What cryptocurrencies brought investors income in September – analysis

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CONTENT

  • September was not the best month for investors

  • Bitcoin repeated the September scenario of past years

  • Investors of some cryptocurrencies still managed to earn

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September is traditionally not the best month for bitcoin (BTC) investors. Previously, Kraken analysts conducted a study, according to which the cryptocurrency often meets autumn with a decline in prices. Following the coin, other capitalization leaders also often fall.

On the last day of September, the BeInCrypto editorial team decided to find out whether Bitcoin and other popular cryptocurrencies met the expectations of experts. 

The Kraken team analyzed the behavior of BTC over a full nine years and several months of 2020. The table with the results, including the averages, looks like this:

5 Coins to $5,000,000,000 🚀 Best Cryptocurrency Investments for September 2020. Cryptocurrency News!

Bitcoin movement statistics by months. Data: Kraken report

Analysis indicates that historically September is the worst month for Bitcoin. At the same time, after him – in October – a digital asset, as statistics show, most often grows. 

In order to understand whether Bitcoin has departed from the expected scenario, the editorial staff of BeInCrypto compared the rate of BTC and other capitalization leaders as of the 1st and 30th of the month. The results are presented in the table:

What cryptocurrencies brought investors income in September - analysis
Cryptocurrency Price September 1 Price September 30 Changes from 1 to 30 September
Bitcoin  $ 11,687 $ 10,724 -8%
Ethereum $ 468 $ 355 -24%
XRP $ 0.288588 $ 0.240572 -16%
Bitcoin Cash  $ 281 $ 227 -19%
Binance Coin $ 23.34 $ 28.37 +21%
Polkadot  $ 6.54 $ 4.33 -33%
Chainlink  $ 16.04 $ 9.84 -38%
Bitcoin SV  $ 198 $ 175 -eleven%
Crypto.com Coin  $ 0.181022 $ 0.152525 -15%
Cardano  $ 0.124107 $ 0.098435 -20%
Litecoin  $ 62.34 $ 46.17 -25%

It turns out that the only cryptocurrency among the leaders of capitalization, on which investors could make money in September, is Binance Coin. Holders of Bitcoin, Bircoin SV and Crypto.com Coin suffered minimal losses. Investors in Chainlink, Polkadot and Litecoin hit hardest in September.

Another cryptocurrency to which the eyes of many investors were riveted in September – token As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More decentralized exchange Uniswap (UNI). The coin was born only on September 17th. Despite the short lifespan of the token, many investors managed to make money with it. 

UNI chart. Data: CoinMarketCap

According to some reports, the local maximum of the cryptocurrency was recorded on September 19 at $ 7.14. At the time of this writing, UNI is trading at $ 4.05 (according to CoinMarketCap). At the same time, the minimum value of the token is fixed at $ 2.87 (CoinMarketCap). It turns out that the growth of cryptocurrency in September was 41%.

While some members of the crypto community are sad about the lost profit, others prefer to find positive moments. Find out what memes digital asset investors laughed at last week from our material.

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What cryptocurrencies brought investors income in September - analysis
What cryptocurrencies brought investors income in September - analysis
What cryptocurrencies brought investors income in September - analysis

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