There are several important events happening in the crypto world in September 2024:
1. Bitcoin is set for a possible breakout in late September. Analysts point to historical data that shows that Bitcoin price often rises 150-160 days after the halving. However, September traditionally brings losses (-4.48% on average), which may lead to consolidation before a possible rally in October.
2. VanEck is closing its Ethereum Futures ETF (EFUT) by September 16 due to low asset accumulation and weak performance compared to other products, such as the Ethereum Spot ETF. The closure is due to a review of the company's strategy amid increased competition from blockchains such as Solana and Aptos.
3. Important updates are expected for several crypto projects in September. For example, Polygon (MATIC) is switching to a new token, $POL, while Thorchain (RUNE) and EOS are planning updates that could impact their price and market position. Also, MakerDAO will issue a new stablecoin, USDS, in the middle of the month.
These developments could impact the cryptocurrency market, offering both opportunities for investors and possible short-term risks.
$MATIC
