With the arrival of August, the crypto assets market is迎来 a series of important network developments. The positive market conditions over the weekend have injected new momentum into many alternative tokens, stimulating investors' expectations for potential pumps.



This week, three altcoins are particularly worth investors' close attention:

1. Stellar Coin (XLM)
The Stellar Network is about to release its second quarter report, which will detail recent developments and preview upcoming initiatives. The market generally believes that the Stellar Foundation's future plans for the ecosystem may become an important factor in the volatility of XLM prices. Currently, XLM has broken through a three-week downtrend, with trading prices stabilizing around $0.450, successfully holding the key support level at $0.445. The upcoming quarterly report could serve as a catalyst for driving XLM prices to rise and rekindling investor interest.

From a technical analysis perspective, if the report content can have a positive impact, XLM is expected to break through the resistance level of $0.470 and may even challenge the psychological level of $0.500. However, investors should also be cautious, as if the market reaction is below expectations, XLM may fall back to $0.424 or even lower, which would weaken the bullish outlook in the short term.

2. Lido DAO (LDO)
LDO has shown an astonishing growth momentum over the past five days, with the price rising by 58%. Currently, the trading price of this highly watched decentralized autonomous organization Token has surpassed the 1 dollar mark.

With the overall improvement in the atmosphere of the crypto assets market and the continuous innovation in the decentralized finance (DeFi) sector, LDO's performance is remarkable. However, investors should remain cautious when chasing the rise, assessing whether the current price has fully reflected the favorable factors in the short term.

3. Undisclosed third type of Token
Although the original text does not explicitly mention a third altcoin worth paying attention to, it leaves room for investors to explore and research. In the fast-changing Crypto Assets market, it is crucial to remain vigilant and focus on emerging opportunities.

Overall, at the beginning of August, the Crypto Assets market has shown a positive momentum. However, investors should fully consider market risks and conduct thorough research and analysis before making any investment decisions. With various important network updates and project developments underway, the market trends in the coming weeks will become clearer. For investors interested in gaining deeper insights into the dynamics of the Crypto Assets market, this is undoubtedly a period worth closely monitoring.
XLM3.67%
LDO5.28%
DEFI6.38%
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SundayDegenvip
· 08-15 07:38
Cryptocurrency Trading for three years, losing for two years and gaining for one.
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GateUser-e87b21eevip
· 08-14 10:52
It's starting to hype up again.
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MEVHunterNoLossvip
· 08-14 09:58
bullish LDO This wave can be done
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ShibaOnTheRunvip
· 08-12 08:53
Again playing people for suckers
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ChainPoetvip
· 08-12 08:52
Waiting for the wealth and glory to blossom, and wandering the world.
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PretendingToReadDocsvip
· 08-12 08:43
XLM is really going to da moon, specifically going all in on the others.
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GateUser-afe07a92vip
· 08-12 08:35
Sent again, the Bear Market is really tormenting.
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BrokenYieldvip
· 08-12 08:34
lol another bull trap loading... wake me up when xlm hits 0.2
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