Ethereum-Based Coins Poised for a Bullish September
As Bitcoin (BTC) surges past $60,000, the crypto markets are regaining momentum. If this BTC rally continues, five Ethereum-based coins with strong fundamentals could see significant gains, potentially turning a $200 investment into $2,000. Despite the pain caused by corrections in August, investors can expect September to be slightly bullish, offering a rally opportunity for Ethereum-based coins.
5 Ethereum-Based Coins to Buy in September
Although Bitcoin has cleared $60,000 and Ethereum’s fundamentals remain strong, Ether’s market value has not fully reflected these developments. While Ether’s price remains stagnant, certain Ethereum-based coins are showing signs of rallying. Investors should keep an eye on these five Ethereum-based coins, which are flashing buy signals that could trigger an exponential rally in September.
OKB (OKB) on Exchanges Plummets
According to Santiment, the total supply of OKB held on centralized exchanges has dropped by 252% since March. This significant drop in the supply of OKB on exchanges is considered bullish for the crypto. A lack of tokens on exchanges suggests that investors are confident in the long-term performance of the altcoin and do not plan on selling their holdings anytime soon. This bullish sentiment could lead to a massive run-up in OKB’s price, turning a $200 investment into $2,000.
Fetch (FET) Signals Long-Term Bottom Formation
Santiment data shows that the MVRV Long/Short Difference for the AI token Fetch (FET) hovers around -16%, deep in negative territory. This indicator, which measures the difference between the 365-day and 30-day MVRV ratios, often signals potential reversal zones and the end of a bear market. Given this, Fetch (FET), an AI and Ethereum-based coin, could see a significant price increase.
Additionally, the Nvidia earnings report on August 28 will be a key driver for this Ethereum coin, potentially fueling a rally.
Floki (FLOKI) Fundamentals Improve
The recent uptick in crypto markets has driven the price of Floki (FLOKI), an Ethereum-based meme coin, higher. On-chain data shows a spike in network growth for FLOKI, indicating that new addresses, or capital, are joining the meme coin network. This growth, coupled with an increase in daily active addresses, points to a bullish future for FLOKI.
This optimistic outlook could see Floki’s price soar, potentially turning a $200 investment into $2,000.
Lido DAO (LDO) Could Be a Community Favorite Again
During the 2021 and 2022 crypto bull runs, Lido DAO (LDO) was a favorite among investors due to its volatility and utility. LDO’s market value increased by 900% between mid-2022 and early 2024. Recent on-chain data shows that whales have been accumulating LDO in the past few weeks.
- Since July 29, whales holding between 10,000 to 100,000 LDO tokens have increased their holdings by 2 million LDO.
- Whales holding between 100,000 to 1,000,000 LDO tokens have increased their holdings by 10 million LDO.
This accumulation trend highlights the bullish expectations these whales have for LDO’s price. While the end of August might bring volatility and short-term corrections, sidelined buyers are likely to step in and maintain the ongoing bullish outlook.
Investors could capitalize on these 5 Ethereum-based coins to potentially turn a $200 investment into $2,000.
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