#Write2Earn! #BinanceTurns7 #btc $BTC
September Must-Sees: 5 Cryptocurrencies on Sale That May Profits
If you ask me what my favorite cryptocurrencies are on sale this September, I'll tell you the truth: BUT I WARN YOU, IT WILL SOUND VERY BORING. If you go on a treasure hunt with your pickaxe on your shoulder digging holes in the ground, it's very likely that there won't be anything to dig here, although let me warn you, many times the real TREASURE is RIGHT IN FRONT OF YOU.
So this is my list and over time maybe 2 cryptos will remain, the first is elemental my dear Watson, a gem as old as gold itself, coming from the foundation of technology like gold from the oldest lands. The second comes with a great promise and is to put the great players to bat. The third, although it may seem untrue, has made me win and still has the possibility of enhancing what it promises to be. The fourth is also elemental, knowing how to play with it, invest in it at the right times and maintain it, you can have constant returns at different times. And the last is a small gem that has become a big one and we have all seen it grow and I don't think it will stop now. I missed one but I'll leave it to your imagination.
Without further ado, here is my little Top list to make the most of this bloody September:
1. Bitcoin
#BTCâ continues to lead the market with a market cap of $1.2 trillion and an annual return of 128%. Its robust blockchain and exponential increase in value from approximately $500 in May 2016 to around $59,125 in September 2024 demonstrate its dominant position.
Price Trends: Trading at 56K, expecting a drop to 53,600k and although many anticipate a drop to 41k, or the beginning of the new bear market cycle, I am sorry to disappoint you, as it may be a good opportunity to activate the#DCAand start scheduled purchases or simply buy at lower prices and not regret it later when the market is back at the top.
Forecasts: Bitcoin has been moving within a range in a bull market context, which according to Dow Theory is considered to be in aconsolidation periodThis means that although the overall trend remains bullish, prices experience sideways movements, i.e. they fail to establish new significant highs for a while.
Theory suggests that these ranges can be healthy, as they allow the market to "recharge" before continuing its ascent.
2. Chainlink (LINK)
Project details: Chainlink is a decentralized oracle network that allows smart contracts on the blockchain to interact with real-world data. Its technology is fundamental to connecting blockchain with external data, enabling a wide range of applications from decentralized finance (DeFi) to insurance and gaming.
Price Trends: As of mid-September 2024, LINK is currently trading around $10. Due to the increasing adoption of oracle technology and its integration into multiple DeFi platforms, the price of LINK is expected to continue on an upward trend, with projections suggesting it could reach $15 in the coming months.
Forecast: The crypto community is optimistic about the future of Chainlink. The growing need for reliable data and the expansion of oracle solutions in new projects will boost demand for LINK, consolidating its position in the market.
3. SEI Network (SEI)
Project Details: SEI Network is a Layer 1 blockchain designed specifically for digital asset trading. It focuses on providing an optimized trading environment, with features such as high-speed order execution and support for multiple asset pairs, making it attractive for traders and exchanges.
Price Trends: Currently, SEI is trading around $0.35. With the increasing interest in decentralized trading platforms and SEIâs ability to handle transactions efficiently, the price could rise to $0.60 in the near term.
Forecast: Significant growth is expected for SEI, especially if it manages to attract more users and trading platforms. Its focus on efficiency and speed could position it as a preferred choice among traders, which in turn would boost demand for the SEI token.
4. Binance Coin (BNB)
Project details: BNB is Binance's native token, with unprecedented utility, it is used to pay transaction fees on the exchange as well as in the Web3 wallet and to participate in initial exchange offerings (IEOs), airdrops, megadrops, as well as platforms for launching new tokens and in each event its price increases.
Price Trends: After a significant drop to $400, a recovery around $600 is expected. It is estimated to reach $470-$457 in the short and medium term. Then it will return to $536.
Forecast: BNB is expected to remain a valuable asset, especially with upcoming Binance launches, projects, and events.
5. Solana (SUN)
Project Details: Solana is a high-speed, low-cost platform for dApps, with its hybrid proof-of-stake and proof-of-history system for fast and secure transactions, powering decentralized finance (DeFi), decentralized applications (DApps), and smart contracts.
Despite the fierce competition from BNB and Ton token launch platforms, it is expected to maintain sustained growth due to its versatility and adoption in different areas of the market.
Price Trends: SOL is currently trading around $128. With the growing interest in its ecosystem and the launch of new projects, it could reach $180-$200 in the medium term. Like BTC, it is in a period of consolidation, a healthy and preliminary stage before reaching such prices again.
Forecasts: Many have taken this break from Solana the wrong way, believing that Ton has stolen the spotlight from it, and it may be that, in any case, the reasons for investing in a certain crypto are based on personal criteria, however, it is necessary to analyze what is behind each project to verify its sustainability over time, because I consider that each investor wants to have only the best in their portfolio.
However, applying Paretto's theory to investments reminds us that 80% of your profitability is in 20% of what you do or have, which indicates that of all the cryptos that you like or hear about or believe can give you profits, only a couple of them are the ones that will make your portfolio grow in profits and your job is to know which ones they are or what of what you do is what makes or will make you profitable.
If you got this far, I leave you with this great quote from David Einhorn (a statesman): The best investment opportunities are often found in places where others fear to look.
These are times of reading.