In August 2023, the crypto market shows activity, and several altcoins are gaining traction. Let's look at four promising cryptocurrencies: BlockDAG, Kaspa, Arbitrum, and Dogecoin.
BlockDAG: Live Trading Simulator and BTC Rewards Ahead of Launch
BlockDAG offers users a new trading platform that simulates the experience of centralized exchanges. During the current presale, users can access real-time price data and purchase options for BDAG. The 10 BTC prize auction has become an attractive bait for investors and traders. To date, BlockDAG has sold 24.7 billion coins and raised $365 million.
Kaspa: New Smart Contract Capabilities
Kaspa plans significant upgrades with the introduction of smart contract functionality. Currently trading around $0.085, the coin is expected to see growth after the update scheduled for the end of August. However, the spotlight is on the launch of the Kasplex platform, which supports Ethereum-compatible smart contracts.
Arbitrum: Upcoming Coin Unlock and Key Network Upgrades
Arbitrum recently completed the ArbOS network upgrade, enhancing the platform's functionality and performance. With the unlock of 92.65 million ARB coins set for August 16, there is a risk of short-term selling, but in the long term, Arbitrum boasts solid fundamentals and an active community, making it an attractive investment.
The cryptocurrencies analyzed show significant growth potential. BlockDAG stands out with its unique trading model, while Kaspa and Arbitrum are on the verge of substantial changes, and Dogecoin strengthens its position through increased utility and ETF discussions.
