The crypto market looks set to start July 2023 on a bullish note amid renewed institutional investors’ interest. But can crypto whales push aside the FUD surrounding the SEC’s recent lawsuits and keep buying these three altcoins in July?
BTC has continued to dominate the charts and media headlines for the better part of June 2023. However, Blackrock’s recent Bitcoin ETF application has also improved the general sentiment within the altcoin market.
These three altcoins have attracted significant crypto whale demand in recent weeks. And quite remarkably, one of them has already delivered triple-digit gains in June. Are these the top coins to watch in July 2023?
Crypto Whales Are Still Scooping Up Bitcoin Cash (BCH)
Bitcoin Cash (BCH) price closed June 30 at $308, sending its monthly gains well above 140%. According to on-chain data, the BCH price rally may not be over yet.
The chart below shows that crypto whales holding 1 million to 10 million BCH coins have increased their holdings since June 21. Remarkably, between June 21 and June 30, they bought a whopping 170,000 BCH coins.
At the current market value of $30
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Author: Ibrahim Ajibade