Which cryptocurrency will rise in price in September. Analyst named 5 tokens

Austin Arnold explained which digital coins will be the most promising next month

Analyst Austin Arnold on his YouTube channel (945,000 subscribers) named five altcoins that, in his opinion, will rise in price in September. Arnold considers Ethereum (ETH), Cosmos (ATOM), Cardano (ADA), Tezos (XTZ) and VeChain (VET) the most promising tokens for next month.
Which cryptocurrency will rise in price in September. Analyst named 5 tokens

Ethereum (ETH)

On August 24, six organizations at once donated $250,000 each to the Ethereum Foundation to develop and implement the Ethereum 2.0 updаte. According to the analyst, this shows that the entire cryptocurrency ecosystem is waiting for the altcoin updаte and is willing to donate to it.

Another event that supports Ethereum, Arnold called Visa’s purchase of NFT token from CryptoPunks collection for $150 thousand (payment was made in ETH).

Since the beginning of August Ethereum has risen by 35%. On August 27, the altcoin trades at $3.1k and has a capitalization of $366 billion, according to CoinGecko.

Cosmos (ATOM)

On August 23, Cosmos developers announced that it will soon be possible to use bitcoins in the Cosmos ecosystem via interBTC interchain. The analyst claims that this will significantly increase the liquidity of the Cosmos ecosystem.

Since the beginning of the month, the Cosmos cryptocurrency has risen 83%. The price of the digital coin reached $23.8. On August 27, Cosmos is worth $18.5 and has a capitalization of $5.1 billion.

Cosmos (ATOM) is a decentralized network of independent parallel blockchains that operate based on Byzantine fault tolerance (BFT) algorithms. These blockchains are able to communicate with each other through the Cosmos network, called the “Internet of Blockchains.

Cardano (ADA)

According to Arnold, the acceptance and popularity of Cardano will grow even more after the asset has received permission from the Japanese regulator and can be traded on Japanese exchanges. The analyst also noted Cardano’s low fees on the network compared to bitcoin and Ethereum.

Cardano’s price rose 132% in August. The market valuation of the asset increased to $83 billion. The digital coin took the third place in the list of the largest cryptocurrencies by capitalization. Cardano traded at $2.59 on Aug. 27.

In August, interest in the cryptocurrency Cardano in Russia reached a peak since mid-May. Users from the Kaliningrad region search the Google search most frequently for information about Cardano. In second place by this indicator the city of Moscow, in third place – the Nizhny Novgorod region. Also popular queries “cardano forecast” and “cardano rate”.

Tim Harrison, director of marketing and communications at IOHK (Cardano issuer), announced the release of the Alonzo hardfork on September 12. After that, the altcoin network will receive support for smart contracts and the ability to create decentralized applications (DeFi).

Cardano is a blockchain that focuses on the launch of smart contracts, decentralized applications and sidechains.

Tezos (XTZ)

On August 24, it became known that Swiss blockchain companies Crypto Finance, Inacta and InCore Bank have partnered to create regulated tokenized products on the Tezos blockchain for institutions. According to Arnold, financial companies are using Tezos blockchain to create their particular niche.

Since August 1, the price of Tezos has risen 92%. The digital coin’s capitalization has increased by $3.8 billion. The cryptocurrency trades at $4.5 on Aug. 27.

Tezos is a decentralized blockchain platform with support for smart contracts and the ability to create tokens and decentralized applications (dApps).

VeChain (VET)

In mid-August, blockchain developers VeChain committed $1 million to create its own corporate NFT token trading platform. Arnold argues that this decision will have a positive impact on VeChain’s development, as companies will become a major driver of mass adoption of NFT technology in the future.

Since the beginning of August, the VeChain blockchain token has risen 73%. The price of the digital coin reached $0.14. On Aug. 27, the cryptocurrency trades at $0.11 and has a capitalization of $7.8 billion.

VeChain is a blockchain platform for smart contracts that focuses mainly on business applications, namely supply chains (tracking, quality control, inventory, etc.).

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