Cryptocurrency Prices Continue to Fall, But These 3 Altcoins Are Here to Watch in September

Unfortunately, inflation remains high and a recession could ensue. Last week, Fed Chair Jerome Powell indicated that the central bank’s aggressive stance is likely to continue. The market has already taken a hit after his speech. But expect further volatility around the next announcement of a potential rate hike on September 20-21.

In the meantime, a lot of cryptocurrency development actions are taking place behind the scenes. Low prices have not stopped many of these companies from harnessing the transformative potential of blockchain. Indeed, it is always good to look for development activities and permanent upgrades, as it is an indicator of a project’s ability to survive in the long run.

Here are three projects not to be missed in September.

1. Ethereum (ETH)

Given the size of Ethereum, it’s hard to think of it as an altcoin. However, the shift from proof-of-work to proof-of-stake will dominate the crypto agenda. Not only is this the biggest crypto news of the month, but it might just be one of the biggest crypto events of the year. The highly anticipated merger will take place in two phases, the first on September 6 and the second shortly after.

As investors, keep in mind that technical issues can hurt confidence across the industry, not just Ethereum. There is also a lot of hype and speculation surrounding the merger, which could mean that we will see a drop in ETH in the near term as the merger rolls out. If you keep your eyes on the long term, you will be less affected by the immediate turmoil.

Here are some other cryptocurrencies to look at, directly related to Ethereum:

  • Polygon (MATIC): You would think that upgrading Ethereum would be negative for Tier 2 solutions like Polygon. After all, they’re there to improve Ethereum’s performance, so if they improve, won’t they become obsolete? It’s unlikely. First, the merger will not solve problems such as high gas tariffs or network congestion. Second, even as Ethereum gets faster and cheaper, Layer 2s will be able to boost its performance even further.
  • Ethereum Classic (ETC): Also called the Ethereum”originalEthereum Classic was formed after a disagreement that divided the community more than five years ago. It will not proceed to proof of stake. This makes it attractive to many Ethereum miners whose equipment is about to become obsolete.

2. Cosmos (ATOM)

Cosmos attracted a lot of attention in August after asset manager VanEck said he was optimistic about ATOM in the long term. That hype may be over, but we’ll keep our eyes peeled in September and hope for some progress with the highly anticipated Rho upgrade. Originally scheduled for the second quarter of this year, there is no set date, but when it arrives, it will bring better governance and other features.

Cosmos is an interoperability cryptocurrency, meaning it helps blockchains communicate with each other. This is an important element for the industry and one of the many reasons why VanEck is optimistic about its future. It is available in most major cryptocurrency markets.

3. Helium (HNT)

Helium has been struggling lately. The decentralized network that pays HNTs to operators serving its long-distance Wi-Fi routers was initially criticized for misrepresenting its partnerships. Questions were then asked about its usefulness, citing low monthly income figures.

Helium responded to criticism by highlighting the project’s various use cases and outlining its potential market share. CEO and founder Amir Haleem explained that the low revenue figures published in the media are not representative of the network’s total revenue.

Helium is considering switching to the Solana (SOL) network today. The community will be able to vote on this proposal in mid-September, which would simplify the architecture of the blockchain and make it more scalable. A great meeting”Helium Houseis also scheduled for New York on September 20.

There is still a lot of uncertainty in the cryptocurrency markets and unfortunately prices could fall further. Do not rush and buy the above cryptos with the hope of making a profit in the short term. Instead, do your own research and think about how you think they could perform in the long run and how they could fit into your larger portfolio. As with any high risk investment, only spend the money you can afford to lose.

Cosmos and Helium are both interesting crypto projects that have a lot to offer. However, all cryptocurrency investments come with risks and these are no different. Cosmos has a bad habit of leaving updates — Rho’s is late — and some critics say Helium’s company doesn’t need blockchain at all. It is also important not to get too caught up in the hype surrounding Ethereum. The merger is a big deal, but it’s just one step in a bigger journey. The next big step will be to really lower gas prices and improve scalability, and that upgrade isn’t expected until at least next year.

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