3 Hidden Gem Altcoins Set for Gains in August 2024

The crypto market has seen a notable recovery over the past month, leading to significant gains for many altcoins. BeInCrypto has identified three promising altcoins that could continue their upward trajectory in the coming month.

Key Takeaways

• Undead Games (UDS): Leading gaming token with substantial growth potential.
• zKML (ZKML): AI sector token showing impressive performance and future potential.
• Lumerin (LMR): Real World Asset (RWA) token poised for continued growth.

Undead Games (UDS)

Source: DappRadar

Undead Games has emerged as a leading asset in the gaming sector, thanks to partnerships with major players like Warner Bros., Immutable X, and Machinations. Over the past month, UDS has surged by over 222%, currently trading at $1.70. Despite a recent dip of 24% due to market cooling and profit-taking, the long-term outlook remains positive. If UDS can flip $1.88 into a support floor, it could establish a new all-time high.

zKML (ZKML)

Source: zKML

zKML, a token in the Artificial Intelligence (AI) sector, has outperformed notable altcoins like NEAR Protocol, Render (RENDER), and the newly formed Artificial Superintelligence Alliance (FET). With a remarkable 394% increase last month, ZKML is now valued at $0.2959. The token has established a support floor at $0.2605 and could potentially rise to $0.3467. However, if it loses this support, it may drop to $0.1759 as investors might sell for profits.

Read More: How to Buy zKML

Lumerin (LMR)

Source: Lumerin

Lumerin is a prominent Real World Asset (RWA) token that has gained over 142% in July. The token is nearing a critical point where it could flip the resistance at $0.026 into a support floor, paving the way for further growth. If successful, LMR could rally beyond $0.030 towards $0.040. However, if it loses the support at $0.020, it may fall to $0.010 or lower due to changing market dynamics.

Read More: How to Buy Lumerin (LMR)

Conclusion

These three hidden gem altcoins—Undead Games (UDS), zKML (ZKML), and Lumerin (LMR)—are positioned for potential gains in August 2024. With their unique value propositions and recent performance, they offer promising opportunities for investors looking to capitalize on the crypto market's recovery.

FAQs

What makes Undead Games (UDS) a promising investment? 

Undead Games (UDS) has formed strong partnerships with major companies like Warner Bros., Immutable X, and Machinations, leading to substantial growth. The token has seen a 222% increase in the past month and has potential for further gains if it can establish a solid support floor.

Why is zKML (ZKML) significant in the AI sector? 

zKML has outperformed several major altcoins in the AI sector, with a 394% increase last month. It has secured a support floor and could see continued growth if it maintains its current momentum and investor interest.

What is Lumerin (LMR) and its growth potential? 

Lumerin (LMR) is a Real World Asset (RWA) token that has risen by over 142% in July. It is close to flipping a key resistance level into support, which could drive further growth. However, market dynamics could affect its performance if it loses critical support levels.