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Altcoins for Investment in August: BlockDAG, XLM, BONK, and PENGU

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by Giorgi Kostiuk

8 hours ago


Some digital coins are gaining attention due to their growth and strong user support. This article explores four altcoins worth attention this month.

BlockDAG: Innovations and Achievements

BlockDAG (BDAG) has raised $354 million and sold over 24.4 billion coins. The coin is currently priced at $0.0016 and will be available at this rate until August 11 under the GLOBAL LAUNCH. With confirmed listings on over 20 exchanges including MEXC and BitMart, BDAG's growth story is noteworthy.

Real usage is in progress with over 2.5 million users utilizing the X1 mobile miner. BlockDAG has also launched working demos of its mining units. Success has stemmed from a combination of DAG technology and Proof-of-Work, supporting EVM smart contracts and 15,000 transactions per second.

XLM: Record Growth in July

In July, Stellar (XLM) displayed impressive growth, increasing over 75%. The price reached $0.52 with potential for retesting this level. Key levels to watch: a drop below $0.40 could bring a revisit to the $0.32 support zone. However, trends and trading volume suggest possible further increases.

BONK and PENGU: Rising Trends

BONK gained attention after a massive 500 billion coin burn on July 26, which helped it rise by 158%. BONK is currently priced around $0.0000357, benefiting from upcoming performance upgrades. Meanwhile, PENGU surged by 151% in July due to major retail collaborations and increasing advertising visibility. However, rising supply on exchanges may impact short-term sales.

These altcoins draw attention for various reasons: from BlockDAG's innovative solutions to Stellar's records and the market activity around BONK and PENGU. Each holds unique potential in today's market.

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