The majority of assets in the cryptocurrency market have had a slow start to the week. Despite this, there are some assets that are showing strength in the middle of the downtrend and are currently still below an affordable $0.10 price threshold. Accordingly, experts have selected 5 altcoins that have a higher potential to continue to rise in the future and therefore offer an attractive investment opportunity in August.
The top altcoin Dogecoin (DOGE)
One of the best performing crypto assets of recent weeks has been Dogecoin (DOGE). cryptocoin.comAs you follow, the meme coin has received strong bullish support from one of its most famous supporters, Twitter owner Elon Musk, who recently replaced the social media platform’s iconic bird logo with a white X on a black background. As a result, DOGE has gained 10.37% in the last 24 hours, posting gains on all its charts. It also showed a more significant increase of 20.58% over the previous seven days. The altcoin is currently trading at $0.8235, according to data from July 25.
XDC Network (XDC) also managed to enter the list
Next on the list is the decentralized application (dApp) development Blockchain platform XDC Network (XDC), which has witnessed bullish momentum with even more impressive earnings than Dogecoin, coinciding with its collaboration with Japanese crypto trading firm SBI VC Trade for the WebX 2023 sponsorship of the project. The exact factors powering this run aren’t clear. However, excluding the above partnership, XDC is up 27.97% on the day. It also posted a gain of 74.24% last week and 85.83% last month. Altcin is currently changing hands at $0.061.
Altcoin TRON (TRX) was the third winner
At the same time, TRON (TRX) found itself in the spotlight due to a report showing that numerous pro-ISIS (Islamic State of Iraq and Syria) networks in Afghanistan, Tajikistan and Indonesia are using Tether (USDT) on the TRON network, including recruiting fighters in Afghanistan. However, this discussion seems to strengthen TRX’s position in the crypto market. With the publication of the report, it briefly increased its price above $ 0.092. It then held steady at $0.081. The altcoin is down 0.12% on the day. However, it rose 0.9% on the weekly chart, reaching a monthly increase of 9.99%.
We continue with Kaspa (KAS)
Meanwhile, the GHOSTDAG protocol-based Proof-of-Work (PoW) platform Kaspa (KAS) is moving on an upward trajectory, likely thanks to widespread speculation and anticipation regarding the project’s potential smart contract integration, which warrants increased conversation in the crypto space. Kaspa fell 3.48% on the day. Despite this, the above expectations brought a weekly increase of 14.66%. It also posted a much more notable 41.96% gain over the past month. The altcoin is currently trading at $0.0367.
Last ranked altcoin Casper Network (CSPR)
In last place is the token of the proof-of-stake (PoS) enterprise-centric public blockchain Casper Network (CSPR). The token has recently been bullish, reaching the $0.04 price target. However, it later slowed back to $0.038. Earlier, the company announced that it has tokenized and listed stocks on the INX cracked dealer platform and has made a major update to its wallet. Meanwhile, its current price has seen a 3.14% drop in the last 24 hours. It also suffered a slightly larger 7.9% loss in value over the previous 30 days. However, it still showed an increase of 5.30% last week.
The opinions and estimates in the article are those of the experts and are definitely not investment advice.
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