Top 5 Crypto to Buy In August 2023 - Huge Potential

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Popular YouTube and Discord analyst Jacob Crypto Bury reviewed five high potential picks for the top cryptos to buy in August 2023, including several brand-new projects currently at the presale stage. Bury’s expertise shone through as he examined the unique features, underlying technologies, and development teams behind these nascent digital assets.

By scrutinizing factors such as utility, scalability, and market demand, he provided viewers and readers with a well-rounded perspective on the potential risks and rewards associated with each investment.

As the crypto market continues to evolve rapidly, Bury’s insights serve as a valuable guide for both newcomers and seasoned investors seeking to navigate this dynamic landscape with informed decision-making.

Hedera (HBAR)

Hedera (HBAR) distinguishes itself by harnessing the capabilities of distributed ledger technology to establish a scalable platform. Leveraging its distinctive consensus algorithm, Hedera facilitates swift transactions, positioning it as a promising contender for real-world applications.

Recent developments reveal that the Hedera Hashgraph-powered Dropp micropayment technology now serves the US Federal Reserve’s FedNow, leading to a notable surge in the Hedera price.

Positioned as the 30th cryptocurrency by market capitalization, Hedera holds a value of $0.0651 and a market cap of $2.1 billion, having risen by 15.13% within the last 24 hours. Support levels for Hedera Hashgraph are identified at $0.0559, $0.0528, and most stronger at $0.0510. Correspondingly, resistance levels are situated at $0.0608, $0.0626, and $0.0657.

Technical analysis suggests a projected 5.74% increase for Hedera, potentially reaching $0.0658 by August 21, 2023, if the higher value target is attained. An outstanding strength of Hedera Hashgraph lies in its seasoned team of experts, a product of the Hedera Governing Council consortium.

Comprising entities like IBM and Google, this team brings extensive expertise, resources, and leadership skills, instilling confidence in the project and rendering it an appealing investment choice for cryptocurrency enthusiasts.

Watch the video above for the complete overview of the top crypto to buy in August, follow his YouTube channel for more crypto-related videos. Jacob Crypto Bury also runs a Discord server with 15,000 members, where users can get trading tips and learn about the upcoming crypto presales.

Sonik Coin (SONIK)

Unveiled recently, Sonik Coin (SONIK) emerges as a freshly launched meme coin, embarking on a high-potential presale phase. In stark contrast to other meme coins of recent times that lack utility, SONIK introduces a strong staking mechanism, offering significant potential rewards for participants.

Aspiring to attain the stature of the next Pepe and reach a market cap of $100 million, SONIK’s staking approach not only incentivizes holding but also ensures an extended project lifespan by providing rewards across a four-year span.

Billionaires are buying YOUR bagshttps://t.co/s1fTdXDQCK pic.twitter.com/XEsesdYlSd

— SONIK COIN (@Sonikcoin) August 18, 2023

While drawing inspiration from the popular video game franchise Sonic the Hedgehog, it’s important to note that $SONIK is independent from the Sega character. Anticipated to make waves in the crypto market, the project maintains a modest hard cap of merely $2,098,547, possibly resulting in a swift sellout within a matter of weeks.

During the presale, 50% of the token supply is available for purchase through a single round at a fixed price of $0.000014. A substantial 40% of the supply will gradually unlock over four years as part of staking rewards, ensuring an extended project lifespan compared to many recently launched meme coins.

The remaining 10% is reserved for liquidity upon $SONIK’s launch on the Uniswap DEX after the presale phase.

Bitcoin (BTC)

The current price of Bitcoin (BTC) stands at $25,937, reflecting a decrease of -1.8% over the last 24 hours. Moreover, trading volume has diminished by 46% within the same period, indicating waning interest among traders. Despite this recent downturn, Bitcoin has still managed to achieve an impressive nearly 50% year-to-date growth.

Bitcoin retains its position as a prospective investment asset due to its decentralized nature. Unlike conventional currencies, Bitcoin isn’t subject to governance by any single entity, be it a government or financial institution.

Consequently, it operates beyond the confines of conventional rules and constraints, empowering users with greater financial autonomy and reducing the likelihood of political interference or currency manipulation. Transactions involving Bitcoin are typically swifter and more cost-effective compared to traditional money exchanges due to the absence of intermediaries.

This attribute proves particularly advantageous for international transactions, which can often be complex and expensive using conventional currencies. In terms of security, Bitcoin offers a heightened level of protection by utilizing encryption to deter fraud and hacking, making it a more secure investment choice in comparison to many conventional alternatives.

As a deflationary currency, Bitcoin’s value tends to appreciate over time, in stark contrast to traditional currencies that usually depreciate due to inflation, making it an attractive investment proposition.

Wall Street Memes (WSM)

After the triumph of their 2021 NFT collection, which swiftly sold out in half an hour, the team has remained attuned to current crypto trends, recently introducing Bitcoin Ordinals NFTs.

Now, they are embarking on the creation of their own meme coin, Wall Street Memes (WSM), a type of crypto asset that has displayed remarkable performance in recent months. The $WSM token is presently in its presale stage, priced at $0.0337.

With a strong community and notable name recognition across numerous social media platforms, Wall Street Memes boasts a follower count of 1 million. The project’s initial 24 hours generated over $300k, and within a mere 11 weeks, it has garnered investments exceeding $25 million, indicative of strong investor interest.

Cyberbullies when they see that Elon Musk is removing the block button pic.twitter.com/8DS8uDQ7mL

— Wall Street Memes (@wallstmemes) August 18, 2023

The project’s influence has even captured the attention of prominent figures like Elon Musk, who has interacted with its Twitter page twice in the past. To celebrate the WSM presale launch, the team is organizing a $50k airdrop, accessible to holders who engage with their social media channels.

The total supply of $WSM is capped at 2 billion tokens, with the entire supply reserved for the community. Within this distribution, 50% is set aside for the presale, with 30% designated for community rewards, and the remaining 20% earmarked for exchange liquidity.

A noteworthy aspect is the absence of team allocation, ensuring it is a community-driven endeavor with zero risk of a rug pull.

Binance Coin (BNB)

At the time of writing, the Binance Coin (BNB) price is $216.12 with a 24-hour trading volume of $837 million and market cap of $33.25 billion. The BNB price decreased -1.10% in the last 24 hours. Binance Coin achieved its peak value on May 10, 2021, reaching an all-time high of $689.33.

Currently, the RSI value is at 24.39, which indicates that the BNB market is in a oversold position. Binance has launched the opBNB Mainnet, enhancing the decentralized scaling sector by boosting transaction speed, security, and scalability.

Built on Optimism OP Stack Bedrock, opBNB’s comprehensive 1.5-month Testnet phase recorded 7 million on-chain transactions and demonstrated rapid block processing around one second. It supports various tokens, including BNB and stablecoins like BUSD, USDT, and DAI, with minimized transaction costs at a 0.2 gwei Layer 2 gas price.

The Mainnet rollout in mid-August 2023 has distinct stages: initial access for providers and a general user release, driven by defined criteria emphasizing High Availability and 4,000 transactions per second. Governance, outlined in BEP-1, prioritizes democratic processes.

opBNB spurs ecosystem growth with grants and builder programs, while Binance’s roadmap focuses on security, account abstraction, and seamless data exchange. The upcoming decentralized sequencer highlights Binance’s stance on centralization. Beyond the launch, opBNB prioritizes security, community engagement, and broader digital adoption.

Conclusion

Established cryptocurrencies like Bitcoin provide a stable investment choice due to their proven performance and established market presence. On the other hand, presale cryptocurrencies offer dynamic opportunities with higher potential rewards.

While established cryptos offer stability, presales introduce innovation and early entry advantages, demanding thorough research before investing. Both options cater to diverse investment strategies within the evolving crypto landscape.

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