I have prepared 5 coins for you. With stable charts, amazing monthly closes, strong market momentum and amazing fundamental growth.
Tokens to watch in September 2024
Note! [Not my personal list] --- The market made this list
Well…first let go of the bearish bias because we have been wrong a lot in this cycle and we may be wrong again…one thing markets mainly do is go against popular bias so I would not be surprised if we have a bullish September.
Now, let's assume that this scenario will lead you to a bullish month. In this case, should we think that all our wallets will rise quickly? No, stop imagining, brothers... No currency will rise based on assumptions. Only those currencies that create a strong social demand based on data, fundamentals or atmosphere are likely to rise.
Moreover, those coins that will see gains are likely to continue the bullish trend, which means that some of these coins have already seen the first wave, i.e. trailers, this month. So, you just need to find the top 5 fundamentally solid coins that have seen strong momentum in the market over the past 30 days.
Now, coins that have all of these characteristics have a better chance of performing better --- in this case, you got these 5 coins $AAVE $HNT $RSR $Pepecoin $SUI
1/ Why $AAVE?
It has the vibe, the fundamentals, the numbers…and all of those numbers are going up.
Aave has been on a strong run over the past 24 hours, with its price action trending upwards. The bulls have maintained the momentum, keeping the price above $100.
The 4-hour technical indicators for AAVE price show a bullish trend, with the asset experiencing significant gains within a channel pattern. The Moving Average Convergence Divergence (MACD) recently crossed above its signal line, pointing to potential upside momentum. This came after a period of consolidation, as indicated by the flat movement in the histogram prior to the crossover.
According to Coinglass, Aave has experienced a lot of trading activity recently. Aave’s trading volume surged 50% to $358.65 million. Additionally, open interest in Aave derivatives also increased significantly, climbing 21.20% to $133.62 million. These indicators point to growing investor interest and market movement in Aave.
Aave price is showing signs of entering a bullish market phase. The current uptrend suggests that a breakout of the $150 resistance level may occur soon. If this upward momentum continues, the top altcoin price may reach $160 soon. There is a possibility that the price could reach $200, which would be a gain of more than 98% by the end of September.
2/ Why $HNT?
Solana’s largest decentralized public infrastructure network, Helium, continued its strong comeback this week.
First, it's not a scam...it's the only DePIN project with real world demand from demographics like the US, and it's breaking some big name partnerships that will ultimately help $HNT reduce inflationary pressure on the demand side, which will help future price increases.
$HNT rose more than 8% on August 29, outperforming all top 100 altcoins. It rose to an intraday high of $7.5, and its 30-day gain reached 50%. It also soared more than 100% from its lowest point this month.
The rally comes after the community voted overwhelmingly in favor of HIP130 and HIP131, meaning all compatible Wi-Fi access points can be configured to support service providers like Helium Mobile.
Instead, Proposal HIP 131 would allow service providers to begin Hex boost zones that only affect the highest-income areas. The proposals would take effect seven days after the announcement.
HNT’s gains occurred in a high-volume environment, indicating strong demand. Data showed that open interest in the futures market has surged to $7.42 million, the highest since April and well above the low of $2.7 million this month.
HNT’s technical indicators suggest that the current rally could continue. As the 50-day and 200-day exponential moving averages (EMAs) crossed, the coin formed a golden cross pattern, a widely recognized bullish signal.
The chart has also formed a cup-and-handle pattern, with the recent consolidation forming the handle portion. This is generally bullish.
Further gains will be confirmed if the price breaks above the critical resistance level of $8.036 (August 18 high). If this happens, the coin could jump to the February 15 high of $11.05, which would mean a possible gain of 46% from current levels.
3/ Why $RSR?
Reserve Rights is an ERC-20 token that plays two key roles in the Reserve Protocol. First, it supports the overcollateralization of the Reserve stablecoin (RTokens) through staking. Second, it governs the protocol by enabling proposals and voting on RToken configurations.
RSR is more than just a governance token. It also serves as a safety net for RToken holders in the event of a collateralized token default. RSR holders can stake their tokens on one or more RTokens, or choose not to stake at all. Stakers provide upfront loss capital, and in return they receive a portion of RToken revenue.
Unlike other staking models, RSR staking is sustainable and does not rely on new participants to pay fees for previous participants. Reserve stablecoins are different from other stablecoins because they are backed by a basket of cryptocurrencies managed by smart contracts, not just the US dollar. In addition, it is secured by the Proof of Work (PoW) consensus of the Ethereum blockchain, ensuring strong protection against attacks.
Looking at the market, the currency’s liquidity seems strong, with a volume-to-market cap ratio of 0.2423, indicating strong trading activity. The rising currency is trading well above its 200-day moving average at 63.41%, indicating a long-term bullish trend.
Although the RSI of 45.56 indicates neutrality, it suggests that sideways trading is possible in the short term. In the past 30 days, RSR has only experienced 9 positive days, but it has remained stable with volatility of only 17%. Despite this, RSR has outperformed 78% of the top 100 crypto assets and achieved an amazing growth of 146% in the past year.
Reserve Protocol has seen crazy growth in rTokens adoption and TVL demand-side, and $RSR staking rewards rise along the demand-side adoption curve, which is generally beneficial to value capture for token holders.
4/ Why pepecoin?
Founded in 2016 by pioneers and visionaries, PepeCoin introduced an interesting ecosystem of OS-style applications that seamlessly integrates DeFi, gaming, unique NFT experiences, and cutting-edge memetics.
Pepecoin is a CX coin… with massive crowd support and I’ve been watching this closely. BasedAI and Pepecoin burn will drive demand for this token in the coming weeks/months.
PepeCoin's recent performance shows exciting potential. Over the past week, PepeCoin has gained as much as 58.72%, and has posted a solid gain of 19.25% this month, setting the stage for a bullish breakout. Although it is approaching a critical resistance level of $3.3, a breakout above this level could open the door to new targets. The RSI is 44.08, indicating balanced market conditions, with potential support at $1.48, and prospects for a significant upside. With sustained momentum, PepeCoin could be on the verge of a major upside.
5/ Why choose $SUI?
SUI is a scalable layer 1 blockchain that uses a secure data model and the Move programming language to solve common blockchain problems. Sui focuses on user experience by removing typical blockchain barriers. It introduces features such as zkLogin and sponsored transactions to make applications more accessible.
These innovations could attract more users and developers, creating potential growth. Sui’s technology could make it a valuable addition to portfolios eyeing the next bull run. The token’s strengths include a secure and user-friendly platform that could be attractive to both users and developers, setting a new standard for the Web3 world.
With its unique approach to scalability, SUI aims to solve some common problems faced by older blockchains. If you are looking for a promising project in the blockchain space, Sui is worth considering.
SUI has a strong atmosphere, strong social demand, good partnerships, rising fundamentals… and a Creator Grant Fund, which will translate into regular hype and drive up prices in the face of regular unlocking. So keep an eye on it.
