
Jakarta, Pintu News – The crypto market continues to show interesting dynamics with several assets experiencing significant spikes. From sports-related fan tokens to CEX tokens, here are three crypto narratives worth watching for the third week of August according to analysis from Aaryamann Shrivastava, technical and on-chain analyst at BeInCrypto!

Fan tokens have recorded an average increase of 11.24%, driven by the popular Formula 1 and soccer league seasons. These sporting events increase fan enthusiasm which leads to increased demand for fan tokens.
Alpine F1 Team’s token, for example, has surged 57% in the past 24 hours, breaking the $2 mark. This rise shows how closely linked fan engagement and crypto value are in the world of sports.
Although demand for fan tokens shows growth potential, investors are advised to remain vigilant. According to Shrivastava’s analysis, a drop in enthusiasm or a change in market sentiment could lead to a drop in token value. Therefore, monitoring sustained interest in sporting events is key to assessing future price trends.
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The centralized exchange (CEX) token has shown a collective gain of 5.49% this week, despite Bitcoin’s decline from its recent high of $124,474.
Tokens such as Huobi, Cronos, and the native token OKX were among the top performers. This surge highlights the resilience of CEX tokens even during market downturns.
OKB, for example, has surged by 131% in the past week. Currently, OKB is approaching the $105 support level.
If the altcoin manages to maintain this support, it could pave the way for further upward movement, potentially reaching new records. However, if market sentiment changes and investors start selling their holdings, OKB may experience a price drop.
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Bonk.fun’s launchpad token has seen an increase in bullish sentiment lately. Competition with pump.fun tokens has also significantly contributed to driving the price of Bonk.fun tokens, with investors actively participating in the increased demand.
Useless (USELESS) token, as the leader among Bonk.fun tokens, has surged 32% in the past 24 hours, adding to last week’s 74% gain. The token is currently holding above $0.296 and trying to reach $0.364.
The continued uptrend indicates increased investor interest, and the token is capitalizing on recent bullish activity in the market. However, if USELESS falls below the $0.296 support due to increased selling pressure from investors, it could erase some of the recent gains.
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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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