Watch out for these 6 altcoin projects as we move forward in August

Icon (ICX)
Icon is a decentralized platform (DEX) that seeks to create a digital economy where the ICON network hosts other Blockchain-based networks. With the altcoin project, companies, nonprofits, and government agencies can independently develop value tools. The network's native cryptocurrency ICX supports the operation of the ICON ecosystem.
Starting July 31, ICON will launch the xCall Testnet program. The XCall service is ICON's messaging standard for cross-chain communication.
Icon was developed to create a new type of digital economy where programs can depend on the ICON infrastructure and participate in the decentralized market created by ICON and its automated protocol.
These applications, which will replace participants in the economy, will be able to issue their own currency, and nodes with access to computing power will be able to choose which applications to support.
Developers are invited to build and test the xCall service to receive rewards. Many networking activities will undoubtedly affect the ICX, making it something to watch out for.
Litecoin (LTC)
Litecoin is one of the well-established altcoin projects. However, due to the halving scheduled for August 2, it became the center of attention again in August. This halving will be the third since the emergence of Litecoin. It happens every 840,000 blocks, or about every 4 years.
Halving is the event that halves the amount of block rewards paid to miners. The idea is to keep inflation in check and increase scarcity. This increases the value of the token over time.
As with Bitcoin, Litecoin miners are rewarded with block rewards for each new block of transactions they help verify. For every new block created in 2011, Litecoin was giving 50 LTC. In August 2015, this reward was halved and reduced to 25 LTC. The final halving in August 2019 will reduce the reward to 12.5 LTC. So, next month's halving will bring it down to 6.25 LTC per block.
Halving often generates a lot of hype and excitement for a project. Therefore, tomorrow is the big day for Litecoin. Previous Litecoin halving cycles had led to price spikes after the event.
Cosmos (ATOM)
Cosmos, known as the Internet of Blockchain, needs attention in August. ATOM is currently trading slightly lower at $8.79. Due to the planned Gamma Release, the next month could see a big spike.
The v11-Gamma upgrade will enable consumer networks to combine the provider's validator set with their own staking validator set. While there is no official date for this yet, according to the roadmap, the upgrade is scheduled for Q3 2023. Therefore, ATOM requires close follow-up in August.
EGold (EGLD)
EGLD powers the MultiverseX network. The altcoin plays a large role within the network and serves as a management crypto used for staking, smart contracts, validator rewards, and transactions.
Part of MultiverseX's plans to increase expansion is the XFabric update scheduled for this quarter. XFabric is a creative Blockchain module for individuals and brands. Companies can use it to create unique NFTs, in-game assets and digital art.
Ethereum (ETH)
Technically speaking, ETH has been in a bearish trend against BTC since September 2022. However, this trend could reverse with a descending wedge in August. The descending wedge pattern signals an uptrend. It is seen as the most likely price scenario of a breakout in the future.
However, a bounce at the support line of the wedge will confirm bullish signals. This recovery represents an important milestone. As the chart shows, the bearish will give the first confirmation of corrective moves.
Also, the weekly RSI is bullish which usually leads to significant upside moves on a long-term time frame. If there is a break from the wedge, ETH price will head towards the next resistance at ₿0.085. Therefore, experts predict a positive price scenario for the ETH/BTC pair in the short term.
Dogecoin (DOGE)
Dogecoin has fallen below a descending resistance line since the ATH level in May 2021. The resistance line remained in place for 805 days. DOGE price finally broke out of line last week. Breakouts from such long-term structures often lead to a significant upward move as it signifies the end of the previous correction. While the DOGE price has yet to start this rapid rise, it has gradually moved up since the breakout in question.
Then, the weekly RSI broke above 50 for the first time since October 2022. The next key area of resistance is $0.16, up 100% from the current price. It is quite possible for DOGE price to reach this level due to the long-term breakout and the general lack of resistance. However, if the bulls lose momentum, a 22% drop in the short term could lead to the horizontal support area of $0.060.
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