The month of July 2021 was a recovery period and revaluation of cryptocurrencies, especially after the corrections they had during May and June. Although in the first week of July a similar behavior to the two previous months could be evidenced in the market cap of the crypto ecosystem, a change in this trend could be evidenced from the 20th, where cryptocurrencies began an upward direction to be able to close the month of July positively (concerning the beginning of the month). Next, we will summarize the leading indicators of Bitcoin, Ethereum, and Dash for July 2021: prices and market capitalization.
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Bitcoin price July 2021
July 1 US $ 34,331
July 31 US $ 42,502
Bitcoin price July 2021. Source: coinmarketcap.com
Bitcoin market capitalization July 2021
July 1 US $ 643,561,504,579
July 31 US $ 797,896,977,095
Bitcoin market capitalization July 2021. Source: coinmarketcap.com
Bitcoin analysis July 2021
During July, there was a total increase in the price and market capitalization of Bitcoin of +23.80% and +23.98%, respectively; three outstanding stages can be seen during the month, the first stage occurred in the first days (from July 1st to 12th), where slight fluctuations can be appreciated but that maintain the initial average price, then came a second stage, where a slight decrease can be seen, which occurred from July 13th to 20th, to then move on to a third stage, from July 21st to the end of the month, where a marked increase can be seen (reaching its peak on the 31st). As we can see, the outlook for the price of Bitcoin in July (+23.80%) was very positive, especially if we compare it with its previous value in June (-6.75%), and slightly favorable if we compare it with the July prices of Ethereum (+18.47%) and Dash (+21.58%).
Ethereum price July 2021
July 1 US $ 2,209
July 31 US $ 2,617
Ethereum price July 2021. Source: coinmarketcap.com
Ethereum market capitalization July 2021
July 1 US $ 257,371,510,052
July 31 US $ 306,015,008,607
Ethereum market capitalization July 2021. Source: coinmarketcap.com
Ethereum analysis July 2021
During July, there was a total increase in the price and market capitalization of Ethereum by +18.47% and +18.90%, respectively; three outstanding stages can be seen during the month, the first stage occurred in the first days (of the July 1st to 8) where specific oscillations can be appreciated but maintaining the average initial price. A second stage began on July 9th, where a decrease in the price could be observed until the 20th (being its lowest point), while from July 21st to the end of the month (third stage), a marked increase could be seen, reaching its peak on July 31st. It is important to note that the outlook for the Ethereum price in July (+18.47%) was very positive if we compare it with its previous value in June (-17.15%), but slightly “less favorable” if we compare it with the July prices of Bitcoin (+23.80%) and Dash (+21.58%).
Dash price July 2021
July 1 US $ 139
July 30 US $ 169
Dash price July 2021. Source: coinmarketcap.com
Dash market capitalization July 2021
July 1 US $ 1,426,534,299
June 31 US $ 1,741,240,154
Dash market capitalization July 2021. Source: coinmarketcap.com
Dash Analysis July 2021
During July, there was a total increase in the price and market capitalization of Dash by +21.58% and + 22.06%, respectively; three outstanding stages can be seen during the month, the first stage occurred from July 1st to 19, where there was a gradual decline with slight oscillations, reaching its lowest point on the 19th, then came a brief “volatile” stage (between July 20, 21 and 22), where the price increased considerably, to descend again immediately and later rise again in a short period, then came a third stage, which was from July 23rd to 31, which was characterized by constant growth with marked oscillations, reaching its maximum point July 31st. It is important to note that the outlook for Dash’s price in July (+21.58%) was very positive, especially if we compare it with its previous value in July (-28.87%), and slightly favorable with Ethereum’s July price (+18.47%), but slightly “less favorable” when compared to Bitcoin’s July price (+23.80%).
What do you think about this data? What is your preferred cryptocurrency?
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