• MakerDAO’s MKR, Ripple’s XRP, and Stellar’s XLM were the top three performers in July with 47 percent, 46 percent, and 35 percent price gains respectively.
• Bitcoin Cash and Litecoin recorded negative gains in July due to a “seasonal risk.”
• Solana (SOL) also recorded a growth of 25 percent in July as the US Securities and Exchange Commission is set to decide on the multiple spot Bitcoin ETF applications.
July Crypto Gainers
July 2023 was one of the best months in the first half of the year as several cryptos recorded incredible growth to regain a considerable proportion of their lost gains from a series of unfortunate crypto events.
MakerDAO’s (MKR) saw a massive gain of 47 percent in July with its near one-year high coming on July 21. This was after the introduction of the buyback program of the token. Maker still has a bullish sentiment, and has in the last seven days surged by 15 percent to trade at $1,333.46.
XRP was the second-performing asset with a surge of 46.6 percent in July. Its rally was triggered by the court ruling that the token sales on exchanges do not constitute an investment contract. Immediately after this, it nearly doubled its price to hit 93.8 cents on July 13.
Stellar’s XLM token also saw an interesting surge of 35 percent in July. XLM is currently trading at $0.149683 and has made a seven-day gain of 4 percent. Analysts believe that this performance was a result of the research paper issued by the Stellar Foundation to explain its off-ramps.
Solana Saw Growth While BCH, LTC, and Other Cryptos Performed Poorly These named assets were followed by Solana (SOL) which recorded a growth of 25 percent in July. The asset has lost some