These 4 cryptocurrencies could hit ATH in August

With the favorable winds blowing in the cryptocurrency sphere, primarily due to positive regulatory and legal developments creating enthusiasm across the industry, several of its assets might be looking at hitting new all-time highs (ATHs) in August.

Indeed, should the optimistic sentiment stick around for another several weeks, these four digital assets have a strong chance of breaking their previous price records before the summer school break ends.

#1 Bitcoin (BTC)

Specifically, the crypto market’s representative and largest asset, Bitcoin (BTC), is making a run at a possible ATH in August thanks to the positive developments that have included, among others, an executive order approving crypto 401(k)s, and popular crypto expert Ali Martinez believes could culminate with a price of $133,000.

For the time being, Bitcoin is trading at $119,658.49, suggesting a climb of 1% in the past 24 hours and a 4.56% rise indicated on its weekly chart, according to the latest price chart data retrieved from CoinMarketCap on August 11.

#2 XRP (XRP)

Following the definite conclusion of the protracted legal battle between the United States Securities and Exchange Commission (SEC) and its issuer, Ripple, XRP has shown signs of potentially not just breaking another price record in the coming weeks, but racing towards $11.

That said, XRP’s current price stands at $3.20, which is 0.37% higher than the same time yesterday and an advance of 6.62% compared to the same time, same day, a week ago, as the most recent CoinMarketCap charts indicate.

#3 Ethereum (ETH)

Meanwhile, the world’s biggest altcoin, Ethereum (ETH), has briefly crossed the level at $4,300 that Martinez previously said was the only thing standing between the second-largest crypto by market capitalization and a price of $5,241, according to the market value to realized value (MVRV) extreme deviation pricing bands.

At the time of publication, ETH was changing hands at the price of $4,183.28, recording a decrease of 0.19% in the last 24 hours but nonetheless racing a strong 17.24% across the past week, per data retrieved on August 11.

#4 BNB (BNB)

Finally, BNB (BNB) is racing towards unprecedented heights after Nasdaq-listed BNB Network Company (BNC), formerly CEA Industries, purchased $160 million worth of 200,000 BNB tokens for its treasury, right after Martinez noted that BNB was mirroring BTC’s price structure and could be rallying to $1,200.

At the moment, BNB’s price is $795.31, which means it has decreased 0.84% on the day but still soared 4.9% over the previous week. If it recovers and returns above the psychologically important $800 level, then Martinez’s predictions could be well on their way to coming true.

Conclusion

All things considered, it seems that the crypto industry is currently sailing on favorable waters, its sails pushed by positive developments across the board, ranging from regulatory clarity to more investment opportunities. However, we still have to see whether the momentum will remain.