The crypto market remains unpredictable, with new projects bursting onto the scene regularly.
As we head into the second week of August, the hunt is on for investors seeking the next wave of cryptos that could be poised for sizable growth over the coming weeks.
In this article, we’ll look at six up-and-coming cryptos that could see their valuations explode this month.
1. Wall Street Memes ($WSM)
The first emerging project that could be set for growth in August is Wall Street Memes ($WSM).
Described in the project’s whitepaper as “more than just a token,” Wall Street Memes seeks to leverage an online community of over 1.1 million people, thereby enabling sustained growth for $WSM.
$WSM, an ERC-20 token, acts as the native token of this community – allowing holders to benefit financially from its growth and evolution.
This unique setup has piqued the attention of investors worldwide, with Wall Street Memes’ presale having already raised an astounding $22.3 million.
The presale is in its final stages, meaning prospective investors only have a short time remaining to buy $WSM tokens at the discounted price of $0.0331.
With Wall Street Memes’ Telegram channel now boasting over 17,500 active participants, it’s clear the project has a strong community foundation – which may set this meme coin up for success in the weeks ahead.
2. XRP20 ($XRP20)
Another project that’s rapidly gaining traction is XRP20 ($XRP20).
XRP20 brands itself as the “next evolution of XRP,” providing an opportunity for speculative investors to buy a low-cap token inspired by $XRP at a fraction of its price.
Thanks to unique branding and aggressive marketing, XRP20’s presale has raised $1.2 million in less than two weeks as buyers pile in to gain exposure to the token ahead of its open market debut.
As noted in XRP20’s whitepaper, the token will feature a staking protocol and a built-in burn mechanism, which will reduce the circulating supply over time, making the remaining tokens more valuable.
XRP20’s developers have even pledged to burn 10% of the total token supply once the presale concludes – further adding to the token’s deflationary nature.
With the presale continuing to heat up, $XRP20 undoubtedly shows fascinating speculative potential this month.
3. Shibie Coin ($SHIBIE)
Shibie Coin ($SHIBIE) is another up-and-coming cryptocurrency that is gaining interest from investors.
This Shiba Inu-Barbie hybrid token recently launched its presale phase, which has a low hard cap of $999,999 – designed to speed up the token’s DEX debut.
Many believe this hard cap could be met in the coming weeks, given that Shibie Coin’s presale has now raised $209,000 in early investment.
$SHIBIE coins are being made available for just $0.000167 – a price expected to be lower than the eventual DEX listing price.
Alongside its attractive pricing, Shibie Coin is also drawing attention due to its tokenomics setup.
60% of the total token supply has been set aside for presale investors, while 20% will be used to provide DEX liquidity – thereby fostering price stability and minimizing slippage.
With the buzz around Shibie Coin continuing to build on social media platforms like Twitter, there’s a chance the token could provide solid gains for early investors once publicly listed.
4. Cowabunga Coin ($COWABUNGA)
Cowabunga Coin ($COWABUNGA) is also grabbing investors’ attention, offering a unique crypto experience inspired by the classic Teenage Mutant Ninja Turtles franchise.
Like the other entries on our list, $COWABUNGA is still in its presale phase and has already raised over $32,000, demonstrating strong early momentum.
Boasting nostalgic TMNT branding and a clear roadmap, Cowabunga Coin checks several boxes for a coin primed to pump.
Moreover, the coin has also caught the attention of crypto influencers, with YouTuber Jacob Bury uploading a video breakdown of $COWABUNGA and expressing his optimism about its prospects.
Although $COWABUNGA has no inherent use cases, the project’s appealing tokenomics model has still created substantial hype.
If this momentum can be sustained post-listing, $COWABUNGA could carve out a niche in the crowded meme coin space.
5. DODO ($DODO)
One up-and-coming DeFi token that could be primed for growth in August is DODO ($DODO).
DODO is a new DeFi protocol that utilizes a proactive market maker (PMM) setup to boost liquidity and price stability relative to automated market makers (AMMs) like Uniswap.
The protocol does this by attracting liquidity providers and enabling them to negate impermanent loss, a pressing issue in the DeFi space.
Although it only launched in 2022, DODO has already received investment from major industry players like Pantera Capital and Coinbase Ventures.
The $DODO token has also seen a considerable uptick in investor interest, with CoinMarketCap data revealing that the token’s trading volume is up 239% in the past 24 hours.
If DODO can deliver on the promises made in its roadmap, the token could be poised for a value surge in the weeks ahead.
6. Worldcoin ($WLD)
Lastly, Worldcoin ($WLD) is another crypto contender seeing an uptick in interest recently.
Worldcoin was co-founded by OpenAI CEO Sam Altman and aims to build the world’s largest identity and financial network.
The coin uses a privacy-preserving system called World ID to verify users’ humanity and physical “Orbs” – thereby differentiating them from AI entities.
Those who opt to verify their identity become eligible to claim recurring distributions for $WLD, Worldcoin’s native token.
Although Worldcoin’s launch has been mired in controversy, it remains one of the most talked-about coins in the space, with many touting it as a token that could explode in the coming weeks.
Only time will tell whether this optimism proves warranted, but if the team can overcome the ongoing hurdles, $WLD could produce sizable returns for early investors.