As major cryptocurrencies, including Bitcoin and Ethereum, recover from recent lows, traders are looking for top-performing altcoins that could sustain bullish momentum throughout September. Historically, September has been a bearish month for Bitcoin, with the price rising in just three out of the nine previous years. However, with the possibility of a Federal Reserve interest rate cut and positive economic data, this September could potentially be more bullish than in prior years. Additionally, political factors such as the current odds of the more pro-crypto Republican presidential candidate, Donald Trump, could further impact the market sentiment in favor of cryptocurrencies.
One of the top crypto performers today is Helium (HNT), a DePIN wireless network altcoin that has shown a 7.5% increase in the past 24 hours and is trading at $7.65. With exciting developments in the Helium network, analysts believe that HNT has the potential to retest multi-month highs and eventually reach yearly highs above $11. Major telecom providers are tapping into Helium’s carrier offload program, which is seen as one of the most promising developments in the telecom industry. With a market cap of around $1.3 billion, HNT still has room for growth, making it a potentially lucrative investment option in the current market.
Other top crypto performers today include Uniswap (UNI) and MANTRA (OM), which have shown gains of 6.3% and 4.5% respectively. Uniswap, a leading decentralized exchange (DEX) crypto, is trading around $6 and is expected to retest its 50-day moving average, while MANTRA is aiming to reach $1.0 and retest its 50-day moving average. Both coins have shown significant gains since their lows and are likely to remain strong contenders in their respective sectors. MANTRA’s blockchain is specifically designed to promote the adoption of real-world assets into the crypto space, a narrative that has gained traction with institutions bringing more assets on-chain.
For traders looking for higher risk but potentially higher reward opportunities, getting involved in crypto presales could be a lucrative investment strategy. Although presales are risky, they offer the chance to invest in early-stage projects at discounted prices, potentially leading to significant gains in the long run. Traders are advised to conduct thorough research before investing in presales and not to risk more capital than they can afford to lose. Cryptonews.com has outlined some favorite presales to consider investing in now, providing opportunities for exposure to high-potential crypto projects with the potential for exponential growth.
