September is not a good month historically for bitcoin and altcoin prices. But many projects are poised to make huge advances in September 2022. These include Ethereum, Cosmos, EOS, Kava and many more projects. The smooth completion of these developments has the power to trigger a major price rally in the price of altcoins. Now let’s take a look at the aforementioned developments.
These altcoin projects could skyrocket with their September development
Ethereum (ETH)
Ethereum Blockchain is a network that allows users to produce decentralized applications (dApps). In this network, users can create their own tokens, NFTs and decentralized applications. Ethereum is the biggest project after Bitcoin because it emerged early and brought the firsts to the industry. The leading altcoin has been using the Proof-of-Work consensus mechanism that Bitcoin also uses until now.
Now the network will switch to the Proof-of-Stake mechanism used by next-gen altcoins like Solana. As Cryptokoin.com reported, the Merge upgrade will take place on September 15th. With Merge, Ether will have higher scalability. It will also pave the way for further improvements in this regard. Many analysts are waiting for a rally in ETH price as the Merge approaches.
Cosmos (ATOM)
Cosmos is a popular altcoin project with the goal of creating a multi-chain ecosystem. It aims to improve the interconnection of different Blockchain networks. However, it is extremely committed to offering high scalability to its users. Thus, it aims to provide a fast and inexpensive experience to its users, no matter how high the demand. In this context, the network will release the Labmda update in September.
Lambda will not only help improve security on the network, but also increase scalability by allowing users to liquidate staking. In addition, Cosmos will hold its big conference called Cosmoverse on September 26-28. Many network-related updates, including Lambda, are expected to be shared at this conference. ATOM has gained more than 100% in value since June.
Axie Infinity (AXS)
Axie Infinity is a game built on Blockchain that allows you to earn money as you play. AXS is this game’s native altcoin asset and is used to generate the underlying assets of the game, called Axie. In Axie Infinity, you can strengthen your Axies and make them fight. Accordingly, you can get achievements by participating in tournaments and battles. Thus, you can earn passive income with AXS as a reward. Axie will hold a conference between 7-10 September.
Axiecon Barcelona will take place in Barcelona, Spain. It will also be the first event to bring together Axie Infinity fans from around the world. The event raises the possibility of a rise in AXS price. In addition, any news about the project at the conference has the potential to lead to a huge jump in price.
Secret (SCRT)
Secret is one of the privacy-focused altcoin projects that are extremely common in the market. But Secret, unlike the others, is built on the Cosmos Blockchain. Secret not only makes transactions anonymous, it uses secret smart contracts. In this way, dApps have the advantage of taking advantage of private data in Secret. The network will release an upgrade called Shocwave Delta on September 13. It will also launch CosmWasm 1.0 in September and upgrade the WebAssembly engine.
Beam (BEAM)
Beam is a decentralized DeFi altcoin project focused on privacy and anonymity. The project is working on two Blockchain applications, LelantusMW and MimbleWimble. BEAM allows various operations such as atomic swap and asset storage. Now this network will perform a hard fork, reaching a block height of 1,920,000 in September. Accordingly, the network will experience a hard fork on September 2.
Kava.io (KAVA)
The altcoin project Kava.io is linked to the Ethereum and Cosmos networks. Accordingly, KAVA combines the aforementioned networks under one roof with high scalability. Kava, which is basically a layer-1 Blockchain, provides its users with extremely high speed and low costs in this way. In September, Blockchain will experience a major upgrade.
Accordingly, the upgrade, called “Kava 11”, will take place on September 11. According to analysts, with the upgrade, the total value locked in the platform (TVL) will increase greatly. However, with Kava 11, various features such as liquid staking, yield aggregator and MetaMask support will also come to the network.
EOS (EOS)
EOS is one of the altcoin projects with extremely high scalability, programmability and divisibility. In addition, it is completely open source and decentralized. The EOS network will complete the Mandel 3.1 consensus update on September 30.
Other developments
Arbitrum
In addition to altcoin projects, there will be a series of blockchain and economic developments in September. For example, the Arbitrum ecosystem received several updates in late August and early September with the launch of Arbitrum Nitro, which further reduced transaction and operation fees. The developers will also provide the community with more information about the ARBI token, which will expand the breadth of the Arbitrum ecosystem and bring more uses.
US CPI data and FED meeting
In addition to the large number of events and updates regarding smaller cryptocurrencies, the market will definitely get a volatility after 2 major economic events. CPI data will shape the structure of the financial market. The FED’s FOMC meeting will show us the US interest rate policy. Any major rate hike is likely to trigger a new drop in Bitcoin and altcoin prices.
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