Solana (SOL), Terra (LUNA), and Cosmos (ATOM) price analysis, are they worth buying in August 2021?
- LUNA has seen a 40% increase in its trading volume in the last 24 hours.
- Cosmos experienced a 21% increase in its market cap in the last 24 hours.
- The SOL token passed the $70 price barrier.
Solana SOL/USD managed to climb to its new all-time high value. In fact, it is often called by many the “Ethereum Killer” due to the fact that Solana can process as many transactions a month as Ethereum has throughout its lifespan. In fact, the Total value locked (TVL) in Solana reached $2.2 billion.
Terra LUNA/USD is a blockchain protocol that uses fiat-pegged stablecoins with the intention of powering price-stable payments systems. In other words, it’s a protocol used for the creation of cryptocurrencies with stable pricing.
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Cosmos ATOM/USD is a decentralized ecosystem, made of independent blockchains, where ATOM is the proprietary staking coin used by the network.
Should you buy Solana (SOL)?
On August 19, Solana (SOL) had a value of $71.
Solana soared to its all-time high on August 18, with a value of $79.57 which was its strongest point of the week. This means that it dropped by 10% within 24 hours. August 18 marked the first time the SOL token broke past the $70 price barrier.
To get a better perspective of this growth, let’s analyze July.
SOL had its highest point on July 7 with a value of $37.89. Its lowest point was on July 20 with a value of $22.64. This signaled a drop of 40%.
With all of this in mind, its recent growth from July 7ths highest point to August 19’s value is at 87% which is quite impressive. This run might get the SOL token to a value of $80 by the end of August.
Should you buy Terra (LUNA)?
On August 19, Terra (LUNA) had a value of $30.17.
Terra (LUNA)’s all-time high was on August 19 as well, where it climbed to $33.22, which signals that the token experienced a 10% difference in value throughout the span of the day.
Given that August 19 has been quite the active day for the token, let’s analyze its historical growth as well in July.
LUNA started July 1 with a value of $5.89. The highest point it reached throughout the span of the month was on July 29, with a value of $11.34, which signaled its initial growth. Here we can see that it grew in value by 92%.
With all of this in mind, LUNA seems like it has a solid chance of getting to the $35 price point by the end of August.
Should you buy Cosmos (ATOM)?
On August 19, Cosmos (ATOM) had a value of $18.30.
The all-time high of ATOM was on May 7 with a value of $31.70. This made it 73% higher in value.
When we look at July’s performance, it was quite volatile with a lot of ups and downs, but the highest point was on July 11 with a value of $14.69 and the lowest was on July 20 with a value of $9.18, which marked a decrease of 37%.
After July 20, up until August 19, it grew by 100%, which was a significant gain, and it has the potential to reach the $20 price range by the end of August.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use: