Crypto Gems: Top crypto assets to watch & buy in September 2024
crypto assets. In a typically positive/green month, Bitcoin was down 8.6%. As we head into September, a strong bearish outlook prevails in the market. Given September is usually a red month, traders are cautious about taking long positions in the current scenario. However, new opportunities arise when the market is bearish. Crypto should emerge out of macroeconomic and inflation-related fears in September with the possibility of US interest rate cuts.
Currently, Bitcoin is trading below $57,000 and looks to consolidate into a strong position before bullish action ensues. The good news is that additional pain will be short-lived as the October-December quarter is usually exceptional for the asset class. If you have spare cash to deploy, consider cost-averaging your buys into some of the promising assets.
In this article, we will explore some emerging narratives and identify potential crypto gems that could yield good returns in the coming months. Remember, the crypto market is inherently volatile, and it's crucial to conduct your research and understand the risks associated with each investment.
New Layer 1s – AVAX, APT and XDC (Medium to High Risk, Considerable Returns)
Layer 1 forms the backbone of Web3. Blockchains that
