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Top cryptos that can easily double your money August

The cryptocurrency market is consolidating now, after more than seven months of sustained losses. If past cycles are any indication, however, it could be that another pump may be on the horizon. The market is already showing bullish signs, as shown in last week’s price movement when most altcoins rose by more 30%. This is…

The cryptocurrency market is consolidating now, after more than seven months of sustained losses. If past cycles are any indication, however, it could be that another pump may be on the horizon.

The market is already showing bullish signs, as shown in last week’s price movement when most altcoins rose by more 30%. This is the perfect time to begin looking at cryptocurrencies that will outperform the market during the next crypto bull rush. These three cryptocurrencies have a lot of potential to outperform the market in the short-term.

Cardano (ADA)

Cardano ADA ) is one of the most popular cryptocurrencies to hold and buy now. Cardano is trading in a tight range for more than a week. However, there are many good news that could drive up its price. Cardano will be made available to German investors via two of the most prominent banks in Germany.

Both Comdirect and Onvista have millions of users. It is likely that Cardano’s price will rise if Cardano users buy it. The news validates Cardano’s investment potential and could cause FOMO.

Celebrities also show interest in Cardano projects. Snoop Dogg’s son, Clay Nation NFTs project, is one example of Cardano NFTs. He, like many celebrities, has the potential to attract investor interest in Cardano NFTs because of his influence.

This will likely boost ADA in short-term as the token could see a surge in demand. Cardano’s positive sentiment is rising, so it is not surprising.

XRP (XRP)

Despite the SEC’s efforts to dampen sentiment around XRP, (XRP), this token is still resilient. If the market becomes bullish, it has some good news.

One of these is that a Brazilian bank is now accepting XRP to provide liquidity on-demand. Travelex, a bank in Brazil, stated that XRP adoption was driven by the need to make instant, low-cost transactions, without the need to tie down capital. This is a significant move and demonstrates the increasing use of XRP which has grown steadily over the years. This makes XRP a great candidate for a pump in short and medium terms.

Shiba Inu (SHIB)

Shiba inu (SHIB )) was one of last week’s top sellers and is still one of most popular cryptocurrencies. This shows that SHIB is still very popular, despite its declining price. The 200-day MA resistance is currently a stronghold for Shiba Inu. Investors could witness a rapid rise in price if the 200-day MA resistance can be broken. This cryptocurrency is worth keeping an eye on for the short-term.

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