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CATEGORY: top altcoins to buy


Top altcoins to buy in August with high return potential

Author: noreply@blogger.com (Unknown)
United States
Aug 18, 2022 02:50

Top altcoins to buy in August with high return potential

Flux (FLUX/USD), Chiliz (CHZ/USD), and Injective (INJ/USD) are some of the best cryptocurrencies that you can buy in August. 

FLUX has been gaining in value recently due to the fact that mining rigs can be utilized to essentially mine the cryptocurrency. 

In other words, those who are aiming to switch to mining a different cryptocurrency after “The Merge” of Ethereum (ETH/USD) are looking at Flux (FLUX).

CHZ has also seen an increase in its value due to the fact that Socios.com, the leading blockchain provider for the sports industry powered by Chiliz, secured an Italian Regulatory Agreement.

Injective (INJ) raised $40,000,000 for advanced Web3 finance, which also brought a boost to its overall appeal and value.

Should you buy Flux (FLUX)?

On August 18, 2022, Flux (FLUX) had a value of $1.034.

The all-time high of the cryptocurrency, Flux (FLUX) reached a value of $3.33 on January 3, 2022.

When we go over its performance throughout the previous month, we can see that the cryptocurrency’s lowest point of value was on July 13, at $0.3991. Its highest point of value, however, was on July 31 at $0.5826. Here we can see an increase in value of $0.1835 or 46%.

With this in mind, we can expect the FLUX cryptocurrency to reach $1.5 in value by the end of August 2022, which makes it a solid cryptocurrency to buy, which you can do so here.

Should you buy Chiliz (CHZ)?

On August 18, 2022, Chiliz (CHZ) had a value of $0.2235.

Looking at the token’s all-time high, Chiliz (CHZ) reached a value of $0.878633 on March 13, 2021.

When we go over the performance of the cryptocurrency throughout the previous month, we can see that its lowest point of value was on July 2 at $0.09379.

Its highest point, however, was on July 29 at $0.135. Here we can see that there was an increase in value of $0.04121 or 44%.

With all of this taken into consideration, buying the CHZ cryptocurrency can be a solid option as it can climb to $0.4 by the end of August 2022.

Should you buy Injective (INJ)?

On August 18, 2022, Injective (INJ) had a value of $1.908.

Going over the all-time high of the cryptocurrency, Injective (INJ) had a value of $24.89 on April 30, 2021.

When we take a look at how INJ performed in July, we can see that its lowest point of value was on July 13 at $1.1388.

Its highest point of value, however, was on July 30 at $1.5287. This gives us an indication that the cryptocurrency has increased in value by $0.3899 or by 34%.

Based on all of this, investors might wish to buy the INJ cryptocurrency, as we can expect INJ to reach $2.5 by the end of August 2022.

The post Top altcoins to buy in August with high return potential appeared first on Invezz.



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Best Altcoins In 2025: Top Analyst Reveals His Picks

With the new year just one day away, crypto analyst Alex Wacy (@wacy_time1) shared an overview of what he calls the best altcoins heading into 2025. The analyst, who has amassed an audience of over 190,000 followers on X, highlighted several projects that he believes have the potential to dominate in the potential coming altseason. Best Altcoins In 2025 He begins with Render (RNDR), describing it as a decentralized GPU rendering platform for AI, metaverse, and creative content. He maintained that Render is poised to become a key player in the virtual future, pointing to its $3.66 billion market capitalization as evidence of investor confidence. Following closely is Virtual, an AI-driven avatar initiative that is pegged at $3.41 billion in market cap, with Wacy touting Virtual as the growth leader in 2024 in the virtual avatar sector and predicting increasing adoption for metaverse, gaming, and social media applications. Wacy also turns his attention to SEKOIA, mentioning its focus on identifying and mentoring emerging AI talent. Although smaller in scale at a $94 million market cap, this autonomous AI investment agent uses advanced pattern recognition and quantifiable predictions to gain a foothold in a competitive space. Related Reading: Altcoins To Explode In Early 2025: Analyst Says Grand Finale Is Around The Corner Next in line for the best altcoins in 2025 is Pengu, which he calls the official coin of Paddy Penguin, a major force  in crypto. Its substantial community and cultural traction reflect a hefty $2.28 billion market valuation, and its omnipresence in ETF ads combined with over 90 billion visits appear to confirm its cult-like following. The list of best altcoins continues with Clearpool (CPOOL), a Decentralized Capital Markets Ecosystem valued at $341 million that provides insured loans to institutional borrowers in the DeFi arena through a dynamic interest model. The analyst noted that Clearpools approach to decentralized lending could offer a unique avenue for strategic investors. He also spotlights Bittensor (Tao), a project intent on decentralizing AI solutions through an open ecosystem, weighed at $3.48 billion, and Hyperliquid (HYPE), a decentralized perpetuals exchange living on its own L1 with a $9.23 market cap. He describes Hypes vision as a high-speed, low-cost, transparent solution for perpetual futures, though he advises caution, remarking that prospective investors should research to understand its risks and potential. Io.net, which sits at $397 million, is categorized as a decentralized GPU network that reduces costs for AI developers, while CFG (Centric) aims to bridge DeFi with real-world assets. This $162 million project focuses on stable returns generated from real fiat value rather than solely leveraging volatile crypto. Akash Network (AKT), valued at $746 million, is labeled by Wacy a supercloud that transforms cloud computing through a decentralized marketplace, and Ethena (ENA), at $2.69 billion, provides a synthetic dollar protocol on Ethereum, touted as a crypto-native, bank-free solution for money. Wacys list also featured Helium (HNT) with a $1.13 billion market cap, identified for its decentralized IoT network, and Griffain in the Solana ecosystem, with a $211 million market cap, delivering scalable DeFi solutions for token swaps while upholding transparency. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 The analyst also highlights Grasso (GRASS) in his list of the best altcoins for 2025 and its $683 million market cap, describing its decentralized data collection network for AI training as both functional and user-friendly. VitaDAO (VITA) is in Wacys focus because of its community-governed DAO funding longevity research. Its compact $54 million market cap appears poised for growth as members actively engage in decision-making and ownership, signifying a communal approach to biotech research in crypto. Spectral, carrying a $194 million market cap, offers on-chain agents for easier application creation and includes a syntax tool that transforms natural language into Solidity. ETIGEN, or Energy Layer, at $170 million, extends novel concepts of restorative energy on Ethereum, and ONDO, with an impressive $2.83 billion market cap, aims to open up institutional-grade DeFi services and real-world asset (RWA) tokenization. Wacy further singles out AIXTB, at $377M, which monitors crypto-related discussions via a proprietary engine to uncover high-sentiment opportunities, and Ether.fi (ETHFI), priced at $446M, which supports non-custodial ETH staking and DeFi integration. Throughout his breakdown, he underscored the cyclical nature of the crypto market, stating that these best altcoins could see significant growth in 2025 once capital flow rotates away from Bitcoin and into high-potential altcoin narratives. His overall thesis hinges on what he perceives as a predictable pattern in every major market cycle. Altcoins typically pumping when BTC Dominance starts a strong downtrend, the analyst wrote. He cited the example from 2021, when Bitcoins dominance fell from around 73% to 40%, triggering a monumental rally for altcoins like SOL, ADA, and DOGE. Pointing out that current BTC dominance is about 55%, which he calls a significant resistance zone, he predicts a swift drop to 40% if a breakdown occurs. As I mentioned before, my bet for the altseason is in the spring of 2025, he said, while admitting that he also shares the common sentiment of disbelief that surrounds every cycle. Thats okay, it means the market is doing a good job of smoking people out. Patience friends, patience always pays off, he concluded. At press time, the Bitcoin dominance (BTC.D) stood at 58.02%. Featured image created with DALL.E, chart from TradingView.com

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