What altcoins demonstrate good growth

In August, the capitalization of the altcoin market began to adjust. Total3, an indicator of market capitalization excluding BTC and ETH, decreased from $ 1.1 trillion to $ 1 trillion in the third week.

Despite this, some altcoins retain a positive attitude thanks to unique catalysts. According to platforms, the following altcoins demonstrate the strongest bull attitude in August.

1. Aerodrome Finance (Aero)

Bull attitude in Aerodrome Finance (Aero) is 89% – this is the highest level in the market, according to CoinmarketCap. According to Santiment, the volume of Aero social discussions in August reached a record level, which indicates the growing interest of investors in the project.

A positive attitude coincides with the increase in the price of Aero. Since the beginning of August, its price increased by 80%, rising from $ 0.72 to $ 1.32.

After the integration of Aerodrome, the main application Coinbase, Aerodrome processes 48.3% of DEX trading volume on BASE, overtaking such large platforms as Uniswap and Pancakeswap. Aerodrome said that the volume of trading on its DEX over 24 hours reached $ 1 billion, and the total commissions exceeded $ 250 million.

2. Kaspa (kas)

CoinmarketCap data show that Kaspa (KAS) also had a bull -up attitude in 89% in August, despite the inexpressive price dynamics.

KAS is experiencing ups and downs. The price rose from $ 0.08 to $ 0.10, then fell back to $ 0.085. However, the community remains optimistic.

The main driver is the expected 31 AGVUST launch Kasplex Layer 2. This update will open the path for applications on smart contracts. Layer 2 will bring new opportunities to the KAS ecosystem, allowing you to create decentralized applications and scale the network.

The test network already shows activity: more than 270 thousand active addresses of wallets and 14 million processed transactions.

Kasplex test network

This growth attracted the attention of investors, as can be seen in an increase in search queries in Google by the project. The famous SJUUL investor recently noted the strong support of the Kaspa community:

“It is difficult to compete with bitcoin, but it seems that $ KAS has a huge community. We found out that Kaspa reached about 25 thousand active users per day, with more than 540 thousand unique users of the network! A total of more than 197 million transactions, and their number continues to grow. The Kaspa network seems to be gaining momentum. But the question is, can she cope with mass acceptance? ” – said Sjuul.

3. Sonic (s)

CoinmarketCap data show that the Sonic (S) community is also optimistic: 83% of positive reviews in August.

At the same time, the cost of blocked assets (TVL) Sonic fell by 60%: from more than $ 1 billion in May to $ 415 million in August. However, investors retain optimism thanks to new developments. One of the vivid events was the call of the co -founder Andre Kronier to raise funds for the Flying Tulip decentralized exchange.

Flying Tulip is completely built on the first level of Sonic and offers a complete, high -performance decentralized exchange. This development has a positive effect on Sonic, expanding Defi tools and attracting experienced traders.

In August, Sonic also reported that her Testnet 2.1 integrated Pectra updating for Ethereum, including EIP to optimize gas and abstract accounts. The project promises to start the main network soon.

These positive changes have improved Sonic perception, although its price increased by only 13% from the beginning of the month.

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Source: Cryptocurrency

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