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This September, four lesser-known cryptocurrencies present great investment opportunities. BlockDAG raised $72.5 million in its presale and teamed up with soccer giants Borussia Dortmund and Inter Milan, catching more eyes. Helium (HNT) has surged by 59%, driven by its key role in decentralized IoT networks.
Despite upcoming token releases affecting prices, Optimism (OP) remains crucial for scaling Ethereum. Avalanche (AVAX) has seen price drops but could bounce back thanks to recent network upgrades. These cryptos may offer strong growth potential for those looking beyond the popular picks.
1. BlockDAG
BlockDAG has caught attention in the crypto world, mainly due to its impressive presale, raising over $72.5 million with early returns of 1680%. Despite this success, BlockDAG is still flying under the radar compared to bigger cryptocurrencies.
What makes BlockDAG even more exciting are its partnerships with major European football clubs—Borussia Dortmund and Inter Milan. These deals put BlockDAG in the spotlight, with LED advertising and matchday experiences at Dortmund, and branding and fan engagement opportunities at Inter Milan.
With its strong tech and smart partnerships, BlockDAG is an underrated crypto that could see significant growth as it gains more global exposure.
2. Helium (HNT)
Helium (HNT) has been on a roll lately, jumping 59% in the past month. As of early September 2024, it’s trading at around $7.50, with some experts predicting it could reach $20 by early 2025. The recent price surge is backed by technical indicators like Helium’s position above the Ichimoku Cloud, showing strong market support.
Helium’s key role in powering decentralized IoT networks, plus partnerships with companies like Telefonica, boosts its long-term potential. If Helium can break through the $10 resistance level, investors see even more room for gains.
3. Optimism
Optimism (OP), a leading Layer-2 scaling solution for Ethereum, has seen its token price drop by 10% recently due to an upcoming $30 million token unlock set for September 30, 2024. This event will release 24.16 million OP tokens into the market, which could put more pressure on the price. Despite this, Optimism remains a key player in the Ethereum ecosystem, with its OP Stack being used by big projects like Coinbase’s Base and Worldcoin. OP is currently trading around $1.32, and experts expect it to stay between $1.47 and $1.69 by the end of 2024.
4. Avalanche
Avalanche (AVAX) has been busy with some big updates recently. In August 2024, a token unlock released 9.54 million AVAX tokens, which is 1.33% of its total supply. Token unlocks usually cause market fluctuations, but Avalanche has shown signs of stability, and analysts predict its price could rise as the market settles. In addition, the launch of Avalanche9000, a major network upgrade, aims to improve scalability and make it easier for developers to create custom Layer-1 (L1) solutions. However, AVAX has seen a 20% price drop recently, hovering around $22, but there’s cautious optimism for a recovery.
Key Takeaways
In summary, BlockDAG, Helium, Optimism, and Avalanche are four cryptos to watch in September 2024. BlockDAG’s strong partnerships and successful presale, Helium’s growth in decentralized IoT, Optimism’s role in Ethereum scaling, and Avalanche’s potential recovery after network upgrades all make them interesting options. While they might not be as well-known as other cryptos, they offer good potential for growth. For investors looking to diversify or explore lesser-known assets, these cryptocurrencies could be worth considering as they continue to develop.
Source: https://finbold.com/4-underrated-cryptos-to-buy-in-september-2024/