The month of August started and brought good news for the cryptocurrency environment.
From starting the month with a Bitcoin price that seems to exceed the USD 20,000 level to proposals from developers that allow the evolution of the market. You can open account if you are planning to invest in bitcoin or learn how to trade crypto.
A set of cryptocurrencies have had the same good run as Bitcoin and have entered the month of August with increases that have reached up to 95% of their value, and Ethereum, which reached almost 60% increase.
In the case of the digital financial market, a phrase that fits perfectly could be highlighted and that is that the financial market and money never rest, this adapts perfectly to the operability of crypto operations.
For this reason, it is essential that once you enter the crypto market, you must be informed of the latest developments and news that revolve around it because the changes are drastic; from one moment to another, not only prices but trends. of the market change instantly.
Cryptocurrencies that want to boost your flight
We have recently seen how new proposals have emerged regarding digital currencies’ protocols, specifically those known as Meme currencies.
It is interesting to know what these financial tools offer in the digital market and how they operate. These digital currencies are based on memes or jokes about a specific event; just like other cryptocurrencies, they are usually volatile.
Unlike Bitcoin and Ethereum, the leading currencies in the crypto market, this digital currency usually changes its price according to the feelings generated in social networks and communities.
Many investors have managed to get rich with this type of currency. Still, it is also true that others have lost significant amounts of money due to its volatility.
Some of the best-known meme coins are: Dogecoin (DOGE), Shiba Inu (SHIB), Dogelon Mars (ELON), Akita Inu (AKITA), Samoyedcoin (SAMO), SafeMoon (SAFEMOON), Kishu Inu (KISHU) and the latest release has been RoboApe (RBA) which hopes to achieve an absolute evolution of the Meme coins.
Opinions about meme coins have not been favorable in the cryptographic environment since many users usually have bad experiences, but to start this type of transaction, the investor must be educated; it is the best way to obtain positive results.
Although they are usually straightforward to use in cryptographic projects, some meme coins do not have much use, although they do have a purpose.
One of the news that has attracted the attention of many people has been the intention of RoboApe to become a meme coin that represents the new era of cryptocurrencies; through this project, it will be intended to create an accessible platform where people can be instructed who want to get into crypto investments.
Another environment that this digital currency intends to cover is that of the gaming industry, which is entirely related to what cryptocurrencies mean as a means to strengthen digital finance.
The proposal will be based on creating digital events where the reward methods will be granted in RBA; on the other hand, it will also impact the NFT market, promoting the use of this token and trying to become a deflationary asset.
An Avalanche gaining followers
Avalanche is known as one of the blockchain technology protocols that has positioned itself among developers due to its interoperability in creating decentralized applications.
It has managed to position itself among the users of the blockchain ecosystem to the point of competing with Ethereum, which is in first place in terms of transaction scalability.
Avalanche brings an exciting proposal offering its users to eliminate the congestion during the digital currency issuance process and the high commission costs offered by its closest competition Ethereum.
It could be considered by followers of digital currencies as a new alternative in the crypto industry, allowing developers to carry out their tasks effectively and efficiently.
The creators of Avalanche intend to turn this digital currency into a financial instrument that can be maintained over time, that is, in the long term, allowing its followers to increase not only the demand for the services offered by the network as such but also the profitability that the token could grant.
There are more and more proposals that arise in the environment of cryptocurrencies. It is where the intention of cryptographic networks begins to expose its power to the maximum, attracting more users who decide to invest and believe in the project.