The month of August is quite speculative with the first half witnessing profuse resurfacing on a solid standard for most cryptocurrencies. Despite the tragic market crash, it’s only in the month of August 2021, that the entire industry witnessed a concrete uplift in the market overall. However, many analysts predict that the market will have a minor dip during this week. Furthermore, by the end of August, it’s predicted that the whole market will rise up profusely, with many hot gainers too.
In spite of this, the top 3 altcoins one should invest in immediately to witness ravishing outcomes and spikes by the end of the month are as follows.
Avalanche (AVAX)
The Avalanche (AVAX) has been one of the most promising altcoins in recent times. The Avalanche is considered to be one of the fastest platforms for enabling smart contracts upon blockchain technology.
AVAX is the native token for Avalanche. This also is the complete in-house payment for getting all sorts of services enabled upon its blockchain technology smart contracts. Moreover, all sorts of transactions on the Avalanche platform are basically through AVAX payments.
Despite being launched recently, not even a year ago upon the mainnet, AVAX is now up by 10.99% and still rising in the 24 hours. Also, the current price of AVAX stands at about $28.98.
Furthermore, the all-time high of AVAX was about $59.96 by the month of February. Quite astonishing as it initially started off from just $10. Therefore, it is predicted that by the end of August the same cycle will appear for AVAX surpassing its previous ATH, specifically for in-day trading.
Cardano (ADA)
The Cardano (ADA) always remains one of the most favorites for many profuse crypto investors. Also, this is in line next to the AVAX, as the best altcoin to invest this month, seeking reaps by the same month-end.
The Cardano is a proof-staking platform moreover a completely public blockchain-based platform. Also, it’s both an open-sourced platform as well as a decentralized network at the same time. It was launched during the year 2015 by one of the Ethereum co-founders, Charles Hoskinson. ADA is the native token for Cardano and it now stands 4th in the line of the cryptocurrency rankings based on market cap.
As per the charts and graphs, ADA came all the way from$1.01 to $2.25 for the past month alone. However, at present its stands at about $ 2.12 and for sure is set for spiking up profusely month long. The overall market cap is about $63.2B and so this corresponds to 2X and 3X fold rising up a little rare.
Whatsoever, now is the great opportunity to buy it at a little dip and by the end of August, it’s projected to reach its all-time high, owing to its solid market cap statistics.
Axie Infinity (AXS)
If you know your market quite well, then for sure you will be knowing this coin as it made the entire industry turn its heads. The Axie Infinity (AXS) corresponds to the latest attribute flourishing upon the blockchain-based entities. The Axie Infinity is actually an online blockchain-based game where one could earn upon playing on. The AXS is the native token for the blockchain gaming platform. Moreover, the AXS is an Ethereum (ETH) token-based.
In spite of all this, the past month alone witnessed a surge of 274.56%, making it the hot gainer for the period. Also, it reached its ATH of about $71.27 a few days back. In addition, it’s predicted that this surge will be continuing throughout this whole month.
Recommended for You.
