3 Altcoins to Stack in September As Bitcoin (BTC) Tumbles Below $57000
- WBOYOriginal
- 2024-09-05 00:11:101087browse
As the month of September begins, there needs no reminder of the usual struggle associated with it. September has almost always designated a negative period
As the month of September begins, there needs no reminder of the usual struggle associated with it. September has almost always designated a negative period for the cryptocurrency market. Normally, however, Q4 turns out to be profitable.
However, with Bitcoin tumbling below $57000, the sentiment has already turned negative. Nevertheless, looking ahead towards Korea Blockchain Week, the broader altcoin market could become bullish. In the cryptocurrency market, capital tends to flow in a specific sequence: Bitcoin leads, followed by large-cap altcoins, and then small-cap altcoins. As Bitcoin moves, so does the rest of the market.
Now as we wait for Bitcoin to hit reverse and accelerate towards new ATHs, analyst Altcoin Buzz has listed three altcoins to stack in September.
Coin 1: Oraichain
Oraichain is a Layer 1 blockchain and an AI oracle integrated into the Cosmos IBC framework. It has LLM layer and DeFi lens and is gradually helping reinvent itself as a new AI and DeFi player. Keeping these points in mind, it helps explain why despite falling 60% in the previous 90 days, Oraichain remains a sub 100 million dollar company in terms of market cap.
Coin 2: ALEX Lab
As the financial layer of Bitcoin, Alex enables the creation of financial applications on the Stacks network, a well-known Layer 2 chain for Bitcoin, such as DEXs and DeFi. Despite a 25–30% decline in the last month, Alex’s value has increased by around 97% in the last year, suggesting significant potential as Bitcoin develops.
Coin 3: Clearpool
Clearpool is a decentralized credit platform that allows for institutional lending without the high collateral requirements seen in other DeFi platforms. With a market cap of just $5.1 million and nearly 600% increase over the past year, the coin is definitely worth a watch.
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