This is the information for the month of August regarding market news and analysis, in #Binance :
Ethereum (ETH): It has seen remarkable growth, surpassing the 3,800 USDT mark. This increase is attributed to a daily gain of 5.13% at a given moment, demonstrating strong upward momentum.
Bitcoin (BTC): It continues to show a positive trend, surpassing 116,000 USDT with a 1.78% increase in 24 hours. Institutional flows, partly thanks to Bitcoin ETFs, have driven its price.
BNB (Binance Coin): It has surpassed the 770 USDT mark, with a 1.12% increase in a day. Its growth is linked to the Binance ecosystem and its use on the platform.
OMNI, SPELL, and BIO: These cryptocurrencies have led the gains in the overall market, although there are no specific details on their exact performance on Binance at this time. It is important to note that often the "Top Gainers" in a day are tokens with lower market capitalization and therefore are more volatile.
Apeiron (APRS): This token has had impressive performance in the first week of August, with an increase of more than 120% in 24 hours and more than 94% in a week. Its strong growth is attributed to updates in its ecosystem and renewed interest from the blockchain gaming community.
Memecoins: A resurgence in interest in memecoins has been observed, with high trading volume in tokens like TROLL and Donkey, although also with high volatility.
Important considerations:
Volatility: It is crucial to understand that this data reflects very recent price movements and the cryptocurrency market is extremely volatile. Past returns do not guarantee future returns.
Own research: Before considering any investment, it is essential that you thoroughly research each project (its technology, its team, its community, and its use cases).
Sources of information: I recommend that you use tools like markets on Binance to obtain real-time data and detailed charts.
I hope this list is useful to you as a starting point for your own research.
And you, which coin do you recommend?
Luis Ceballos Bisamón