The post Experts Are Tipping These 3 Altcoins to See Significant Gains in August appeared on BitcoinEthereumNews.com.

August has just begun, and the crypto market is ready for massive rallies. Traders are actively searching for coins that could potentially deliver the highest gains, but analysts have already made their top gainer predictions. These are Cardano, Dogwifhat and Rollblock. Here’s why each project is expected to soar.  Expert Traders Are Buying Cardano (ADA) Dip  Cardano (ADA) has been on a downtrend since March. Even though Cardano managed to find some stability in mid-July, that sentiment didn’t last for long. At the time of writing, Cardano is trading at $0.3848 after an intra-day dip of over 2%. Major trading platforms like Binance and OKX are seeing a huge influx of Cardano, hinting towards a major sell off.  Despite these bearish indicators, some analysts are hopeful about a huge rebound. A recent report highlighting how Cardano’s negative funding rates have increased is hinting towards an oversold condition. Historically, reaching the oversold territory means that a coin is set to make a sharp recovery soon. If that stands true, then Cardano investors may be able to reap huge gains in August by buying the dip.  Dogwifhat (WIF) Price Plunges 6% in One Day  Even though Dogwifhat (WIF) was showing signs of recovery in mid-July, the memecoin has now plunged to a lower low. At the time of writing, Dogwifhat (WIF) is trading at $1.90 after a massive intra-day decline of 6%. This downtrend is not news for Dogwifhat holders since the memecoin has fallen 27.85% in the past seven days. Should it continue to fall, analysts fear that Dogwifhat could drop below $1.50.  Despite this poor performance, analysts are anticipating a huge climb for Dogwifhat in August. The memecoin’s Chaikin Money Flow (CMF) shows that the decrease is short-lived since selling pressure is still low. If the bulls take charge, then…

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Filed under: News - @ August 5, 2024 1:14 am