Analysts Say These Upgraded Cryptocurrencies Worth Buying In August

Here are the latest Cryptocurrencies upgrades

Last Updated July 28th 2022
10 Min Read

Analysts recommend these upgraded cryptocurrencies in August

The world of cryptocurrencies continues to expand with new and advanced crypto projects and tokens in the market. 2021 has been a splendid year for several cryptocurrencies. Existing tokens have gone under significant upgrades and developments, creating a big splash with their increasing price and demand.

Here is a list of 9 cryptocurrencies that analysts say are worth buying in August because of a rapid increase in price, demand, and institutional adoption.

Nine Upgraded Cryptocurrencies To Buy In August:

9 cryptocurrencies to buy that were recently upgraded by crypto analysts and experts.

  1. Dogecoin (DOGE)
  2. Ripple (XRP)
  3. Ethereum (ETH)
  4. Cardano (ADA)
  5. Tron (TRX)
  6. Uniswap (UNI)
  7. Chainlink (LINK)
  8. Litecoin (LTC)
  9. Solana (SOL)

 

1. Dogecoin (DOGE)

Dogecoin is a unique cryptocurrency that was initially created as a parody coin to make people aware of blockchain technology and crypto tokens. This meme cryptocurrency is a fork of Litecoin, which is a fork of Bitcoin. Therefore, the creators of Dogecoin leveraged some of BTC's unique features.

Compared to BTC, Dogecoin has faster block times and has gained much popularity over the years. Thanks to Elon Musk calling himself the 'Dogefather' through his tweet, the crypto token has gained much popularity. Additionally, recent endorsement from high-profile individuals has also swayed Dogecoin's popularity.

On May 8, 2021, the price of Dogecoin hit an all-time high of $0.7376. This bullish movement has increased its market cap to $24,019,207,670. Analysts say that this upgraded cryptocurrency is worth buying in August with its recent adoptions and listings.

Walletinvestor predictions say that the price is expected to reach $0.2 by the end of the year. With its strong community support, Dogecoin is predicted to show continuous growth in the upcoming months.

Read More: Dogecoin Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Ripple (XRP)

XRP is a prominent cryptocurrency that aims to penetrate the entire traditional financial system by integrating its advanced technology. Working with banks and other financial institutions makes cross-border payments easier, faster, and cheaper.

XRP was all set for a tremendous takeoff after a strong breakout from a long-term resistance of 3 years just before the SEC lawsuit in 2020. Despite a temporary downfall created by the lawsuit, their eventual win helped sky-rocket the XRP price to $0.35 as of writing.

Apart from the favourable win, Ripple's collaborations with financial institutions and big guns in the market like Accenture, BFC Bahrain, etc., have also led crypto analysts to expect a high rise in XRP price patterns. They predict that XRP is an upgraded cryptocurrency worth buying in August as its price will likely hit a mark of $1 soon.

According to predictions, Ripple's plan to expand the network on the conventional capital market, DeFi and smart contract adoptions, and a winning lawsuit will drive XRP value high, making it the best long-term investment option.

Read More: Ripple Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Ethereum (ETH)

A blockchain project that allows people to build decentralized applications, Ethereum has always been a popular option for investors, traders, and institutions alike. For a long time, Ethereum has been the blockchain of choice for all the most significant DeFi projects like Uniswap, Maker, Aave, SushiSwap, etc. 

ETH reached its all-time high of $4,891 on 16th November 2021. Thanks to DeFi and DApps adoption, the price of ETH is predicted to rise in the coming years. Analysts predict that the initiation of the ETH2.0 upgrade will make Ethereum the best to buy in August 2022.

The new upgrade promises to process transactions faster and increase the network scalability by migrating from a Proof-of-Work to a Proof-of-Stake mechanism. Later in the year, Ethereum is expected to enter a host of partnerships with established institutions which will drive ETH to explode by the end of 2022.

Experts like Simon Dedic, the managing partner at Moonrock Capital, have also predicted the long-term price of Ethereum. He says that with all the development in place, ETH could go up to $9000 in the coming years, making it the best buy in August 2022.

Read Also: Ethereum (ETH) Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

4. Cardano (ADA)

With its advanced features and DeFi adoptions, Cardano has been a significant player in the crypto space. It has soared to be a viable competitor to Ethereum with its Proof-of-Stake mechanism, which Ethereum has been aiming to establish for a long time.

Thanks to the mathematicians, crypto researchers, and scientists behind the coin, it guarantees complete security, scalability, and sustainability. The whole system is thus based on peer-reviewed research randomly selecting miners to accept transactions.

ADA has a massive community base as it aims to become the dApp platform and digital coin that provides financial inclusion to the unbanked people, unlike ETH. With a layered architecture, Cardano facilitates smart contracts ensuring scalability, adaptability, and security.

Crypto analysts have predicted a strong surge in its price, breaching a value of $3 soon. It trades at $0.5, with a market cap of $17 billion, securing the 7th position in the CoinMarketCap ranking as of writing.

Check Out: Cardano (ADA) Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

5. Tron (TRX)

Tron aims to transform and expand how digital content is being shared and published. It provides its users complete control over one's data and enables them to publish, share, store, and own their data.

Tron is known for its detailed 6 stage development plan that features its entire program from 2017 to 2027. If things go accordingly, Tron will become a platform where people could invest in exciting games and contribute to the gaming sector.

Like other cryptocurrencies, 2021 was a fertile ground for Tron. Crypto analysts predict that this upgraded token is worth buying in August as it has a series of developments that will drive its price to a value of $0.08-$0.10 by the end of 2022.

Tron has also announced its plan of a new project, named Tron Arcade, a 100 million worth gaming fund that will be released in 3 years. This will further boost its adoption among artists, musicians, and others in the entertainment industry. Trading Beasts price forecast says that the present rate of Tron, which is $0.066, could rise higher to an average of $0.10 by the end of 2022.

Read Also: TRON Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

6. Uniswap (UNI)

Uniswap is an ERC-20 token, which is also a decentralized crypto exchange for cryptocurrencies that runs on the Ethereum blockchain. It has gained much popularity in a brief period with its unique features like high liquidity pool, swapping, security, etc.

Using Uniswap, investors can easily swap their cryptocurrency holdings directly from the Ethereum wallets. It eliminated the need for exchanges to have custody over their funds, adding a layer of security and reducing the risk of hacks. 

UNI, the native token of Uniswap, provides its users with governance rights and several other special privileges. By giving them voting rights, the token holders can participate in fundamental development decisions in the network.

With the decentralized exchange enjoying colossal success and Uniswap's third iteration - Uniswap V3, analysts say that it is the best-upgraded cryptocurrency to buy in August. The new development will further feature high liquidity, flexible fees, and several other features for its users.

Experts at Digitalcoinprice predict that the outlook is incredibly bullish for UNI. It says that the price of UNI will rise to an average value of $11 by the end of 2022. Long-term forecasts predict that the price is expected to triple in the coming year, making it a suitable long-term investment coin.

Read Also: Uniswap (UNI) Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

7. Chainlink (LINK)

Chainlink attempts to bring the gap between blockchain technology-based smart contracts and real-world applications. It is a unique but undervalued crypto project that aims to bring interoperability to the blockchain industry. 

It plans to bridge the gap by decentralizing the internet and was gaining much traction in 2021. It can expand smart contracts and allows data accessibility for events and transactions. 

With its new upgrade, Chainlink 2.0, to be launched soon, optimism seems to be catching up with price predictions of Chainlink for both the long and short term. The upgrade is expected to build off-chain networks on top of the oracles. This is intended to make the execution of smart contracts effortless and cheaper. 

Most analysts say that LINK is one among the upgrading cryptocurrencies worth buying in August, as its price may reach about $9-$20 by the end of 2022. 

Check Out: Chainlink (LINK) Price Predictions

buy chainlink

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

8. Litecoin (LTC)

Litecoin is a proven alternative to Bitcoin but with a much faster transaction time. LTC is often the best opted, cheap, and super safe payment gateway for microtransactions. For the same reason, small businesses worldwide have widely accepted LTC as a mode of payment.

It is a classic altcoin with more than six years of experience and a series of developments behind it. Therefore, Litecoin is highly flexible enough to incorporate new software updates and technologies. It has a built-in scarcity with a total of 84 million Litecoins, of which 70.6 million is already in circulation.

LTC is one of the biggest cryptocurrencies by a market capitalization of $3.69 billion as of writing. With its latest surge in price, LTC hopes to put its last few turbulent years behind and look forward to a new all-time high in 2022.

Litecoin is currently traded at around $52 as of writing, making it a worth buy in August 2022. Experts of Walletinvestor predict that Litecoin is on a clear breakout, expecting a bullish ride throughout the year. As per their predictions, it can rise to $165 by the end of 2022. At the same time, the Coin Price Forecast suggests that LTC's highs could reach as much as $87 by the end of this year.

Check Out: Litecoin Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

9. Solana (SOL)

From its new all-time high of $260 on 6th November 2021, to a $100 million investment in the crypto, Solana is instilling much excitement in investors and traders alike. It is a unique cryptocurrency that is a fast, secure, and censorship-resistant blockchain providing the open infrastructure required for global adoption.

It is a much cheaper and faster alternative to platforms like Ethereum. With a hybrid protocol facility, Solana has less validation time for executing both smart contracts and transactions. Its distributed ledger network scales up to 65,000 transactions per second without compromising the network security.

Solana's newest upgrades, including the Star Atlas (tweet), Solstarter, and Raydium (tweet), aim to expand its blockchain network garnering much traction from investors. Recently five strategic investment funds have invested $100 in Solana, making it a valuable investment choice for August 2022.

Several analysts predict that the price of SOL is going to surge higher by the end of this year with all its developments and investments. Experts from the Walletinvestor think that SOL can rise higher to $71 by the end of 2022. Additionally, Coin Price Forecast has a less bullish prediction, a price of $63 by the end of the year.

Don't Miss:  Solana Price Predictions

buy solana

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

9 Upgraded Cryptocurrencies Worth Buying In August: The Bottomline

Several cryptocurrencies saw their biggest boom in 2021. With advanced blockchain technologies, the crypto space is flourishing with opportunities for traders, investors, and institutions. If you are wondering which cryptocurrency to invest in now for a future return, here’s a list of tokens that analysts say are the top 9 upgraded cryptocurrencies worth buying in August for securing a wealthy future.

eToro – The Best Platform To Buy Cryptocurrencies

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Read more:

What are NFTs? Non Fungible Tokens Explained

10 Cryptocurrencies with Strong Buy Ratings

The Psychology of Trading Cryptocurrencies

How Much Money do I Need to Trade Cryptocurrencies?