We are now entering the prosperous month of August, where many crypto coins are predicted to ace new highs. As the sector widens its horizons to accommodate new coins, the old and dependable coins have also shown their progress, creating a dilemma for investors in terms of where to invest. To solve such critical woes, here are our top three coin suggestions to keep an eye on for robust August gains.

Also Read: Dogecoin Consolidates In A Descending Triangle: 200% Rally Incoming?

Solana has undoubtedly been one of the most popular cryptocurrency tokens of 2024. SOL has seen its fair share of volatility but has claimed a new price, ATH, by defeating all odds. The token has recently hit the $193 price mark, with analysts claiming that the token has a long way to go. Predictions of Solana surpass normal expectations, as several analysts hint at SOL hitting as high as $500 very soon.

According to CoinCodex, Solana may soon hit the $220 price mark by the end of August 2024.

According to our current Solana price prediction, the price of Solana is predicted to rise by 14.48% and reach $221.98 by August 28, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 74 (greed). Solana recorded 21/30 (70%) green days with 10.87% price volatility over the last 30 days.

Dubbed the second largest cryptocurrency by market cap, Ethereum has come a long way this year. The token has gained nearly 80% in the last year and is currently trading for $3,372. With the launch of Ethereum ETFs, the token is predicted to surge and claim a new price high very soon. According to Wu Blockchain, Ethereum ETFs have seen inflows amounting to $163 million. This development can significantly boost ETHs prospects and help it gain the central market spotlight.

As per CoinCodex, Ethereum will claim a new price ATH of $3,400 in August 2024.

According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 3.93% and reach $3,400.08 by August 27, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 71 (greed). Ethereum recorded 18/30 (60%) green days with 5.43% price volatility over the last 30 days.

On July 26, the total net outflow of Ethereum spot ETFs was $163 million. Grayscale Ethereum Trust ETF ETHE had a single-day outflow of $356 million, Grayscale mini ETF ETH had an inflow of $44.9426 million, and BlackRock ETF ETHA had an inflow of $87.2178 million. pic.twitter.com/8NHy8Y1eo5

A Solana-based memecoin, DogWifHat, has lately been trending and has amassed robust community support. The token has outpaced several leading coins in terms of market cap and has been climbing high on the crypto radar to tempt new users. WIF is currently sitting at $2.54, with prospects of the token claiming a new high as SOL welcomes new users to the chains.

Also Read: Shiba Inu: When Will SHIB Hit The $0.01 & $0.1 Price Mark?

According to CoinCodex, WIF can surge up to 220% to claim a new price milestone of $8 by the end of August.

According to our current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 229.52% and reach $8.36 by August 28, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 74 (greed). Dogwifhat recorded 17/30 (57%) green days with 17.65% price volatility over the last 30 days.

Giottus Investor Watch

Dogwifhat ( $WIF ) reaches new monthly high following a 40% price rally!

Solana memecoin Dogwifhat (WIF) has surged by 41.01% in the past week, re-entering the top 50 cryptocurrencies by market cap. This rise contrasts with the overall memecoin pic.twitter.com/AMAHTYakeV

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Cryptocurrency: 3 Coins To Watch Out For In August For Strong Gains - Watcher Guru

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold's editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please .

Crypto Analysts are closely watching a new contender that could potentially emulate the success of Shiba Inu (SHIB). MoonTaurus (MNTR), a fresh entrant in the crypto market, is generating significant buzz with its current presale price of just $0.005. As MoonTaurus begins to attract attention from investors and experts alike, its unique features and strategic plans suggest it may have the potential to achieve notable success similar to that of Shiba Inu.

MoonTaurus (MNTR) is emerging as a promising new token that analysts believe could follow in the footsteps of Shiba Inu (SHIB). Currently in its presale phase, MoonTaurus is available at a compelling price of $0.005 per token. As the first stage of the presale nears its end, the price is set to rise to $0.01 in the upcoming second stage.

With a total of 10 stages planned, early investment now offers a significant advantage. By purchasing MNTR tokens during the initial phase, investors can secure tokens at the lowest price and stand to benefit from an increase of up to 1300% by the time the token launches at $0.07.

For example, if an investor buys $50 worth of MNTR tokens at the current presale price of $0.005, they would receive 10,000 tokens. When the price reaches $0.07, their investment would be worth $700, yielding a substantial return on investment. This presents a compelling opportunity for those looking to capitalize on the early stages of MoonTauruss growth.

Crypto analysts are forecasting that MoonTaurus (MNTR) could reach $1 per token by 2024. This optimistic prediction is supported by several key factors:

Firstly, MoonTaurus has a capped supply of 3 billion tokens, creating scarcity and potentially increasing value as demand rises. Secondly, the project aims to achieve a $1 billion market capitalization and is planning to list on premium exchanges. Such moves will enhance liquidity and make the token more accessible to a wider range of investors.

Moreover, MoonTaurus is backed by a strong community engagement strategy and innovative marketing efforts. These factors combined are expected to drive the tokens price up, making MoonTaurus a promising investment with significant growth potential in the coming years.

The scarcity of MoonTaurus (MNTR) tokens, capped at 3 billion, is a key factor driving its potential value increase. With a fixed total supply, the project creates an inherent scarcity that ensures demand will outstrip availability as interest grows. This limitation prevents the inflationary dilution seen in other cryptocurrencies, preserving the value of each token.

The finite supply enhances exclusivity, making MNTR tokens more attractive to investors. As the project advances and the community expands, the fixed number of tokens becomes more valuable, especially for early adopters who can acquire them at a lower price. This scarcity strategy positions MoonTaurus for potential long-term appreciation and stability.

Heres how the 3 billion MoonTaurus (MNTR) tokens are allocated:

MoonTaurus is currently running a $100,000 giveaway with 10 winners. This initiative aims to boost community engagement and promote the project. To participate, individuals need to follow MoonTaurus official accounts on Twitter, Telegram, and Discord. Detailed information about the giveaway and how to enter can be found on the MoonTaurus official website.

MoonTaurus (MNTR) presents a compelling investment opportunity with its initial presale price offering substantial potential for growth. Early investors could see significant returns as the token moves from its current phase to a higher launch price. Analysts predict that MoonTaurus could achieve notable value increases by 2024, supported by its capped supply and strategic plans for exchange listings and community engagement. With an ongoing giveaway to boost visibility, now is a crucial moment to explore the potential of MoonTaurus.

Website: https://moontaurus.com/Linktree: https://linktr.ee/moontaurus

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Top Analysts Predicts the Rise of a New $0.005 Cryptocurrency to Match Shiba Inu (SHIB) Success - Finbold - Finance in Bold

Coinbasehas been fined $4.5 million by a U.K. regulator for serving high-risk customers.

The fine,announcedThursday (July 25) by theFinancial Conduct Authority(FCA), was levied against a subsidiary of the cryptocurrency exchange, CB Payments Limited (CBPL), which the FCA says repeatedly violated a requirement preventing the company from doing business with high-risk clients.

The money laundering risks associated with crypto are obvious and firms must take them seriously,Therese Chambers, joint executive director of Enforcement and Market Oversight at the FCA, said in a news release.

Firms like CBPL that enable crypto trading need to have strong financial crime controls. CBPLs controls had significant weaknesses and the FCA told it so, which is why the requirements were needed. CPBL, however, repeatedly breached those requirements.

According to the FCA, CPBL agreed not to take on new high-risk customers in 2020, after the regulator expressed concerns about the companys financial crime control network.

But despite this agreement, the FCA said, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, who made multiple crypto asset transactions through other Coinbase Group entities, totaling around $226 million.

The FCA said CBPL demonstrated a lack of due skill, care and diligence in the design, testing, implementation and monitoring of its financial controls, with repeated and material breaches going undiscovered for nearly two years.

We take the FCAs findings and our broader regulatory compliance very seriously and CBPL continues to proactively enhance its controls to ensure compliance with its regulatory obligations, Coinbase said in astatementposted to its blog.

The FCA notes that this action was taken under the U.K.s 2011 electronic money regulations, and marks the first time the regulator has taken enforcement action using these powers.

The fine comes as the need forclear regulatory frameworksremains one of the most pressing issues facing the crypto space, as PYMNTS wrote earlier this month.

Clear regulations can protect consumers, reduce fraud and encourage institutional investment, while regulatory uncertainty or overly restrictive regulations can stifle innovation and hinder technological advancements, lead to market instability and drive businesses to more crypto-friendly jurisdictions, that report said.

The report added that the U.S. Securities and Exchange Commission (SEC) and other regulatory bodies are working onframeworks for cryptocurrencies, but there is still substantial uncertainty, while EuropesMarkets in Crypto-Assets (MiCA) regulation offers a more unified regulatory approach.

Originally posted here:
Coinbase Fined $4.5 Million Over High Risk Customers - PYMNTS.com

Investing.com-- Bitcoin price slid lower on Monday, extending a deep decline from the past week as concerns over U.S. interest rates and anticipation of key inflation data kept traders largely biased towards the dollar.

Broader cryptocurrency prices were also pressured by a strong dollar, as the greenback came close to a two-month high following robust U.S. purchasing managers index data.

fell 4.9% in the past 24 hours to $61,233.4 by 08:37 ET (12:37 GMT).

The worlds largest cryptocurrency was nursing steep losses over the past week as traders grew skeptical over the timing of interest rate cuts by the Federal Reserve.

This sentiment is likely to see little signs of improvement this week, especially ahead of key data due this Friday.

The reading is the preferred inflation gauge of the Fed, and is likely to factor into the central banks outlook on interest rates in the coming months. While Fridays data is expected to show some mild cooling in inflation, the reading is still expected to remain well above the Feds 2% annual target- giving the central bank more headroom to keep rates high.

High rates bode poorly for crypto, given that they diminish the appeal of speculative, risk-driven assets such as crypto.

Major altcoins saw much deeper losses than Bitcoin, as a slew of token unlocks, dwindling institutional demand and a healthy dose of profit-taking pressured crypto prices.

Recent capital flow data showed institutional demand, especially for crypto investment products, remained centered largely around Bitcoin. But even Bitcoin was seen logging heavy outflows earlier in June.

World no.2 token dropped more than 5% to $3,320.76, hitting a one-month low as it largely consolidated gains made on hype over a spot Ether exchange-traded fund.

slipped 1.9%, while and slid 3.5% and 4.6%, respectively. Both tokens had seen some gains in recent sessions.

Among meme tokens, and fell 5.5% and 6.5%, respectively.

Defunct bitcoin exchange Mt. Gox said on Monday that it will begin distributing assets stolen from clients during a 2014 hack starting in the first week of July, a move that comes after years of moving deadlines.

Nobuaki Kobayashi, the Rehabilitation Trustee, stated on the Mt. Gox website, The Rehabilitation Trustee has been preparing to make repayments in Bitcoin and under the Rehabilitation Plan. The repayments will be made from the beginning of July 2024, adding that due diligence and safety steps are necessary before payments can proceed.

These repayments are expected to increase selling pressure on the bitcoin market. Early investors will receive assets now valued much higher than their pre-2013 entries, leading many to sell at least part of their holdings, according to traders.

Mt. Gox, once the worlds leading crypto exchange, handled over 70% of all bitcoin transactions in its early years. In early 2014, a hack resulted in the loss of approximately 740,000 bitcoin (worth $15 billion today). This was the largest of several attacks on the exchange between 2010 and 2013.

Originally posted here:
Bitcoin price today: slid to $61k amid dollar pressure, inflation jitters By Investing.com - Investing.com