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In August 2024, four cryptocurrencies may show a record in terms of value increase.

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01.08.2024

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As experts pointed out, during July the token's value grew by more than 50%, thanks to which the asset was recognized as the best for the last month. In August, MANTRA may also show good dynamics and overcome the $1.42 mark reached earlier.

Technical indicators indicate that MANTRA (OM) is receiving support from large investors who continue to accumulate the token. In addition, the number of addresses holding between 1 million and 10 million OM has increased over the past 30 days. If the momentum continues, MANTRA's price will be at least $2 in August.

Solana (SOL) is another asset that has a high chance of updating the historic high. It should be noted that just a couple of days ago, the open interest in the coin rose to the annual maximum, and the number of active addresses in the network reached the maximum for 3 years.

According to experts, if further growth dynamics is maintained, the Solana rate may update the historical maximum. If SOL exceeds $200 in August, it can show even greater growth in the fall of 2024, analysts believe.

Toncoin (TON) is indicated as the third asset that can show growth. Despite the fact that it faced strong resistance in July 2024, the chances of updating the historical maximum remain. From a technical point of view, there is a depletion of sellers and slow growth on the charts. If this trend continues, the price could break the resistance at $7.45 and overcome $9.