BCGAME - Free 5BTC Daily Bonus!With the increasing volatility and potential of the cryptocurrency market, we selected six tokens that promise to be highlights this month.
If you're considering following the market, it's good to keep an eye on these top 6 Cryptocurrency trends to watch in August 2023.
Shiba Inu (SHIB)
Originally created as a meme currency, SHIB has gained great popularity and notoriety thanks in large part to its engaged community. The Shiba Inu is not just limited to being a joke coin, with plans such as the creation of its own network, the Shibarium, and other proposals to value its ecosystem.
- Current price: $0,00000931.
- Variation: Up 4% on the day and a significant 20% increase over the last 14 days.
- What to expect: The launch of Shibarium in August has the potential to boost the currency price in the short term.
Bone Shibaswap (BONE)
Part of the Shiba Inu ecosystem, BONE is one of the native tokens of the ShibaSwap decentralized exchange platform. It is used for governance and other platform features. The possible listing in Binance, one of the largest exchanges in the world, could certainly attract more attention to it.
- Current price: $1,66.
- Variation: Up 3% on the day.
- What to expect: The release of Shibarium could also benefit BONE. Furthermore, rumors suggest that Binance may soon list the token, which could lead to an increase in demand.
Ripple (XRP)
Known for its international remittance solutions and partnerships with traditional banks, XRP has faced several legal challenges that have impacted its price. However, the token's recoverability and robust infrastructure make it an attractive choice for many investors.
- Current price: $0,624556.
- Variation: Up 2% on the day.
- What to expect: After a high close to $0,93, XRP has seen a drop to $0,60. However, if the token manages to overcome the $0,6550 mark, we can expect a possible recovery.
FlexCoin (FLEX)
It is the native token of CoinFlex, a cryptocurrency derivatives exchange. Its notable rise in recent days indicates a growing acceptance and interest in decentralized financial products and derivatives.
- Current price: $6,76.
- Variation: Up 2% on the day.
- What to expect: The coin has seen an impressive 44,1% increase over the last 7 days, indicating potential to reach new heights.
Kaspa (KAS)
Kaspa is a blockchain decentralized and privacy-oriented. While the cryptocurrency market there are many blockchains that focus on privacy, the recent performance of KAS suggests renewed interest in the coin.
- Current price: $0,04724445.
- Variation: Down 7% on the day.
- What to expect: Despite the current decline, the KAS has risen by 23,1% in the last week, showing interesting volatility for investors.
ivy (HBAR)
Hedera Hashgraph takes a different approach to traditional blockchains by utilizing hashgraph technology. With promises of high speed and security, interest in HBAR has been growing.
- Current price: $0,060871.
- Variation: Surprising increase of 9,6% on the day.
- What to expect: Up 20% over the last week, HBAR proves to be a cryptocurrency to watch closely.
Amid several options in the cryptocurrency market, the month of August seems to be particularly focused on the Shiba Inu ecosystem, especially with the imminent launch of the Shibarium. The potential impact of this launch on the price of SHIB and BONE tokens cannot be underestimated.
Investors and market enthusiasts will be watching closely as a positive move around Shibarium could create a wave of optimism and possibly influence SHIB and BONE prices significantly. As always, caution and research are advised before any investment decision is made.
