Although we have completed the historical rise of Ethereum, the market is still lacking in bullishness. However, some analysts say that Bitcoin is trading at its highest discount ever. If this view is correct, it means that we will see more drastic moves from the altcoin market. In this article, let’s take a look at analysts’ short-term choices to seize opportunities.
The best altcoin projects to watch by the end of September
XRP
There is growing speculation that Ripple will win the lawsuit initiated by the SEC, which has dragged down the XRP price for years. The growing confidence of Ripple lawyers to dissolve the SEC proves this. At the same time, the number of partnerships Ripple has signed with banks and other financial institutions is also growing. This excitement has seen an increasing number of investors taking positions in XRP in recent days.
Individual investors aren’t the only ones growing their XRP positions. The data shows an increase in the number of whales buying XRP. If the trend continues, XRP will be one of the most important cryptos to watch in the coming days. XRP is already up more than 50% in the last 7 days after the positive sentiment from the SEC lawsuit. To former US congressional candidate David Gokhshtein, Ripple winning the lawsuit will not only be comforting for XRP.
Dogecoin (DOGE)
Whale activity is one of the best indicators of where a cryptocurrency is headed. When whales buy, it usually gives some signals that a rally is coming. At the moment, the data shows a large number of whale purchases for Dogecoin (DOGE). With Bitcoin potentially bottoming out, this whale purchase is preparing FOMO around Dogecoin. Also, due to being a community-focused crypto, Dogecoin’s short-term moves are pretty rough. Dogecoin is currently seeing the green around 8% with BTC and ETH lower. It has to be said that it is the only cryptocurrency that can do this in the midst of sales.
Terra Classic (LUNC)
LUNC was one of the best performing cryptocurrencies recently. The Terra Classic token burn campaign triggered a brief FOMO around LUNC. While the momentum has slowed lately, there is a chance that LUNC may rally again as Bitcoin appears to have bottomed out.
This is because investors expect LUNC to perform well over time due to rapidly dwindling supply. Therefore, it is one of the cryptocurrencies that could do well if the market starts to recover again. At the same time, the cost factor makes other low-priced cryptocurrencies such as LUNC and Dogecoin highly attractive to investors.
As you follow on Kriptokoin.com, Binance CEO CZ recently talked about LUNC. CZ is back with 3 new proposals for a stronger Terra ecosystem.
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