Analyst Predicts August Altcoin Surge: Must-Buy Altcoins

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Ethereum is expected to grow due to strong developer activity, while Solana benefits from upgrades and ETFs.
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A crypto analyst through his YouTube channel shared his top altcoin picks he expects to surge in August 2024 and beyond, starting with an analysis of August’s historical performance in the crypto market.

While August has been historically a negative month for the financial market, the analyst emphasizes that digital assets like Bitcoin and Ethereum outperformed other traditional asset classes like bonds, gold, and the NASDAQ over the past 14 years.

Ethereum (ETH) takes the top spot on the analyst’s list. With strong developer activity and increasing adoption of layer 2 scaling solutions like Optimism and Arbitrum, ETH is poised for significant growth. However, its current inflationary nature due to low transaction activity raises concerns. The analyst also discusses the impact of upcoming Ethereum Improvement Proposals (EIPs) on the network’s future.

The analyst touts Solana (SOL) as the “comeback kid” of cr…

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