Altcoins… What can we say about them? Here’s a new LATOKEN review where we want to talk about the most mentioned tokens in September 2021. Which tokens might go up in price and which not? Let’s try to find it out! However, keep in mind that LATOKEN does not provide any investment advice. This article is written for informational purposes only. Cryptocurrency is a volatile asset that might lead to financial losses. Therefore, before buying any token, you should always do your own research. What is more, that’s how you may stay safe and not become a victim of a cryptocurrency scam!
On September 6, the price of bitcoin for the first time since mid-May exceeded $52 thousand. Against the background of the growth of the first cryptocurrency, altcoins are also becoming more expensive. For example, the Ethereum price increased by 22% and reached $4 thousand over the past week. Over the same period, the Ripple (XRP) price increased by 21%. Therefore, Crypto experts and enthusiasts expect some altcoins could possibly grow significantly before the end of this year. However, no one can be sure as the crypto market can be very unpredictable.
Growth prospects of altcoins. What might we expect?
The altcoin market, most likely, has not yet exhausted the growth potential that the crypto industry has managed to accumulate in the past and this year. Therefore, one might expect the growth of some altcoins and an increase in the capitalization of the alternative coin market in general. However, even the most experienced trader cannot be sure about the behavior of this or that altcoin.
Perhaps some are not expecting strong growth this year, as Bitcoin’s rise may hinder it. Growth has resumed, and in the fall of 2021, crypto enthusiasts may hope for another powerful wave of Bitcoin growth. Therefore, market participants are unlikely to leave a reliable asset and enter riskier altcoins.
September 2021 most mentioned altcoins — LATOKEN review
Traders and experts talked a lot about NEO, Tron (TRX), EOS, and VeChain (VET). Who knows, maybe by the end of this year, these tokens might show a yield of 50-100%? Also, crypto enthusiasts didn’t forget about the sector of anonymous coins (XMR, Dash, and Zcash). This sector is clearly lagging behind the dynamics of the entire crypto market and might start catching up with it by the end of the year.
By the way, do you want to start trading these altcoins? You can always do it on the LATOKEN exchange!START TRADING
The Cardano project sounds interesting as well. Cardano’s latest upgrade, called Alonzo, is just around the corner. In fact, the upgrade is scheduled for 12 September. It will add support for smart contracts to the blockchain. This will allow developers to build decentralized applications (dApps).
Let’s not forget about Solana and Polkadot. We can also mention the Uniswap decentralized crypto exchange token, which is under pressure and is undervalued due to an investigation initiated by the US Securities and Exchange Commission (SEC).
We might also not forget about Ripple (XRP), which has not yet updated historic highs in the current year, despite the growth of the crypto market.
Should we expect the recovery of all altcoins? LATOKEN review
Most likely, not all altcoins, which actively rose in price in the spring, will strive to renew their highs again this fall. The altcoin market is not a mass of identical coins but a “galaxy” of several thousand unique blockchain projects.
Some altcoins might logically grow, some might remain at the same level, and some might collapse and disappear from the crypto horizon. It happens very often with shitcoins; some of them can even be equated to a crypto scam. Do not forget that before buying this or that altcoin, you need to do research and find out as much as possible about the project and its creators. This is how you can avoid becoming a victim of a crypto scam.
If you want to learn more about the potentially promising tokens through LATOKEN Review, crypto news, and tips on avoiding becoming a victim of a cryptocurrency scam, follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.
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LATOKEN does not provide investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like many other assets, cryptocurrencies are subject to high market risk. Please trade with caution.