Once again, the world's largest crypto asset, bitcoin (BTC), appears in the lead, with four indications, maintaining its position as the main reference among investors.
Among the news, the presence — and rise — of pendle (PENDLE) stands out, which emerged with two recommendations. Ethereum (ETH), in turn, which had lost ground in July, regained strength, with three mentions this month.
Cryptocurrency No. of indications (August)
🚀Bitcoin (BTC) 4
🚀Ethereum (ETH) 3
🚀Pendle (PENDLE) 2
Ethereum (ETH) back on top: what happened?
In recent months, the performance of ethereum had been the subject of discussions among market operators. However, in July, the second most valuable cryptocurrency in the world recorded a 54.6% appreciation.
This advance was driven by two main factors: the entry of over $2.18 billion into ETFs and the SEC's (abbreviation for U.S. Securities and Exchange Commission) decision to classify ethereum as a 'non-security'.
This definition reduces the regulatory burden, eliminates legal risks, and strengthens the confidence of institutional investors.
🚀Ethereum (ETH)
Ethereum (ETH) surges and surpasses $4,000 for the first time since December on a positive day for cryptocurrencies
Furthermore, in the broker's view, being the main altcoin in the market — combining technology, widespread adoption, solid fundamentals, and leadership in innovation — ethereum justifies its presence among strategic and well-positioned crypto assets for a potential altseason.
🚀And what about pendle (PENDLE)?
Regarding the rise of pendle (PENDLE), which had a positive performance of 27.5% in July, according to Coinext, even with conservative projections, the current price level may offer a strategic entry.
🚨Volatility Alert
It is worth noting that the cryptocurrency market is highly volatile. Therefore, it is essential for investors to consider the risks involved before making decisions.
