Top 10 Altcoin hopefuls to watch this September

This article will analyze ten cryptocurrencies that have interesting developments planned for the month of September, which could also have a positive effect on their price.

Cardano (ADA)

  • Current price: $ 3.03
  • Market capitalization: $ 91 billion
  • Market Cap Ranking: # 3

Cardano was founded in 2017 by Charles Hoskinson, who is also a co-founder of Ethereum (ETH). It is a proof of stake platform, whose native token is ADA. It is one of the largest blockchain platforms that uses proof of stake instead of proof of work consensus.

Alonzo testnet launched in May and the hard fork is expected to occur on September 12. It will allow the creation of decentralized applications (dApps) on the blockchain, potentially making it a competitor to ETH.

Cardano summit will take place on September 25. It will feature seven events and 20 local meetings.

ADA has been on the rise since it traded as low as $ 1.02 on July 20. So far, it hit a new all-time high of $ 3.08 on September 2.

This week, the network will test its new ERC-20 converter during the launch of the new test network.

If tADA continues to rise, the next resistance would be at $ 3.34, the external 1.61 Fib retracement resistance level.

Kava.io (KAVA)

  • Current price: $ 8.10
  • Market Cap: $ 642 million
  • Market Cap Ranking: # 112

Kava.io is a decentralized finance lending (DeFi) platform. Its three main use cases are that it enables users to invest, earn, and lend their assets. One of the main strengths over other platforms of this type is the fact that it supports cross-chain assets.

Following the launch of the new testnet on July 28, the mainnet is expected to go live in September.

Right before this KAVASwap will be released on September 1st. It is a liquidity hub connecting DeFi, blockchain, and financial services.

KAVA has moved higher since breaking a descending resistance line on July 24. It reached a new all-time high on August 22.

After validating the horizontal support area of ​​$ 7.30 on August 27, it started another upward move and hit a new all-time high of $ 9.21 three days later.

Neither the MACD nor the RSI show definite signs of weakness.

next resistance is at $ 11.90.

Zilliqa (ZIL)

  • Current Price: $ 0.113
  • Market Cap: $ 1.256 billion
  • Market Cap Ranking: # 81

Zilliqa is a public blockchain that has the ability to finalize thousands of transactions per second. It does this by using the fragmentation technique, which helps to solve the scalability problem. In addition, the Zilliqa platform hosts numerous dApps and also enables agriculture and stakeout.

ZIL completed in network update on September 1. update will greatly improve network performance in several areas, including but not limited to:

  • Memory cleaning
  • Network stability
  • Managing the submission of proof of work
  • Node synchronization

ZIL has steadily pulled away from the $ 0.115 resistance area since Aug 14. rejection was combined with a bearish divergence in both the RSI and MACD. Other than that, ZIL appears to be breaking an ascending support line.

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refore, it is possible that it will continue to decline in the near term towards $ 0.085 before potentially breaking out.

ICON (ICX)

  • Current price: $ 1.43
  • Market capitalization: $ 927,258 million
  • Market Cap Ranking: # 100

ICON is a blockchain protocol that is mainly used for dApps. Its main focus is on interoperability. So it helps the different blockchains work with each other. platform uses its native cryptocurrency, ICX, which is capable of executing smart contracts. In addition, it uses a new protocol called a proof-of-contribution delegate.

A community airdrop will do this between August 31 and September 25. It will provide OMM tokens to various users of the ICON blockchain, especially those who have provided liquidity and active voters.

ICX has been rising alongside an ascending support line since July 20 and peaked at $ 1.61 on August 23.

However, it has returned to the support line once again. On top of that, both the MACD and the RSI are turning bearish.

closest support is at $ 1.13, while the next resistance is at $ 1.95.

Earth (MOON)

  • Current price: $ 32.32
  • Market Cap: $ 13.54 billion
  • Market Cap Ranking: # 13

Terra is a blockchain that uses stablecoins to power global payment systems. refore, it aims to combine the stability of fiat currencies with the speed and decentralization of cryptocurrencies. native token is LUNA, which is used to stabilize the price of stablecoins on the blockchain. It is also used for voting rights in governance proposals.

After testnet launched on August 13, the Columbus-5 mainnet update will be released on September 9. It will provide numerous updates including dividend exchange fees rather than burn them, to increase equity returns. Beyond that, it will optimize gas efficiency for voting processes.

LUNA has moved higher since it broke a descending resistance line on August 1. On August 29, it reached an all-time high of $ 36.89. high was reached just above the 1.61 Fibonacci external retracement resistance level.

A bearish divergence is forming in both the MACD and the RSI, a sign of a possible trend reversal.

next area of ​​resistance is $ 52.50. This target is the 2.61 Fib External Retracement Resistance Level.

Coti Network (COTI)

  • Current Price: $ 0.341
  • Market Cap: $ 274 million
  • Market Cap Ranking: # 169

COTI is a blockchain platform that focuses on allowing users to create their own payment systems. It uses a new consensus algorithm called ‘Trustchain’. algorithm is based on machine learning and can process more than 100,000 transactions per second.

COTI will begin with the distribution of smart contracts on chain in September. Unlike many other blockchain projects running off-chain smart contracts, COTI will provide fully decentralized on-chain executions for your smart contracts. While the smart contracts will be rolled out in September, the ability to implement them on the COTI infrastructure is expected to arrive at the end of the third quarter.

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COTI broke a long-term parallel downtrend channel on August 25 and hit a high of $ 0.49 on the same day, up a whopping 48%.

However, it was pushed back by the 0.786 Fibonacci retracement resistance level and has been moving lower ever since.

IOST (IOST)

  • Current Price: $ 0.045
  • Market capitalization: $ 668 million
  • Market Cap Rank: # 114

IOST is an extremely fast decentralized blockchain network. Employ your own wallets and nodes. It also uses a new consensus protocol called a “credibility test.” native token of the network is IOST.

network also features several innovative technologies, such as Efficient Distributed Sharding, Atomix, and Micro State blocks.

Third quarter of 2021 will introduce a new mainnet update, and the network is collaborating with global and mobile teams to increase usability. Finally, it will introduce a new non-fungible token market (NFT).

IOST exited an ascending parallel channel on August 11 and returned to validate it as support on August 20 (green icon).

So far, it peaked at $ 0.048 on Aug 25.

However, it was unable to regain the horizontal resistance area of ​​$ 0.045 and has been moving lower ever since.

Potentially, it is revalidating the resistance line of the channel as support once again. line also coincides with the support level of the 0.5 Fib retracement.

Zero exchange (ZEE)

  • Current Price: $ 0.379
  • Market Cap: $ 15 million
  • Market Cap Rank: # 785

Zeroswap is a decentralized exchange aggregation protocol. This means that it rewards users for chain trading and provides liquidity to decentralized exchanges.

It currently supports various chains, such as Ethereum, Binance Smart Chain, and Polkadot. native token of the protocol is ZEE.

Three Quarters 2021 will bring numerous new updates, such as:

  • A new governance module
  • Zeroswap mobile app
  • New bridge for PolkaDot, AVA and Elrond

On July 20, EEZ started an upward move that continued until August 23, leading to a high of $ 0.56. EEZ has since declined and is trading just above the $ 0.262 support area, which is the 0.618 Fibonacci retracement support level.

As long as the token is trading above this level, the bullish structure remains intact.

Neither the RSI nor the MACD provide information on the direction of the future trend, as they both provide a neutral reading.

Beam (RADIO)

  • Current price: $ 0.69
  • Market Cap: $ 64.15 million
  • Market Cap Ranking: # 498

Beam is a confidential cryptocurrency platform whose main strength lies in your privacy. It uses two different platforms to provide secure and anonymous transactions. protocols are mimblewimble AND Lelantus MW.

platform does not require a third party to verify transactions between two parties. platform’s native token is BEAM.

In the third quarter, Beam will revamp the address book to make it considerably simpler. In addition, it will add a new web wallet and allow the exchange of confidential assets.

BEAM has risen along with an ascending support line since July 20. However, on August 26 it collapsed and has been moving downward ever since.

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closest support levels lie between $ 0.526 and $ 0.583. se are the support levels of the Fibonacci retracement of 0.5-0.618.

Basin (DOCK)

  • Current Price: $ 0.112
  • Market Cap: $ 69 million
  • Market Cap Ranking: # 471

DOCK is a blockchain platform that aims to provide businesses with an easy way to present and verify digital transactions. platform focuses on solving crucial problems related to how data is used, captured and shared.

platform’s native token is DOCK, which allows users to vote on how the mainnet is used.

new mainnet will be launched in September 2021.

DOCK is attempting to break out of the horizontal resistance area of ​​$ 0.107. Also, it is potentially following an ascending support line, which in turn would create an ascending triangle.

Both the MACD and the RSI are bullish. A breakout could lead DOCK to the all-time high resistance area of ​​$ 0.145.

SafeMoon (SAFEMOON)

  • Current Price: $ 0.00000231
  • Market cap: $ 1.37 billion
  • Market Cap Ranking: # 88

SafeMoon is a new DeFi token launched in March 2021. It is a deflationary currency due to its coin burning strategy. Holders can stake their tokens up to 80% of the expected annual returns.

He plans to eventually launch an NFT exchange and market.

new wallet launched on August 28, while version two of the token will be launched in September.

SAFEMOON broke a descending resistance line on August 20. However, it failed to break out of the $ 0.000003 resistance area. Until it does, the trend cannot be considered bullish.

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