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Top penny cryptocurrencies to watch by the end of September

Top penny cryptocurrencies to watch by the end of September

A Bloomberg analyst has stated that Bitcoin recently traded at its steepest discount ever.…

The post Top penny cryptocurrencies to watch by the end of September appeared first on CoinJournal.

Top penny cryptocurrencies to watch by the end of September

A Bloomberg analyst has stated that Bitcoin recently traded at its steepest discount ever. This is collaborated by multiple industry players who believe that Bitcoin is either trading at the bottom or is very close to the bottom. If this view holds true, then it could be a good time to start buying Bitcoin. It also means it’s time to start shopping for high-potential altcoins since altcoins tend to outperform Bitcoin in market rallies.

As we head into the weekend, here are three low-cost altcoins that could turn green and sustain momentum going into next week. All three have massive potential for gains due to strong news and their technical capabilities.

XRP (XRP)

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Buy XRP with eToro today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy XRP with Bitstamp today

There is growing speculation that Ripple will win the SEC-initiated case that has dragged down the price of XRP (XRP) for years now. This is evident in the growing confidence of Ripple lawyers and insiders in calling off the SEC. At the same time, the number of partnerships that Ripple is signing with banks and other financial institutions is on the rise. This excitement has seen the number of people that are betting on XRP rise in recent days.

 Data shows that there is an uptick in the number of whales buying XRP. If the trend continues, then XRP is without a doubt the cryptocurrency to watch in the near future. At the moment, XRP is the only top 10 cryptocurrency in the green and is up more than 50% in the last 7-days alone.

Dogecoin (DOGE)

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Buy DOGE with eToro today

Whale activity is one of the best indicators of where a cryptocurrency is going. When whales buy, it usually means that they have some information that a rally is around the corner. At the moment, data indicates that there is a lot of whale buying for Dogecoin (DOGE). With Bitcoin potentially at the bottom, this whale buying could trigger FOMO around Dogecoin and could see its price rally in the short term. Besides, Dogecoin being a low-cost cryptocurrency is likely to draw in lots of small-time investors in the short term. 

Terra Classic (LUNC)

As LUNC is such a new asset, it's yet to be listed on major exchanges. You can still purchase LUNC using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy LUNC right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You'll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the 1Inch DEX

Head to 1Inch, and 'connect' your wallet to it.

4. You can now swap your ETH for LUNC

Now that you're connected, you'll be able to swap for 100s of coins including LUNC.

Terra Classic (LUNC) was one of the best-performing cryptocurrencies recently. This was triggered by FOMO around the implementation of the Terra Classic token burn. While the momentum has slowed down recently, the odds are that LUNC could rally again now that Bitcoin appears to have hit bottom.

That’s because investors still expect LUNC to do well over time due to the rapidly declining supply. As such, it is one of the cryptocurrencies that can do well if the market starts to rally again. At the same time, the cost factor makes LUNC and other low-priced cryptocurrencies like Dogecoin highly attractive to investors.

With just $100, one can buy hundreds of thousands of LUNC cryptocurrencies. As such, if the overall sentiment turns bullish, the odds are that LUNC could easily end the month as one of the best-performing cryptocurrencies.

The post Top penny cryptocurrencies to watch by the end of September appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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Altcoins

What is the IOTA Price Prediction for 2030?

What is the IOTA price prediction for 2030? Can the IOTA coin become a valuable investment again in the future? Let’s take a look at it.

The IOTA coin was one of the most sizzling topics in the crypto market in 2017. In the bull market at that time, IOTA climbed to 4th place among the cryptocurrencies by market capitalization. But in recent months and years, the tide has shifted. The cryptocurrency never regained 2017 prices and fell out of the top 50 most valuable cryptocurrencies by market cap. What is the IOTA price prediction for 2030? Can the IOTA coin become a valuable investment again in the future? Let’s take a look at it.

What is IOTA?

IOTA is an open protocol established on distributed ledger technology. The network makes it possible to exchange data and values ​​free of charge. As a project, IOTA wants to develop the technological basis for the Internet of Things. This involves speedy communication and transactions between machines, vehicles, and devices.

The IOTA network varies from Bitcoin in its basic structure. IOTA utilizes the so-called “tangle” in contrast to the blockchain. This is based on the decentralized acyclic graph (DAG) and is a three-dimensional network that can theoretically offer tremendous decentralization and scalability.

How much can IOTA be worth?

At the time of writing this, the IOTA price was sitting at $0.2917. The IOTA or MIOTA price has witnessed a strong drop again in recent months. With the beginning of the bear market, the cryptocurrency has dropped sharply in price since September 2021. The MIOTA price was able to touch a price of $2 in September 2021. But once again, the price has dropped more sharply.

The bear market only began in November 2021. By then, the MIOTA price was already declining. But since November, this price decline has accelerated more rapidly with the bear market. At the turn of the year, the rate was $1.41. In January 2022, the price had already dropped below $1. We also witnessed heavier losses in May when the MIOTA price dropped below $0.30. 

In June, the IOTA coin price was only 0.25 dollars. The price has dropped more than 85% since the high in September 2021. In the following weeks, the price, like the prices of the other cryptocurrencies, was able to stabilize again to this day.

What is the latest news on IOTA Coin?

In the last few months, we have noticed some positive developments at IOTA again after years of hardships. In 2017 there was huge hype about the potential of the network, but IOTA has not been able to follow through with significant development work in recent years.

— Bitfinex (@bitfinex)

In addition to the mainnet at IOTA, the Shimmer and Assembly networks have also been created in recent months. IOTA recently issued interesting information about these individual networks. In the future, Shimmer will allow you to create your own tokens in the network. Also, the network token SMR will soon be available on the Bitpanda and Huobi platforms.

At Assembly, we witnessed the third round of staking, which began in late July 2022. 20% of the stock of the ASMB token is scheduled. There is also good news for the mainnet. The IOTA Foundation launched its own login tool for the mainnet. The “registration with IOTA” could start soon. 

What will IOTA be worth in 2030?

IOTA/USDT Weekly chart – GoCharting

The forecasts for cryptocurrencies are often complicated and mostly only informed assessments can be made. Yet, most experts assume that with the latest positive developments in IOTA Coin, the possibility of the cryptocurrency can be realized in the future. The IOTA coin could thus achieve price gains by 2025 and then up to 2030.

If we look at the next few years, mostly positive predictions for the price development of IOTA up to 2030 can be seen. Some prediction websites have slightly positive predictions for the MIOTA price at the moment:

  • TradingBeasts: MIOTA rising to $0.63 by 2025, to $1.43 by 2030
  • CoinPriceForecast: MIOTA rising to $0.81 by 2025, to $1.66 by 2030
  • LongForecast: IOTA rise to $0.63 by 2025

So we see that most forecasting platforms notice the IOTA coin increasing in price over the next few years. We have to add that the predictions on these platforms are mostly very hidebound and take into account that many problems can arise with cryptocurrencies. But the potential of IOTA could be much higher and its price could touch more than that in 2030.

Is IOTA a good buy?

The IOTA coin is still outside the top 50 cryptocurrencies by market capitalization at the moment. Yet, we have to keep in mind that IOTA is a network that has extremely high potential. In 2017, the coin was already in fourth place among cryptocurrencies for a short time. Bad judgments at the IOTA Foundation have caused the price to drop in recent years.

But for the future, the network itself still has incredibly high potential. This is due to the following elements:

  • IOTA’s Tangle is a design that can offer massive benefits over the classic blockchain.
  • In theory, IOTA can offer unlimited scalability, no transaction fees, and very high network speeds.
  • The idea of ​​the Internet of Things is extremely promising and can revolutionize digital communication in the future. 
  • With its Tangle, IOTA is unique and has no competition.

If IOTA manages to fully execute its vision technically, the IOTA coin can make tremendous bounds in the next few years. With few networks, the potential is as high as with IOTA. 

Which partnerships does IOTA have at the moment?

We see the potential of the IOTA coin, especially by the partners the network has at the moment. A large group of companies has entered into a partnership with IOTA to be able to use the service from the network in the future. 

  • SAP: The most valuable company from Germany, collaborates with IOTA to enhance the use cases of its own cloud. 
  • Bosch: In 2017, this partnership caused a massive price increase in the IOTA coin. The big German business would like to establish the technology for microtransactions. The execution of interfaces to the Internet of Things is being pushed ahead. 
  • Volkswagen: VW is probably the most well-known collaboration partner for IOTA. The automobile manufacturer witnesses the potential of IOTA in the modern mobility market as immense.

IOTA Price Prediction: Should you invest in the IOTA token now?

Based on the technology and the partnership, we witness how high the potential of the IOTA coin can be. Unfortunately, the network has not developed much in recent years and has had to bear many setbacks. But this appears to have changed in the last few months.

— Shimmer (@shimmernet)

With the positive developments in the Shimmer and Assembly networks, IOTA is taking a step in the right direction at the moment. In addition, the development of the IOTA 2.0 update, also called Coordicide, is progressing.

The IOTA coin also has huge potential in 2022. It is by no means sure that IOTA will be able to return to its 2017 highs. But due to the immense potential of the technology, an investment alone could be beneficial. It has a specific risk, but the potential profit is extremely high.

Source: Altcoin

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