The post August Top Crypto Picks For Huge Gains: Lido DAO, Jupiter and DTX Exchange appeared first on Coinpedia Fintech News
It is a new month in crypto, poised to be bullish. Positive macro tailwinds are anticipated, along with huge inflows into Ethereum and Bitcoin ETFs. To make the most of this bullish wave, the top crypto picks for August are Lido DAO (LDO), Jupiter (JUP) and DTX Exchange (DTX).
These altcoins were among the best performers in July, a streak they are expected to maintain. Their significant upside potential adds another layer to their appeal. Its positioning them as compelling tokens to hold for both the short and long term.
DTX Exchange (DTX): Positioning For Significant Gains
DTX Exchange (DTX) is an emerging altcoin stirring up much buzz in the ICO world. Its astounding upside potential as a low-cap gem makes it a must-have coin this month. Further painting a bullish picture is its blend of TradFi and DeFi, with its unique value proposition centred around a hybrid trading platform.
Given its potential transformation of the $10 billion global trading market, industry experts hail it as the next big thing. Besides its hybrid model, other key aspects of the exchange protocol include smart contracts, an on-chain order book and distributed liquidity pools.
With adoption all but certain, the ICO presents a compelling chance at substantial gains. Mere holding until the launch date will yield a guaranteed 200% gain, with a 50x upside projected after listing on Tier-1 exchanges. At its current price of $0.04 in the second round of the presale, it presents a good entry point.
Lido DAO (LDO): Primed to Retest 7-Month High
Lido DAO (LDO) is a DeFi project that provides staking infrastructure for multiple blockchain networks. It is secured by decentralized governance (DAO). A smart contract and audited code is one of the most preferred platforms for users seeking DeFi solutions.
In recent Lido DAO news, Binance, the world’s largest crypto exchange, announced new trading pairs. LDO/USDC has been added to the exchange’s cross and isolated margin, with trading already in full swing. This development coincides with an uptick in the price of the Lido DAO token.
With further upsides on the cards, a popular Lido DAO price prediction suggests a retest of the $3.7 seven-month high in August. It offers a good entry point at its current price, which makes it an altcoin to watch and bet on this week.
Jupiter (JUP): New ATH on the Radar
Jupiter (JUP), another popular DeFi project in the crypto scene, rounds off this list. The Jupiter swap is one of the most advanced aggregation engines, delivering essential liquidity infrastructure for the Solana ecosystem. It was one of the best performers in July—a feat it will likely surpass this month.
Taking a slight detour, it is worth mentioning that the Jupiter airdrop in January was among the year’s biggest. Early community members made significant gains, highlighting, once again, how airdrops are a compelling way to make it in the crypto space.
While there has been a significant 50% decline from its peak since its market debut, it nonetheless offers a good entry point. Besides, a comeback is on the horizon, placing Jupiter on the list of best coins to invest in. Analysts are optimistic about a new all-time high (ATH) in August, which makes it a promising wave to take advantage of.
Conclusion
The top three altcoins to bet on this month for substantial returns are Lido DAO, Jupiter and DTX Exchange. These crypto’s bullish streaks are expected to continue this month, making them must-have tokens. With DTX set to skyrocket after its market debut, it is undoubtedly a new DeFi project to watch out for.
Visit the official DTX Exchange (DTX) website for the latest updates and information.