Best Altcoins to Buy Now August 20 - Tron, Nervos Network, Notcoin, Velo

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The influence of Bitcoin price recovery is evident across the crypto market. As BTC makes it across the $60k mark for the second time this quarter, many altcoins also leap past various key resistance levels.

Consequently, the price movement in the alt market may pave the way for the anticipated alt season. Today’s post explores the best altcoins to buy now, particularly as the crypto market approaches the final quarter of the year.

Best Altcoins to Buy Now

Regardless of the overall temperament of the crypto investors, funds inflow into meme coins and presale tokens are currently rising. Thus, upcoming crypto projects, like the Mega Dice token DICE, have witnessed increasing popularity. This post gives a quick overview of the token’s presale.

1. TRON (TRX)

Tron recently joined the list of top 10 cryptocurrencies by market cap. The leap came after the TRX crossed the double-digit billion-dollar valuation. Besides its thrilling valuation, Tron’s Price action also calls for investors’ attention. Apparently, it is one of the few cryptocurrencies that’s posted consistent gains since the BTC dip earlier in the month.

According to CoinMarketCap data, TRX has gained over 20% price increase in the last seven days and not less than 100% in the last 52 weeks. Its performance stands ahead of competing assets like ADA and other altcoins in similar categories.

Are you on @sunpumpmeme? ☀️
Check out their user tutorial to get started!👇 https://t.co/ZWhU2Um922
— TRON DAO (@trondao) August 19, 2024

Inventors looking to get into the altcoins market should take a deep dive into the TRX potential. Generally, the project is out to disrupt the decentralized internet. With the recent progress and evident performance of the token, it’s clear that the platform has the potential to reach its goals.

2. Nervos Network (CKB)

Interoperability and scalability remain one of blockchain’s core challenges. Projects built to solve these problems are known to attract investment interest. Nervos is one of the projects that tackles interoperability.

It uses the Proof-of-work and the Common Knowledge Base concept. It allows Nervos Network to achieve a higher level of security compared to alternatives with the proof of stake features.

CKB Price Chart

Presently, the CKB token has a price of $0.008027 and a market cap of $350 million,430,195. Being a low market cap token in the interoperability sector gives CKB the room it needs to amass more value. Also, the token surpasses the $11 million mark today, which is over 20% higher than yesterday.

At the time of writing, CKB’s price posted an intraday increase of 10%. As a result, today’s gains give the token its seventh day of uptrend. Thus, Altcoins investors should keep the token on their watchlist as it continues its upward movement.

3. Mega Dice (DICE)

Mega Dice maintains its passion as one of the contenders for the top spot in the crypto casino sector. The project recently announced the third season of the $DICE token, which is the platform’s native cryptocurrency.

According to the post on its official Twitter handle, the $DICE season 3 airdrops participants a share of the $750k prize pool. The announcement arises amidst the ongoing presale offering of the DICE token.

The token went on presale recently at a discounted price of $0.1052. Investors still have a chance to participate before the next price increase. Nevertheless, there’s also a need for urgency as there’ll be a price increase in a few days.

The $DICE Season 3 Airdrop is LIVE – Claim Your Share of a $750,000 Prize Pool! 💰
Ready to get in on the action?
Wager $15,000 or more between August 14 and October 2, 2024, and you’ll be eligible for a share of the massive $750,000 airdrop! 😍 With a maximum payout of $37,500… pic.twitter.com/ZiOeKxlCln
— Mega Dice Casino (@megadice) August 14, 2024

Similarly, the invitation to participate in the $750,000 airdrop is open to all. It is presented to Mega Dice platform users who wager $15,000 or more. Each qualified participant stands a chance of walking away with $37,500. The platform’s Twitter handle highlights all the steps involved in the airdrop.

Additional benefits of participating in the Mega Dice presale include the staking. The DICE stacking program comes with a daily payout. Hence, investors don’t have to wait for a two-year or one-year wheezing period to earn returns on investment. Plus, early participants in the DICE presale qualify for impressive bonuses. Along with that, the project also grants referral programs to participants that give up to 25% of revenue share.

Visit Mega Dice Presale

4. Notcoin (NOT)

Notcoin is mostly known for its built-from-nothing movement. The token rose to prominence after a dramatic entry into the crypto market. However, for several weeks now, the price of the token has declined progressively, shaving away over 50% of the value it amassed on the way up.

NOT Price Chart

While NOT shows an overall bearish outlook, technical analysis of the token reveals potential price recovery ahead. The price of NOT currently approaches the key support level that’s provided a price surge to the token in the past. A look at past price action shows that NOT has generally recorded an average of 10% increase each time it traded close to the $0.09 – $0.011 price levels.

Not Games Contest
We’re excited to announce the next contest, as part of the Notcoin strategy.
We invite all rule-breakers, game devs, and web3 degens to join us in building games that are actually cool. pic.twitter.com/RdPzQCvXro
— Notcoin Ø (@thenotcoin) August 17, 2024

Ultimately, the move would inject fresh visibility into the Notcoin ecosystem, attracting much-needed attention to the project. Investors should keep an eye on the token’s progress in the coming months as the next phase of its strategy may unlock additional liquidity.

5. Velo (VELO)

Velo is a DeFi-based project that’s gradually gaining increasing popularity. According to the project’s website, it’s a financial solution service platform that leverages blockchain technology. Its services include liquidity provision and settlement network. At its core, it aims to solve financial transaction issues such as security and transparency.

At press time, Velo ranks high on CoinmarketCap’s trending list thanks to its growing popularity. With more investors eyeing the token, it’ll likely maintain upbeat price action for most of the quarter into the coming months. VELO has a price of $0.011945 and a market cap of today.

It recorded an intraday price increase of 5% today, pushing its price further away from the $0.10. At its current pace, Velo would likely make it past the $12 range, giving it a free move towards the $0.14 peak.

VELO Price Chart

Recently, Velo established a handful of partnerships, including a relationship with the Thai government. The project is positioned to offer technical support to the government’s digital currency initiative. The move would likely give the project the volume and visibility it needs to reach new price levels. Moreover, it equally struck a partnership deal with the Lightnet Group.

Above all, Velo is making an impressive move towards unlocking its potential, and investors should keep an eye on its progress.