🔥 4 Altcoins You Should Watch in August 2024

The crypto market exhibited mixed signals in the month of July: many altcoins noted exceptional growth while other suffered.

🔸 Flow (#FLOW )

Flow is set to witness the arrival of the Crescendo Network Upgrade, which will be launched on the Testnet on August 14. The deployment’s biggest focus is enhancing the network’s scalability and decentralization.

This is expected to push the demand and bullishness surrounding the FLOW price, which is currently trading at $0.65. Breaching the resistances at $0.81 and $0.96 could push the altcoin beyond $1.00

🔸 Conflux (#CFX )

Conflux is about to undergo a major hard fork, which is aimed at improving the network’s performance, security, and overall functionality. The hard fork, scheduled for August 6, will bring multiple changes to the network, including a potential increase in the Proof of Stake (PoS) lock/unlock/retire periods.

The CFX price could see some volatility around this time, potentially for the good. This could help the altcoin break the consolidation of $0.17 and $0.14 and aid Conflux in recovering the early June losses.

🔸 Solana (#SOL )

Solana became an institutional favorite during the month of July as it became the altcoin with the highest inflows after Ethereum. Racking up $27.6 million as of July 26, SOL outperformed Litecoin, XRP, and Chainlink.

This could help SOL successfully achieve the 31% rally target presented by the bullish double-bottom pattern. Solana’s price could, as a result, hit the price of $245.

🔸 Starknet (#STRK )

Starknet is preparing for its next upgrade, which is scheduled for the end of August. This upgrade will introduce Parallel Execution to the network, and the transaction per second (TPS) capacity of the network is expected to increase to 250 following this upgrade.

This would also help STRK’s price recover from the all-time low it established at the start of August. The altcoin is currently trading at $0.456, recovering mildly from the ATL of $0.424.