Did you know there's a striking similarity between cryptocurrency investment and "Dungeons and Dragons"? Both are very popular but difficult for most people to understand. Unlike in marriage, where your success mainly depends on getting the right partner, proper timing plays a significant role when investing in cryptocurrencies, in addition to choosing the right coins.
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This article will explore the top cryptocurrencies September 2024 because those who are first to spot good projects stand to gain. Since there's more to early investment than mere luck, we've done the research to help you understand the best crypto coins September.
September Crypto Trends – The Pointers
Bitcoin (BTC), the king of crypto, endured a turbulent August after its price went below $50K at some point. However, its value has gone up to $63.6K and is about $59K at the time of writing: analysts are optimistic it will soon shoot beyond $65K. There's an excellent belief in optimism within investment circles since Jerome Powell, the US Federal Reserve Chairman, announced that the monetary easing cycle would begin in September.
There is anticipation that the market could cool down following the US authorities' desire to reduce inflation to 2%, and over 200,000 jobs were added to the market last June. Assuming that everything goes according to plan and the economy stabilizes, people will be more comfortable with crypto investment, and it could soon be the best time to start making September crypto picks.
If you're considering joining the crypto investment race, we will discuss the best crypto coins in September to help you make an informed decision. The secret of succeeding is more than looking at the top-performing cryptocurrencies now – you have to know how to anticipate the best token in September. The following is our list of the cryptocurrencies to watch September 2024:
Bitcoin (BTC)
Whatever way you look at it, whenever Bitcoin sneezes, the rest of the cryptocurrency market catches a cold. Considering that BTC was the pioneer decentralized currency, it has remained a haven for crypto investors for a long time. Despite the ongoing fluctuations, Bitcoin could still be among the top crypto investments in September. You're safe investing in Bitcoin because, in addition to establishing its reputation as digital gold, BTC has continued to experience widespread institutional adoption. Moreover, its limited supply of 21 million coins supports long-term value appreciation.
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Ethereum (ETH)
Ethereum, the second most popular cryptocurrency, leads the list of the best altcoins for September primarily because of its versatility and smart contract functionality. Ethereum's upcoming Pectra upgrade, expected sometime in Q4 2024, will enhance ETH's security, scalability, and sustainability, making it among the best September crypto picks. Investors love Ethereum because it's a favorite for decentralized application (DApp) development and enjoys ongoing innovation and a solid community.
Solana (SOL)
Dubbed the "Ethereum Killer," Solana has recently gained popularity because of its high turnaround and relatively low transaction costs. Compared to ETH, the Solana blockchain can process thousands of transactions per second, making it a darling of investors and developers. SOL could become one of the trending cryptocurrencies September due to its supersonic transaction speeds, strong backing from investors and developers, and its growing potential as a substitute blockchain for DApps and projects. The Bitcoin halving event last April set the stage for all cryptocurrencies to surge, and Solana isn’t an exception.
Binance Coin (BNB)
Binance Coin is the fuel that powers the entire Binance Chain ecosystem and the native token of cryptocurrency exchange Binance, the leading exchange globally by trade volume. The BNB token prides itself on being beyond a cryptocurrency as it's used for staking to earn passive income, pay transaction fees, or participate in network governance. Binance coin's auto-burn mechanism, through which the entire supply gets reduced periodically, helps maintain the coin's value over time. BNB joins the list of top crypto investments September list because of its robust utility within the ecosystem and expanding use cases outside the Binance ecosystem. BNB’s price is likely to surge due to the potential release of founder Changpeng Zhao from jail.
Toncoin (TON)
Toncoin is another contender for the top cryptocurrencies September 2024. The native token for the TON ecosystem is currently used for staking, paying transaction fees, and several other activities within the network. Toncoin is especially suitable for micro-transactions because of its low costs and high transaction speeds. It's mainly used for in-app purchases, tipping, or any other small-scale financial transaction that requires fast and cost-effective processing. TON's unique multi-blockchain architecture allows millions of transactions per second, which makes the token an attractive investment option. As the network grows, it will become faster and more efficient than traditional sluggish blockchains under heavy loading. Ironically, Toncoin CEO Durov’s recent arrest by French authorities has spiked interest and attracted new users who never knew of its existence.
Polkadot (DOT)
Polkadot, which focuses on developing a decentralized web where users themselves identify and control data, has been designed to facilitate easy blockchain interoperability. The Polkadot blockchain has become the darling of investors searching for innovative blockchain projects. DOT will likely flourish because of its ability to facilitate cross-blockchain data and asset transfers, the increasing number of projects and parachains within the ecosystem, and its trusted development team led by Ethereum co-founder Gavin Wood.
Ripple (XRP)
Ripple has cut its niche as a facilitator of cross-border transfers. Ongoing September crypto trends show that despite its legal battles, it has remained resilient and maintained its use case within the global financial system. You can carefully invest in XRP because of its continuous partnerships with leading financial institutions, the invaluable use case for remittances and international payments, and the ever-present potential for value appreciation once all its legal troubles are resolved favorably.
Chainlink (LINK)
Chainlink's decentralized oracle network enables smart contracts to interact with real-world data securely, giving it an envied position within the entire blockchain ecosystem and a favorite for any investor interested in long-term growth. By acting as a bridge between blockchain applications and other data sources, LINK enables smart contracts to interact seamlessly with the outside world. We included Chainlink among the best altcoins in September because of its growing adoption across different industries, including traditional finance, decentralized finance (DeFi), gaming, and insurance. The token is associated with a platform whose potential use cases continue to increase within the blockchain ecosystem. You can invest in Chainlink because of its growing integrations with other blockchains, robust growing community, and potential for ongoing development.
Litecoin (LTC)
Litecoin entered the cryptocurrency market as a "lighter" version of BTC, promising faster transactions on a different hashing logarithm. So far, LTC is among the oldest cryptos that investors still trust. Crypto is a peer-to-peer (P2P) digitalized currency that allows real-time global payments at near-zero costs. Litecoin is, therefore, ideal for regular financial transactions as it offers a decentralized payment network whose security is underpinned by robust cryptographic principles. The main reasons to consider investing in Litecoin include its widespread acceptance, high liquidity, proven track record, and continuous upgrades and development. Litecoin’s partnership with financial powerhouse BBVA to facilitate real-world purchases has triggered a significant price rally for LTC.
Conclusion
As crypto approaches a $2 trillion market value and becomes increasingly mainstream, more and more people are becoming curious and desire to get involved. Our guide makes identifying the leading September crypto picks for potential investment easier. As a rule of thumb, it's best to focus on the basics of a coin to increase your chances of experiencing success. Consider employing a low-maintenance investment strategy, such as having 50% of your investment in Bitcoin and Ethereum, since they have a stronger foundation and will likely be around for much longer.
HODL Team
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