Trader Michael van de Poppe in his YouTube channel named five altcoins, which, in his opinion, are the most promising in September.
The analyst claims that the tokens that are the most promising in September: Cosmos, Mina, Chainlink, Harmony and Tezos will repeat the dynamics of Cardano, Solana and Avalanche, which have risen in price by 130%, 314% and 348% over the last month, respectively. Writes about this RBC Crypto.
According to van de Poppe, the Cosmos token is still in the accumulation phase in a pair with Bitcoin. Once the asset crosses the accumulation range, a “real impulse wave” will occur, the trader claims.
Over the past month, the Cosmos token has more than doubled, and its capitalization has increased to $ 94.4 billion, according to CoinGecko. On August 3, the altcoin is trading at $ 24.
Cosmos (ATOM) is a decentralized network of independent parallel blockchains that operate on the basis of Byzantine fault tolerance (BFT) algorithms. These blockchains are able to interact with each other through the Cosmos network called the “Internet of blockchains”.
On September 3, the Mina token is trading at $ 3.8. The next important level for cryptocurrency is $ 5.3, the analyst says. In his opinion, if the altcoin manages to overcome it, then its price may more than double from the current levels, to $ 8.
Over the month, the Mina token has risen in price by 100%, and its capitalization has grown to $ 797 million.
Mina is a “lightweight blockchain” designed to make decentralized applications (dApps) lighter and more efficient.
Recently, Chainlink token has been weak when paired with Bitcoin, van de Poppe said. According to his forecast, the altcoin is in the stage of accumulation and is preparing for an impulse wave of growth.
Over the past four weeks, the Chainlink token has risen in price by 35%. Altcoin capitalization rose to $ 13.3 billion. On September 3, the cryptocurrency is traded at $ 29.7.
Chainlink is the first network of decentralized oracles between blockchains and smart contracts, and among its partners is the Swift payment system. Also, the coin is in the portfolio of the Grayscale investment fund.
Over the past month, the Harmony token has risen in price by 86%. On August 3, the altcoin is trading at $ 0.12. Its capitalization increased to $ 1.2 billion.
According to the analyst, the Harmony token has just begun to recover after the collapse of the crypto market in May, when the cost of bitcoin fell by a third per day and dropped to $ 30 thousand for the first time since January. The positive movement of the altcoin will continue in September, van de Poppe said.
Harmony is a project built for blockchain scalability. The platform is designed with optimization in mind and has high throughput and low transaction fees.
The Tezos token has not shown growth in tandem with Bitcoin for a year, the trader noted. According to him, this means that the asset is preparing to overcome the resistance level. If this happens, then the altcoin could rise in price by more than double in relation to bitcoin, van de Poppe argues.
Over the past month, the Tezos token has doubled in price, and its capitalization has increased to $ 94.4 billion. On September 3, the altcoin is traded at $ 5.2.
Tezos is a decentralized blockchain platform with smart contract support and the ability to create tokens and decentralized applications (dApps).