3 Crypto Assets That May Outperform Cardano in September
Despite a 38.8% year-to-end loss, Cardano has exhibited an underperforming trend in 2024. Historical data suggests a potential for further decline in September.
Alternative Crypto Assets to Consider:
1. Sei (SEI)
- Layer 1 blockchain optimized for trading applications.
- Price surge from $0.2 to $0.319 in three weeks.
- Market cap increased to $12.94 billion.
- Notable rise in open interest, indicating growing liquidity and interest.
2. TRON (TRX)
- Decentralized blockchain platform gaining investor attention.
- Launch of SunPump platform for meme coin minting.
- Price recovery to $0.16 from a high of $0.17.
- Continuously increasing number of addresses holding TRX, suggesting enhanced liquidity and stability.
3. Dogecoin (DOGE)
- Largest meme coin by market cap.
- Price rally from $0.08 to $0.1 in August.
- Market cap exceeding $15 billion.
- Accumulation trend among large investors holding 10-100 million coins.
Conclusion:
Based on historical data, Cardano's correction trend may persist in September. Investors may consider alternative crypto assets such as Sei, TRON, and Dogecoin, which exhibit promising potential for growth in the fourth quarter.