Events in the market in the month of September that can significantly impact prices and volatility in the 2024 market, so it is important to follow them closely.
1. Protocol Upgrades and Hard Forks
Cardano (ADA) – Hydra Upgrade (Interim):
Date: September 6, 2024. Details: Upgrade focused on improving the scalability and performance of transactions on the Cardano network, through the Hydra protocol. The upgrade is expected to increase the speed and efficiency of the network, which may positively impact the price of ADA.
Ethereum (ETH) - Shanghai Capella Upgrade:
Date: September 19, 2024. Details: This update aims to improve energy efficiency and reduce gas costs on the Ethereum network. It may also include changes to staking and token management, influencing ETH market dynamics.
2. Launching New Products
Bitcoin (BTC) - Spot Bitcoin ETF Launches in the US:
Date: September 15, 2024. Details: The US SEC is expected to approve or reject the first Bitcoin ETF proposal in sight. Approval could attract a new wave of institutional investment, boosting the price of BTC.
Solana (SOL) - Solana Pay Global Rollout:
Date: September 25, 2024. Details: Global expansion of the Solana-based payments system, Solana Pay, which could increase the adoption of SOL as a means of payment, positively impacting its valuation.
3. Global Economic Events
FOMC Interest Rate Decision:
Date: September 18, 2024. Details: The Federal Reserve’s interest rate decision could have a significant impact on the cryptocurrency market. A rate hike could put pressure on the crypto market, while a hold or a decrease could be seen as positive.
4. Important Conferences and Events
Token 2049 Singapore:
Date: September 13-14, 2024 Details: One of the largest crypto events in Asia, featuring keynotes from industry leaders and potential major project announcements.
Mainnet 2024 (Messari):
Date: September 20-22, 2024. Details: Conference in New York City, focused on innovations and developments within the blockchain and cryptocurrency industry. Significant innovations may emerge from this conference.
5. Regulation
Discussion of the MiCA (Markets in Crypto-Assets) Bill in the European Union:
Date: End of September, 2024 (Provisional). Details: Final discussions on the regulation of the crypto asset market in the European Union. The regulation could have a significant impact on cryptocurrency markets in the region, mainly affecting exchanges and stablecoin issuers.
These events could bring volatility and opportunities to the cryptocurrency market in September 2024. Staying informed and following developments can be crucial for investment strategies.