2 Analysts analyzed altcoin projects on Binance, the world’s largest cryptocurrency exchange. Accordingly, they specifically predict that 4 altcoins will rally.
Altcoin projects that will rally on Binance
We, as Kriptokoin.com, have compiled the list prepared by analysts by paying attention to the latest project developments and price movements. Some of these altcoin projects have experienced or are preparing to experience major developments recently. Here are the details…
Flux (FLUX)
First on the list is Flux. Altcoin has been gaining in value lately as it is a cryptocurrency that can be mined with mining rigs. Reaching its all-time high on January 3, FLUX had a unit price of $3.33 at that time. Reviewing the month of July, we see that the cryptocurrency’s lowest value point was $0.3991 on July 13. However, the highest point of value was $0.5826 on July 31.
So for Flux, there is an increase of $0.1835, or 46%, in July. With this in mind, we can expect FLUX to reach a value of $1.5 by the end of August 2022. Based on these reasons, analysts say FLUX is a solid cryptocurrency.
Injective (INJ)
Injective (INJ) has raised $40 million for enhanced Web3 funding. So the altcoin increases its overall attractiveness and value. Looking at its price, INJ was worth $1.61 on August 19, 2022. The cryptocurrency hit its highest level on April 30, 2021. It had a value of $24.89 at the time. In the July 2022 performance, the INJ had its lowest value point at $1.13 on July 13. However, the highest point of value was $1.52 on July 30.
So Injective gives an indication that it has increased by $0.3899 (34%) in July. Based on all this, investors might want to buy the INJ cryptocurrency as we can expect INJ to reach $2.5 by the end of August 2022.
Flow (FLOW)
Flow (FLOW) was one of the best cryptocurrency performers recently. It is still among the top cryptocurrencies in the green. In fact, his last rally has a lot to do with his confusion with Marc Andreesen’s backed real estate startup Flow. However, there is a lot going on in the FLOW cryptocurrency that could play well in price action.
One is the noticeable increase in the number of NFTs launched on the Flow Blockchain. These increase the demand for altcoin asset FLOW. If the tide changes and the broader market turns bullish again, FLOW will likely outpace most cryptocurrencies by a substantial margin.
Ethereum (ETH)
Ethereum (ETH) has been the top cryptocurrency player recently. In addition, it surpassed the crucial $2000 level on August 14. In the short term, Ethereum will likely outperform the broader market. Because as the Merge upgrade approaches, investors are expecting a bigger price rally. Many analysts are already optimistic that Merge will positively affect the Ethereum price.
For example, Bitmex co-founder Arthur Hayes believes that the price of ETH could rise due to a mix of investor expectations and the deflationary nature of Ethereum. He added that the price will continue to rise for years until every person has an Ethereum wallet. So the leading altcoin could make big gains if the broader market turns green again in the coming days.
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