August is a lucrative month for Bitcoin and most altcoin projects. During this period, BTC managed to hold above $ 46,000 and ETH $ 3,000. Some altcoins are also giving the green light for bullishness. We take a look at the 10 cryptocurrencies that cryptocurrency trader Randall Trzaska is expecting to padollama in August…
Analyst’s first altcoin project becomes Illuvium (ILV)
Illuvium (ILV), an NFT project built on the Ethereum Blockchain, is the first cryptocurrency on analyst Trzaska’s radar. Illuvium is a gaming platform and strives to provide a source of entertainment to casual gamers and die-hard DeFi fans alike. It therefore appeals to a wide range of kidollarse. Illuvium is currently worth $449.35.
In second place is Altcoin Strongblock (STRONG)
The second cryptocurrency on the list, STRONG is the first DeFi protocol focused on rewarding Blockchain nodes. In this way, an innovative approach is taken by motivating nodes to perform better. The rating mechanism will also be helpful in determining which node is performing well. Therefore, the monetary advantage of STRONG can attract more nodes and create a reliable and fast DeFi network.
YFII and REVO take the next spots
YFII, one of the altcoin projects that equally share the third and fourth places of the list, is the popular DeFi platform yearn. separated from finance as a fork. Revomon (REVO) is an all-in-one mobile application designed to accommodate a comprehensive and easy-to-use DeFi service series and NFT market. The support and functionality of the duo puts the projects one step ahead.
5. Next up is an NFT platform
Punk-basic (PUNK-BASIC) is a single vault token supported by any CryptoPunks NFT at a ratio of 1:1. This vault acts as a base price tracker for Ethereum’s original digital collectibles as it allows any CryptoPunk to be deposited as collateral. It is among the altcoins that CryptoPunk followers are also known for.
Bitfinex DEX’s LEO token ranked 6th
The LEO token allows Bitfinex users to save on transaction fees. The analyst briefly summarizes the project as follows:
The extent of the discount depends on how much LEO is in the customer’s account and the savings offered are spread over three tiers. There are fluctuations depending on whether a trading pair is crypto to crypto or crypto to stablecoin.
The 7th, 8th and 9th places are these altcoin projects:
bao. Finance (BAO), Lattice (LTX), and Axie Infinity (AXS) are other altcoin projects that Randall Trzaska expects to be paddled in August.
Finally, TOMO can take a step forward with its technology
The last cryptocurrency on the list is TOMO, Cryptocoin. com, Ethereum (ETH) is an altcoin project that tries to improve the scalability of the Blockchain. It can perform transactions within 1 second. The analyst’s explanation for TOMA is as follows:
TomoChain’s solution is to offer smart contract scalability, a task that requires figuring out how blockchain can handle greater numbers of transactions per second, and increases the utility of smart contracts for real-world use cases and applications.