3 Hidden Gem Altcoins Poised for Gains in August 2024

3 months ago 32

The crypto market has noted recovery over the past month, and it has resulted in many altcoins striking gains and taking top spots in their fields.

BeInCrypto has curated these tokens to present three assets that could continue their growth in the next month.

Undead Games (UDS)

Undead Games has seen a considerable rise this past month as it became a leading asset in the gaming sector. The protocol has partnerships with major names such as Warner Bros., Immutable X, and Machinations, among others, giving it credibility.

UDS has risen by more than 222% in the past month, changing hands at $1.70. During this run, the gaming token also established an all-time high of $2.43 before noting a sharp decline in the last 24 hours.

The altcoin is currently down by 24% as the market seems to be cooling down and is met with profit-taking. However, the long-term projection for UDS is growth, provided it can flip $1.88 into a support floor. This will enable the altcoin to form a new all-time high.

zKML (ZKML)

ZKML is a token in the Artificial Intelligence (AI) sector that has outperformed major altcoins such as NEAR Protocol, Render (RENDER), and the newly formed Artificial Superintelligence Alliance (FET).

Up by 394% in the last month, the altcoin is valued at $0.2959. This has resulted in ZKML securing $0.2605 as a support floor and could bounce off towards $0.3467. Given that the AI token is noting considerable inflows at the moment, its rise could continue into August.

Losing this support, however, could invalidate the bullish thesis, which could pull it back down to $0.1759. If the investors see losses building up, they could opt to sell for profits and exit.

Lumerin (LMR)

Lumerin isn’t as unknown as the other two tokens on this list; however, it is still an asset many have not encountered. The Real World Asset (RWA) star token is a leader in its space, having risen by more than 142% over the month of July.

It is inching close to flipping the resistance at $0.026 into a support floor, which it attempted and failed earlier this month. This is key in ensuring consistent growth for LMR, which could send it rallying beyond $0.030 towards $0.040.

Nevertheless, the changing market dynamics could potentially hurt the prospect of a recovery if the support at $0.020 is lost. This could further extend the losses as LMR falls to $0.010 or lower.

The post 3 Hidden Gem Altcoins Poised for Gains in August 2024 appeared first on BeInCrypto.

Read Entire Article