Many market participants continue to be concerned about the major cryptocurrency. For several months, BTC has been in a state of flat (sideways movement). This means that its price varies in a certain range for a long time and does not show significant changes.
However, on August 29, the coin managed to reach $28,000. The reason was the victory of Grayscale Investments over the U.S. Securities and Exchange Commission (SEC) in the case of opening a bitcoin-ETF spot fund.
Today, however, BTC has fallen back to $27.4k. If you don’t want to take any risks when buying bitcoin, experts suggest several assets with great potential. Some of them are still in the presale stage, while others have already hit the exchanges.
Popular cryptocurrencies in September:
- Wall Street Memes – a token that caught the attention of Ilon Musk.
- LINQ – a massive ecosystem with tons of DeFi capabilities.
- ETHLINQ – a revolutionary community-driven asset.
Wall Street Memes
At the end of spring, an asset from a well-known development team went on sale. Wall Street Memes is a kind of challenge to the usual market, which gives investors an opportunity to make money. During a couple of months of pre-sale, it raised over $25 million, passed 30 stages and rose in price to $0.0337. The next step for the project is to launch on cryptocurrency exchanges at the end of September this year.
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The WSM team gained notoriety in the industry back in 2021 when it started a confrontation with hedge fund Melvin Capital and then sold a series of NFT bulls -Wall Street Bulls.
In 2023, when the team unveiled its new project, WSM caught the attention of Ilon Musk. The businessman tagged the meme-coin just a few times in his profile on social network X, and the pre-sale rate immediately multiplied.
At the heart of WSM is a staking mechanism that allows you to passively earn. To earn cryptocurrency rewards, users simply need to deposit their funds.
Right now, the $WSM presale is coming to an end. Investors have until September 27 to profitably buy the token for $0.0337.
Features:
- 5 users can get $10,000 worth of tokens each thanks to airdrop.
- Early access to listings.
- Possibility of thousand-fold growth of the asset.
LINQ
A digital currency called LINQ was launched in 2023. It helps to conduct fast transactions at a low cost, and it can be purchased on the Uniswap exchange for $0.2277.
The project team believes that the future of cryptocurrencies is behind strong collaboration, community interaction and full decentralization. The LINQ platform utilizes the full potential of the blockchain to create a seamless and secure ecosystem.
Specialists note the attractiveness of the project’s tokenization. 3% of liquidity is generated automatically for coin holders. Another 3% is accrued for staking and contributions to the development of the project. LINQ holders can receive 3% of each transaction. The reward is directly proportional to the number of user coins in staking.
Features:
- Passive earnings through staking.
- The liquidity pool is in the hands of investors.
- Users can earn ETH at the expense of this asset.
ETHLINQ
ETHlinq is a new project offering the possibility for the community to manage the platform and earn. Its goal is to build a fully decentralized ecosystem in which users will have the right to dispose of smart contracts with locked tokens. According to the CoinMarketCap portal, the price of ETHLINQ is $0.005860.
The fundamental part of the project is rewards. The developers have created an entire system that rewards users for holding ETHLINQ tokens.
The right to own LP-tokens (liquidity providers) is granted to community members for holding coins. The longer users keep their assets, the more rewards they will receive.
In addition, the project is equipped with a burn mechanism. 0.5% of tokens from each transaction are destroyed. This makes ETHlinq a completely deflationary asset.
Features:
- 6% of each transaction goes towards stabilizing the platform.
- APY for token storage can increase up to 1000%.
- Users can get LP tokens for staking.
Bitcoin price prediction for September – will BTC stagnation end?
As of today, the price of BTC is approximately $27,444. According to CoinMarketCap, there has been an increase in the asset by almost 6% in the last 24 hours. At the same time, over the past week, the token rose in price by 5.60%.
First, the positive outlook is influenced by Grayscale’s victory in the case against the SEC. The reason for the trial was the company’s accusation of turning GBTC (Grayscale Bitcoin Trust) into a bitcoin-ETF. After the verdict in favor of Grayscale, the price of BTC made a small jump.
Secondly, analysts and experts believe that at the next bitcoin halving, which should happen in 9 months, the token will reach a new high. Most likely, it will become the $100,000 mark.
In early September, the decline in the price of BTC will surely continue. The first increase is expected around the 8th, with the asset going up to $26,915. In the middle of the month, it could rise to $31,684.
Wrapping up
Specialists note that investors are switching to projects such as LINQ, ETHLINQ, SONIK and WSM due to short-term distrust in the main cryptocurrency. The reasons lie in the sideways movement of BTC and the great prospects of new coins.
Meanwhile, the future of the main cryptocurrency remains rather vague. On the one hand, it can wait for an impressive growth on the background of halving. On the other – a prolonged fall to $23,000.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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