● ETH, DOGE, SOL, ADA surged in August compared to July.
● DOGE rallied over 16% in the intramonth trading.
● Coins such as XRP and AVAX comparatively downsized in August.
The crypto market has been experiencing several price prediction news centered on Ethereum merge, Cardano’s Vasil upgrade, the usual “red September,” and other economic factors. Based on these contexts, many crypto experts forecasted both uptrends and downtrends for the market in August. However, the market was mostly at a dip.
Contextually, there are around 20 coins by market cap that mostly took the soaring approach in August. Compared to July, coins such as Bitcoin, Ethereum, Dogecoin, Solana, Polkadot, and Polygon slightly surged. But, notably, not all of these coins performed well in their uptrend.
The crypto head Bitcoin slightly surged by 2.47% in August. However, this surge is not an appreciable one as the coin has been trading at around $19,000 since August 27. Today, at the press time, the coin came back to $20,000 from the $19,000 dip. Also, BTC had steep fall on August 19 which was an 11.8% downfall and experienced a 7.7% dip on August 26.
Meanwhile, Ethereum comparatively performed well with a 13% spike in the intramonth trading. This was mainly due to its upcoming PoS Merge, and many analysts foresaw that the coin could further hike in September. Currently, the coin is trading at $1,595.76.
Cardano also had a few intraday surges in August. Its monthly trading chart shows a 7.7% increase in price compared to July. Like ETH, the crypto analyst also predicts ADA to surge in the context of the upcoming Vasil hard fork upgrade.
Dogecoin is on the top list of most surged coins in intramonth trading. It traded around a high of 16.36%. However, the coin nosedived starting from August 17, which is a 29% decline, as of now.
Moreover, other coins that slightly gushed in August compared to June are Solana (1.7%), Polkadot (5.4%), Polygon (3.22%), Shiba Inu (7.5%), TRON (0.6%), Wrapped Bitcoin (WBTC) and Ethereum Classic (ETC).
Meanwhile, there are a few coins in the top 20 list by market cap, that signaled red in August. These are XRP, Avalanche, UNUS SED LEO, and Uniswap.
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