Altcoins are an interesting idea. A cryptocurrency is a digital form of currency that has a decentralized, peer-to-peer network which allows for transactions. In order to send payments, you have to trust the network that these transactions are secure and are being accurately recorded. While some people may think that this is a disadvantage, it has actually created a large market for traders and investors who want to move their funds from one exchange to another or from one wallet to another.
August 2023, there will be a new cryptocurrency on the market that will attract huge attention from investors. This will be huge and be a great way to make a lot of money.
Altcoins are cryptocurrencies that are not Bitcoin. They are similar in that they are all decentralized, aren’t for profit, and have their own features. They are also different in that some of them are pre-mined, meaning they were created prior to Bitcoin. The good thing is that the total number of Altcoins on the market is ever-increasing, and this means you are almost guaranteed to find a new one every month or so. The bad thing is that there are now hundreds to choose from.. Read more about best cryptocurrency under $1 2023 and let us know what you think.
Part 1: The Best Altcoins to Buy in August 2023
The previous month was pivotal for the whole crypto market; investors were fearful of Bitcoin’s future move due to the uncertainty surrounding it. But, as usual, Bitcoin escaped the death and surged on from a support level of 30,000 dollars, keeping the bull cycle intact. We also welcomed a new trend dubbed “Play to Earn” last month, when Axie Infinity grabbed the crypto market by storm, growing 2000% in a month.
Itsblockchain has always been a market leader in altcoin recommendations, and our picks have historically resulted in huge returns for investors. Last month, we published a list of the best cryptocurrencies to purchase, which was a huge hit. Every top cryptocurrency featured in the selected list exceeded expectations and returned an average of 60% to investors.
Now that we’ve entered a new month, it’s time to consider which cryptocurrencies have the most potential for generating large gains for investors.
So, without further ado, here is Part 1 of the best cryptocurrencies to purchase in August 2023. All information is current as of August 5, 2023.
[LUNA] Terra
Terra is a blockchain technology that powers price-stable global payment networks using fiat-pegged stablecoins. Terra, according to its white paper, combines the price stability and widespread acceptance of fiat currencies with the censorship resistance of Bitcoin (BTC) to provide quick and cheap payments.
Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.
Terra’s native token, LUNA, is accessible for trading against fiat currencies, stablecoins, and other cryptocurrencies on various cryptocurrency exchanges, including Binance, Huobi, Bitfinex, and Upbit.
Analysis of the Technical
LUNAUSDT-1W(Binance)
Signal of a Trade
Entry fee is less than 14 dollars.
Above 22$, Exit
Stop trading if the price falls below $10.
Trade & Invest Now
PERP stands for Perpetual Protocol.
Strike Protocol was the initial name for Perpetual Protocol, which was released in late 2019. Perpetual Protocol is based on an automated market maker (AMM) concept inspired by Uniswap (constant product curve). The liquidity pool (k) of the Perpetual Protocol is virtualized and determined algorithmically. Perpetual Protocol may programmatically establish and update the parameters of the virtual AMM (x*y=k) and provide a competitive product for every given market at any time, rather than relying on liquidity providers to define the curve of a particular market.
Perpetual Protocol is a protocol that concentrates only on perpetual swap contracts, as the name implies. Perpetual Protocol will support BTC, ETH, and LINK upon launch, with the ability to add additional synthetic assets like as gold, crude oil, or other fiat currencies in the future via governance. On both long and short bets, traders may receive up to 20X leverage. A Decentralized Autonomous Organization (DAO) with a significant presence in Asia backs Perpetual Protocol. It is not intended for residents or citizens of the United States.
If you’re looking for a place to purchase Perpetual Protocol, the best exchanges to use right now are Binance, OKEx, FTX, and HitBTC.
Analysis of the Technical
PERPUSDT-1W(Binance)
Signal of a Trade
Entry fee is less than $15.
Above $25, you may leave.
Stop trading if the price falls below $10.
Trade & Invest Now
Terra Virtua Kolect [TVK] is a video game developed by Terra Virtua Kolect.
Terra Virtua Kolect is a cross-platform non-fungible token (NFT) ecosystem that connects NFT producers and collectors via a controlled marketplace. Terra Virtua Kolect is a web-based, PC-based, and mobile AR/VR platform.
Terra Virtua enables users to own digital art that can be seen both online and via virtual reality, as well as share and exchange digital assets with their peers.
A trading platform for trading and purchasing NFTs, a mobile app for utilizing NFTs with augmented reality, and a PC program for viewing NFTs in 3D settings are all part of the Terra Virtua platform.
Uniswap, BitMax, Binance, and 1inch are just a few of the exchanges where you may purchase TVK.
Analysis of the Technical
Signal of a Trade
Enter for less than 0.26$.
Exit if the price is more than 0.46$.
Stop at 0.18$.
Trade & Invest Now
[TOMO] Tomochain
TomoChain (TOMO) is a project that aims to enhance the scalability of the Ethereum (ETH) blockchain. It was launched in December 2018. This is mainly accomplished by increasing the number of transactions per second (TPS).
The project’s ultimate aim is to provide a blockchain infrastructure for decentralized applications (DApps) while also improving integration and security. TomoChain’s answer is to provide smart contract scalability, which entails figuring out how to make the blockchain manage a larger number of transactions per second, thus boosting the smart contracts’ usefulness for real-world use cases and applications dramatically.
If you’re looking for a place to purchase TomoChain, the best exchanges to use right now are Binance, Tokocrypto, FTX, ZG.com, and HitBTC.
Analysis of the Technical
TOMOUSDT-1W(Binance)
Signal of a Trade
Entry for less than 2.8$
Exit Above 4.4$$$$$$$$$$$$$$
Stop trading at 2.0$.
Trade & Invest Now
[FET] Fetch.ai
Fetch.ai is an Internet of Things (IoT) platform that seeks to link gadgets and algorithms to allow collective learning. It was founded in 2017 by a Cambridge-based team.
Fetch.ai is a decentralized problem-solving platform based on a high-throughput sharded ledger with smart contract capabilities for deploying machine learning and artificial intelligence solutions.
These open-source tools are intended to aid users in the creation of ecosystem infrastructure as well as the deployment of commercial models.
If you’re looking for a place to purchase Fetch.ai, the best exchanges to use right now are Binance, HitBTC, Coinbase Exchange, Gate.io, and KuCoin.
Analysis of the Technical
FETUSDT-1W(Binance)
Signal of a Trade
Enter for less than 0.40$.
Exit if the price is more than 0.60$.
Stop at 0.30$.
Trade & Invest Now
The second part of our top cryptocurrencies to purchase list will be out shortly.
Also, have a look at our other curated Altcoins lists:
Top 10 NFT Crypto Projects with Low Caps to Invest in in 2023
Top 10 DeFi Low-Cap Projects to Invest in in 2023
For quality cryptocurrencies signals based on technical analysis and fundamental study, join our discord and telegram channels.
Disclaimer:
The author’s study led to the selection of altcoins in this article. None of these altcoins are held by the author. Before investing in any cryptocurrency, make sure you do your homework.
. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology. Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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In this article, I have listed out the 10 best Altcoins to buy in August 2023. Here is the list: #1 [Zencash] – Zencash is a privacy-focused coin that is currently ranked at the second position on coinmarketcap.com. It is ranked seventh in terms of market cap, with a total market cap of $1.6 billion. It is a fork of the Bitcoin code and uses an altered version of the Equihash algorithm. The algorithm was created by the CSIRO and the Australian National University to improve the privacy of transactions. #2 [Quantocoin] – Quantocoin is a privacy coin that is ranked as the third best Altcoin in the market. It is ranked 11. Read more about 10x altcoins 2023 and let us know what you think.
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