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Which tokens may rise in price shortly? Promising coins according to BitXmi analysts 

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Which tokens may rise in price shortly?  Promising coins according to BitXmi analysts 

Bitxmi experts named cryptocurrencies that can significantly increase their value amid the recovery of the digital asset market.

Experts have identified three tokens that, in their opinion, may show high profitability shortly: Cosmos (ATOM), Elrond (EGLD), and SushiSwap (SUSHI).

Cosmos (ATOM)

According to experts, the Cosmos token rate has not yet recovered after the collapse of the crypto market in May, when bitcoin fell by more than a third per day and reached $ 30 thousand for the first time since January. Soon, the price of the token will begin testing the $ 23 level (an increase of 9.5% from the current levels), the trader claims. According to the forecast, in case of a successful breakout and consolidation above $ 23, the cost of Cosmos could grow to $ 32 (an increase of 52%).

On August 24, Cosmos is trading at $ 19-21, with a token capitalization of $ 5.4 billion, according to CoinMarketCap. Over the month, the digital coin has grown by 112%.

The Cosmos token has a chance to “make X’s” if there is a strong marketing and further development of the blockchain. Cosmos (ATOM) is a decentralized network of independent parallel blockchains that operate based on Byzantine fault tolerance (BFT) algorithms. These blockchains can interact with each other through the Cosmos network called the “Internet of blockchains”. Experts are confident that the token has prospects for multiplying capitalization.

Elrond (EGLD)

The Elrond token rate aimed at overcoming the resistance zone, which is at the level of $ 148.6 (an increase of 2%), experts say. After the cryptocurrency reaches this mark, its price can rise to $ 203 (up 39%), and then up to $ 245 (up 68%).

On August 24, Elrond is priced at $ 145.6. The capitalization of the digital coin has exceeded $ 2.8 billion. Over the past month, the digital coin has risen in price by 90%.

The Elrond token has great growth potential because the blockchain platform already supports sharding. According to his experts, due to sharding technology, a high transaction speed is achieved, allowing developers to create effective smart contracts.

Elrond is a blockchain platform for building high-performance and secure applications (DApps) based on smart contracts. Elrond’s network is capable of processing up to 15 thousand transactions per second, making it one of the most productive blockchains. Transactions at Elrond are confirmed almost instantly.

SushiSwap (SUSHI)

After breaking the resistance level at $ 13.5, the price of the SushiSwap token will aim to reach $ 22.5 (up 72%). According to experts, there is no serious resistance between the $ 13.5 and $ 22.5 levels that could prevent the digital coin from growing.

As of August 24, the SushiSwap token is trading at $ 13.1, and the cryptocurrency capitalization is $ 2.5 billion. Over the past four weeks, the digital coin has risen in price by 82%.

The SushiSwap token will continue to grow soon due to the growth of the DeFi sector and the trading volumes on decentralized crypto exchanges, Bitksmi experts predict.

SushiSwap is a decentralized platform for “profitable farming”. Users can deposit funds on it as a deposit and receive a percentage of it in SUSHI tokens.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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