Leading cryptocurrencies are on the razor’s edge. Bitcoin hovered around the $63,800 mark on Monday. BTC has repeatedly touched $64,000 only to see its price dwindle below $60,000.
Investors are nervous about which direction BTC could take next, as it could repeat its previous streak. BTC hit $63,000 twice this month, and both times, it dipped below the $60,000 mark after touching the target. Other cryptocurrencies also remain at the mercy of BTC’s price, which dictates its movements in the charts.
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The markets are in recovery mode after the stock market crashed early this month, wiping out nearly $2 trillion in wealth. Despite the recovery, fears of a recession loom, and top investment bank JP Morgan has predicted a 35% chance of a downturn.
Considering that the markets remain at risk currently, we have compiled a list of the top three cryptocurrencies to watch next month in September 2024.
2 Cryptocurrencies To Look Out For in September 2024
1. Bitcoin (BTC)
Source: Twitter
Historical factors cannot be considered on Bitcoin, as the leading cryptocurrency is known for its volatility. Bitcoin swings both ways, dramatically surprising investors and causing the FOMO factor.
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If BTC does not fall below the $60,000 mark this time, it could climb above $67,000 next. The move could also pull other cryptocurrencies up along with it, making the markets enter the greener spectrum.
2. Solana (SOL)
Source – CoinGape
Solana is attracting bullish sentiments this month despite the slippery markets. SOL has spiked nearly 15% in a week, causing investors to jump on the bandwagon and taking its price to $160.
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The cryptocurrency defied all odds and is now up close to 700% in a year. If the leading altcoin maintains momentum and Bitcoin climbs above $67,000, then Solana’s next price target is $180 to 200.