Why buy Dogecoin, Litecoin, and XRP in July? Looking at their recent growth

With so much growth as of recently in the world of cryptocurrencies, it can be difficult to decide on what to invest in. The latest catalyst for the industry came in the form of reports that e-commerce behemoth is reportedly preparing a deep-dive into the cryptocurrency universe. 

The increased attention in the crypto space has many investors looking at a recent surge in activity nearly across the board. In particular, Dogecoin DOGE/USD, Litecoin LTC/USD, and XRP XRP/USD have all seen a tremendous increase in trading volume as well as value.

Buying either Dogecoin, Litecoin, or XRP, or any combination of the three, is a worthwhile investment. 

Should you buy Dogecoin (DOGE)?

On July 26, Dogecoin (DOGE) had a value of $0.21.

It experienced its all-time high of $0.73 on May 8.

Looking at its performance in June as a point of reference, it saw the highest value of $0.42 on June 2, and the lowest of $0.16 on June 21. This marks a 60% decrease.

This gives us a perspective on how high DOGE has climbed, how high of a value it has reached in the past month, and how low it has the potential of falling.

At the $0.21 price point, it is a definite buy due to the fact that it has the potential to climb back to the $0.40 by the end of August at its current rate.

Should you buy Litecoin (LTC)?

On July 26, Litecoin (LETC) had a value of $137.

Litecoin had its all-time high value of $410 on May 10.

Analyzing its value throughout June, we saw its highest point on June 3 at $196, and its lowest on June 22 at $107. This marked an 83% decrease. 

This gives us a perspective at how much the token can climb in value.

When we consider its current growth, and its value of $137 into the equation, it has the potential to climb to $150 by the end of July and this makes it a worthwhile purchase.

Should you buy XRP (XRP)?

On July 26, XRP (XRP) had a value of $0.65.

XRP had its all-time high on January 7 of 2018, at a value of $3.40. This was a long time ago and it might be unrealistic to expect it to climb that high. Nevertheless, it still has a huge potential for growth in the near future.

On June 1, it saw its value at $1.09, and this fell to as low as $0.54 by June 22. This was an over 100% increase, which means that the potential for growth is here.

However, at the $0.65 price range, it is a worthwhile purchase due to the fact that, at its current growth rate of 10% per 24 hours, we could see it climb back up to $1 by the end of July.

The post Why buy Dogecoin, Litecoin, and XRP in July? Looking at their recent growth appeared first on Invezz.

Publication date: 
07/26/2021 - 17:33
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.