3 Cryptos Riding a Wave of Bullish Sentiment, According to CoinMarketCap

Jakarta, Pintu News – Altcoin market capitalization showed signs of correction in August. TOTAL3, the market capitalization that excludes Bitcoin (BTC) and Ethereum (ETH), fell from $1.1 trillion to $1 trillion in the third week.

Even so, a number of altcoins have unique catalysts that help maintain positive sentiment. Based on sentiment indicators from various data platforms, the following altcoins were recorded to have the strongest bullish sentiment in August, according to the BeInCrypto page.

Aerodrome Finance (AERO)

On August 20, Aerodrome Finance (AERO) recorded a bullish sentiment of 89%, the highest in the market according to CoinMarketCap data.

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According to data from Santiment, the volume of AERO-related social discussions in August reached an all-time high, signaling increased investor interest in the project.

The positive sentiment is in line with AERO’s price rally. Since the beginning of August, its price has surged 80%, from $0.72 to $1.32.

Since Coinbase integrated Aerodrome’s decentralized exchange (DEX) into its main application, Aerodrome now controls 48.3% of DEX volume on the Base network, surpassing even big names like Uniswap (UNI) and Pancakeswap (CAKE).

In addition, Aerodrome announced that DEX’s trading volume on August 20 reached $1 billion, with total transaction fees exceeding $250 million.

This achievement has further strengthened investor confidence. Many expect the price of AERO to continue to rise in August. The latest analysis from the BeInCrypto page even projects that AERO could reach $1.85 if market conditions remain favorable.

Kaspa (KAS)

According to CoinMarketCap data, Kaspa (KAS) also recorded a bullish sentiment of 89% in August, although its price performance was not that impressive.

The price of KAS fluctuated up and down: from $0.08 it jumped to $0.10, then dropped back to around $0.085. However, the community remains optimistic due to fundamental factors that are bigger than just price movements.

The main driver of such optimism is the Kasplex Layer 2 rollout scheduled for August 31. This update will pave the way for the implementation of smart contracts, bring new utilities to the KAS ecosystem, and enable the development of decentralized applications (dApps) and increased network scalability.

The testnet version has shown a positive response, with over 270,000 active wallet addresses and 14 million successfully processed transactions. The momentum is also attracting new investors, as reflected by Kaspa’s increasing search trends on Google.

Adding to the spotlight, a well-known investor on platform X named Sjuul emphasized the power of the Kaspa community. He said:

“Competing with Bitcoin is difficult, but the $KAS community looks huge. From various sources, it was found that Kaspa has about 25 thousand daily users, more than 540 thousand unique users of the network, as well as a total of more than 197 million transactions that continue to grow. The Kaspa network is clearly showing rapid growth. But the question is, will it be able to cope with mass adoption?”

Sonic (S)

According to CoinMarketCap data, the Sonic (S) community also showed bullish sentiment with optimism levels reaching 83% in August.

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Even so, Sonic’s total value locked (TVL) actually fell by 60%, from over $1 billion in May to around $415 million in August. However, investors remain optimistic thanks to some recent developments.

One of them was a fundraising call from Andre Cronje, one of the co-founders, for the Flying Tulip DEX project.

Flying Tulip is built entirely on Sonic’s Layer 1 blockchain and aims to provide a complete, high-performance decentralized exchange. The presence of this DEX is seen as positive for the S token, as it expands Sonic’s DeFi ecosystem while potentially attracting experienced traders.

Additionally, in August Sonic announced that their Testnet 2.1 had integrated the Ethereum Pectra upgrade, which includes EIPs related to gas optimization and account abstraction. The project is also promising a mainnet launch in the near future.

The series of positive updates boosted sentiment towards Sonic, even though its token price is only up about 13% since the beginning of the month.

Overall, the three altcoins – Aerodrome (AERO), Kaspa (KAS), and Sonic (S) – each have their own unique reasons behind the high bullish sentiment. While this optimism is not always immediately reflected in price spikes, it is still important for investors to take sentiment into account when rebalancing their portfolios.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Altcoins with High Sentiment in August. Accessed on August 22, 2025