London, UK, 3rd August 2021, ZEXPRWIRE – In this article the broker from TrueNorthBit, Laura Gibson talks about the best crypto currencies to buy now before they shoot up in August 2021. The broker has done a detailed analysis on all these crypto currencies and found them lucrative to invest now. Let’s know more about why, how and where you should invest in before it gets too late…
The last few months, the crypto world has been going through a phase where most of the crypto currencies have been under an extreme bearish trend. The prices fell down from around $196 billion to as low as $121 billion. This is one depressing fact for all the traders, especially those who had high hopes and dreams that this year would be their lucky year in terms of crypto currency profits.
But, everyone is hoping that this extreme bearish trend would end and we will see the prices shooting up towards $200 Billion again.
Well, what if the broker tells you that in August 2017, the market of crypto currencies were extremely bullish and they shot up from around $80 Billion to as high as $196 Billion.
So, this year was a good example of what can potentially happen in the future.
The crypto community is expecting that August 2017 would repeat itself again and we will see $200 Billion market cap by the end of August 2021.
Now, that you know this information, let’s talk about why these 3 currencies could be the best ones to buy now.
The currencies that we are going to discuss below are Monero (XMR), Dash (DASH), and Augur.
Monero (XMR) – The Most Private Coin In The Market
Monero is currently the best privacy coin in the market as it offers complete anonymity while transacting currency. It uses CryptoNote protocol which is heavily encrypted and hides your identity.
The most important thing about Monero is that it hasn’t released a Hard Fork yet!
As you already know, Hard Forks create chaos in the market as they split the community into two parts one which supports the fork and other which doesn’t. If this happens to XRP then there are huge chances that it could drop drastically.
This is why Monero is the perfect coin to invest in now as you know which side of the community you will be on after August 2021.
Monero’s current market cap is $2.3 Billion and its price at this moment is around $200.
Dash (DASH) – The One Coin Which Is Embraced By The Community
Dash is the first privacy-centric cryptographic currency based on Bitcoin protocol. Just like Monero, it also uses CryptoNote protocol to provide anonymity during transactions.
The main difference between Dash and Monero is that while in XMR transacting parties are anonymous but not their transaction amounts and wallets, in Dash all the information is hidden.
“PrivateSend allows a user to send Dash in such a way that the transaction cannot be traced on the blockchain using an innovative process called coin mixing.”
This feature of dash makes it very popular among users as it gives them complete control over their private data. More than 200 businesses today accept DASH as payment!
Right now, Dash is the 13th most valuable cryptocurrency with a total market cap of $2.3 Billion and price sitting at around $268 per coin.
DASH was priced at $11 in February 2017 which means that you have seen a 1300% gains if you had invested just 1 year ago!
Augur – A Platform To Place Your Bets!
Augur is a decentralized prediction market platform built on the Ethereum blockchain. It allows users to place bets on anything that can be predicted using Augur’s own cryptocurrency known as Reputation (REP).
Augur was founded in 2014 and currently has the market cap of $385 Million. Its price right now is sitting comfortably at $30 per coin.
If you are not familiar with Augur, then here’s a brief overview:
Augur is a decentralized oracle and prediction market platform built on the Ethereum blockchain utilizing cryptocurrency. It allows users to place their bets on anything that can be predicted using REP; Reputation Tokens which has a total supply of 11 Million tokens.
This market is quite different from others as it gives you a chance to choose the outcome of your preferred event or sporting event and bet on it without letting anyone know about it.
So, this way you can place bets without anyone knowing your identity and can be confident in betting if you have analyzed the data correctly.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.