With active movement in cryptocurrency markets in August 2023, many traders and investors are paying attention to altcoins with high growth potential. Let's examine key assets that might attract interest this month.
XRP: South Korean Market Influence
XRP is showing significant growth due to Ripple's recent strengthening presence in South Korea. Social activity around this asset has surged following new partnerships and exchange listings, while major holders have reportedly accumulated more than 130 million XRP in just one week.
Solana: Institutional Investments
Solana continues to attract interest from institutional investors. Data on the movement of funds in large wallets indicates increased purchases of SOL ahead of the expected launch of new DeFi and NFT projects in Q4. Analysts note that Solana is beginning to outperform Ethereum in terms of short-term trading volume.
Toncoin: Telegram's Highlight
Toncoin is back in the spotlight due to integrations with Telegram, which have reignited investor interest. As a Layer-1 solution, TON offers a unique opportunity to access a massive user base. Price volatility is expected in the case of new utility announcements.
Considering the active start of August in cryptocurrency markets, altcoins like XRP, Solana, and Toncoin are showing technical signals indicating potential growth. Investors are carefully monitoring the situation to capitalize on possible market movements.
