Altcoins
3 Hidden Treasure Altcoins That Can Generate Gains in August
The cryptocurrency market has seen a recovery over the past month, which has seen many altcoins make gains and take top spots in their fields.
BeInCrypto has selected these tokens to showcase three assets that could continue their growth over the next month.
Undead Games (UDS)
Undead Games has seen considerable growth in the past month, becoming a major player in the gaming industry. The protocol has partnered with big names such as Warner Bros., Immutable X, and Machinations, among others, giving it credibility.
UDS has surged by over 222% over the past month, trading at $1.70. During this run, the gaming token also set an all-time high of $2.43 before seeing a sharp decline over the past 24 hours.
Learn more: Blockchain Gaming: Keys to the Metaverse Castle
UDS Price Analysis. Source: TradingView
The altcoin is currently down 24% as the market appears to be calming down and is facing profit-taking. However, the long-term projection for UDS is growth, provided it can turn $1.88 into a support floor. This will allow the altcoin to reach a new all-time high.
zKML (ZKML)
ZKML is an artificial intelligence (AI) token that has outperformed major altcoins such as NEAR ProtocolRender (RENDER) and the new Alliance for Artificial Superintelligence (FET).
Up 394% in the past month, the altcoin is valued at $0.2959. This has allowed ZKML to secure $0.2605 as a support floor and could bounce back towards $0.3467. Given that the AI token is currently seeing considerable inflows, its upside could continue through August.
Learn more: How to Invest in Artificial Intelligence (AI)-Based Cryptocurrencies?
Losing this support, however, could invalidate the bullish thesis, which could push the price back to $0.1759. If investors see their losses piling up, they could choose to sell for profits and exit the market.
Lumerin (LMR)
Lumerin isn’t as unknown as the other two tokens on this list; however, it’s still an asset that many haven’t come across. The flagship token Real World Asset (RWA) is a leader in its field, having increased by over 142% during the month of July.
LMR price is on the verge of breaking through the resistance at $0.026 to reach a support floor, something it attempted and failed to do earlier this month. This is essential to ensure consistent growth for LMR, which could see it bounce back past $0.030 towards $0.040.
Learn more: How to Invest in Real World Crypto Assets (RWA)?
Nevertheless, changing market dynamics could potentially hurt recovery prospects if support at $0.020 is lost. This could further extend losses if the LMR falls to $0.010 or below.
Disclaimer
In accordance with the Trust Project This price analysis article is provided for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.