The cryptocurrency world has known all September to have red candles, and 2021 September was not an exception. The overall crypto market cap lost nearly 11.2% from $2. 07 trillion at the start of September to stand at $1.84 trillion.
The flagship digital asset Bitcoin plummeted from the peak at $52,000 to $43,000 on 7 September, losing around $10,000 in one day. Keep in mind that El Salvador legalized BTC on that day. Bitcoin lost 10% in September.
As expected, the alt market dipped massively compared to BTC. Top altcoins such as Solana, Binance Coin, Cardano, and XRP record double-digit losses in September. At the same time, the alt market cap dropped by 12.22% from $1.2 trillion to $1.06 trillion as the month ended.
For now, the market depicts healthy moves after September’s decline. The impressive actions in October had the crypto community calling the month ‘Uptober, ‘ and it seems to accomplish its expectations.
On 1 October, BTC gained around $4,000 from $43,000 to levels past $48,000. With the positive mood in the market, here are the top options to consider in 2021 ‘Uptober. ‘
Bitcoin
Bitcoin lost 10% in September, and it managed to recover all its losses during sessions on 1 October. However, Bitcoin bulls need to overcome multiple obstacles to approach their record highs. For now, a critical challenge exists at $50,000. While writing this content, Bitcoin is around $47,913 after a 0.19% gain in a day.
Cardano trended in September, maintaining its 3rd rank in the market by capitalization. However, the month lost 26% from $2.88 to hit $2.11 as the month ended. Meanwhile, the ‘smart’ contracts launch had the token hovering above $3 during August sessions before downbeat emerged. Cardano 2021 summit saw the project announcing many partnerships. The lucrative moves had analysts predicting a move towards $5 before next year. While publishing this content, ADA has its value at $2.19.
AXS
Axie Infinity has performed well in the gaming industry, contributing to interest and massive growth in the NFT marketplace. Though the crypto hit lows of $48 in September, it managed to end the month with a 0.6% surge to 74.51. Recently, Axie Infinity announced a staking program that had it touching an ATH yesterday at $119. 92. While writing these lines, AXS trades at $149.1 after gaining 36.8%.
Feel free to add your favorite coin this month in the section below.
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