As of August 2024, the crypto market shows mixed trends. On the one hand, major cryptocurrencies such as Bitcoin and Ethereum show weak dynamics. Bitcoin, for example, continues to hover below the $60,000 level, which is quite low compared to previous months. Despite some attempts at recovery, the general trend remains pessimistic due to low trading volumes and lack of significant investment
Ethereum, on the other hand, is showing some signs of recovery, notably due to the growing interest in the Ethereum ecosystem and its role in new DeFi projects and NFTs. This cryptocurrency was able to grow by approximately 2.8% over the past few days, which indicates a possible gradual recovery in demand
Among altcoins, it is worth noting positive movements in such currencies as Solana, XRP, and Toncoin. Solana in particular is attracting attention due to its success in launching new products, which has led to a noticeable increase in activity on the platform. XRP also shows positive dynamics thanks to court decisions and new partnerships, which strengthened its position in the market.
