Crypto Updates For September
Now that September is over and fall is here, it looks like the cryptocurrency market is getting ready for a long winter.
As a reminder, August was a hard month in the crypto markets, with prices going down for all the top 10 coins by market capitalization. Things did get a little better in September, though. Some coins indeed performed well during the month.
In September, the top 10 coins by market capitalization were a mixed bag. The prices of some coins went up a lot, while the prices of most other coins went down.
Let’s find out who the best and worst performers were in the previous month.
The best and the worst performers of the month
The best performer among these big coins was the XRP token. Interest in it is growing because Ripple is about to end its legal battle with the SEC in the US, possibly on terms that are good for the company. As a result, XRP increased by 35% over the month, reaching $0.4458.
Ethereum (ETH), on the other hand, did the worst out of the group, dropping more than 19% over the month to $1,302. ETH has been decreasing in price after the highly anticipated Merge event in September. This may be because of a “sell the news” effect.
Bitcoin (BTC), which has the most market capitalization, saw its price drop by about 4.3% over the past month to $19,225.
- The top performer among the top 50
Looking at the top 50 coins by market size in September, it’s evident that attractive buys may be discovered even if we’re still in a bear market.
The best currency among these 50 most significant currencies was Quant (QNT), which increased by 42.3% to $134 in September. The Terra Classic (LUNC), the last token remaining on Do Kwon’s original
Terra chain came next. Despite the collapse of the whole Terra ecosystem earlier this year, the token was up 36.4% to $0.00034 and remains the 31st biggest crypto-asset by market size.
- Worst of the top 50 performers
Moving on to the weakest coins from the top 50 in September, we can see that losing money may be very simple if bets are put on the wrong currencies.
The poorest performer among the top 50 coins in September was bitDAO (BIT), which fell 26.8% to $0.476. The currency was closely followed by Bitfinex’s exchange token LEO, which fell 23.4% to $4.14, and Ethereum’s rival EOS, which fell 22.6% to $1.179.
Conclusion
So, that was September in short. We’re not sure what the upcoming months will bring to the crypto world, but what we do know is that until then, you can invest your assets in crypto gambling by playing at crypto casinos like FortuneJack. Here you have a chance to remarkably increase your digital coins and, thus, be more stable and better prepared to face future predicted or unforeseen crypto fluctuation challenges.