These 5 Crypto May See Price Boom in September
The cryptocurrency market has seen a drop of 3% in total in the last 24 hours, and at $1 trillion, it has also fallen by 2.5% in a week and by 16% in a month.
These falls have occurred in a context of rising inflation and interest rates, and have depressed global stock markets as well as crypto. But given that the market decline is not for fundamental reasons, continued declines only introduce discounts that create the conditions for a larger decline.
Accordingly, here is our pick of 5 cryptocurrencies that could see a price boom this month.
These 5 Crypto May See Price Boom in September
Battle Infinity (IBAT)
IBAT has fallen by 3% in the last 24 hours, dropping to $0.00343016. This represents a 9% drop in one week and a 25% drop in the last fortnight. IBAT also happens to be 38% below the ATH of $0.00554060, set for August 30th.
Although this is not nearly as big a drop from record highs as seen with more established coins.
IBAT is one of the most promising new altcoins on the market. It quickly attracted listings since it sold out its pre-sale in early August, and became tradable for the first time on August 17, via PancakeSwap.
LBANK Exchange has also listed it more recently, as well as DEX Coin98. More listings are coming soon, all of which will give it the liquidity to see further gains.
Based on the Binance Smart Chain, Battle Infinity is a metaverse for sports-themed games. Still under development, it will feature a variety of NFT-based games, including the IBAT Premier League.
The latter will enable players to build their own fantasy sports teams made up of NFTs of real athletes. Said teams will compete against each other, with winners receiving crypto-based rewards.
In time, Battle Infinity will also grow to include other crypto and NFT based games. On top of this, it will also involve a staking function, which will now be launched on 24 September.
This is in addition to its own DEX, and an NFT marketplace. Together, this should help make Battle Infinity’s ecosystem a busy and thriving one.
Ethereum (ETH)
At $1,464, ETH is down 8% over the past 24 hours as a post-Merge bull rally failed to materialize. It is also down by 10% in a week and by 22% in a month.
ETH’s indicators suggest that it is nearing a bottom and that it is significantly undervalued.
In fact, the gains it made in the weeks leading up to the merger have largely been canceled out, although the transition to proof-of-stake was completed without a serious hitch.
Despite the last day, there is little doubt that ETH is one of the most likely major coins to do well this month. Now that the merger is complete, the altcoin has already become deflationary.
As the Ethereum stake grows in popularity and the platform settles into PoS, it is likely that more investors will seek it out. On top of this, the developers can now concentrate on upgrades that will make it more scalable and cost-effective.
This will in turn increase Ethereum adoption, even though the platform is already the largest tier-1 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 has also fallen in the last 24 hours, by 2%. This puts the price at $19,790, which means a gain of 2% in a week and a drop of 17% in a month.
BTC’s indicators are also revealing what looks like a bottom. With its relative strength index (in purple) at 40 and its 30-day moving average (red) below its 200-day (blue), it certainly looks like it’s due for a rally.
And if any coin is going to lead a new bull market, it will be BTC. It is still very strong in terms of its fundamentals. Not only are its deflationary tokenomics and highly secure network two of its biggest strengths, but it continues to attract interest from financial institutions.
A large number of banks have rolled out bitcoin custody or brokerage services to date, while massive asset manager BlackRock launched its own private bitcoin fund last month.
This development creates the conditions for a large influx of new money into the bitcoin market when macroeconomic conditions pick up. And with inflation already easing very slightly in the US and elsewhere, such a turnaround could begin from the end of this month.
4. Solana (SOL)
SOL has fallen by 3.5% in the last 24 hours. At $32.79, it has also fallen by 2% in a week and by 24% in the last 30 days.
SOL is also in a position where it is technically more likely to rise than fall again. Of course, with the global economy still in a precarious situation, timing remains a difficult issue.
Nevertheless, after a difficult 2022 that confronted it with many interruptions, Solana seems to have turned a corner. It has implemented various updates that will make it more reliable going forward, while also starting to announce several important integrations.
This means that the excessive falls of the past few months could be reversed by the end of the year, with SOL’s current discounted price likely to give at least a few traders a nice profit sooner or later.
Tamadoge (TAMA)
TAMA is one of the more interesting new altcoins on the market. Based on Ethereum, it is the original token of the pet-themed Tamadoge metaverse, where users will be able to imprint NFT-based pets, groom them, and battle each other.
The pre-sale started early in August, and has just entered its very last phase. Although it has already passed its original goal of $2 million, it continues to sell more TAMA and pass new thresholds, with the last count bringing an increase worth $17 million.
Anyone still interested in investing in TAMA early can do so via the official website in exchange for either ETH or USDT.
TAMA has strong fundamentals for a meme coin, largely derived from the surrounding metaverse. The latter offers play-to-earn features, with players able to battle their Tamadoge pets and earn rewards for doing so.
On top of this, they can also sell their NFT-based Tamadoges on the secondary market, which provides real potential for profit.
TAMA has also announced its first IPO, which will be on the LBANK exchange when the pre-sale ends. This is impressive in light of the fact that the pre-sale hasn’t even ended yet, as is the fact that Tamadoge already has over 65,000 followers on Twitter.
It only joined social media in July, suggesting it could have a very good September when it begins its first listing on LBANK.
