5 Altcoins You Should Watch in August 2024
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The crypto market showed mixed signals in July, with some altcoins growing while others lagged. As August approaches, BeInCrypto suggests keeping an eye on Flow, Conflux, Solana, Starknet, and Axie Infinity due to their potential significant price movements.
Flow will launch the Crescendo Network Upgrade on August 14, aimed at enhancing scalability and decentralization. This could push FLOW's price above $1.00 from its current $0.65, although consolidation below $0.96 is possible.
Conflux is planning a hard fork on August 6 to improve performance and security, potentially breaking its consolidation between $0.17 and $0.14. However, increased volatility might push the price below $0.10.
Solana gained institutional interest in July, with $27.6 million in inflows. This could support a price rally to $245 if the bullish double-bottom pattern holds. However, a 11% price drop to $164 could negate this bullish outlook.
Starknet's upgrade at the end of August will introduce Parallel Execution, increasing the network's TPS to 250. This could help STRK recover from its all-time low of $0.424, potentially rising past $1.043 if resistance at $0.619 is breached.
Axie Infinity closed its open beta for Homeland Avatar Mode and is set to launch its Beta at the end of August. This could push AXS prices either down to $4.07 or up to $7.00, depending on market reactions to the head-and-shoulder pattern.
Source: beincrypto.com ↗
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