Skip to content Skip to sidebar Skip to footer

The cryptocurrency market suffered a 3% decline in its total cap over the past day. At $1 trillion, it also fell 2.5% in one week and 16% in one month. These falls occurred against a backdrop of rising inflation and interest rates, suppressing global stock markets as well as crypto. However, since the market downturn is not for a fundamental reason, continued falls simply introduce discounts that create the conditions for larger rebounds. As a result, here is our pick of 5 cryptocurrencies that could experience a price spike this month.

These 5 Cryptos Could See a Price Surge in September

Infinity Battle (IBAT)

The IBAT has fallen 3% in the past 24 hours, falling to $0.00343016. This represents a drop of 9% in one week and a drop of 25% in the last fortnight. The IBAT also happens to be 38% lower than its ATH of $0.00554060, set on August 30. Although not as big a drop from an all-time high as seen with more established coins.

IBAT is one of the most promising new altcoins on the market. It has quickly drawn listings since selling its pre-sale in early August, first becoming tradable on August 17, via PancakeSwap. LBANK Exchange also listed it more recently, along with DEX Coin98. Further listings are expected soon, which will provide it with the necessary liquidity to witness further gains.

Based on Binance Smart Chain, Battle Infinity is a sports-themed gaming metaverse. Still under development, it will feature a variety of NFT-based games, including the IBAT Premier League. The latter will allow players to create their own fantasy sports teams made up of NFTs of real athletes. Said teams will compete against each other, with the winners receiving crypto-based rewards.

Over time, Battle Infinity will also expand to incorporate other crypto and NFT-based games. On top of that, it will also involve a staking feature, which is now set to launch on September 24. This is in addition to its own DEX and an NFT market. Taken together, this should help make the Battle Infinity ecosystem a busy and thriving one.

Ethereum (ETH)

At $1,464, ETH fell 8% in the past 24 hours as a post-merger bullish rally failed to materialize. It’s also down 10% in one week and 22% in one month.

Indicators for ETH suggest it is approaching a bottom and is significantly undervalued. Indeed, the gains he made in the weeks leading up to the merger were mostly reversed, even though his move to proof-of-stake completed without serious issues.

Despite its slide over the past day, there is no doubt that ETH is one of the major coins most likely to do well this month. Now that the merger is complete, the altcoin has already turned deflationary.

Once Ethereum staking gains popularity and the platform settles into PoS, it is likely that more investors will seek it out. On top of that, its developers can now focus on upgrades that will make it more scalable and cost-effective.

This, in turn, will increase Ethereum adoption, although the platform is already the largest layer in terms of total value locked. Its dominance is therefore likely to increase as it begins to reap the benefits of PoS.

Bitcoin (BTC)

BTC also fell in the last 24 hours, by 2%. This puts its price at $19,790, which means a gain of 2% in a week and a decline of 17% in a month.

BTC indicators also reveal something resembling a bottom. With its relative strength index (in purple) at 40 and its 30-day moving average (in red) below its 200-day mark (in blue), it does appear to be due to a rebound.

And if any coin is to lead a new bull market, it will be BTC. It remains very solid on its fundamentals. Not only are its deflationary tokenomics and highly secure network two of its greatest strengths, but it continues to attract interest from financial institutions. A large number of banks have deployed bitcoin custodial or brokerage services to date, while the massive asset manager BlackRock launched its own private Bitcoin fund last month.

These developments create the conditions for a large influx of new money into the bitcoin market once macroeconomic conditions improve. And with inflation is already easing very slightly in the United States and elsewheresuch a turnaround could start to happen from the end of this month.

4. Solana (SOL)

FLOOR fell 3.5% over the past day. At $32.79, it is also down 2% in a week and 24% in the past 30 days.

SOL is also in a position where, from a purely technical point of view, it is more likely to go up than down. Of course, with a global economy still in a precarious situation, timing remains a difficult question.

Nevertheless, after a difficult year 2022 which confronted him with many breakdowns, Solana seems to have reached a milestone. This implemented various updates this will make it more reliable in the future as it has also started announcing several important integrations.

This means that the excessive declines of the past few months could be reversed by the end of the year, with the current low price of SOL likely to make at least a few traders a nice profit sooner or later.

Tamadoge (TAMA)

TAMA is one of the most exciting new altcoins on the market. Based on Ethereum, it is the native token of the pet-themed Tamadoge metaverse, where users will be able to create NFT-based pets, feed them, and fight with each other.

Its presale started at the beginning of August and has just entered its very last phase. Even though it has already surpassed its initial goal of $2 million, it continues to sell more TAMA and break through new thresholds, with the latest tally putting it at an increase of $17 million. Anyone still interested in investing early in TAMA can do so via its official website in exchange for ETH or USDT.

TAMA has strong fundamentals for a meme coin, which largely come from its surrounding metaverse. The latter offers play-to-win features, with players able to battle their Tamadoge pets and earn rewards for doing so. On top of that, they can also sell their NFT-based Tamadoges on the secondary market, offering real profit potential.

TAMA also announced its first stock exchange listing, which will be on the LBANK stock exchange after the pre-sale ends. That’s impressive considering that his pre-sale isn’t even over yet, as is the fact that Tamadoge already has over 65,000 Twitter followers. He only joined the social media site in July, suggesting he could have a very good September once he starts his first listing on LBANK.

Source link

Leave a comment