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This month is all about potential upgrades and developments.

Key points

  • September will be the month for the long-awaited Ethereum merger. Pay attention to related cryptos like Polygon and Ethereum Classic as well as the smart contract giant itself.
  • Cosmos could see progress on its Rho upgrade in the coming months.
  • Helium is trying to shake off a tough few months by talking about a possible move to Solana.

After nine months of declining or flat prices, investors continue to hope that the crypto bear market will soon run its course. Unfortunately, inflation is still high and a recession could be in the cards. Moreover, last week Fed Chairman Jerome Powell indicated that the central bank’s hawkish stance is likely to continue. The the market has already taken a hit following his speech. But prepare for greater volatility around the next potential rate hike announcement on September 20-21.

In the meantime, many crypto development actions are happening behind the scenes. Low prices haven’t stopped many of these companies from pursuing the transformative potential of blockchain. Indeed, it is always a good idea to look for ongoing development activities and upgrades, as this is an indicator that a project might survive in the long run.

Here are three projects to keep on your radar in September.

1. Ethereum (ETH)

Given Ethereum size, it is difficult to count it as an altcoin. However, its shift from proof-of-work to proof-of-stake will dominate the crypto agenda. Not only is it the biggest crypto news this month, but it is arguably one of the biggest crypto events of the year. The long-awaited merger will take place in two stages, the the first of which will be on September 6 and the second will follow soon after.

As investors, be aware that any technical issues could shake confidence in the entire industry, not just in Ethereum. There are also a lot of hype and speculation surrounding the merger, which could mean that we are seeing a decline in short-term ETH prices as the merger rolls out. If you keep your eyes on for the long term, you will be less affected by any immediate foam.

Here are some other cryptos to watch out for with direct connections to Ethereum:

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  • Polygon (MATIC): You would think that the Ethereum upgrade would be negative for layer 2 solutions like Polygon. After all, they exist to improve the performance of Ethereum, so if it improves, won’t they become redundant? It’s unlikely. First, the merger will not solve problems such as high gas charges or network congestion. Second, even when Ethereum becomes faster and cheaper, Layer 2s will still be able to improve their performance even further.
  • Ethereum Classic (ETC): Also dubbed the “original” Ethereum, Ethereum Classic was formed after a disagreement that divided the community more than five years ago. It will not proceed to proof of stake. This makes it attractive to many Ethereum miners whose equipment is about to become redundant.

2. Cosmos (ATOM)

Cosmos attracted a lot of attention in August after the investment manager VanEck said he was optimistic about ATOM in the long run. That hype may have passed, but we’re watching September and hoping for progress on its long-awaited Rho upgrade. Originally scheduled for the second quarter of this year, there is no fixed date, but when it does it will bring improved governance and other features.

Cosmos is an interoperability crypto, meaning it helps blockchains communicate with each other. It’s a big deal for the industry and one of the many reasons VanEck is optimistic about his future. It is available in most best cryptocurrency exchanges.

3. Helium (HNT)

Helium had a tough time recently. The decentralized network that pays HNT to operators who operate its long-range wifi routers was initially criticized for misrepresenting its partnerships. Then people raised questions about its usefulness, citing low monthly income figures.

Helium fired back at the critics, pointing out the project’s various use cases and laying out the potential market share. CEO and Founder Amir Haleem explained that the low media revenue numbers are not representative of the network’s total revenue.

Fast forward to today, and Helium plans to upgrade to Solana (SOL) network. The community will be able to vote on the proposal, which would simplify the architecture of the blockchain and make it more scalable, in mid-September. There is also a large Gathering “HeliumHouse” in New York on September 20.

At the end of the line

There is still a lot of uncertainty in the cryptocurrency markets and, unfortunately, prices could fall further. Don’t jump in and buy the above cryptos hoping for short-term gains. In place, do your own research and consider how you think they might work long term and how they might fit into your larger portfolio. As with any high-risk investment, only spend the money you can afford to lose.

Cosmos and Helium are both interesting crypto projects with a lot to offer. However, everything crypto investments carry risks and these are no different. Cosmos has a bad habit of delaying upgrades — Rho’s is already behind — and some critics say Helium’s business doesn’t need a blockchain at all. It is also important not to get too caught up in the hype surrounding Ethereum. The merger is a big deal, but it’s just one step in a bigger journey. The next big step will be to reduce gas charges and improve scalability, and that upgrade isn’t expected until at least next year.

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