August 2023 has become an interesting month for the crypto market. While Bitcoin and Ethereum find themselves in a state of relative calm, some altcoins are beginning to show active movements. This article will highlight three altcoins worth watching.
TON: Quiet Before the Storm
Currently trading around $3.40, TON remains under the radar in August. However, the expected launch of a new investment vehicle, the TON Treasury, could provide American investors with a way to easily purchase TON. This initiative may significantly increase demand and drive the price higher.
Sonic: Returning to Old Heights
Sonic is currently trading at about $0.30 and has remained quiet since its launch, but it is starting to attract investor interest. The project's team is known for strong marketing strategies, and the price seems to be moving after a long development phase. If things go as planned, Sonic could return to its previous highs near $1.
Ethena: Quick Moves and Short-Term Opportunities
Ethena (ENA) caught the eye of early investors, showing a 17% increase in a short time. Though it is a small coin, traders who favor quick profits might want to keep an eye on this one. In the short term, Ethena may demonstrate good potential.
In August 2023, altcoins like TON, Sonic, and Ethena are attracting attention due to their potential growth opportunities. Investors should take note of these projects, as they could drive the market in the near future.
