2023 has been a strong year for the cryptocurrency market. Many projects are starting to bounce back from the recent bear run. In the process, several cryptocurrencies have hit annual highs. Now, investors are predicting which projects they should invest in going into August. While there are hundreds of options available, these ten are expected to offer the best returns.
The last quarter has been interesting for the cryptocurrency market. Many cryptocurrencies crashed after the U.S. Securities and Exchange Commission (SEC) added 55 cryptocurrency projects to its list of securities. However, after Ripple (XRP) won its case against the regulatory board, many projects are expected to challenge this new classification and have since increased in value.
This has created excitement throughout the DeFi market, with thousands of new investors buying cryptocurrency daily. However, finding the next moonshot token is never easy.
This guide is designed to help investors do just that. It will explore the projects with the highest potential to surge in August 2023 and later in the year. Each section will break down the cryptocurrency and why it has potential. While some projects have higher price barriers than others, this comprehensive list will cover a range of projects to ensure there’s a project for everyone.
The newest and highest potential project in this list is the first-ranking option, Everlodge. Everlodge is a unique cryptocurrency project that could disrupt the $4.548 trillion hospitality market. It empowers property investors and rewards its token holders with a number of lucrative passive income opportunities.
Join the Everlodge presale and win a luxury holiday to the Maldives
What Is A Cryptocurrency?
A cryptocurrency is a digital means of exchange. It’s created using encryption algorithms and lets individuals trade without needing to use a centralized body such as a bank. Cryptocurrencies can include utility coins, stablecoins, governance coins, security coins, and more.
The 10 Best Crypto Coins To Buy In August 2023
- Everlodge: Could revolutionize travel property ownership
- Binance Coin: Secures the world’s largest crypto exchange
- Ethereum: The worlds second largest cryptocurrency
- Shiba Inu: Is challenging for the number one memecoin spot
- Uniswap: Supports leading decentralized exchange
- TRON: Is building infrastructure for the decentralized web
- Stellar: Looks to transform the world of finance
- Polygon: Is one of the fastest growing altcoins
- Avalanche: Is becoming a top blockchain
- Dogecoin: The world’s largest memecoin
What Are the 10 Best Crypto Coins To Invest in August 2023 and Why?
1. Everlodge
Everlodge is a new crypto coin set to be released later this year. Its marketplace will let investors fractionally invest in vacation properties. These will include luxury villas, vacation homes, and hotels. To fractionally invest, investors will be able to purchase fractionalized NFTs that represent equity in the property.
For example, instead of buying a $1 million vacation home, an investor can buy an NFT for $100,000, giving them 10% of the overall ownership. This empowers investors by reducing the budget they need to get started in the market.
Investors will also have the opportunity to support new developments via the Everlodge launchpad. The launchpad will let investors invest in new developments, helping developers raise funds from new sources. Investors who get involved early are expected to make significant returns.
Another exciting feature of the Everlodge ecosystem is its rewards club. Club members will be eligible for several rewards. One such reward is free stays across Everlodge properties. These stays can be used for holidays, or sold for an additional income source.
Everlodge’s native token is ELDG. This will be used as a payment currency in the Everlodge ecosystem. Holders will earn several rewards, including discounts on trading and maintenance fees, staking opportunities, and free nightly stays in hotels and villas. When the Everlodge presale begins, ELDG tokens will be on sale for $0.01. Experts predict that tokens will hit $0.035 by the end of the presale, with many expecting a 30x surge once Everlodge is listed on mainstream crypto exchanges.
2. Binance Coin
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange. Binance Coins’ value recently crashed after a lawsuit was filed against the exchange. This resulted in a mass sale of Binance Coin, though the project is slowly bouncing back. Its value has started to recover, and Binance Coin is now trading at $239.21.
3. Ethereum
Ethereum is the most expensive crypto coin on this list. However, it also has huge potential. Ethereum is the largest blockchain in the world, and has more influence than any other project. As of August 2023, over 3,000 decentralized applications are built on Ethereum. Ethereum is currently trading at $1,832, and analysts believe it will hit $2,000 by the end of August.
4. Shiba Inu
Shiba Inu is the fastest growing memecoin in the world. The Shiba Inu developers are launching Shibarium later this year. Shibarium is Shiba Inus’ Layer-2 scalability platform. It is expected to drive up the value of Shiba Inu, making it stronger than any other memecoin. This development, alongside the 100% rise in Shiba Inu token burning, makes Shiba Inu’s current value of $0.00000821 significantly lower than its potential.
5. Uniswap
Uniswap (UNI) is the native cryptocurrency of the Uniswap decentralized exchange. Following greater regulation from the SEC, investors are flocking to Uniswap to preserve their privacy. In July, Uniswap activity increased by 22%. This caused Uniswaps value to surge by 11.51% in thirty days. At the time of writing Uniswap was trading at $6.12, and experts predict that Uniswap could hit $6.50 over the next few weeks.
6.TRON
TRON is building the infrastructure for the decentralized web. Despite its value decreasing in the past month, investors remain bullish about TRON. Experts believe that TRON could surge in Q3. The TOKEN2049 Singapore Web3 event could be a big win for TRON, which is currently trading at $0.0766 per token.
7. Stellar
Stellar was one of the best-performing crypto coins on this list in July. Stellars value surged by 34.11%, triggering an influx of trading activity. This rally was caused by two factors. Firstly, XRPs win over the SEC. Secondly, Stellar’s growing adoption. Stellar is building its reputation for extremely easy cross-border payments. This is likely to speed up Stellars mass adoption, which could take the project to new highs. Stellar is currently trading at $0.1417 and has a daily trading volume of $136 million.
8. Polygon
Polygon is one of the fastest growing ecosystems in the DeFi space. Since the start of 2023 Polygon’s total value locked (TVL) has increased by over 100%. Furthermore, the number of Polygon transactions has increased by 200%. This rise has been supported by several developments. These include the introduction of Polygons zkEVM, which improves security and scalability. Furthermore, Polygon has also developed a number of strategic partnerships. Given its current growth rate, experts believe Polygon is significantly undervalued. This makes its current price of $0.6746 a bargain.
9. Avalanche
Avalanche has suffered a steep decline since Q1 of 2023. After surging to $21.21 in April, Avalanche has faced several steep price declines. In the last month, Avalanche has decreased in value by 5.40% to $12.47. Nonetheless, Avalanche’s trading volume has remained extremely high.
The project’s daily trading volume has consistently passed over $100 million. This suggests that Avalanche’s current value could be significantly undervalued. Such an argument is supported by growth throughout the Avalanche ecosystem, which could help the project surge during the next bull run.
10. Dogecoin
Dogecoin is the world’s largest memecoin. It pioneered memecoin development, causing thousands of new projects to be developed to replicate its success. However, Dogecoin has been criticized by investors over the past few months. While competitors are developing their ecosystems, Dogecoin has shown no signs of development.
As a result, Dogecoin has faced several price declines in 2023. Over the last five days alone, Dogecoin’s value has fallen by 5.70%. While Dogecoin recently surged following the Twitter rebranding, not everyone is convinced the project will succeed. Nonetheless, Dogecoin still has huge potential to rise in the future. Given its track record, many experts believe the project will increase during the next bull market.
10 Best Crypto Coins To Invest in August 2023 – Summary
This guide has provided a comprehensive overview of the top 10 crypto coins to buy in August 2023. It covers a range of options suitable for all budgets and experience levels. With thousands of new cryptocurrencies entering the market, research is a crucial part of building any profitable portfolio.
Each of these crypto coins offers a number of unique advantages that could cause their value to increase in August. During the next crypto bull market, every option on this list is expected to surge. That being said, it’s important that investors build their knowledge base before investing. Cryptocurrency, by nature, can be a risky investment. Therefore, investors should always carry out a risk-to-reward assessment before buying.
In terms of returns, Everlodge could offer the highest returns on this list. Its presale is set to begin over the next few weeks and has already attracted the attention of hundreds of investors. Should its presale succeed, Everlodge could become one of the most successful new projects in the DeFi market.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
