This is not what I usually post about but I am supercharged right now as I have made good profits in the past couple of months trading crypto. I was the type of person who believed in investing rather than trading but trading is really exciting especially if it pays of.
Now, I am not saying that investing is bad but I figured that it will take a lot of time for my thousands of dollars to turn into millions if I keep my coins in my wallet and never touch them. But we know crypto is risky, I decided to take a little more risk and trade.
I am not an expert when it comes to reading crypto charts and predicting the price movements. I don't think that works, maybe, it does but I am not really convinced of that. I have traded Cardano, Kyber, Ren, Bancor, and Nuls in the past two months and my investments have almost more than doubled.
The reason why I traded in these coins is that each one of them had some event coming in the near future. The most important fact to know here is that most of them are DeFi coins and everyone knows the craze behind DeFi is huge these days and maybe, that's why these trades were successful. I am still holding Cardano and Nuls and I am planning to exit before their respective events.
So, let's look into two coins that could give good returns in July :
Augur (REP)
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Based on these trades I mentioned above, I decided to buy some Augur which is trading around $19 at the time of writing this. The V2 of Augur is going to be launched on Ethereum mainnet on the 28th of July. Augur is a DeFi coin and the event is also coming, so it can give good returns.
iExec (RLC)
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This is another coin that could do well well in July. It has an event coming in this month where they are going to launch V5 mainnet. Although the exact date hasn't been announced, according to them, it will be in July.
So, these are the two coins I am keeping an eye on for this month. But I always trade with a tight stop loss. You never know, if BTC starts moving upwards or downwards, the alts take a huge hit.
Do let me know your thoughts on these picks.
This is not financial advice. Do your own research before investing. This is my opinion and it is meant for information purposes only.
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