The month of August saw the second half of the rally that took Bitcoin back to $50,000 from a low of under $30,000. Altcoins started to run with Bitcoin instead of sitting back, and some wonderful gains were made.
The following list of the top ten altcoins for August based on market cap percentage increase was compiled with reference to an article on Entrepreneur on Thursday.
- Celo (CELO, 120%)
Aiming to boost the adoption of crypto by smartphone users, Celo saw a huge daily spike of over 170% on Aug 30, bringing it to nearly $11. However, it has now lost most of this gain and is trading at $5.45 currently.
- Cardano (ADA, 134%)
Seen by many as a very serious competitor to Ethereum. Cardano has smart contracts rolling out on Sept 12. ADA has gained more than 1600% year-to-date, and currently trades at just under $3.
- NEAR Protocol (NEAR, 138%)
An open-source platform that provides users with everything needed to build Dapps on blockchain. NEAR has gained more than 300% year-to-date, and is currently heading back to all-time-highs, with a price of $6.50.
- Audius(AUDIO, 144%)
A decentralised music-sharing and streaming protocol that is looking to make things fairer for artists and consumers alike. The token has gained more than 1500% year-to-date, and is currently trading at just over $3.
- Terra (LUNA, 154%)
A blockchain protocol that uses fiat-pegged stablecoins for a global payments system, the LUNA token is used to stablise the price of the platform’s stablecoins. Now cooling off a little after its huge August run-up, LUNA is currently trading at just over $33.
- Fantom (FTM, 239%)
Fantom is a DAG (directed acyclic graph) smart contracts platform. It has amassed a gain of 4700% year-to-date. Currently trading at around $0.85, it is not far off its previous all-time-high of $0.96 reached on Sept 1.
- Avalanche (AVAX, 241%)
A layer 1 blockchain that is using lightning-fast transactions, is energy efficient, and very low cost. Currently trading at $48, the AVAX token has gained over 1000% year-to-date.
- Solana (SOL, 243%)
Another lightning-fast layer 1 blockchain. Solana is backed by Sam Bankman-Freid, the whiz kid CEO of FTX Exchange. Solana has now moved into seventh position in the Coin Gecko market cap ranking, with a MC of $40 billion. It currently trades at $139.
- Revain(REV, 278%)
An Ethereum based token. REV is a token-powered review system that allows developers to get feed-back on their projects. Revain has a market cap of 2,050 million and is currently trading at $0.03.
- Arweave (AR, 450%)
The best performing altcoin for August, Arweave is a decentralised storage network that offers a difference to the competition – pay once and have your data stored for ever. The AR token is currently trading at over $60, and has recorded a 2100% gain year-to-date.