Most Popular Cryptoassets in August Revealed: Investors Bullish About Ethereum as DeFi Booms
Bitcoin, Ethereum, XRP and Tezos all saw month on month trading increases Investors flocked into EOS and TRON to capture late altcoin rally Trading activity up in all coins in August except Cardano’s ADA New data from global investment platform eToro reveals that in August retail investors returned to large-cap altcoins such as Ethereum and XRP, as well as a renewed interest in Bitcoin. EOS and TRON both saw massive increases in month on month trades as the two coins enjoyed positive price performance towards the end of August, while other altcoins tailed off.
EOS, which saw a 640% increase in month on month trades on eToro, jumped from the 15th most traded cryptoasset in July to 7th in August. Simon Peters, market analyst and crypto expert at eToro, commented: “August saw massive increases for top altcoins in particular EOS and TRON, as investors sought to take advantage of their excellent price performance.
