The 5 Best Crypto To Buy In September 2023 - Bitcoin's Worst Month

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While September has historically been a bad month for Bitcoin, it has also been a good time to buy other crypto with significant upside potential. Indeed, September has garnered a reputation as a challenging month for Bitcoin, with historical data often revealing price fluctuations and downturns.

However, this seemingly unfavorable backdrop can unveil opportunities for those seeking to diversify their crypto holdings. Many alternative crypto have shown resilience during this period and displayed substantial upside potential. Below are the 5 best cryptocurrencies to buy in September, including Bitcoin.

Bitcoin (BTC)

As of today, September 4, Bitcoin is currently priced at $25,857, with a market capitalization of $504.35 billion. This marks a noteworthy recovery since December 2022 when it dipped to $17,000. However, it still lags far behind its peak value of $60,000 in 2021.

Based on today’s classical pivot point with the value of $25,854, Bitcoin has support levels of $25,763, $25,668, and the strongest at $25,577. Similarly, Bitcoin resistance levels are at $25,949, $26,040, and $26,135. According to the technical analysis the Bitcoin price is predicted to rise by 13.75% and reach $29,403 by September 8, 2023.

The leading cryptocurrency finds itself in a strong support zone, positioned approximately six months ahead of the scheduled Halving event set for the second quarter of 2024. See our comprehensive guide on the appropriate platform and the secure method for purchasing Bitcoin here.

Notable developments within the crypto market ecosystem include the Summary Judgement in the XRP case, numerous Bitcoin ETF applications, and Grayscale’s successful effort to convert its Bitcoin Trust into a spot ETF product.

Consequently, although Bitcoin’s price seems relatively stable, recent advancements are laying the groundwork for a potential upward surge. Bitcoin’s current stability level is unmatched in years, and with the approaching Halving event, the prevailing market conditions suggest that now may be an opportune time to consider investment.

Find the complete overview of the top five crypto to consider for September in the video above, and subscribe to his YouTube channel for more crypto-related content. Jacob Crypto Bury also manages a Discord community with nearly 17,000 members, where users can acquire trading tips and knowledge about upcoming crypto presales.

Solana (SOL)

Solana blockchain is dedicated to simplifying the landscape for decentralized applications and democratizing the global financial framework. This initiative has demonstrated that blockchains can be both eco-friendly and cost-effective while offering rapid transaction processing.

Solana Pay represents a glimpse into the future of payments. Furthermore, Solana’s innovative features position it as a serious competitor to established giants like Bitcoin and Ethereum, bolstered by its thriving community. These strengths are poised to elevate Solana’s market capitalization to the summit.

Currently, Solana is trading at $19.79, boasting a market capitalization of $8.09 billion. Over the past 24 hours, SOL’s value has seen a modest increase of 1.27%. Technical indicators suggest that Solana’s 200-day Simple Moving Average (SMA) is expected to reach $21.68 by October 3, 2023, while the short-term 50-Day SMA is estimated to hit $20.65 by the same date.

The Relative Strength Index (RSI) value stands at 36.86, indicating a neutral market sentiment. Since its inception, Solana has enjoyed a commendable journey, positioning itself as a blockchain that can rival the likes of Ethereum and Bitcoin in terms of environmental sustainability, low transaction costs, and impressive speed.

It was launched with innovation at its core, and its developers have set ambitious goals, including the integration of Solana-connected crypto wallets into smartphones and the establishment of a fee-free store for decentralized applications. Despite facing occasional challenges, SOL is likely to remain an attractive choice for long-term crypto investors.

Wall Street Memes (WSM)

After the remarkable success of their NFT collection in 2021, which completely sold out in just 30 minutes, the team has remained attuned to the latest crypto trends. They recently ventured into the realm of Bitcoin Ordinals NFTs and are now on the verge of introducing their very own meme coin, Wall Street Memes.

Boasting a substantial following of 1 million across five social media platforms, Wall Street Memes has established a robust community and garnered significant recognition in the crypto space. Its impact has extended far and wide, with notable figures like Elon Musk engaging with the platform’s memes, underscoring its online popularity.

The project has already raised nearly $28 million, and the presale is slated to conclude at the end of September. As one of the rapidly ascending cryptocurrency assets supported by a substantial existing community, the WSM token is poised to attract attention from major crypto exchanges, potentially including tier-one platforms.

Are you a chad or a buffet? pic.twitter.com/JKAzdGRjbn

— Wall Street Memes (@wallstmemes) September 3, 2023

Furthermore, the project offers staking rewards, enabling token holders to generate passive income through its staking pool. The total supply of $WSM tokens stands at 2 billion, with the entire allocation designated for the community.

Half of this allocation is reserved for the presale, while the remainder is distributed among community rewards and liquidity provision. To commemorate its launch, Wall Street Memes has arranged an airdrop event.

By actively participating in the project’s various social media channels and joining the Wall Street Memes Discord community, token holders have the opportunity to partake in and potentially win a portion of a $50k reward pool.

Sei (SEI)

Sei, the pioneering sector-specific Layer 1 blockchain tailored for trading, grants exchanges a competitive edge. Decentralized exchanges (DEXes) are the stars of the crypto realm, expanding their reach beyond just AMMs and order books to NFTs and gaming. NFT trading and in-game token exchanges are primary use cases.

DEXes possess the strongest network effect but also face unique challenges in terms of reliability and scalability. Sei’s current price is $0.12, with a 24-hour trading volume of $87.61 million and a market cap of $229.88 million. Predictions suggest SEI may reach $0.13 by September 10, 2023, a 3.99% increase.

Optimism (OP)

Optimism stands out as a prominent layer 2 solution designed for Ethereum, offering cost-effective and swift transaction processing in comparison to the Ethereum network. Layer 2 solutions, exemplified by Optimism, are addressing the issue of scalability, leveraging optimistic rollups to do so.

In terms of Total Value Locked (TVL), Optimism ranks sixth across all blockchain networks, currently boasting a TVL of approximately $662 million. As of the latest data available, the price of Optimism stands at $1.34, accompanied by a 24-hour trading volume of $159.04 million and a market capitalization of $288.41 million.

Over the past 24 hours, the price of Optimism has seen a modest increase of 0.70%. The all-time high for Optimism was recorded on February 24, 2023, when it reached $3.26. Analyzing today’s classical pivot point with a value of $1.34, we find that Optimism maintains support levels at $1.31, $1.29, and its strongest support at $1.28.

Similarly, resistance levels for Optimism are noted at $1.35, $1.36, and $1.38. The Relative Strength Index (RSI) currently registers at 35.73, signaling a neutral position in the Optimism market. Optimism has rapidly gained favor as a solution for scaling Ethereum.

Happy Friday folks. It's the end of another week working towards a scalable and sustainable future for Ethereum.

Let's get you caught up on the week at Optimism with this weekly recap!

— Optimism (@Optimism) September 1, 2023

The Optimism Foundation has recently introduced a proposal to transition the Optimism mainnet to Bedrock, an innovative decentralized Rollup architecture developed by Optimism Labs.

The team expresses confidence in the positive impact of this transition on developers within the Optimism ecosystem and highlights the enthusiasm from their partners regarding the upgrade.

They remain dedicated to ensuring the success of this transition and eagerly anticipate observing the outcomes in the coming months and years. The evolving competition between optimistic rollups and ZK-rollups in the forthcoming years as they compete for supremacy in layer-two solutions presents an intriguing aspect to watch out for.

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