finbold.com
Amid an exceptionally bearish week for the majority of assets in the cryptocurrency market, crypto traders and investors are increasingly looking at the next week for any potential cryptocurrencies that could turn the tide and make a relatively substantial profit for them.
As it turns out, there are a few digital assets that could be just the thing they’re looking for, possibly increasing their price 10-fold next week and allowing their holders to turn a very tiny $10 investment into $100 in a single week, provided that the sentiment is positive.
#1 XRP (XRP)
Specifically, one of these assets is XRP (XRP), which crypto expert Egrag Crypto has recently suggested could soon rally past the $6 mark if it breaks out of what he considers a “natural” consolidation zone below $0.50, as Finbold reported on July 1.
Presently, XRP is trading at the price of $0.483, which reflects a decline of 0.61% on the day, a 2.37% gain across the week, and a 7.17% drop over the past month, according to the most recent chart information retrieved by Finbold on July 3.
#2 Render (RNDR)
Meanwhile, one of the benefactors of the progress in the field of artificial intelligence (AI) technology is Render (RNDR) or the so-called ‘Nvidia of crypto,’ which has recently flashed a buy signal, and has enough potential to continue growing in price in the coming days and weeks.
At the moment, however, the price of Render stands at $7.20, indicating a loss of 5.82% over the course of today, as well as dipping 4.62% this week, as its chart demonstrates an accumulated decline of 27.96%, as per the most recent crypto price data.
#3 Bitcoin (BTC)
Although its charts do not look very friendly at the moment, Bitcoin (BTC) has historically demonstrated strength in July, particularly when preceded by a bearish June, which suggests the same could happen this time around for the flagship decentralized finance (DeFi) asset.
For the time being, however, the maiden crypto is changing hands at the price of $60,270, down 3.52% in the last 24 hours, 1.87% across the previous seven days, and accumulating a loss of 12.62% on its monthly chart, according to the latest data.
#4 Cardano (ADA)
Finally, Cardano (ADA) might be preparing for a price breakout in the growing anticipation of the massive update called Chang hard fork, after a falling wedge has formed on its recent daily chart, according to the observations of prominent crypto trading analyst Captain Faibik.
In terms of its present price, ADA is momentarily trading at $0.407, which represents a daily decline of 1.40% in line with the rest of the market, whereas, on its weekly chart, it is moving in the other direction, gaining 4.72%, while still holding onto the 10.28% dip in the last month.
Conclusion
Ultimately, the above cryptocurrencies have a solid foundations to grow their price 10 times in the next week, and turn an investment of a mere $10 into $100, but it is important to keep in mind that things in the crypto market can change on whim, so doing one’s own research is critical.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.