- Cryptobusy host highlights ICP, CFX, ADA, and MATIC as crypto tokens to buy in July 2023.
- Tom believes developments in Hong Kong will support Conflux’s growth in the future.
- The analyst notes that Cardano and Polygon are projects for the long term.
Crypto analyst Tom who hosts the crypto YouTube channel, Cryptobusy, has highlighted Internet Computer token (ICP), Conflux (CFX), Cardano (ADA), and Polygon (MATIC) as the crypto tokens to buy in July 2023. In a video uploaded on YouTube, Tom explained his reasons for choosing these coins for potential gains.
Internet Computer Protocol (ICP)
The ICP is a cryptocurrency that allows users to create web-based services, including apps and websites in a decentralized manner. According to Tom, ICP’s potential lies in the many developments happening in the background. He notes that the protocol is all about a radical rethink of the blockchain design and becoming Internet 2.0. Tom believes the ICT token is presently undervalued because of what is happening in crypto but would eventually pick up to deliver profitable returns in July.
Conflux (CFX)
Conflux is a Layer 1 blockchain protocol that offers the benefits of a private blockchain through a hybrid format. Tom described it as a Chinese-originated public layer 1 blockchain meant to power decentralized applications in e-commerce and provide support in Web3 infrastructure. Tom notes that Conflux separates itself from the pack with the problems it tries to solve in the local region. He believes the project will experience significant adoption via the crypto-friendly developments happening in Hong Kong and surrounding regions.
Cardano (ADA)
Tom believes Cardano is a solid blockchain project from an overall perspective. According to him, it is a project that will stick around for the long term. However, it has suffered a few setbacks from the general crypto market struggles. Tom notes that Cardano delayed some bull signals because of the daily wallet surge, making it a coin worthy of close attention in the coming weeks.
Polygon (MATIC)
Tom predicts a potential recovery for Polygon that could lead to a 40% bounce from its recent low. He confirms it as another project that would be around for the long term and one that is worthy of waiting for.
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