1. WHAT
Market value: $4.06 billion
Launched in 2021, the Kaspa cryptocurrency uses the GHOSTDAG protocol, working on blockDAG for fast confirmations and high block rates. Kaspa uses a Proof of Work (PoW) consensus mechanism similar to Bitcoin (BTC) and is on the top of altcoins with the potential to hit new all-time highs. Since its launch, KAS has surged more than 88,762% and 391% in the past 1 year. The price has outperformed 88% of the top 100 crypto assets including Bitcoin and Ethereum in 1 year. It has been setting new highs since June until August 1st.
2.BNB
Market value: $79.18 billion
BNB is the fourth most valuable cryptocurrency and the first major altcoin to hit a new all-time high in June during the 2021 bull run. Since its launch in 2018, BNB has risen by more than 470,876% and 150% in the past year. It is currently trading at $542, 24.95% below its all-time high.
BNB has formed a symmetrical triangle pattern on the weekly chart, indicating a bullish or bearish trend, so checking other indicators is crucial. For BNB, BeInCrypto is watching the 50-day exponential moving average (EMA), which tracks the direction of the trend over a period of time and may provide clues about the coin’s future movements.
If buying pressure on BNB increases in September, it could outperform other leading altcoins and potentially set a new all-time high, perhaps around $750. However, this could be threatened if the launch of CZ is delayed or if market interest in BNB declines.
3.OM
Market value: $772 million
Mantra (OM) positions itself as the second largest real world asset (RWA). MANTRA is a revolutionary blockchain built for security and high scalability. OM hit an all-time high of $1.42 on July 22, but has since fallen 34% from that height. Since its launch in January 2021, OM has surged more than 292% and 4,814% in the past 1 year.
From a technical perspective, OM has formed a falling wedge pattern on the daily chart. The pattern is defined by two descending trendlines connecting the asset's highs and lows. Traders often view a falling wedge as a bullish signal because the narrowing trendlines suggest that sellers may be losing momentum.
If buyers take advantage of this potential drop in selling pressure, a sharp rebound could occur. For OM, a breakout above the 38.2% Fibonacci level could mark the beginning of a climb to new all-time highs. However, the 61.8% golden ratio at $1.15 could act as a resistance point for the price. If OM breaks above the $1.15 resistance, it could move above $1.42. If it again breaks below the lowest point of the descending wedge, the price could drop to $0.62.
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