Which cryptocurrency will rise in price in September?

Austin Arnold Explains Which Digital Coins Will Be The Most Promising Next Month.

Analyst Austin Arnold on his YouTube channel (945 thousand subscribers) named five altcoins, which, in his opinion, will rise in price in September.

Arnold considers Ethereum (ETH), Cosmos (ATOM), Cardano (ADA), Tezos (XTZ) and VeChain (VET) to be the most promising tokens for the next month.

According to the analyst, this shows that the entire cryptocurrency ecosystem is awaiting an altcoin update and is ready to donate funds for this.

Another event supported by Ethereum, Arnold called the purchase by the Visa payment company of an NFT token from the CryptoPunk collection for $ 150,000 (payment was made in ETH).

The analyst claims that this will significantly increase the liquidity of the Cosmos ecosystem.

Since the beginning of the month, the Cosmos cryptocurrency has risen in price by 83%. The price of the digital coin reached $ 23.8. On August 27, the cost of Cosmos is $ 18.5, capitalization is $ 5.1 billion.

The analyst also noted the low fees on the Cardano network compared to Bitcoin and Ethereum.

In August, the price of Cardano rose 132%. The market valuation of the asset increased to $ 83 billion. The digital coin took the third place in the list of the largest cryptocurrencies in terms of capitalization. Cardano is trading at $ 2.59 on August 27.

Tim Harrison, Marketing and Communications Director of IOHK (the issuer of Cardano), announced the release of the Alonzo hard fork on September 12th.

After that, the altcoin network will receive support for smart contracts and the ability to create decentralized applications (DeFi).

Cardano is a blockchain focused on the launch of smart contracts, decentralized applications and sidechains.

Thank you #InCoreBank and @inacta for another successful collaboration project! The innovative and compliant standard for asset #tokenisation of financial products (FA2) we have enabled together on @tezos is definitely shaping the #blockchain industry.https://t.co/vEENshU4Kh

— Crypto Finance (@CryptoFinanceAG) August 24, 2021

According to Arnold, financial companies are using the Tezos blockchain to create their own niche.

Since August 1, the price of Tezos has increased by 92%. The capitalization of the digital coin increased by $ 3.8 billion. On August 27, the cryptocurrency is traded at $ 4.5.

Tezos is a decentralized blockchain platform with smart contract support and the ability to create tokens and decentralized applications (dApps).

Arnold argues that this decision will have a positive impact on the development of VeChain, as in the future, companies will be the main driving force behind the mass adoption of NFT technology.

Since the beginning of August, the VeChain blockchain token has grown by 73%. The price of the digital coin reached $ 0.14. On August 27, the cryptocurrency is trading at $ 0.11, and its capitalization is $ 7.8 billion.