The altcoin market has been showing remarkable resilience since Sept. Purchase volumes are increasing and Bitcoin is back at $20,000 after dropping to $18,000. With this background in mind, let’s take a look at some altcoins that could easily multiply 3x in September.
The most popular altcoin projects that could triple in September
Terra Classic (LUNC)
Terra Classic (LUNC) is currently making headlines with its recent meteoric rise. It has gained more than 80% in value in the last 7 days. However, the momentum continues to increase. Terra Classic continues to be in demand due to the token burning news that is currently on the agenda. As a result, the supply of Terra is falling rapidly, while demand is increasing. As Kriptokoin.com, we have conveyed the details of the 1.2% gas burning proposal, which will be supported by major exchanges such as Binance, in this article.
As for price predictions, crypto analyst Motiur Rahman predicts that the LUNC price will 3x in September:
With LUNA back in the top 50 cryptocurrencies and FOMO increasing, there’s a good chance this cryptocurrency could easily 3x or more in the month.
Cosmos (ATOM)
Cosmos (ATOM) has been gaining rapid momentum in the last 24 hours. ATOM is up over 10% during this period and the upside momentum is increasing. ATOM is backed by increased bullish momentum and internal fundamentals driving its adoption across the market. Recently, Cosmos introduced the Interchain Developer Academy. This aims to increase the number of people built on the Cosmos network. However, in the very short term, broader market momentum and various airdrops are likely to give ATOM an increase in value. According to the analssite, with increasing momentum at a time when Bitcoin is still stagnant, FOMO could easily see ATOM 3X by the end of the month.
ATOM is currently trading at $16.22. It gained around 30 percent in value last week.
Shiba Inu (SHIB)
The Shiba Inu (SHIB) has yet to display any strong bullish action this week. But all the odds are in favor of the market continuing to rise. One of the things that gives Shiba a short-term advantage is the token burns that have taken place over the past few weeks. Due to supply and demand factors, hundreds of millions of Shiba Inu are burned every day, which will trigger the rise of the Shiba Inu.
On the other hand, the fact that SHIB is quite cheap makes it easily accessible for small investors looking to buy crypto and capitalize on the next cryptocurrency bull run. All in all, the combination of shrinking supply and an attractive price makes SHIB a cryptocurrency with 3x monthly potential. According to the analyst, SHIB is an excellent buying opportunity as it is still consolidated.
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