August saw the conclusion of the rally that had brought Bitcoin back to 50 thousand dollars from a low of under 30 thousand dollars in early July. Altcoins started running ahead of Bitcoin instead of sitting back and have achieved incredible gains as a result.
The following list of the top ten cryptocurrencies for August and is arranged according to the percentage gain in market capitalization that each cryptocurrency experienced during the month.
Jealousy (CELO, 120 percent )
A huge daily increase of more than 170 percent occurred on August 30 in the cryptocurrency Celo, which aims to boost smartphone acceptance. Celo currently trades at more over $11. In reality, the vast bulk of this profit has already been recouped, with the stock presently trading at $5.45.
Cardano (ADA, 134 percent )
Many people believe it to be a serious competitor to Ethereum. The Cardano blockchain will begin issuing smart contracts on September 12th. To date, ADA has increased by almost 1600 percent, and it is presently trading at just less than $3 per share.
NEAR Protocol (NEAR, 138 percent )
This is an open-source platform that allows users to create distributed applications (Dapps) on the blockchain. To far, it has increased by more than 300 percent, and it is presently trading at $6.50, which is close to its all-time high.
Audius (AUDIO, 144 percent )
This is a decentralized means of sharing and streaming music that attempts to level the playing field between musicians and customers. Up to this point, the money has increased in value by more than 1500 percent and is presently worth a little more than $3.
Terra (LUNA, 154 percent )
The LUNA token is used to maintain the stability of the network’s stable currencies. Following a significant run-up in August, LUNA is presently trading at little over $33 per share.
Fantom (FTM, 239 percent )
Fantom is a platform enabling decentralized autonomous groups (DAGs) to execute smart contracts (directed acyclic graph). It has grown by 4700 percent since its inception. It’s not far from the previous all-time high of $0.96 set on Sept. 1, which was also a new record.
Avalanche (AVAX, 241 percent )
A layer 1 blockchain that makes use of quick-light transactions is extremely powerful and extremely cost-effective. The AVAX token, which is now trading at $48, has risen in value by nearly 1000 percent every year.
Solana (SOL, 243 percent )
Another blockchain layer 1 that operates at supersonic speeds has been discovered. Solana is backed by Sam Bankman-Freid, the whiz kid CEO of the FTX Exchange, who provided the funding. Solana is placed 7th in the Coin Gecko rankings, with a market capitalization of $40 billion, and is the most valuable cryptocurrency. It was trading at 139 dollars per share at the time of writing.
Revain (REV, 278 percent )
REV is a review system that is powered by tokens and that gives developers with feedback on their projects. Revain has a market capitalization of $2,050 million and is now trading at $0.03 per share.
Arweave (AR, 450 percent )
Arweave, the most successful cryptocurrency in August, is a decentralized storage network that offers a unique value proposition – pay once and have your data saved forever – by utilizing blockchain technology. The AR cryptocurrency is presently trading in excess of $60, having gained more than 2,100 percent in value since its inception in December 2017.