August is here, and the crypto market might finally be waking up. While Bitcoin and Ethereum have been a bit quiet, some smaller altcoins are starting to move fast. One analyst has listed four altcoins that are showing bullish moves this month and also revealed why they could be good picks for August.
TON: Quiet Now, But Big Things Coming
TON is one of the top picks for August. The price hasn’t moved much yet, it’s sitting around $3.40—but there’s a big reason for excitement. A new investment vehicle, called the TON Treasury, is expected to launch soon. This could give U.S. investors their first easy way to buy TON, since it’s not on Coinbase or Kraken right now.
With TON’s large ecosystem and big user base, this move could bring in a lot of new buyers and push the price up fast.
Sonic: Still Low, But Waking Up
Sonic is another altcoin that’s getting attention. Right now, it’s trading around $0.30 and has mostly stayed quiet since launch. But that could change quickly. The team behind Sonic is known for strong marketing, and the price is starting to move after a long period of building and development.
Sonic could return to its old highs around $1 if things go right. It’s still early, which makes it an interesting bet for August.
Ethena: A Quick Mover
Ethena (ENA) was called early in Front Runners and quickly went up by 17%. It’s not a large coin, but it’s moving fast. For traders who like quicker gains, Ethena is one to watch closely. It may not be a long-term play, but in the short term, momentum is on its side.
