• The top three altcoins are all expected to skyrocket in August 2021

  • What is the best cryptocurrency to invest in in 2021/2022? Set to dethrone the top altcoins? As the prices of Bitcoin and Ethereum rise, let us discuss the best cryptos with enormous potential!

    Despite security concerns, the market is very excited about Decentralized Finance (DeFi) coins, which have driven Solana’s price to an all-time high in recent days.

    Here are the top three altcoins, all of which are set to explode in August 2021.

    Solana

    Solana’s value has risen by more than 32%. In the last 24 hours, the price has risen above $71. Solana is currently at an all-time high. As a result, the market is performing. Despite the downtrend, we occasionally find outliers that outperform the market.

    Solana is a fully operational open-source project that offers decentralized financing (DeFi) solutions based on the permissionless nature of blockchain technology.

    It is currently trading at $71.50, up approximately 24 percent in the last 24 hours. It has increased by more than 84 percent in the last week, from 39 to nearly 74 dollars. It was 171 percent at some point during the previous month. It has a market capitalization of $21,948,569,384 and a trading volume of $4,989,418,506 in the last 24 hours.

    Terra

    So Terra will be the second Altcoin. The Terra native token, LUNA, is used to keep the system’s stablecoin prices stable. Furthermore, LUNA holders have the ability to propose and vote on governance proposals. This is an increase of approximately 13%. The same kind of momentum that Solana has had here. So it was 13 percent higher last week at 24.71 dollars, for a total gain of more than 76 percent.

    We get a 76 percent return in one week. That is something you will never see in the stock market because stocks do not move quickly. In the last 24 hours, the market cap is 11,958,361,189 dollars, and the trading volume is 2,429,545,320 dollars.

    Dot

    The third Altcoin will be Polka Dot, also known as Dot. This is up about 17% and is now trading near $27. Polkadot is an open-source multi-chain sharding protocol that allows the transmission of any data or asset, not just tokens, making a wide range of blockchains interoperable.

    We expect this boom to continue, just as we predicted for the other two currencies. This currency gained 30% last month, 122 percent less than the other currencies, but it is still growing—more than 100% from the low on July 20.

    So, on a one-year basis, it’s 895 percent higher than it was in August of last year, when it was $2.90. We had highs in the $49-$50 range here. There is still a lot of room for improvement. It has a market capitalization of $24,329,490,553 and a trading volume of $2,688,966,429 in the last 24 hours.

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