This September, consider investing in four lesser-known cryptocurrencies that show significant potential. BlockDAG has made headlines with a successful $72.5 million presale and partnerships with major soccer clubs like Borussia Dortmund and Inter Milan. Helium has surged by 59%, driven by its critical role in decentralized networks for IoT devices.
Despite a recent dip in price due to an increase in available tokens, Optimism remains vital for enhancing Ethereum’s capabilities. Meanwhile, Avalanche is poised for a rebound after implementing network upgrades to improve performance. These cryptos offer promising opportunities for those looking to invest beyond the mainstream options.
1. BlockDAG Network
BlockDAG is making waves in the cryptocurrency world, especially after a very successful early funding round where it raised over $72.5 million. This funding round brought in returns of 1680%, showing that a lot of participants are excited about its potential. Even with this success, BlockDAG isn’t as well-known as some other cryptocurrencies.
BlockDAG has also partnered with two big European soccer clubs, Borussia Dortmund and Inter Milan. These partnerships help bring blockchain technology into the world of international football, with BlockDAG getting a lot of visibility through club promotions and matchday activities. These efforts include LED games ads and special events for fans.
With its advanced technology and strong partnerships, BlockDAG is a lesser-known cryptocurrency that could grow significantly as it becomes more globally recognized.
2. Helium
Helium (HNT) has been doing really well recently, with its value going up by 59% in just a month. As of early September 2024, Helium is priced at about $7.50, and experts think it could reach $20 by early 2025. This increase is due to positive signs in its market behavior, like staying above certain key levels that traders look for to predict strong ongoing support.
Helium is used in networks that connect IoT (Internet of Things) devices, which are everyday objects that connect to the internet. Partnerships with companies like Telefonica help Helium grow and keep it relevant in the long term. The current market trends suggest that Helium could increase even more in value if it goes above the $10 mark.
3. Optimism
Optimism (OP), a technology that helps Ethereum run faster and more efficiently, has recently seen its price drop by 10% because it’s planning to release $30 million worth of new tokens on September 30, 2024.
This will increase the number of tokens available, which might lower their value temporarily. Even so, Optimism is still an important part of the Ethereum world, and it’s used by big projects like Coinbase’s Base and Worldcoin. Right now, one OP token costs about $1.32, but experts think it might go up to between $1.47 and $1.69 by the end of the year.
4. Avalanche
Avalanche (AVAX) is another cryptocurrency that’s had a lot going on. Recently, it released 9.54 million AVAX tokens, which is a bit more than 1% of all the tokens it has. This kind of event can make prices go up and down a lot, but Avalanche is managing pretty well. It might even start to see its value go up again soon. They’ve also upgraded their system with something called Avalanche9000, which makes it easier for developers to build on and should help it grow. However, its price has dropped by 20% recently, and it’s now around $22, but there’s hope that it will start to climb again.
Key Insights
To sum it up, BlockDAG, Helium, Optimism, and Avalanche are four lesser-known emerging cryptos that might be good to consider investing in this September 2024. Each one has its strengths: BlockDAG has great partnerships and a successful early funding round; Helium is growing fast because of its use in IoT; Optimism is important for helping Ethereum work better; and Avalanche is expected to recover well from recent price drops due to its new updates.
These cryptos aren’t as famous as others, but they have potential for growth, making them interesting options for investors wanting to try something new.
