MAGACOIN FINANCE,Polkadot, XRP, and Render Named August’s Best Altcoins to Buy by Top Analysts

This month has seen the crypto market buzzing. According to top analysts, the best altcoins to bet on in August are Polkadot, XRP, and Render. The traders are seeking coins that can rally regardless of the current swings in the market. MAGACOIN is also garnering early attention due to its powerful drive.

Polkadot (DOT)

Polkadot is still at the top of the game in the market. It is trading above $4.04 after a solid 4% rebound facilitated by institutional interest. Volumes have jumped significantly over the past week.

The price is bouncing around the $4.40 resistance area. In case buyers take over the market, DOT could  hit a target of $5 in the near term. Its multi-layer architecture offers the coin the kind of stability that many altcoins do not have. 

From a technical view, the short-term outlook is strong. DOT has already broken $4.30 resistance and formed a higher low. Analysts see the next logical target at $5.30.

XRP

XRP is up almost 5% today and is trading at $3.28. The altcoin recently reached the session high of $3.32, demonstrating that sell pressure has been accommodated by buyers. The rally is being driven by whale accumulation and dollar strength cooling. There is also increasing optimism regarding cross-border payment adoption.

Technically, XRP has reasserted its 20-day EMA of 3.21. The $3.35 resistance is the next important level, having halted advances twice over the previous two weeks. A robust close over that may break a run to $3.50. 

Render (RNDR)

Render runs on decentralized GPU-based rendering. The demand for GPUs has exploded as AI models keep getting bigger. The latest AI emphasis by Google has done nothing but empower the narrative of RNDR.

It is one of the few AI crypto tokens that are specifically linked to GPU requirements for AI training. RNDR has increased by almost 9% in the past month.

The token has been bouncing around $3.34 and is currently trading around $3.54. The Fibonacci targets are $3.66 and $4.02. In case buyers dominate the market, RNDR may move to $4.71.

In the meantime, MAGACOIN Finance is gaining pace before the listing. According to analysts, its presale has seen a lot of interest due to its community building and early investor incentives. A lot of traders are putting it on their watchlist prior to Q4. Customers who have not taken the offer have the opportunity to claim 50% EXTRA using code EXTRA50X before it runs out. 

Conclusion

The three altcoins are displaying resilience in the current volatile market. Another project generating buzz is MAGACOIN, whose bonus is attracting an early rally.

To learn more about MAGACOIN FINANCE, visit:

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