Crypto winter is looming above the market, but these top altcoins are worth adding to your watchlist.
It is certainly a difficult time for the crypto industry, with clouds still on the horizon. In the meantime, plenty of projects are developing behind the scene. Experts believe that it is smart to look for ongoing development activity as it is a key indicator of a project’s long-term prospects. Although crypto prices will continue to struggle for a bit, some altcoins have finally started to gain momentum. Here are the 3 altcoins that are worth watching in September.
Ethereum (ETH)
Ethereum still maintains its position as the leading smart contract platform by total value locked (TVL) in its ecosystem.
Ethereum is not merely one of the most popular crypto assets but is also an exceptional network with many outstanding features, such as smart contracts, decentralized applications (dApps), and non-fungible tokens (NFTs).
Like most other cryptos, the price of ETH has been on a rollercoaster ride for over a year now. But, even despite the current erratic price actions, investors still remain bullish on Ethereum in 2022, predicting that ETH will breach the $12,000 mark shortly. A great part of this optimism stems from the upcoming Merge update. The Proof-of-Stake consensus mechanism will significantly lower energy consumption, reduce transaction fees, and drastically speed up transactions. Thus, the transition is critical for investors focusing on Environmental, Social, and Governance (ESG) issues.
Ethereum is known for its flexibility when it comes to integration with DeFi projects. The platform already has hundreds of NFT, metaverse, and decentralized application (dApp) projects on its network. And with the upcoming enhancements to the Ethereum network, adoption is expected to explode, making ETH a crypto worth watching in September.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cosmos (ATOM)
Cosmos, hailed as the “Blockchain 3.0”, has made its place on the list of altcoins worth watching in September.
The project came into the limelight recently with Global investment manager VanEck's post of an optimistic analysis of Cosmos and its potential in the coming years. Its secure cross-chain bringing abilities were hailed as a game-changer within the crypto sector. VanEck has a highly
optimistic prediction, suggesting that over 5,000 blockchains will be built on Cosmos before 2030 thanks to its superior technology, bolstering ATOM’s investability quotient.
Cosmos touts itself as Blockchain 3.0 and strives to link multiple blockchains together to facilitate quicker, cheaper, and more efficient transactions. Initially started as a platform focused on interoperability, it evolved to be a unique network that offers a complete solution for developers to launch their own applications. It was designed as an antidote to slow, expensive, unscalable, and environmentally harmful Proof-of-Work protocols and addressed some of the hardest problems faced by the blockchain industry.
Since Cosmos makes the creation of dApps a less complex and less time-consuming process, it has placed itself as one of the most active networks in DeFi. The crypto also has numerous open-source tools on its network, including Cosmos Hub, Inter-Blockchain Communication Protocol, Tendermint, and Cosmos Software Development Kit (SDK).
In addition, Cosmos stands unique in the race of decentralized application builder platforms, thanks to its highly scalable, advanced, secured, powerful, connected, and customizable blockchain technology.
Although crypto prices are struggling, ATOM is one of the top 3 altcoins worth watching in September as investors are eagerly hoping for progress on its long-awaited Rho upgrade. The update would bring in liquid staking, allowing users to continue transactions with their staked ATOM instead of locking it up.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Helium (HNT)
Helium is a crypto worth adding to your watchlist due to its impending real-world utilities.
Helium aims to build the world’s first peer-to-peer wireless network that offers a practical promise of decentralized services. Hailed as the People's network, it strives to build communities and help to work with numerous internet-linked devices. Instead of using big cellular towers, it strengthens this community through a shared internet hotspot system. Helium blockchain uses a secured and unique algorithm known as “Proof of Coverage,” which requires much less energy.
The price of HNT has seen a gradual rise since its inception, hitting an all-time high of $55.22 in 2021. Although HNT is trading at $3.86, as of writing, experts predict it is worth watching as the prices could spike up by the end of 2022. A key feature of Helium is that the Helium hotspot owners would earn HNT for providing internet connectivity to neighbouring devices. With the rollout of 5G hotspots, the utility for HNT would further increase.
HNT also has numerous practical use cases, placing it in the list of top altcoins to invest in. For instance, Helium has collaborated with Binary beer, helping the craft beer brewers accurately track and monitor inventory and promoting digital transformation across the beer industry.
The release of a new DAO called HIP 51 would now help any network to join the Helium ecosystem alongside IoT devices, allowing them to unlock a whole new world of utility in the Helium network. While the launch of Helium LongFi facilitates the transfer of data to the Helium network from any device.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
However, purchasing the right cryptocurrency in a market prone to volatility without a time-tested strategy could pose a fair challenge. Despite the struggling crypto prices, these 3 altcoins are worth watching in September due to the ongoing developments in their network and the token's potential to grow in the coming years. But before investing in any crypto, ensure that you have a risk-averse investment strategy.
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