In September 2024, four underrated cryptocurrencies offer good investment opportunities. BlockDAG raised $71.6 million in its presale and partnered with famous soccer teams Borussia Dortmund and Inter Milan, helping it gain attention. Helium (HNT) has recently grown by 59%, supported by its role in powering decentralized IoT networks. Optimism (OP), despite price drops from an upcoming token release, remains important in scaling Ethereum. Avalanche (AVAX) has faced some price declines but is poised for improvement thanks to recent network upgrades. These cryptos could offer strong potential for investors looking beyond the mainstream options.
1. BlockDAG
BlockDAG has garnered attention in the cryptocurrency world, particularly due to its impressive presale success, raising over $71.6 million. This presale was marked by early returns of 1680%, highlighting significant interest from investors. Despite this, BlockDAG remains relatively under the radar compared to more mainstream cryptocurrencies.
Adding to its momentum, BlockDAG secured partnerships with two major European football clubs—Borussia Dortmund and Inter Milan. These partnerships bring blockchain technology to the forefront of global football, with BlockDAG featuring prominently in both clubs’ marketing efforts. Borussia Dortmund’s partnership includes LED advertising and matchday experiences, while Inter Milan’s collaboration similarly involves branding opportunities and fan engagement.
Given its technological advancements and strategic partnerships, BlockDAG stands as an underrated option in the crypto space, poised for potential growth as it continues to expand its presence globally.
2. Helium
Helium (HNT) has recently gained significant traction, posting a 59% surge over the past month. As of early September 2024, HNT is trading around $7.50, with analysts expecting the token to potentially hit $20 by early 2025. Helium’s recent growth is driven by technical bullish indicators, such as its position above the Ichimoku Cloud, signaling strong market support. Its role in decentralized IoT infrastructure, combined with partnerships like Telefonica, enhances its long-term potential. Investors are optimistic about HNT, with its technical setup suggesting further gains if it breaks above the $10 resistance level.
3. Optimism
Optimism (OP), a prominent Layer-2 scaling solution for Ethereum, has recently seen its token price decline by 10% due to an upcoming $30 million token unlock scheduled for September 30, 2024. This event could further increase market pressure as 24.16 million OP tokens will be released into circulation. Despite this, Optimism remains a key player in the Ethereum ecosystem, with its OP Stack being adopted by major projects like Coinbase’s Base and Worldcoin. OP is currently trading around $1.32, with predictions expecting its price to hover between $1.47 and $1.69 towards the end of 2024.
4. Avalanche
Avalanche (AVAX) has seen significant developments recently. In late August 2024, a token unlock event released 9.54 million AVAX tokens, representing 1.33% of its total supply. While token unlocks often lead to market volatility, Avalanche is showing resilience, with analysts predicting potential upward movement as the market stabilizes. Additionally, the launch of Avalanche9000, a major network upgrade, aims to enhance the platform’s scalability and developer experience by offering custom Layer-1 (L1) solutions. However, AVAX has experienced a 20% price drop in recent months, hovering around $22, with cautious optimism for recovery.
Key Insights
In conclusion, BlockDAG, Helium, Optimism, and Avalanche are four cryptocurrencies worth considering in September 2024. Each offers unique strengths: BlockDAG’s strong partnerships and successful presale, Helium’s impressive growth in decentralized IoT, Optimism’s key role in scaling Ethereum, and Avalanche’s potential for recovery following network upgrades. While they may not have the same visibility as mainstream options, these cryptos are positioned for potential growth. Investors looking to diversify or explore lesser-known assets might find these options appealing as they continue to develop in the coming months.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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