3 Hidden Gem Altcoins Poised for Gains in August 2024

Source Beincrypto

The crypto market has noted recovery over the past month, and it has resulted in many altcoins striking gains and taking top spots in their fields.

BeInCrypto has curated these tokens to present three assets that could continue their growth in the next month.

Undead Games (UDS) 

Undead Games has seen a considerable rise this past month as it became a leading asset in the gaming sector. The protocol has partnerships with major names such as Warner Bros., Immutable X, and Machinations, among others, giving it credibility.

UDS has risen by more than 222% in the past month, changing hands at $1.70. During this run, the gaming token also established an all-time high of $2.43 before noting a sharp decline in the last 24 hours. 

Read More: Blockchain Gaming: The Keys to the Metaverse Castle

UDS Price Analysis. UDS Price Analysis. Source: TradingView

The altcoin is currently down by 24% as the market seems to be cooling down and is met with profit-taking. However, the long-term projection for UDS is growth, provided it can flip $1.88 into a support floor. This will enable the altcoin to form a new all-time high.

zKML (ZKML)

ZKML is a token in the Artificial Intelligence (AI) sector that has outperformed major altcoins such as NEAR Protocol, Render (RENDER), and the newly formed Artificial Superintelligence Alliance (FET). 

Up by 394% in the last month, the altcoin is valued at $0.2959. This has resulted in ZKML securing $0.2605 as a support floor and could bounce off towards $0.3467. Given that the AI token is noting considerable inflows at the moment, its rise could continue into August.

Read More: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?

ZKML Price Analysis. ZKML Price Analysis. Source: TradingView

Losing this support, however, could invalidate the bullish thesis, which could pull it back down to $0.1759. If the investors see losses building up, they could opt to sell for profits and exit.

Lumerin (LMR)

Lumerin isn’t as unknown as the other two tokens on this list; however, it is still an asset many have not encountered. The Real World Asset (RWA) star token is a leader in its space, having risen by more than 142% over the month of July.

It is inching close to flipping the resistance at $0.026 into a support floor, which it attempted and failed earlier this month. This is key in ensuring consistent growth for LMR, which could send it rallying beyond $0.030 towards $0.040.

Read More: How To Invest in Real-World Crypto Assets (RWA)?

LMR Price Analysis. LMR Price Analysis. Source: TradingView

Nevertheless, the changing market dynamics could potentially hurt the prospect of a recovery if the support at $0.020 is lost. This could further extend the losses as LMR falls to $0.010 or lower.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Bounces Back—Can It Finally Break Resistance?Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
Author  NewsBTC
Apr 02, Wed
Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
placeholder
U.S. March Nonfarm Payroll Preview: Even If Data Aligns with Expectations, Financial Markets May Not Escape the Fate of VolatilityOn 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
Author  TradingKey
Apr 02, Wed
On 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
placeholder
Japanese Yen spikes to multi-week high against USD after Trump’s tariffs announcementThe Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.
Author  FXStreet
23 hours ago
The Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.
placeholder
Bitcoin price reacts as Gold sets fresh record highs after Trump’s reciprocal tariffs announcementBitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
Author  FXStreet
22 hours ago
Bitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
placeholder
Bitcoin Price Forecast: Tariff volatility sweeps over $200 billion from crypto marketsBitcoin (BTC) price hovers around $83,000 at the time of writing on Thursday after it failed to close above a critical resistance level the previous day.
Author  FXStreet
15 hours ago
Bitcoin (BTC) price hovers around $83,000 at the time of writing on Thursday after it failed to close above a critical resistance level the previous day.
goTop
quote