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Is August 2024 for New All-Time Highs? Top 4 Cryptos to Watch

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8 months ago

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This month, many cryptos showed signs of readiness to erase the losses experienced for most of the second quarter of 2024. While some have done that, others are not as lucky as July ends.

In August 2024, investors will watch which cryptocurrencies perform well and, most importantly, which can hit new All-Time Highs (ATH). This analysis focuses on the top four cryptos with such potential.

MANTRA (OM)

If MANTRA’s (OM) stunning 1,956% increase this year is something to consider, then it may soon become a household name in the crypto market. In the last 30 days, OM, which is the token of the security-first layer01 blockchain, focusing on the tokenization of Real World Assets (RWA), has increased by 50.15%

This stunning move makes it the best-performing crypto in July. For August, the MANTRA token could continue the run and probably surpass its all-time high. OM’s all-time high is $1.42, which it reached on June 22.

Its current price of $1.17 means it only needs an approximately 18% increase to surpass it. According to on-chain data, OM may be able to achieve it in August 2024 due to the influx of institutional giants accumulating the token.

Based on IntoTheBlock’s data, the number of addresses hodling 1 million to 10 million OM has climbed by significant figures in the last 30 days. 

Read More: Top 9 Safest Crypto Exchanges in 2024

MANTRA price to all-time highs
MANTRA Addresses by Holdings. Source: IntoTheBlock

This proves the increasing demand for the MANTRA blockchain’s native token. If sustained in August, OM’s price may revisit its all-time high and probably inch closer to $2.

Solana (SOL)

A few days back, Solana (SOL) hit a new yearly high in terms of open interest. Around the same period, active addresses on the network reached their highest level in almost three years.

These occurrences suggested that SOL’s price could soon reach a new ATH. On July 29, SOL hit $194.40. However, calls for a return above $200 did not materialize as the upswing was rejected.

At $183.41, Solana is 29.60% down from its ATH. If the token performs a little better than it did in July, it could hit a new all-time high. One of the reasons for this prediction is its dominance over Ethereum (ETH). At one point in July, SOL’s price outperformed ETH by 42.50%, reinforcing its status as the major leader of this cycle. 

Solana/Ether Daily Analysis
Solana Price Analysis. Source: Tradingview

For instance, when the month began, 1 SOL equaled 0.040 ETH. But at press time, it is now 0.050 ETH. If this dominance continues and SOL breaks above $200, it could be the catalyst that helps it surpass $260 and eventually leads it to new all-time highs. 

Toncoin (TON)

Despite facing crucial resistance, Toncoin is one of the cryptos that can reach a new ATH in August 2024. As of this writing, TON trades at $6.78, and like OM, the token is 17% down from its peak.

From a technical perspective, TON seems to have experienced seller exhaustion and is slowly climbing the charts. The Relative Strength Index (RSI) also supports this prediction, as the token seems to be building up bullish momentum.

If sustained, the price of TON may surpass the $7.45 resistance and revisit $8.33. Once this happens, it could be relatively easy to approach a higher value that becomes the new all-time high.

Toncoin all-time highs
Toncoin Daily Analysis. Source: TradingView

However, if bulls struggle to break the resistance, TON’s potential for a new ATH could be invalidated.

Jupiter (JUP)

JUP is the utility token of Jupiter Exchange, a decentralized exchange aggregator built on Solana. Its inclusion in this list has solid backing, as BeInCrypto previously reported that the project plans to reduce the toen supply by 30%.

Reducing supply is usually good for the price in the crypto market, and this was evident in JUP’s rally when the development became public. However, this proposal is subject to voting, and the outcome is expected in the first week of August 2024.

By the look of things, the Jupiter community may give the go-ahead, especially as the RSI has jumped significantly. This means that momentum and sentiment around crypto are positive.

Read More: 11 Cryptos To Add To Your Portfolio Before Altcoin Season

Jupiter price to reach all-time highs
Jupiter Relative Strength Index. Source: Santiment

JUP’s all-time high was $2.04 in January. As of this writing, it trades at $1.08, but in the first quarter, the token experienced a series of 100% increases within a short period. Therefore, if the project reduces supply, a similar thing could happen, leading it to reach a new all-time high of $2.16.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.



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Ethereum’s Controversial Developer Freed Before Full Sentence

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2 hours ago

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April 10, 2025

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Virgil Griffith, a former Ethereum developer who worked on the Ethereum Name Service (ENS), has been released from prison on parole and relocated to a halfway house.

Updates posted on X on Wednesday, April 9, 2025, disclosed that Griffith is now starting his return to civilian life after serving some of his sentence for violating US sanctions.

Ethereum Developer’s Prison Release Confirmed By Sources

Brantly Milegan, executive director of Ethereum Identity Foundation, broke the news with a photo of Griffith and his parents outside the prison. Alexander Urbelis, ENS general counsel and part of Griffith’s legal team, confirmed his release from FCI Milan in Michigan.

Griffith was arrested in November 2019 after speaking at a cryptocurrency conference in North Korea. Prosecutors claimed his presentation provided information that could help North Korea evade sanctions and launder money.

From 63 Months To 56: The Sentence Journey

In 2022, Griffith was sentenced to 63 months in prison and meted a fine of $100,000 after pleading guilty to the International Emergency Economic Powers Act. In July 2024, US District Judge Kevin Castel lowered his sentence to 56 months, citing him as a first-time offender.

ETHUSD trading at $1,598 on the daily chart: TradingView.com

Crypto Return Faces Serious Hurdles

Griffith himself starts a several-year probation term. His attorneys are fighting to transfer him from the halfway house to home confinement, but returning to regular life is hindered.

The Department of Commerce placed severe export restrictions on Virgil that will extend until 2032, Urbelis explained. These limits could block his return to the cryptocurrency field.

Presidential Pardon Possibility Under Trump Administration

Before joining Ethereum, Griffith earned a Ph.D. from Caltech and created WikiScanner, a tool tracking anonymous Wikipedia edits. He also worked with Aaron Swartz on Tor2web.

According to Urbelis, Griffith is seeking a pardon from US President Donald Trump. Trump has previously granted clemency to others in crypto-related cases, including Ross Ulbricht and Arthur Hayes.

The case has triggered debate about sharing open-source information versus helping sanctioned nations. Ethereum co-founder Vitalik Buterin has supported Griffith, even signing a petition calling for his release in 2023.

Featured image from Thiessen Law Firm, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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Binance Lists BABY As Bitcoin Protocol Babylon Goes Live

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4 hours ago

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April 10, 2025

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Cryptocurrency exchange Binance has revealed the listing of BABY, the native token of the Babylon Genesis blockchain. The listing comes as the Babylon Foundation finished its airdrop of 600 million BABY tokens to early adopters and contributors to the ecosystem.

Babylon Genesis Launches As First Bitcoin-Secured L1 Blockchain

The Babylon Genesis blockchain has officially gone live. The project has described itself as the launch of “the world’s first L1 blockchain secured by Bitcoin.” According to an X post by the Babylon team, this launch establishes the Babylon Bitcoin staking protocol as a “foundational infrastructure layer for Bitcoin.”

The project brings with it a fresh paradigm to securing blockchains as it employs Bitcoin as the Layer-1 blockchain’s security mechanism. In the system, the holders of Bitcoin are able to stake their BTC in order to secure the Babylon network and, as a reward, receive BABY tokens.

Babylon’s mission is to realize the maximum utility of Bitcoin by reconditioning “idle Bitcoin to be the foundation of the decentralized economy.” Such an approach helps fix Bitcoin’s lack of programmability without violating its security paradigm by using the staking protocol.

BABY Token Airdrop Successfully Launched

Babylon Foundation reported the completion of its airdrop of BABY tokens to early entrants in its ecosystem. According to official information, the airdrop distributed 600 million BABY tokens. This accounts for 6% of the total supply of 10 billion tokens.

In their announcement tweet, the foundation stated: “Dear Babylonian, the Babylon Foundation is happy to announce that the airdrop has just been successfully executed! You should be able to see your BABY in your wallet very soon.”

The foundation confirmed that there are no transfer restrictions on the airdropped tokens. This gives recipients immediate freedom to trade or use their BABY holdings. Recipients also have the option to stake their BABY tokens to secure the Babylon Genesis network and earn additional tokens as staking rewards.

The airdrop acts as a reward mechanism for early adopters and as a way to distribute governance rights.

Binance Listing Details And Token Information

Binance’s listing of the BABY token provides immediate liquidity for airdrop recipients and other BABY holders. According to the exchange’s announcement, trading for BABY began on April 10, 2025, at 10:00 UTC. The tokens are available to trade against five different currencies: USDT, USDC, BNB, FDUSD, and TRY.

The leading crypto exchange has applied the “seed tag” to BABY. This generally indicates to traders that the token is in early stages and may carry additional investment risks. Deposits for the token will be enabled six hours after Binance’s announcement. This allows users time to prepare for trading. The exchange’s announcement comes after it unveiled its decision to delist 7 crypto pairs.

The total supply of BABY tokens is set at 10 billion, with the recent airdrop distributing 600 million tokens or 6% of this total supply. This distribution approach aims to establish a broad base of token holders who can participate in the network’s governance from its early stages. According to CoinMarketCap data, Babylon is trading at $0.1032 with a market cap of $234 million.

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Vignesh Karunanidhi

Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Analyst Reveals How XRP Price Can Hit $22 If BTC Rallies To This Level

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6 hours ago

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April 10, 2025

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XRP price has surged nearly 10% today, indicating a renewed market interest in Ripple’s native asset. Notably, the robust surge comes amid a broader crypto market recovery and several other positive developments like the successful ETF launch in the US. Amid this, a top expert has highlighted the XRP/BTC performance and said that Ripple’s native asset is likely to hit $22 if Bitcoin hits a new ATH ahead.

XRP/BTC Bullish Cross Signals Massive Surge Ahead

Crypto analyst EGRAG CRYPTO recently highlighted a major bullish signal on the XRP/BTC chart. He pointed out a rare crossover of two key indicators, i.e. the 55-week Exponential Moving Average (EMA) and the 155-week Moving Average (MA). According to him, this “Bullish Cross” could be a game-changer for XRP holders.

EGRAG explained that the last time this crossover occurred was back in May 2017. XRP price rallied 958% shortly after that event. A similar cross took place again on February 17, 2025, and could repeat the explosive pattern if market conditions align.

Meanwhile, he added that if XRP/BTC retests the 55 EMA level of 0.00001850, Ripple’s coin could reach around $1.48, assuming Bitcoin trades at $80,000. However, if the historical pattern plays out and XRP/BTC gains another 958%, XRP price could skyrocket much higher. Besides, it also comes amid a surge of nearly 6% in BTC price today.

XRP Price Likely To Follow Bitcoin Move

EGRAG CRYPTO’s prediction hinges heavily on Bitcoin’s next major move. If Bitcoin price revisits its 2025 ATH near $109,000 and retraces to $97,000, XRP could hit $16.5. But if BTC breaks into higher territory, the numbers look even more bullish.

For context, he calculated that if Bitcoin touches $130K, XRP could trade at $22. Furthermore, if BTC rallies to $150K, XRP might surge to $25. A push toward $170K could propel XRP to $29, he added.

XRP/BTC Price ChartXRP/BTC Price Chart
Source: EGRAG CRYPTO, X

Why Does This Technical Signal Matters?

The analyst believes most traders overlook the significance of the 55 EMA and 155 MA combination. He noted that many still doubt XRP’s ability to reach double digits, especially after the recent crypto market crash.

However, the analyst remains firm in his belief that the chart tells a different story. He believes that as long as the XRP/BTC pair holds above the 55 EMA, the bullish projection for the XRP price stays valid.

XRP Price Soars 10%

XRP price today was up nearly 10% and exchanged hands at $2, while its one-day volume rose 3% to $8 billion. Simultaneously, the XRP Futures Open Interest also soared past the $3 billion mark with over 4% surge, CoinGlass data showed.

Notably, this recent surge comes as the Ripple network has seen a massive surge in active addresses recently. Besides, the recent XRP ETF launch in the US has also bolstered market confidence. The first-day volume of the Teucrium 2X Long Daily XRP ETF has outshined Solana’s 2X ETF (SOLT) first-day volume.

Considering all these fundamental developments, it appears that the crypto is gearing up for a major rally ahead. Besides, the analyst’s forecast, if holds true, could send the crypto to over $20 in the coming days.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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