Altcoin Analysis: Major Crypto Predictions for September 2024
Altcoin Analysis: MATIC Set for a Major Rally
The altcoin analysis indicates that MATIC could experience a massive rally of nearly 103% in September. This potential surge is attributed to two major factors.
Upcoming Polygon Migration
- MATIC will transition to POL on September 4, enhancing gas fees and staking.
- After breaking a seven-month descending wedge, MATIC targets a price of $0.85.
Real World Assets Drift Downward
Real world assets (RWAs), once thriving, faced a dramatic downturn with a 22% decrease in market cap over the past month. Demand wanes as bearish trends persist.
Fantom's Anticipated Transformation
Fantom aims for a significant change next month with a transition to Sonic, expected to enhance transaction capacity drastically. This transition may spur a bullish run, projecting a 133% price increase from current levels.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.