The market is showing bullish signs as the cryptocurrency industry approaches more favorable periods in August and September. The Fear and Greed Index recently turned toward Greed, indicating increased investor confidence, although it is uncertain whether this trend will continue.
Various cryptocurrencies are gaining traction, and several promising cryptocurrencies are likely to perform well in the coming weeks and months. As market sentiment continues to change, investors remain cautious but hopeful that the positive momentum will continue.
As market sentiment turns bullish, this article lists cryptocurrencies worth considering buying right now.
VX:ZLH1156
TON
Toncoin has shown amazing growth and potential in the cryptocurrency market. Initially launched in 2021, Toncoin experienced a significant drop in its market cap, but has seen an amazing rebound as it has been integrated with the Telegram ecosystem and decentralized applications (dApps).
By early 2024, $TON’s market cap had surged from $7 billion to over $20 billion, reflecting a strong recovery. Despite the impressive rally, Toncoin is currently dealing with several economic challenges related to token supply and market cap dynamics.
The token’s latest developments include the upcoming launch of “Ton Teleport Bitcoin,” a bridge that enables Bitcoin transfers over the TON network. This innovation is expected to enhance security and reduce transaction costs, further increasing the utility and value of Toncoin.
With its solid fundamental support and innovative features, $TON is poised for potential growth and could reach a market cap between $40 billion and $60 billion in the future. So far, the token has demonstrated resilience and consolidation, making it a worthy candidate to consider in the evolving crypto market.
MEW
Cat in a dogs world is a striking meme coin that is gaining attention. Despite its quirky name, this Solana-based project has a low market cap of around $700 million, which suggests that it has great growth potential. It has recently shown strong recovery momentum, which means that it may perform well in the upcoming bull run.
The $MEW token mechanism includes a total supply of 88.8 billion, 90% of which is destroyed in the form of LPs and 10% is airdropped to the Solana community. This deflationary nature, coupled with the solid performance on the charts, indicates a bright future outlook.
The price has recently shown an impressive uptrend and if this trend continues, $MEW could hit new all-time highs. Its presence on multiple exchanges and strong community support give it the potential to grow further.
ETH
Ethereum is expected to make significant progress in the current bull run. Although ETH has recently hit a high of $3,500, it has not yet reached the all-time high of $4,600 set in the previous cycle. The cryptocurrency market has been highly focused on Bitcoin, with Bitcoin ETFs and halving news dominating the headlines.
Still, Ethereum remains a major player with huge growth potential. Currently, Ethereum is trading around $3,200 with a market cap of $392 billion.
It is worth noting that ETH is consolidating strongly at $2,700, which is considered a solid support level. I think ETH could surge to between $5,000 and $6,300 and potentially set new highs.
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