Expert Opinion: These 4 Altcoins are Getting Ready for Pump in August!

Bull run is still on. Will it be in August? The truth is, we don’t know. Looking at the historical performance of August since 2013, it’s not that great. We see 7 red months and only 5 green months. But when I look at the past 14 years, it looks pretty good. So, all hope is not lost! Therefore, Camille Lemmens, a crypto expert from the Altcoinbuzz team, shares 4 altcoins with pumping potential in August.

The first leading altcoin is Ethereum (ETH)

With the live launch of the Spot Ethereum ETF in August, an upward movement is possible. On July 23rd, Ethereum spot ETFs started trading live. Following the example of Bitcoin, ETH experienced three price drops initially. After the ETFs were released, they dropped by 12%. BTC did the same, with a 21% decrease in price. However, shortly after, the price increased by 90%. Therefore, Ethereum’s volatility is partly due to the Grayscale Ethereum Trust conversion into an ETF, which is worth 11 billion dollars. With this situation in mind, it is possible for $ETH to reach new ATHs soon. Predictions start at $5,000.

Also, there are a few things to note. Ethereum is currently no longer deflationary. On the contrary, it is quite inflationary. Ethereum mints 50-60 thousand ETH every week. However, there are not enough transactions to burn this weekly supply in Ethereum. And to be honest, why would you want to make a transaction on Ethereum? Gas prices in Ethereum are still very expensive. There are many cheaper alternatives like L2s or other L1s. Still, keep an eye on Ethereum in August.

Solana (SOL), the Ethereum competitor, comes in second place

Solana is a coin that should not be missing. SOL is burning and it doesn’t seem to be stopping anytime soon. SOL has shown a 35% increase in the last 30 days. Its price has approached $200. I had made a deep dive into Solana less than two weeks ago. Why is Solana burning? Here are just a few updates:

• Spot Solana ETFs may be in the making. We’re looking at the earliest in the 1st or 2nd quarter of 2025.
• New Blinks. These are direct payment options bypassing third parties.
• Firedancer upgrade for validators. Enhancing Solana’s security and decentralization.
• Solana’s DeFi is also on the rise. It continues to surpass the DEX volumes of other blockchains. For example, it exceeded the combined volume of Ethereum and Arbitrum on July 28th.
• PayPal’s stablecoin PYUSD is making waves. Supply has reached 239 million dollars in less than two months.

And don’t forget about Solana’s ecosystem. Altcoin projects like JUP, IO, JTO, and ORCA are also looking good. So, all signs are green for Solana. Don’t miss out on Solana and its ecosystem.

Next altcoin: LayerAI (LAI)

Layer AI takes us to the AI and DePIN sectors. So far, these are two of the most promising crypto sectors in 2024. AI models focus on earning money from your data. This is a zkRollup Layer-2 Blockchain network. The team built it with PolygonCDK, which is a Blockchain Development Kit. It enables developers to launch new L2 Blockchains running on Polygon zkEVM technology on Ethereum. Or it can convert an existing L1 chain to zkEVM L2. This provides better scalability.

Data Capsule NFTs represent your data set. In other words, your browsing activity on the internet. This allows you to earn money from your behavioral data. So, it’s not Google of the world, but you are making money. There is a lot of activity on LayerAI. So, it’s worth your attention.

Mantra (OM) is at the bottom of the list.

Now it’s time for an RWA project. This is the Mantra (OM). The Mantra is part of the Cosmos ecosystem, which has long been a favorite of experts. Mantra focuses on traders and institutions. Its goal is to be a fully compliant blockchain, among others. For example, with SOMA in the US, in the UAE, in Latin America, and more to come. SOMA is a System Open Market Account managed by the Federal Reserve. So these are securities denominated in dollars.

Therefore, there is a market for these compliant RWAs. This is an unauthorized Blockchain with licensed applications. This market is growing, and the OM token increased by almost 5,000% last year. You can stake this token on Mantra DEX for rewards of up to 35%.

The views and predictions in the article belong to the expert and are definitely not investment advice. We recommend that you do your own research before investing as Kriptokoin.com.

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