With Bitcoin (BTC) Price rose above 60,000 US dollarsthe crypto markets have regained momentum. If this BTC rally continues, these 5 Ethereum coins could Strong fundamentalsallowing investors to earn between $200 and $2,000. While August brought a lot of pain to the crypto markets due to corrections, investors can expect a slightly bullish September that will allow ETH coins to recover.
5 Ethereum-based coins to buy in September
Although Bitcoin price has crossed the $60,000 mark and Ethereum fundamentals are strong, Ether’s market value is not in line with developments. While Ether price is not moving, ETH coins are rising. So, investors need to pay attention to these 5 Ethereum-based coins that are sending buy signals that could trigger an exponential rally in September and take $200 to $2,000.
- OCB (OCB)
- Retrieve (FET)
- Floki (FLOKI)
- Shiba Inu (SHIB)
- Lido DAO (LDO)
OKB (OKB) crashes on the stock exchanges
According to Santiment, the total supply of OKB on centralized exchanges has dropped by 252% since March. This sudden drop in the supply of OKB on centralized platforms is considered bullish for the cryptocurrency. A shortage of tokens on exchanges suggests that investors are losing confidence in the long-term performance of the Altcoin and do not plan to sell their shares in the near future. Due to this optimistic outlook, investors can expect OKB, an Ethereum coin, to trigger a massive surge should the crypto market maintain its optimistic outlook. Such an opportunity would enable investors to earn $200 to $2,000.
Fetch (FET) signals long-term bottoming
Based on Santiment data, the MVRV long/short difference for the AI token Fetch is around -16%, deeply in negative territory. This indicator is determined by calculating the difference between the 365-day and 30-day MVRV ratios. Extremely negative values are often seen as potential reversal zones and the end of the bear market. Considering this, investors can expect Fetch (FET), which is both an AI and Ethereum coin, to continue rising.
In addition, the Nvidia earnings report on August 28 will also be a major driver for the further rise of this Ethereum coin.
Floki (FLOKI) fundamentals are improving
The recent surge in the crypto markets has led to a price increase for the Ethereum-based meme coin Floki (FLOKI). On-chain data shows that network growth for FLOKI has skyrocketed, indicating that new addresses, aka capital, are joining the meme coin network. This prospect is made even more credible by an increase in daily active addresses, suggesting a bullish future for this cryptocurrency.
This optimistic forecast could push the Floki price higher and allow investors to grab $200-$2,000.
Lido DAO (LDO) could be the community favorite again
In the crypto market bull run of 2021 and 2022, Lido DAO (LDO) was a favorite of many investors due to its volatility and utility. As a result, LDO’s market value increased by 900% between mid-2022 and early 2024. Based on Onc Chain data, whales have been targeting LDO in recent weeks.
Since July 29, whales holding between 10,000 and 100,000 and 1,000,000 LDO tokens have done nothing but accumulate their holdings. The first group increased their stack by 2 million LDO, the second by 10 million. This trend shows how optimistic these whales are and what expectations they have about the LDO price.
The end of August could see volatility and short-term corrections, but buyers who have held off so far are likely to step in and maintain the ongoing bullish outlook. Investors could speculate on these 5 Ethereum coins to turn their $200 into $2000.
Frequently Asked Questions (FAQs)
Given the strong fundamentals and spot ETF approval, investors can expect Ethereum coins to spark a massive rally, especially if the crypto markets maintain their bullish forecast. These 5 ETH coins include OKB, FET, FLOKI, SHIB, and LDO.
The decline in OKB supply on exchanges suggests that investors are confident in the coin’s long-term performance and do not plan to sell their holdings anytime soon.
The extremely negative value of the indicator indicates a possible reversal zone and the end of the bear market, which indicates a possible rally for FET.
Akash Girimath
Akash Girimath is basically an engineer but is interested in the chaos of financial markets. Akash is a senior reporter and analyst who also regularly trades cryptocurrencies and manages a small cryptocurrency fund for friends and family.
Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Conduct market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
✓ Share: