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 <p>The cryptocurrency market is nearing the $1.25 trillion market cap in August after the <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> vs SEC verdict. Judge Analisa Torres ruled that XRP is not a security ushering in a new era in the digital assets industry. The ruling brought in positive momentum and leading cryptocurrencies started August on the front foot. While Bitcoin briefly dipped below the $30,000 mark, it’s holding strong at these levels indicating an upside swing. In this article, we will highlight the top two cryptocurrencies to watch in August 2023.</p> 
 <p><strong>Also Read: 10 U.S. Sectors To Be Affected if BRICS Launch </strong><strong>New Currency</strong></p> 
 <h2 class="wp-block-heading" id="h-2-cryptocurrencies-to-watch-in-august-2023">2 Cryptocurrencies To Watch In August 2023</h2> 
 <ol> 
  <li><strong>Ripple (XRP)</strong></li> 
 </ol> 
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  <img decoding="async" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="ripple xrp" class="wp-image-92715 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp.webp 800w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp.webp 1280w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 1024w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 300w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 768w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 380w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 550w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 800w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 1160w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 1280w" data-eio="j"> 
  <noscript> 
   <img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp" alt="ripple xrp" class="wp-image-92715" srcset="https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 1024w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 300w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 768w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 380w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 550w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 800w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 1160w, https://cdn.thebittimes.com/images/2023/08/02/9782d9f177f103e03bcf5fa26cb3843d.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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  <figcaption class="wp-element-caption">
    Source: Coingape 
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 </figure> 
 <p><a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s native token XRP jumped nearly 75% after the ruling and is now hovering around the $0.70 mark. Leading cryptocurrency analyst CoinsKid has predicted that XRP could touch a new high of $3.70 in the coming months. That’s an appreciation of close to 430% from its current price of $0.70. According to CoinsKid’s chart shared on Twitter, XRP is geared for a price rise by forming an ascending triangle.</p> 
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 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> Unlocks 1 Billion XRP From Escrow Amidst SEC Appeal Rumors</strong></p> 
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 <p>Moreover, the analyst suggests that XRP has an increase in buying pressure as the price consolidates. According to the analyst, a major price jump could be on the horizon for XRP<strong>.<mark class="annotation-text annotation-text-yoast" id="annotation-text-8328db27-fe77-413b-9479-f534a487eed9"></mark></strong></p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">#<a rel="noopener noreferrer nofollow" title="xrp" href="https://thebittimes.com/tag/xrp.html">xrp</a> – breakout target new ATH.<br><br>When you zoom out, you can see the bigger picture. <br><br>Possible 6 month double bottom, ascending triangle forming!<br><br>Compression leads to expansion. pic.twitter.com/2DzOlit37H</p>— CoinsKid (@Coins_Kid) July 30, 2023 
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 </figure> 
 <p><strong>Also Read: Shiba Inu Turns 3: Here’s How Much SHIB Was Trading on Launch Day</strong></p> 
 <ol start="2"> 
  <li><strong>Shiba Inu (SHIB)</strong></li> 
 </ol> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="512" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="shiba inu bright sun rays yellow shib" class="wp-image-98760 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp.webp 800w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp.webp 1140w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 1024w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 300w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 768w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 380w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 550w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 800w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 1140w" data-eio="j"> 
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   <img decoding="async" loading="lazy" width="1024" height="512" src="https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp" alt="shiba inu bright sun rays yellow shib" class="wp-image-98760" srcset="https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 1024w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 300w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 768w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 380w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 550w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 800w, https://cdn.thebittimes.com/images/2023/08/02/539b94b81cb617c138373c73fe7a7ea7.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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  <figcaption class="wp-element-caption">
    Source: Twitter 
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 </figure> 
 <p>Shiba Inu is geared up for a possible launch of the Shibarium layer-2 network this month. The lead developer of ShibaSwap, Shytoshi Kusama announced in a blog post that Shibarium “will be likely” released in August. Additionally, the team will attend the Blockchain Futurist Conference in Canada on August 15 and 16 and more details about Shibarium could be announced.</p> 
 <p><strong>Also Read: How High Can Shiba Inu Rise Post Shibarium? Google Bard Predicts</strong></p> 
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 <p>Also, a Shibarium launch update could catapult Shiba Inu’s price to the days leading up to the release. SHIB most likely could delete its fifth ‘zero’ and get back to trading with four ‘zeroes’ in the charts. Read here to know how Shibarium could sustainably scale Shiba Inu’s price up in the indices.</p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>Ripple</li> 
  <li>shiba inu</li> 
  <li>xrp</li> 
 </ul> 
</div>

Top 2 Cryptocurrencies To Watch in August 2023

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