Top Crypto Picks for July 3 Cardano Pyth Tron

Top Cryptocurrencies to Consider Buying Now on July 3 – Cardano, Pyth, Tron


By Jimmy Aki
Updated:
July 3, 2024, 16:03 EDT
|
4 min read


Best Crypto to Buy Now July 3 – Cardano, Pyth, Tron / Source: Cryptonews
Entering the latter half of 2024, the cryptocurrency market showcases a dynamic and evolving landscape.
While technical analyses hint at potential growth, current signals from market leaders Bitcoin (BTC) and Ethereum (ETH) suggest a more cautious outlook.
Bitcoin
is presently trading at $60,509, marking a 3.95% decline over the past 24 hours, signaling bearish sentiment and notable resistance ahead.
Ethereum
also saw a drop of 4.23% in the same period, reflecting a similar bearish trend according to data from CryptoNews.
Despite these bearish signals, experts remain optimistic about the market’s long-term trajectory. More insights can be found in our
Bitcoin price prediction
.
Some analysts argue that Bitcoin’s technical indicators already point towards a strong overall bullish trend. BTC maintains levels above crucial moving averages and sees heightened trading volumes during price upswings.
Certain market observers believe Bitcoin must surpass its current resistance levels and previous all-time high (ATH) to achieve new peaks.
Meanwhile, investors are increasingly exploring opportunities beyond Bitcoin and Ethereum, searching for alternative cryptocurrencies that could capitalize on these blue-chip assets’ current challenges.
Here are some of the top cryptocurrencies to consider buying now, poised for growth in the current market environment.
Cardano ($ADA)
Cardano ($ADA) serves as the native cryptocurrency of the Cardano blockchain and stands out as one of the most promising cryptocurrencies to invest in currently. It operates on a third-generation proof-of-stake (PoS) platform designed for enhanced efficiency and scalability compared to its predecessors.
Developed by a team of academics and engineers, Cardano aims to establish a sustainable, scalable, and transparent blockchain infrastructure for executing smart contracts and decentralized applications.
Driven by utility, $ADA presents an appealing investment opportunity. As of the latest data, $ADA trades at $0.4063, slightly below this morning’s peak of $0.4172,
as reported by CoinMarketCap
.
Despite a 4.54% increase in the past week, $ADA remains 86.66% below its peak of $3.10 achieved in 2021.


$ADA has recorded a 0.84% decrease in the last 24 hours
Cardano has significantly matured as a blockchain platform. In Europe, the
Cardano Foundation partnered with the Crypto Carbon Ratings Institute (CCRI)
to introduce a set of sustainability metrics in line with the EU’s MiCA regulations.
Analyzing recent performance,
data from Coinalyze
indicates growing enthusiasm among Cardano investors. The open interest (OI) in $ADA, reflecting active market contracts, rose by 3.6% within 24 hours.
Another positive indicator in Cardano’s recent price movements is the percentage of long positions, with 70% of investors holding long positions compared to only 30% in short positions. For more insights into $ADA’s price trends, refer to our
Cardano price prediction
guide.
Pyth ($PYTH)
Pyth ($PYTH) serves as the native token of the Pyth Network, an oracle solution built on the Solana blockchain. The Pyth Network emerged from an incubator program led by Jump Crypto to serve as a highly accurate and efficient oracle for providing cryptocurrency price data to DeFi protocols.
$PYTH reached a peak of $0.3394 today, currently experiencing a 4.3% decrease and trading at $0.313. With a market cap of $1.13 billion, interest in oracle solutions continues to grow.


$PYTH has seen a 4.3% decline in the last 24 hours. Source: TradingView/PYTH
Technical indicators, including the 14-day Relative Strength Index (RSI) now at 42.53, up from 37.99, suggest a shift from bearish to neutral market sentiment.


$PYTH RSI stands at 42.53. Source: TradingView
This indicates potential for further price increases as the DeFi ecosystem expands and demand for reliable oracle services rises.
Recent developments, such as
collaborations with major financial data providers
and integration with diverse DeFi protocols, further bolster $PYTH’s value proposition. Consequently, PYTH emerges as a top cryptocurrency to consider purchasing at present.
Tron ($TRX)
Tron ($TRX)
functions as the native cryptocurrency of the Tron network, a blockchain platform focused on building a decentralized digital content entertainment system using distributed storage technology.
Founded by Justin Sun, Tron has positioned itself prominently in the Web3 space.
$TRX is currently trading at $0.128, reflecting a 0.34% increase over the past 24 hours.


$TRX has risen by 0.34% in the last 24 hours. Source: TradingView/TRON
Although below its peak of $0.3 reached in January 2018, the token maintains a robust market presence with a 24-hour trading volume of $308 million and a market cap of $11.18 billion.
Tron’s ecosystem has expanded significantly, hosting various dApps, DeFi protocols, and its stablecoin, USDD. Hence, it presents a compelling case as a top cryptocurrency to purchase currently.
As demand escalates for scalable blockchain solutions in content creation and distribution, $TRX stands out as an attractive investment opportunity for those eyeing the future of decentralized digital entertainment.
Unlocking the Potential of Presale
The crypto market offers opportunities where a modest $20 investment can potentially yield up to $1,000 with a strategic trading approach. Altcoins have historically delivered substantial returns, sometimes exceeding 100X.
However, their price surges often prove short-lived due to limited utility, hindering sustainable growth.
With an extensive array of over a hundred thousand crypto assets available, identifying optimal investment choices remains a challenge for traders. Analysts at CryptoNews have diligently pinpointed and assessed the top presales with robust use cases and growth potential.
Discover the
15 Best Crypto Presales to Invest In
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Disclaimer: Cryptocurrency represents a high-risk asset class. This article is intended for informational purposes and does not constitute financial advice. Investment in cryptocurrencies carries the risk of losing all capital.