As the crypto market retraced modestly in late July, shedding roughly 5% in total market cap, investors were left wondering: is this a signal of deeper correction—or merely a bullish pause before the next leg up?
According to analysts across leading funds and research firms, the recent dip may be healthy consolidation—and several assets continue to show strong structural momentum, even as prices pull back.
Here are four cryptocurrencies still demonstrating resilience and upside potential:
1. Bitcoin (BTC): Strong Hands, Strong Signals
Despite falling from $131,000 to $115,000, Bitcoin’s long-term holder supply reached an all-time high, with over 70% of BTC unmoved in over 12 months. Derivatives data shows rising open interest and neutral funding rates—suggesting professional positioning, not panic.
“If this is a pullback, it’s one with strong underpinnings,” said Felix Grayson, portfolio manager at Helix Funds.
2. Ethereum (ETH): ETF Flows and Ecosystem Growth
Ethereum continues to benefit from spot ETF inflows and Layer 2 expansion. Gas fees remain low, and total value locked (TVL) on Ethereum-based chains has grown by 9% in July alone.
“ETH’s on-chain activity is diverging from price,” said Melinda Zhou, research lead at TitanAlpha. “That’s usually a leading indicator.”
3. Chainlink (LINK): Real-World Integration Boom
LINK is quietly gaining institutional traction. The token surged 14% month-to-date on the back of Oracle partnerships with global banks exploring tokenized bonds and CBDCs.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is also seeing adoption by multiple Layer 1s, strengthening its role as the data layer of Web3.
4. StarkNet (STRK): Layer 2 With Institutional Backing
A newer entrant, StarkNet, is positioning itself as the “ZK-powered” Ethereum scalability solution of choice. With backers like Sequoia and Paradigm, and growing traction among DeFi protocols, STRK has outperformed peers in July with a 27% gain.
“The zero-knowledge narrative is just beginning,” noted Zhou. “StarkNet could lead the next phase of Layer 2 expansion.”
Conclusion
Not all dips are created equal. While short-term price action may test investor nerves, fundamentals across major Layer 1 and Layer 2 networks remain robust and improving. For seasoned investors, these moments offer not panic—but perspective.
As capital returns and development accelerates, expect these four projects to remain at the forefront of the next bullish wave.
According to analysts across leading funds and research firms, the recent dip may be healthy consolidation—and several assets continue to show strong structural momentum, even as prices pull back.
Here are four cryptocurrencies still demonstrating resilience and upside potential:
1. Bitcoin (BTC): Strong Hands, Strong Signals
Despite falling from $131,000 to $115,000, Bitcoin’s long-term holder supply reached an all-time high, with over 70% of BTC unmoved in over 12 months. Derivatives data shows rising open interest and neutral funding rates—suggesting professional positioning, not panic.
“If this is a pullback, it’s one with strong underpinnings,” said Felix Grayson, portfolio manager at Helix Funds.
2. Ethereum (ETH): ETF Flows and Ecosystem Growth
Ethereum continues to benefit from spot ETF inflows and Layer 2 expansion. Gas fees remain low, and total value locked (TVL) on Ethereum-based chains has grown by 9% in July alone.
“ETH’s on-chain activity is diverging from price,” said Melinda Zhou, research lead at TitanAlpha. “That’s usually a leading indicator.”
3. Chainlink (LINK): Real-World Integration Boom
LINK is quietly gaining institutional traction. The token surged 14% month-to-date on the back of Oracle partnerships with global banks exploring tokenized bonds and CBDCs.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is also seeing adoption by multiple Layer 1s, strengthening its role as the data layer of Web3.
4. StarkNet (STRK): Layer 2 With Institutional Backing
A newer entrant, StarkNet, is positioning itself as the “ZK-powered” Ethereum scalability solution of choice. With backers like Sequoia and Paradigm, and growing traction among DeFi protocols, STRK has outperformed peers in July with a 27% gain.
“The zero-knowledge narrative is just beginning,” noted Zhou. “StarkNet could lead the next phase of Layer 2 expansion.”
Conclusion
Not all dips are created equal. While short-term price action may test investor nerves, fundamentals across major Layer 1 and Layer 2 networks remain robust and improving. For seasoned investors, these moments offer not panic—but perspective.
As capital returns and development accelerates, expect these four projects to remain at the forefront of the next bullish wave.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.