promises and more partnerships are announced. The fear of missing out is real, especially when a coin is rallying, but do your own research and never invest more than you can afford to lose. Cryptocurrency is volatile, but the rewards can be life-changing if you get in at the right time. Maybe this coin is your chance to do just that. If not, keep hunting - your moonshot is out there somewhere. The world of crypto never sleeps, so keep reading, learning, and one day you might just find that 100x gem. Good luck!

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