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Top Cryptocurrencies to buy in September 2022
Historically speaking, in September, Bitcoin and the crypto market as a whole has seen more red than green, which means we could see another red month, this year. But October mostly, has been green, and the bounce that is seen is higher than the previous fall. This makes it a perfect opportunity to buy some cryptocurrencies with long term potential.
Some say, the bear market is finally coming to an end, while many other thinks there is a long way to go before we reach the bottom. That we can’t time the market, we think, the ideal time to go on the prowl and try to uncover the altcoins that will yield enormous profits by the end of 2022 is now. September could give you the best chances to pick cryptocurrencies at a price you can only dream of.
Not saying you need to buy these cryptocurrencies as soon as you read this article. However, you can look for those red days in this month where you can add fractions of these to your portfolio.
Which are the best cryptocurrencies to buy in September 2022?
Let’s look at the top cryptocurrencies to buy in September 2022 and evaluate them all separately. Bitcoin, Ethereum, Solana, BNB and Polygon Matic are some of the best picks for this month.
A mysterious person or group of persons using the alias Satoshi Nakamoto first created the concept for Bitcoin, the first cryptocurrency, in 2008. Its development represented a step forward for cryptography. Like the majority of cryptocurrencies, Bitcoin is powered by a blockchain, a piece of software that serves as a digital ledger for recording transactions made over a network of thousands of computers. Bitcoin is protected from fraudsters by the proof of work requirement, which requires users to solve a cryptographic problem in order to verify any changes to the distributed ledger. Despite becoming well-known, the price of Bitcoin has been in a constant state of flux recently. A coin’s price peaked in November of last year at just over $65000 and is currently worth about $19,828.12 on average. A single Bitcoin was worth approximately $450 in 2016.
Bitcoin is my #1 choice when it comes to the top cryptocurrency to buy in September and the reason is mention at the bottom of the post.
Ethereum has served as the market’s top alternative for as long as anyone can remember, serving as the Robin to Bitcoin’s Batman. In the world of cryptocurrencies, it not only has the biggest smart contract platform, but it also serves as the primary location for the development of some of the most well-known DeFi and Web3 projects. Because of this, ETH coins provide some of the most cutting-edge utilities, thus contributing to its price increase of an astounding 1.5 million percent in its November 2021 ATH.
There still isn’t an altcoin that can match the magnitude of the smart chain platform, despite the network experiencing significant difficulties over the past year due to high gas fees and transaction overloads. Even though this won’t exactly prevent many upcoming off-chain and on-chain projects from constructing on the ETH network, the developer is already trying to remedy the issues. To be more explicit, he is creating an Ethereum 2.0 network, which will enhance overall effectiveness and restrict the supply of Ethereum despite the high demand. One of the greatest altcoins to purchase in 2022 results when you combine this with a reviving market.
In addition, some of the most quickly evolving and sophisticated networks now available on the market are thought to be seriously threatened by the enhanced Ethereum 2.0 network. After all, it wouldn’t be the first time ETH outperformed its rivals by a wide margin. Some cryptocurrency specialists even predict that by the year 2030, Ethereum would overtake Bitcoin as the world’s leading cryptocurrency. While some may consider this to be overreaching, ETH already has an ecosystem that is far more developed than BTC and offers a variety of use cases that Bitcoin just cannot match. The price of Ethereum at the time of writing was about $1,551.76.
With ETH Merge scheduled in September, I think the event will drag ETH price down and this will give you a good entry point.
Originally developed in 2017, Solana was finally deployed in 2020 following a protracted delay caused by developments. After its release, Solana quickly gained attention as the Ethereum Killer due to its lightning-fast smart contract framework, which enables speedy transactions and minimal costs. Even though it performed spectacularly, this altcoin first received little attention from cryptocurrency dealers. But in 2021, when the coin practically exploded and became one of the most important cryptos in the market, everything finally started to change. The innovations available on the ETH network, like DeFi apps and NFT projects, P2E cryptocurrency games, and decentralized exchanges, have all been improved upon by Solana to an excellent degree.
The PoH consensus approach distinguishes SOL from competing programs yet again. Transactions are given timestamps as part of the method, which drastically decreases the amount of data validators get and speeds up the procedure compared to PoS models. More than 60,000 TPS can now be processed by Solana. A further point is that the bad market had little impact on the growth of the Solana network. By introducing new programs and protocols, the founders are constantly growing the network and ecosystem. Solana will probably surpass its previous record high and soar to new heights as the market begins to recover, elevating it to the top of the cryptocurrency heap. The price of Solana at the time of writing was about $31.07.
Recently there has been a lot of attacks on the Solana ecosystem after which it saw a lot of correction. There has been allegations on Avax founders, to wrap Solana into legal issues.
However, Solana is still live, and is one of the most popular blockchains in 2022. This makes it a good time to invest in Solana. I personally believe in Sam Bankman-Fried and my bet is on him.
Due to its remarkable market value, Binance Coin has been able to hold onto one of the top spots in the cryptocurrency sector for years. The Binance Exchange, one of the largest cryptocurrency exchange platforms in the world, has a native governance token called Binance Coin. BNB is committed to remain at the top for the foreseeable future thanks to a combination of distinctive use cases and the buzz surrounding Binance. Even if the price of this altcoin has languished over the past several months due to the construction of the Binance Smart Chain, many investors still rank it among the top 10 altcoins to buy in for the year 2022. The price of BNB at the time of writing was about $277.03.
BNB is one of the best crypto exchanges in 2022 and I believe CZ will keep innovating and BNB will keep growing in 2022 and beyond.
Transaction processing on Polygon is faster and more effective than on some other blockchain networks since it has a proof-of-stake architecture. Its dependence on Ethereum is viewed as a strength by some investors but a weakness by others. By utilizing Matic, you may use the Ethereum cryptocurrency to stake on the blockchain and complete transactions. The high transaction fees associated with the Ethereum blockchain have been decreased as a result, assisting in the technology’s wider adoption. With the help of Ethereum’s top-notch security standards, it facilitates the development of decentralized applications and smart contracts. The goal of Polygon is to become carbon-negative in 2022 and climate positive in the future, making it more ecologically friendly than many other cryptocurrencies. By itself, this might encourage investors and accelerate the adoption of Polygon. The Ethereum blockchain can accept deposits of Matic from users, who can subsequently use the tokens and withdraw money. It is considered one of the best cryptocurrencies to purchase in September 2022. The price of Matic at the time of writing was about $0.8779.
I am surprised at the growth of Matic, to be honest. Every other day I see big corporates partnering with Matic for NFTs or launching blockchain games. Matic has outperformed many other coins and by the looks of it, I think Matic will keep on doing well and this is why I am buying Matic in September, 2022.
Which is my Best cryptocurrency from this list to buy in September 2022?
The best cryptocurrency to buy in 2022, according to me, is Bitcoin. I am not looking for MAXIMUM gains. I am looking for reliability. From this list, the reason I chose Bitcoin is because, it is the only cryptocurrency that decides which way the market would be going. If Bitcoin goes South, I have hardly seen any other cryptocurrencies do well. And I believe, if there is any coin that can rebound the highest, it is Bitcoin. This is why Bitcoin is in my list, the top cryptocurrency to buy in September 2022.
If I were to buy one cryptocurrency this month, it would be Bitcoin.
Is September really a good time to Invest in Cryptocurrency?
As said earlier, throughout the history, September has given some massive chances to buy the bottom. So, there is a very high chance that crypto market could see a major downfall again this year. If that happens, for anyone who believes in long term holding, should not miss the chance to buy these cryptocurrencies at cheap.
Okay, for now, that’s it. I shared my experience with you on this post. This list essentially provides all the answers to your questions regarding the top cryptocurrencies to purchase in September 2022. Despite the fact that these top cryptocurrencies appear to be on the verge of a major boom by the end of 2022, you shouldn’t discount Bitcoin’s long-term potential. Before making any significant financial commitments to these projects, don’t forget to conduct your own research.