Top Cryptocurrencies to Invest in Now August 1 – Akash Network, Kaspa, Aleph Zero

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 02 2024

AZERO-0.89%

AAVE-0.506%

KAS+10.37%

Should l Buy AZERO?

Crypto Market Outlook: The crypto market is poised for a surge in altcoin values, with Bitcoin expected to reach $100,000 and notable altcoins like Akash Network, Kaspa, and Aleph Zero showing potential for significant returns.
Recent Developments: WienerAI successfully raised over $9 million in its ICO and will be listed soon, while Aave has launched V3.1, enhancing its protocol's security and attracting increased whale activity.

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Technical Analysis for AZERO

Technical Sentiment Analysis for Aleph Zero (AZERO) As of , Aleph Zero (AZERO) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AZERO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, AZERO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Aleph Zero (AZERO) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00434	0.0053	0.00623	0.00719	0.00812	0.00907	0.01
Fibonacci	0.0053	0.00602	0.00646	0.00719	0.00791	0.00835	0.00907

About AZERO

Aleph Zero is privacy-enhancing layer 1 blockchain, engineered for speed, achieving efficiencies akin to conventional web2 systems. It upholds rigorous standards for data privacy and transaction security, while aiming for genuine decentralization over time. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications.To date, Aleph Zero raised $15m for continued development. Initially, the project has been initially bootstrapped by the founding team in early 2018.The first version of the Aleph Zero mainnet went live on November 10th, 2021.Aleph Zero growth plans include enable privacy-enhancing features based on secure Multi-Party Computation (sMPC) and zero-knowledge proofs (ZKP). Access to these features will require identity verification and will be subject to AML policies; the transparent network mode will continue to work in a permissionless (non-gated) fashion.AZERO is the native coin powering the Aleph Zero blockchain.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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