Cryptocurrency Revolution: Invest in the Top 10 Coins of 2023
• This article looks into the top 10 cryptocurrencies that have the potential to ignite the global crypto market in August 2023.
• Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) are some of the most popular digital assets that have been making waves in the market.
• Taking current price action, daily charts, and resistance levels into account, these cryptocurrencies may reach new highs soon.
Top 10 Cryptocurrencies To Buy in August 2023
The world of finance is constantly evolving with cryptocurrencies emerging as a revolutionary force. With many digital assets available, this article explores the top 10 cryptocurrencies that present an opportunity for growth in August 2023.
Bitcoin (BTC)
Bitcoin (BTC) was created in 2009 and has since become a household name with its price increasing significantly since 2017 when it was valued at $1014. As of July 29, 2023 Bitcoin’s value is around $29,278 representing an increase of more than 3000%. The BTC daily price chart indicates that the current price action has dropped below the short-term 50-day exponential moving average (50 EMA). If Bitcoin crosses its resistance level of $29947 it may reach $30,374 soon.
Ethereum (ETH)
Ethereum (ETH) is another popular cryptocurrency which had a worth of $10 back in February 2017 but now stands at around $1,871. The ETH daily price chart suggests that it is nears to its short-term 50 EMA which signals an attempt to correlate prices. Additionally, if Ethereum crosses its resistance level of $1,917 it may reach $2,018 soon.
XRP (XRP)
Ripple’s partial victory against the SEC saw XRP show strong growth over a year ago with its current value being around 0.7087 USDT as of writing. The XRP daily chart shows it nearing its short-term 50 EMA which could signal an attempt to correlate prices while if XRP breaches above its resistance level ($0.722) then it will likely reach towards $0.735 USDT soon after consolidating above this figure for some time..
Other Cryptocurrencies
Apart from Bitcoin (BTC), Ethereum (ETH), and XRP other popular digital assets include Litecoin (LTC) which traded at around $156 currently; Cardano ADA which traded at around 1$; Binance Coin BNB traded at around 325$; Polkadot DOT traded at approximately 42$; Uniswap UNI traded at roughly 27$; Dogecoin DOGE traded at approximately 0.32$. These currencies also hold potential for growth due to their participation and adoption within various industries and sectors worldwide
Final Thoughts
The world of cryptocurrency is ever changing with various digital assets showing promise for future growth opportunities depending on their adoption by different markets or industries globally along with changes seen on their respective daily chart pricing actions and support/resistance levels
