The Best Cryptocurrencies to Buy in September 2022

The Best Cryptocurrencies to Buy in September 2022

05.09.2022 Off By manager_1

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Are you looking for the best cryptocurrency to buy now? Perhaps you are looking for a solid cryptocurrency investment to make in the future? Or are you just getting lost in a world full of hype trains, money pirates and strangely profitable dogs? Let us cut through the noise and show you the best crypto to invest right now.

These are the crypto coins that are trending every month. They range from genuine-looking, sustainable alternatives to Bitcoin to totally silly meme coins that could earn you a quick buck (or get to zero faster than your ability to say anything).

This is not financial advice. Don’t invest more than what you can afford to lose. Although we may not recommend any of the cryptocurrencies listed below, they are ones that are gaining popularity and being discussed in the media. You should ensure that you have a solid financial foundation before you make any investments in cryptocurrency.

Although August was a good month for digital assets it ended up losing ground. The total crypto market cap closed August down 9.3% from August 1. Although the trend was similar, the stock market saw a decrease of 3% overall.

What were the most noteworthy events in crypto? And what should we be paying attention to this month?

The Merge, which is the upcoming upgrade to Ethereum’s network, was the first thing that the crypto industry panicked about. Merge will allow the Ethereum network to become faster, increase its transaction volume and reduce its overall energy consumption by 99.95%. The Merge will be a month to remember for Ethereum’s native token Ether, (ETH).

In less-fun news, the cryptosphere was horrified when Tornado Cash was put on the US blacklist and Alexey Perstev, who was responsible for its code was sentenced. These events created a troubling precedent in privacy and cast doubt on the future development of coders in the blockchain industry.
There was no boring day in crypto. Although the market fell overall, there is a general feeling of excitement that pervades the crypto market. This makes it easier to make positive predictions for September.

Ethereum (ETH)

Ethereum (ETH), a major crypto asset of the top league, surged more than 60% last month. Although its price has declined, the Merge upgrade scheduled for September 15 still generates excitement in the wider crypto market.

Arthur Hayes, former CEO of BitMEX, predicts that Ethereum’s value will more than double by next May. This is in the wake of a successful Merge. Hayes explains why he thinks the price of Ethereum is going to rise after the Merge in a blog post titled “ETH Flexive”.

He explained that if the merger is successful, traders will buy ETH today knowing that the greater the price, the more the network and the more deflationary, it will become. This will drive the price higher, causing it to be used more. Hayes concludes, “This is a virtuous cycle for bulls.”

The Sandbox (SAND)

The Sandbox is the most promising, yet undervalued, metaverse project. The Sandbox is a formidable competitor to Yuga Lab’s Ape world and Decentraland. But, it has a lot more graphics, playability, and functionality than these other projects.

The Sandbox metaverses use NFTs and in game digital currencies such as the native SAND token to create ecosystems where users can trade, buy, and trade virtual assets. The Sandbox is very similar to MMOs. Players can create avatars, roam around a global connected landscape, participate in competitions, and purchase digital real estate via NFT marketplaces like OpenSea.

Euler Finance (EUL)

Euler Finance is not easy to explain. It is a complex protocol that automates risk analysis in the wild, extremely complex world of Decentralized Financing (DeFi).

Two well-known decentralized lending protocols dominate DeFi at the time of writing: Aave and Compound. According to DeFi Llama, these two protocols together account for almost 50% of total DeFi market share. Aave holds $6.89 Billion in total value locked (TVL), while Compound has $3 billion in TVL.

Euler Finance is now a permissionless protocol (meaning that there are literally no humans involved with the decision-making process). It automatically manages DeFi assets and calculates rates for borrowing and lending. Euler Finance users are able to borrow and lend in ways that are not normally permitted by DeFi.

It solves a niche problem. However, if the market is not as well-served as experts believe, EUL could see explosive growth. EUL can be purchased on the Gemini exchange.