There are only a few days left before the interest rate cut. There is a high probability that cousin CZ will be released this month. Many projects were previously planned to be launched around September, so no matter whether the market will continue to fall or not, September is a time full of opportunities. Be diligent and try to seize more opportunities.
In the 10 years from 2013 to 2023, the cryptocurrency market only saw a slight increase in September of 2015, 2016 and 2023, while the Septembers of the other seven years were all plunges.
However, the market basically all rose in October, so the saying of "Golden September and Silver October" in the currency circle also exists, but this Golden 9 may mean that there may be a golden pit in September for you to buy at the bottom!
September Gold Pit! Buy these altcoins at the bottom and they will rise 10-20 times in the future!
INJ
Injective recently launched a new tokenized index for BlackRock’s BUIDL fund that tracks the fund’s supply. The network revealed that the index is the first perpetual market. The new feature will provide unique access to the BUIDL fund. The BUIDL fund, the BlackRock USD Institutional Digital Liquidity Fund, marks BlackRock’s first tokenized product launched on a public blockchain. Importantly, it will give institutional investors exposure to U.S. Treasuries and other assets.
August was a big month for the Injective (INJ) community, highlighted by a major chain upgrade and a successful Injective Builder House event in Brussels. The chain upgrade was completed without a hitch. It is expected to improve the performance and security of the protocol, benefiting all users. Additionally, the community looks forward to building on the progress made in August. These updates provide a solid foundation for future growth.
In terms of market performance, Injective has been in the spotlight, with its price rising to $17.09, up 8.56% in the past 24 hours. Despite bearish market sentiment and a Fear & Greed Index score of 29 (Fear), Injective has performed well over the past year. Its price has risen by 151% so far this year. Thus, it has outperformed 81% of the top 100 crypto assets. Moreover, INJ is trading 54.97% above its 200-day simple moving average of $11.02. This indicates a positive trend compared to its token sale price.
CFX
Conflux Network is collaborating with Alibaba Cloud to advance Web3 solutions in the retail, art, tourism, entertainment, and education sectors. Through this collaboration, the two companies aim to drive innovation in Hong Kong and create business opportunities using advanced technologies.
Conflux Network is a blockchain network focused on fast, secure, and scalable decentralized application (DApps) solutions. The network's tree graph consensus mechanism increases transaction speed and reduces latency while ensuring security. These features make Conflux the right partner to develop Web3 solutions that meet industry needs.
Meanwhile, CFX is seeing positive market trends despite the downturn. At press time, Conflux is trading at $0.1311, up 7.47% intraday. Year to date, prices are up 5%.
Additionally, CFX has 16/30 days where the closing price exceeded the opening price, indicating moderate momentum. The token also exhibits high liquidity based on its market cap. Analysts expect Conflux to trade between $0.131878 and $0.15973 this week. This forecast suggests that there could be upside in the short term, although market volatility remains a concern.
AKT
On September 4, Nvidia, the leading artificial intelligence chip company, was hit by the market and its price plummeted by 9.53%. In the early hours of Thursday, its stock price fell from US$116.02 to US$108, and its market value shrank by US$270 billion, from US$2.92 trillion to US$2.65 trillion, setting a record for the largest single-day market value shrinkage for a US company.
Nvidia's stock price fell after the U.S. Department of Justice reportedly issued an antitrust subpoena. The impact of this drop was not limited to Nvidia, but also affected AI-focused cryptocurrencies such as Akash Network (AKT), Fetch.AI (FET), and Render (RNDR). Akash Network, in particular, fell 11% from an intraday high of $2.40 to $2.15.
However, the coin has shown signs of recovery with its price rising to $2.33, up 4.96% in the last 24 hours. The coin remains well above its 200-day simple moving average at $1.01.
The price of Akash Network is expected to rise further and could reach $7.54 by October 2024, a gain of 226.84%. Nvidia’s recent market woes have had a ripple effect on AI-related cryptocurrencies, although some cryptocurrencies such as Akash Network are showing signs of a potential rebound.
ICP
In the past 24 hours, Internet Computer (ICP) has seen its price increase by 3.54% to $7.50. This is in stark contrast to the past week, which saw ICP’s price fall by 6% from $7.81 to its current price. At its peak, ICP’s all-time high was $700.65.
Volatility analysis using Bollinger Bands reveals significant fluctuations in both daily and weekly fluctuations. The wider the Bollinger Bands, the greater the volatility. Over the past seven days, ICP’s trading volume has dropped by 27%, while the circulating supply has increased by 0.3% and now totals over 469.38 million coins. ICP currently has a market capitalization ranking of 29th, with a total valuation of $3.53 billion.
On a yearly basis, ICP’s price is up 126%, outperforming 74% of the top 100 cryptocurrencies. It has also performed better than Bitcoin and Ethereum. The token has performed relatively positively compared to its token sale price, with 53% of the past 30 days closing above its open (16 green days). ICP continues to trade actively on platforms such as Binance.
