Should you invest in Chainlink, Polygon, and Solana in July? Analyzing if this is an industry shift

By: Milko Trajcevski
Milko Trajcevski
Milko leverages his passion for cryptocurrencies and teaches investors something new each day. During his spare time, he loves… read more.
on Jul 26, 2021
  • Chainlink has seen an increase in trading volume by 100% in the last 24 hours.
  • Polygon has seen an increase in value of 17% in the last 24 hours.
  • Solana’s market cap has grown by 11% in the last 24 hours.

Chainlink LINK/USD enables universally connected smart contracts, Polygon MATIC/USD is a platform built for Ethereum scaling and infrastructure development, and Solana SOL/USD is a project that banks on blockchain technology’s permissionless functionalities for decentralized finance (DeFi) solutions. 

Each of these projects has seen massive growth recently in terms of value as well as the circulating supply of their tokens.

Should you invest in Chainlink (LINK)?

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On July 26, Chainlink (LINK) had a value of $18.92.

Chainlink saw its all-time high value of $52.70 on May 10.

To get a perspective of its potential growth, we will be going over its historic value in June.

One of the highest points it had was on June 3, where it held a value of $32.33. The lowest point was on June 22 where it dropped to $16.03. We now have a perspective of its highest value point, its recent highest value, and its lowest price point.

At $18.92, it might be a worthwhile investment given its recent increase in trading volume, and it has the potential to reach $22 by the end of July.

Should you invest in Polygon (MATIC)?

On July 26, Polygon (MATIC) had a value of $1.07.

Polygon saw its all-time high value of $2.62 on May 18.

On June 1, it started off strong with a value of $1.84, however, on June 22 it dropped to $1.04, a value similar to the one in July.

However, given its recent price growth of 17% in the last 24 hours, as well as its 100% increase in trading volume, we can expect its value to increase to $1.50 by the end of August at this rate, which makes it a worthwhile investment. 

Should you invest in Solana (SOL)?

On July 26, Solana (SOL) had a value of $30.31.

Solana saw its all-time high value of $58.03 on May 18.

On June 7, it had a value of $43.96. Later on, on July 22, it fell to $22.18 in value.

However, in the last 24 hours, it has raised its value by 12% and has an increase in trading volume by 114%, which indicates massive activity, and as a result, we could see its value increase to $35 by the end of August. This makes it a worthwhile investment.

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