Crypto Gems: Emerging Crypto Assets, Bitcoin Price Trends, and Opportunities in September 2024

Economic Landscape and Bitcoin Price Trends

August was a disappointing month for crypto assets. In a typically green month, Bitcoin was down 8.6%. As we head into September, a strong bearish outlook prevails in the market. With September usually being a red month, traders are cautious about taking long positions. However, new opportunities arise when the market is bearish. Crypto is expected to recover from inflation-related fears this September, potentially benefitting from US interest rate cuts. Bitcoin is currently trading below $57,000 and aims to consolidate before any bullish movements occur.

Top Crypto Gems to Consider

New Layer 1s: AVAX, APT, and XDC

• Avalanche (AVAX): Aims to solve Ethereum's scalability issues and has significant growth potential.
• Aptos (APT): Utilizing a novel programming language, it has shown impressive DeFi growth.
• XDC Network (XDC): A blockchain supporting trade finance with room for significant market growth.

Focus on Layer 2: POL and MYRIA

• Polygon (POL): Anticipating major upgrades to enhance liquidity across blockchains.
• Myria (MYRIA): Building a gaming ecosystem with promising market potential.

Ecosystem of the Month: SUN

The SUN token powers the top DEX on Tron and shows substantial potential despite risks.

The OGs: BTC, ETH, and SOL

For stability, consider shifting a majority of investments into Bitcoin, Ethereum, and Solana.