😱🚀🚀Analyst: Here are 5 Altcoins to Have on Your Radar in August!
The first-ranked altcoin: #FLOW ($FLOW ) Flow will witness the development of the Crescendo Network Upgrade, which will be launched on Testnet on August 14. The major focus of the application is its scalability and decentralization. This is expected to demand the FLOW price, which is currently trading at $0.65, and increase the rally.
A break of the resistances at $0.81 and $0.96 could see the altcoin price rise to $1.00. However, failure to do so could result in a consolidation below $0.96, as FLOW did between mid-April and mid-June.
Conflux ($CFX ) is in second place. Conflux is about to undergo a major hard fork targeting the storage and overall security of the network. The hard fork, scheduled to take place on August 6, will make several changes to Proof of Stake (PoS). The altcoin price is likely to see some potential upward volatility during this time. This could help the altcoin break the 0.17 and 0.14 investment. It is also possible that it will prevent the Conflux distributions in early June. However, in the presence of currency bears, this consolidation is likely to continue. It is even possible that the breakout of the 0.14 support will intensify and the price will pull back to the $0.10 level.
We continue the list with Starknet (#STRK ). Starknet is preparing for the next expansion planned for August. This upgrade will provide the network with the feature of parallel execution. In addition, after this increase, the transaction per second (TPS) capacity is expected to increase to 250. At the same time, the recovery from the all-time lows seen in early August will also help the STRK price. The altcoin is currently trading at $0.456, having slightly recovered from 0.424 ATL. It is possible that the reversal will send the $STRK price towards the resistance in the 0.619 circle. A break and reversal of the resistance could lead to further recoveries, pushing the price towards $1.043 and above.
