Cryptocurrency With the data from the USA and the possibility of recession in the market, on Ethereum (ETH) The approach of the Merge event is creating a positive atmosphere.
Most cryptocurrencies are up from the beginning of July. Here are the top 20 cryptocurrencies that rose the most in July.
Ethereum Classic Gained 171 percent This Month, Leading the Cryptocurrency Market
The highest-valued altcoin in July, which has gained 171% since the beginning of the month Ethereum Classic (ETC) it happened.
The most important reason for the rise of ETC was that after a short time, Ethereum’s Proof of Stake system would switch to ETH miners to be wasted.
It is thought that these miners can make their machines ready for ETC mining with minor changes.
ETC will continue to use the Proof of Work system.
The second highest rising altcoin of July is Polygon (MATIC) it happened.
MATIC has gained approximately 102.8 percent since the beginning of the month.
The recent establishment of some sort of partnership with Disney was instrumental in MATIC’s rise. However, as a recent development, MATIC had cooperated with the Southeast Asian branch of Mercedes-Benz.
Other altcoins in the top ten, respectively, with an increase of 102.4%. Quant (QNT), with 80% increase UniSwap (UNI), with a 68% rise Aave (AAVE), with 64% increase BitDAO (BIT), with an increase of 61% Lido Staked Ether (stETH), with an increase of 59% Ethereum (ETH), with 55% increase Internet Computer (ICP) and finally with an increase of 54% Filecoin (FIL) it happened.
However, the biggest altcoin that lost the most value in July is UNUS SED LEO (LEO) it happened. LEO has dropped 11.2% in the last month.
*Not investment advice.