5 cryptocurrencies with potential for September
Solana is the most popular altcoin in LATAM since early 2024, according to a report
Bitso presented a comprehensive overview of cryptocurrency investments in Latin America during the first half of 2024. The report reveals interesting data on user preferences.
The most recent report from the Bitso Exchange, titled âCrypto Panorama in Latin America: First Half Report 2024â, showed the composition of its usersâ portfolios in Mexico, Colombia, Brazil and Argentina, highlighting some interesting data on user preferences.
Finally, the report also mentioned that the 677% year-over-year growth in the price of the SOL token, Solanaâs native crypto asset, âexplains the popularity of SOL in the last half year and its relative growthâ among users.
Price expected for September 280$
Polkadot (DOT) Analysis for September 2024
Project Overview
Polkadot is a next-generation blockchain platform that seeks to interconnect multiple blockchains into a single, unified network. Founded by Ethereum co-founder Gavin Wood, Polkadot seeks to create an âInternet of Blockchains,â allowing different blockchains to interoperate and share information securely and efficiently.
Key points of the project
Interoperability: Polkadot enables communication between different blockchains.
Scalability: Improves scalability by processing multiple transactions in parallel on different blockchains (parachains).
Shared Security: All blockchains connected to Polkadot share the same security.
Governance: DOT holders have a say in network updates and decisions.
Bullish Scenario
If DOT manages to break the resistance at $4.34 and close consistently above this level, we could see a rally towards the next resistance levels around $5.00. This would require an increase in volume and a possible improvement in overall market conditions.
Avalanche (AVAX) Analysis for September 2024
Avalanche (AVAX) is a high-performance blockchain and smart contract platform designed to deliver fast transactions, low fees, and high scalability.
Key Aspects
Ecosystem Growth: Avalanche continues to expand its ecosystem with a growing number of dApps and projects.
Integrations and Partnerships: The network has established partnerships with major projects and platforms, including DeFi protocols and Layer 2 solutions.
Avalanche Rush: A program that encourages liquidity on the network, attracting new projects and users. The expected price for the bull run is $40.
Render
One of the narratives that could âexplodeâ in 2024 in the cryptocurrency industry is that of artificial intelligence. There are hundreds of tokens related to this niche. One that has stood out in 2023 (and therefore has a good performance track record and a relatively large market cap) is Render Token (RNDR).
Render is a protocol born on the Ethereum network and recently migrated to Solana, which allows sharing the processing power of graphics cards (GPU). Those who put their cards at the service of the network are rewarded with the RNDR token.
Among other things, these graphics cards are used in developments related to artificial intelligence and that is why RNDR is often considered a token of that market niche.
In 2023, Render Token has multiplied its price by approximately 10. You might think that the rise is already over, but it should be noted that it is close to the 50th position by market capitalization. In other words, it still has room to rise.
Bitcoin (BTC) Analysis for September 2024
Technical Analysis
Overall Trend: Despite recent volatility, Bitcoin has been in a consolidation phase following a major drop from its all-time highs.
Historial de Halvings
September performance: Historically, September has not been a particularly strong month for Bitcoin in halving years. In 2012 and 2016, Bitcoin had sideways movements during September.
Key Factors
Macroeconomic Factors: Global economic uncertainty, interest rate decisions by the US Federal Reserve, and regulation of the crypto market can all affect the price of Bitcoin.
Adoption and Technological Developments: Bitcoin remains the leading digital asset, with growing institutional adoption and an increasing number of applications.
It is expected that in this month of September it will be located at $80,000
Please note that this article is not financial advice, only invest what you are willing to lose...Dyor
