Best Crypto to Buy August: POODL, ETH, and More Offer Gains from ETF Mania

ETF mania is running wild as the first spot Ethereum ETFs receive solid inflows. Similarly, the first spot Solana ETFs are expected to trigger an avalanche of investment and a golden age for the Solana ecosystem, including its robust meme coin sector. Plus, Bitcoin ETFs are still chugging along nicely.

That’s why the smart money is buying into projects that will directly benefit from the ETF-induced golden era. These include Poodlana (POODL), Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) as prime candidates for outsized gains and the best crypto to buy in August.

Best Crypto to Buy in August

If you’re looking for the best crypto to buy in August, we’ve done all the legwork, assessed the market, and project fundamentals to handpick the top crypto set to gain from ETF mania.

1. Poodlana (POODL)
2. Ethereum (ETH)
3. Solana (SOL)
4. Bitcoin (BTC)

Poodlana (POODL): The Cream of the Solana Meme Coin Crop Rises

Dogecoin, Shiba Inu, dogwifhat, and BONK are yesterday’s news. Instead, the smart money is taking out massive positions in the most sophisticated, chic newcomer in the Solana meme coin sector – Poodlana.

Taking its inspiration from the stylish, sophisticated dog breed adored by the upper crust of Asian society, Poodlana merges the worlds of high fashion with Web3, tapping into the lucrative FashionFi narrative while retaining all the parabolic pump potential of the meme coin format – and the crypto cognoscenti in the far east are already taking notice.

After all, 80% of meme coin trading activity happens during Asian hours. Essentially, Asian money dictates which meme coins live and which meme coins die. And with poodles being the ultimate fashion accessory in Asian markets, you can best believe Poodlana’s strategic marketing push will translate into big bucks for early investors – especially when it hits the exchanges for global audiences and when fresh capital enters Solana ETFs.

Since Poodlana is a SOL meme coin (a sector that was barely a thing this time last year but now is worth around $8 billion at press time), there’s some serious gas in its tank. Multiple Sol meme coins have entered the stratosphere this year, with everyone from big dawg, dogwifhat gaining by as much as 7000% this year. To newbies like Billy, posting gains of over 100% within a matter of weeks.

Poodlana is the only coin on this list yet to hit the open market. Currently available at $0.0416, the Poodlana presale is the best crypto to buy in August thanks to its insane potential for growth given its low cap status. With Poodlana amassing an eye-popping $4.9m and just 10 days left until the presale ends, now is an excellent time to buy into Poodlana to reap the best rewards.

Plus, POODL is scheduled to list within 60 minutes of presale completion. This means the piles of bullish momentum that has built up during the presale will likely easily shift over to the open market.

For more details, visit the Poodlana website.

Ethereum (ETH): The OG Still Reigning Supreme despite Competition

Ethereum still dominates the headlines as the leading smart contract and altcoin platform despite facing increasing competition from newer, faster, and cheaper counterparts like Solana and Avalanche. While Solana offers preferable transaction fees, Ethereum’s large ecosystem/developer community ensures its continued dominance in future years.

Ethereum’s transition from a proof-of-work consensus mechanism to a proof-of-stake mechanism paved the way for improved scalability and lower gas fees, not to mention the proliferation of L2 sidechains that helped solve the outrageous gas fees that have slowed the blockchain’s growth.

While the recent launch of the first spot Ethereum ETFs hasn’t exactly set the Ethereum prices on fire – even as the ETFs draw record inflows – analysts believe that it’s all just a matter of time before they take off. With all of this momentum behind ETH, this is a great time to buy the dip.

With the market down overall, ETH remains well-positioned for a decent recovery pump, making it a solid choice among the best cryptos to buy in August, as part of a diversified, balanced portfolio.

Solana (SOL): New ATHs Likely Once the ETFs Drop

Apart from Ethereum and Binance Chain, Solana is where all the relevant meme coin action is happening in 2024. Solana has quickly become the blockchain of choice for developers, traders, investors, and meme coin degens. Much of it has to do with its superior scalability, low fees, and transactions with near-instant finality, making it an ideal proving ground for the biggest draw in crypto: meme coins.

Solana, after all, has spearheaded its remarkable comeback from the darkest depths of the last crypto winter to print new yearly highs in 2024. This is due to its meme coin sector, exemplified by stalwarts like Ponke and Bonk, which have risen to all-time highs in 2024.

The recent Solana ETF applications will likely only pump Solana prices even more and trickle down to the rest of the ecosystem. Lower interest rates, an increasing appetite for risk, and a bullish crypto market make Solana among the best cryptos to buy in August.

Bitcoin (BTC): First-mover Advantage Still Reigns Supreme

The crypto market will only go so far as the “king” goes. Whenever Bitcoin slumps, so does the rest of the market; when it rises, the market rises with it. Given the recent support for crypto shown by former President Donald Trump and his selected running mate JD Vance’s backing of blockchain technology, Bitcoin is well poised to put the entire crypto market back on its feet and take it to new heights in 2024 – and with prices currently down, August is a great time to buy the dip..

Not surprisingly, crypto tech bros like the Winklevoss twins, Michael Saylor and Elon Musk, have firmly hitched their wagons to the Trump train, which could mean a new era of crypto-friendly regulation and spark a significant pump for Bitcoin this year. While nothing is ever a sure thing in crypto, and no one knows what the future brings, Bitcoin’s first-mover status makes it a strong pick as the best crypto to buy in August.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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