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)
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)
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.