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