Crypto Currency News

This is how the crypto market behaved in August

Bitcoin closed the month with a growth of 15%.

August 2021 will go down in history as a green month for both bitcoin (BTC) and the rest of the main altcoins on the market. The flagship cryptocurrency – which knew how to hit monthly highs above USD 50K on two occasions – closed at a price of USD 46,740, which represented an increase of 15%.

Among the top 10 cryptocurrencies, there were two that stood out with jumps greater than 100%: ADA and SOL. The Cardano token soared 112% during the month, and had a considerable media impact. The updating of its network and the continuous support of crypto references to its technology boosted its price, which closed the month at USD 2.75. Solana, for its part, was the one that grew the most with 248%, reaching USD 109.5.

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Then, polkadot (DOT) stands out with an increase of 95% that took it to exceed USD 30, and a little further behind comes XRP, which grew 60% and once again exceeded the dollar. Ripple’s token has managed to confirm its gains for the past two weeks, surpassing the eighth month of the year above $ 1.17.

Ether (ETH), a leading altcoin, and Binance coin (BNB) grew more than 40% in the month, and their price closed at USD 3,418 and USD 460. ETH is one of the digital assets that grew the most in the year and has managed to establish strong supports above USD 3K, which is why several specialists believe that it will seek to reach its ATH again in the final part of the year.

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If it is about annual returns, dogecoin appears in the question. The cryptocurrency meme – which accumulates an annual growth of more than 6,000% – is still trading at half its historical maximum, and investors who invested in full now will have to keep waiting. DOGE grew 32% in August and is trading at USD 0.27.

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