According to top industry experts, seven cryptocurrencies are set to rise dramatically this August. You can find trendy tokens, lesser-known tokens, and even some contentious tokens among them. So let’s get started and find out why these underdogs merit your attention.
Cardano is doing well.
Cardano’s planned Mithril mainnet upgrade will push the envelope of adaptability. This is a significant advancement for the dApp internet hosting platform, encapsulating the values of decentralisation, freedom, and censorship resistance. The improvements aim to strengthen Cardano’s speed, safety, and decentralised governance capabilities, marking a significant advancement on its path.
Cardano is on an inexorable ascent, as noted by crypto expert Crypto Chino. The native tokens of the platform have seen spectacular growth rates, and associated projects have had amazing increases. According to the expert, ADA now has the most promising future among all cryptos.
The MemeCoin King is Dogecoin.
Elon Musk’s influence is difficult to ignore, and Dogecoin is living proof of this. The Tesla CEO’s steadfast support has helped the meme coin advance into a potential transactional cryptocurrency.
The unique inflationary model of DOGE encourages spending rather than hoarding, outpacing Bitcoin in terms of the cryptocurrency’s potential. Experts predict DOGE will have a significant increase in August and believe it will be prudent to keep an eye out.
WorldCoin: Promise and Controversy
According to expert Aaron Arnold, WorldCoin has significant potential despite causing a fair amount of controversy. The project, led by OpenAI CEO Sam Altman, uses an iris scan to provide a unique digital passport, proposing an innovative approach to integrating AI and cryptography. Despite privacy and security concerns, the idea’s inherent novelty may result in a significant value increase the next month.
Tommy Community, defender of privacy
The Tommy Community is a privacy-focused online browser acting as the polar opposite of Altman’s project and a response to the debate surrounding WorldCoin. Tommy is an exciting long-term prospect thanks to frequent technological advancements and a strong commitment to privacy, choice, and decentralisation.
Richard Hart is the favourite in HEX and PULSE.
The following mention is reserved for Richard Hart’s infamous projects HEX and PULSE. Richard Hart cash, known for controlling the majority of the supply, had caused a significant uproar in the cryptocurrency community.
Austin Arnold thinks that despite the scepticism, their potential cannot be discounted, especially in light of a forthcoming documentary that could bring attention to those programmes today and drive up their costs.
Avalanche and Solana
Our list is completed by Solana and Avalanche. Following a network failure, Solana now boasts a strong 100% uptime in the year’s second quarter, becoming EVM in the process.
In contrast, Avalanche has committed a significant $50 million for asset tokenization on behalf of its community, representing a significant investment in the future of crypto assets.