Top Cryptocurrencies to Purchase Now on July 2 Beam Toncoin Jupiter

Top Cryptocurrencies for Investment on July 2 – Beam, Toncoin, Jupiter


By Jimmy Aki
Last updated: July 2, 2024, 13:22 EDT
|
Reading Time: 6 minutes


Prime Cryptocurrencies to Acquire Today, July 2 – Beam, Toncoin, Jupiter / Image Source: Cryptonews
There is a noticeable positive shift in the cryptocurrency market following a period of bearish sentiment, sparking cautious hope among investors.
Based on data from CoinMarketCap,
Bitcoin (BTC) is showing signs of recovery
with a nearly 1% increase in value over the last 24 hours.
The upward trend in Bitcoin’s price has also influenced altcoins like Solana (2.44%),
Ripple (1.28%),
and Cardano (4.35%). On the flip side,
Ethereum (-0.55%) is struggling around $3,400
.
Several pivotal events are on the horizon which could impact the cryptocurrency market. A notable one is the job report from the Bureau of Labor Statistics.
As per the report, job openings surged to 8.14 million in May, indicating ongoing strength in the labor market.
Additionally, the estimated number of hires rose from 5.62 to 5.76 million, showcasing a growing demand for labor. However, layoffs and separations also saw a slight increase from 1.54 million to 1.65 million in May.
Further economic indicators such as the US ADP Employment Report, US Jobless Claims, the US ISM Services PMI, and the FOMC Meeting Minutes,
are scheduled for release on July 3
.
Positive employment and PMI data may enhance economic resilience, attracting investors towards risk assets like cryptocurrencies. Conversely, any economic downturn or hawkish signals from the Federal Reserve could dampen investor sentiment.
Despite the broader market dynamics, certain individual cryptocurrencies have exhibited notable performances, registering solid gains and garnering attention from traders seeking the most lucrative options for investment.
This overview presents the top cryptocurrencies to invest in for investors looking to capitalize on the current market conditions.
Beam ($BEAM)
$BEAM is the native token of the Beam network and could potentially be among the top cryptocurrencies to acquire now.
Fueled by the Merit Circle DAO, the token aims to revolutionize the gaming sector.
Fundamentally, the Beam SDK offers game developers a versatile platform to seamlessly incorporate blockchain features into their games.
Transactions within the Beam ecosystem necessitate
$BEAM tokens
as the primary medium for asset transfers and engagement with smart contracts.
This mechanism ensures smooth and effective operations across the network, contributing to a unified and immersive gaming experience for users.
The utility-focused nature of $BEAM positions it as an enticing investment opportunity. Currently, the $BEAM token is trading at $0.01863.
According to CoinMarketCap,
$BEAM has recently observed a 10.36% surge in value, though it remains below its all-time peak of $0.044, attained on March 10, 2024.
Nevertheless, the token boasts a robust 24-hour trading volume of $37.6 million and possesses a market capitalization of $49 billion, indicating strong liquidity and market interest.
A scrutiny of its recent performance reveals that $BEAM’s relative strength index (RSI) stands at 47.11. This signifies a noteworthy increase from 31.88, pointing towards a balanced market sentiment.
Such indications hint at potential growth as market conditions stabilize and investor confidence strengthens.


$BEAM RSI of 47.07 signals a gradual shift towards a bullish trend.
Source: TradingView /
BEAMUSD
In a realm marked by advancements in Web3 and gaming technology, $BEAM emerges as a promising option for investors seeking substantial returns in the evolving cryptocurrency landscape.
Ton Coin ($TON)
TON Coin ($TON) functions as the primary cryptocurrency of The Open Network (TON), a blockchain platform originally developed by Telegram.
Despite encountering regulatory hurdles that delayed its launch, $TON is engineered to facilitate decentralized applications (dApps) and smart contracts within its ecosystem.
Operating on a Proof-of-Stake (PoS) consensus mechanism, $TON guarantees efficient and secure transactions while aiming for scalability to support various applications.
The TON Foundation envisions empowering 500 million users by 2028 through a Web3 ecosystem integrated into Telegram Messenger.
This ecosystem is designed to grant users ownership and control over their digital identities, data privacy, and digital assets, fostering a decentralized and user-centric online experience.
At $8.02, the current trading price, $TON has displayed bullish indications.
According to CoinMarketCap,
$TON has surged by 5.10% and boasts a substantial trading volume of $242.7 million in the past 24 hours.


$TON has recorded a 5.10% increase over the last 24 hours.
Source: CoinMarketCap /
TONCOIN
With a market capitalization of $19.7 billion, the token showcases strong liquidity and market interest.
Technical metrics like the
Relative Strength Index (RSI)
, edging towards overbought levels at 63.38 from 55.29, suggest growing investor confidence and a potential for further price appreciation.


$TON RSI is approaching the overbought territory at 70.
Source: TradingView /
TONUSD
While the fundamentals, price analysis, and technical indicators of $TON signal an imminent bullish trajectory, specific catalysts reinforce its position as one of the prime cryptocurrencies to acquire now for both short—and long-term investors.
Not