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FLUX has been gaining in value recently due to the fact that mining rigs can be utilized to essentially mine the cryptocurrency.
In other words, those who are aiming to switch to mining a different cryptocurrency after “The Merge” of Ethereum (ETH/USD) are looking at Flux (FLUX).
CHZ has also seen an increase in its value due to the fact that Socios.com, the leading blockchain provider for the sports industry powered by Chiliz, secured an Italian Regulatory Agreement.
Injective (INJ) raised $40,000,000 for advanced Web3 finance, which also brought a boost to its overall appeal and value.
Should you buy Flux (FLUX)?
On August 18, 2022, Flux (FLUX) had a value of $1.034.
The all-time high of the cryptocurrency, Flux (FLUX) reached a value of $3.33 on January 3, 2022.
When we go over its performance throughout the previous month, we can see that the cryptocurrency’s lowest point of value was on July 13, at $0.3991. Its highest point of value, however, was on July 31 at $0.5826. Here we can see an increase in value of $0.1835 or 46%.
With this in mind, we can expect the FLUX cryptocurrency to reach $1.5 in value by the end of August 2022, which makes it a solid cryptocurrency to buy, which you can do so here.
Should you buy Chiliz (CHZ)?
On August 18, 2022, Chiliz (CHZ) had a value of $0.2235.
Looking at the token’s all-time high, Chiliz (CHZ) reached a value of $0.878633 on March 13, 2021.
When we go over the performance of the cryptocurrency throughout the previous month, we can see that its lowest point of value was on July 2 at $0.09379.
Its highest point, however, was on July 29 at $0.135. Here we can see that there was an increase in value of $0.04121 or 44%.
With all of this taken into consideration, buying the CHZ cryptocurrency can be a solid option as it can climb to $0.4 by the end of August 2022.
Should you buy Injective (INJ)?
On August 18, 2022, Injective (INJ) had a value of $1.908.
Going over the all-time high of the cryptocurrency, Injective (INJ) had a value of $24.89 on April 30, 2021.
When we take a look at how INJ performed in July, we can see that its lowest point of value was on July 13 at $1.1388.
Its highest point of value, however, was on July 30 at $1.5287. This gives us an indication that the cryptocurrency has increased in value by $0.3899 or by 34%.
Based on all of this, investors might wish to buy the INJ cryptocurrency, as we can expect INJ to reach $2.5 by the end of August 2022.
The post Top altcoins to buy in August with high return potential appeared first on Invezz.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.