Crypto September: These coin updates could ignite price fireworks

Expectations are a driving factor in the crypto market, as they have the potential to attract droves of investors. Here we present four altcoins whose prices could march north in September.

Upgrades are a hot thing in the crypto space. That’s because updates are often accompanied with great expectations and FOMO buying. And depending on whether those expectations are met, such updates have the intriguing potential to boost cryptocurrency prices. This can create green candles that reach far into the crypto sky. Among the altcoins completing a major update this month is current top performer Cardano (ADA).

Cardano (ADA)

September promises to be an important month for the third largest cryptocurrency Cardano (ADA). That’s because not only is the hard fork supposed to happen, but the “Cardano Summit” is also scheduled to take place on September 25 and 26. A tweet from Input Output states that this year’s Summit will host a total of seven events, each with 20 local discussions and meetings. There is also a German “Cardano Summit” meeting, this one still has free places and will take place in Munich. The Summit website goes on to say that it will be Cardano’s(ADA) largest event to date. Among other things, the future of the crypto project will be discussed.

Meanwhile, the hard fork that has been expected for months is coming up on September 12. This means that the Ethereum competitor will be facing an upgrade with high expectations: the “Alonzo” update. Among other things, this is intended to introduce smart contracts into the Cardano ecosystem.

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Meanwhile, preparations for the update are in full swing. As it is sometimes with plans, shifts in the schedule are part of it. The community was wondering if the Alonzo update would be pushed back for a few days so that everything would work. But apparently that won’t be necessary at all. According to Cardano founder, Charles Hoskinson, the wheels of preparation are turning like clockwork – September 12th is set as the release date. The smart-contract platform will be called “Plutos.”

Cardano’s (ADA) share price rallied sharply since the beginning of the year and ADA was one of the top performers in the crypto market. While the price was $0.177 on Jan. 1, on Sept. 6, you can buy ADA at $2.91 – a price explosion of 1,644 percent.

Kava.io (KAVA)

With Kava.io, we have another exciting project in the list. It wasn’t until July 28 that the KAVA testnet went live. Then it came blow by blow. So on August 30, Kava.io tweeted that Kava Swaps and the Kava 8 mainnet were successfully launched. On the <a href=”https://www.kava.io/faq” target=”_blank” rel=”noopener”>project website states in response to the question, “what is the Kava Protocol?”:

Kava chain is a decentralized, public, censorship-resistant blockchain created using the Cosmos Software Development Kit (SDK). This means that it functions similarly to other blockchains in the Cosmos ecosystem. This makes the Kava Chain interoperable between various other blockchains.

As reported by Business Wire, a portal owned by Berkshire Hathaway, on August 31, Kava Swap is a cross-blockchain “automated market maker (AMM) application.” In this regard, Kava Swap represents a new functionality and is part of the Mainnet 8 upgrade. Kava Swap offers users an efficient and secure way to trade between the largest cryptocurrencies. Similar to what other DeFi protocols, such as Uniswap, offer their customers.

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Further, Scott Stuart, a co-founder and product lead at Kava Labs, commented in the announcement:

Since our founding four years ago, Kava Labs’ mission has been to build a portfolio of decentralized products and services that allow users to access all the benefits of DeFi, but without the risks that exist in the current market. As we expand our ecosystem, Kava continues to deliver on the promise of creating an open and scalable institutional platform that offers the same level of efficiency, security, and ease of use as main street financial products.

Meanwhile, Kava.io (KAVA) is trading at a price of $7.99. Like ADA, KAVA recently marked a new all-time high. Because on August 30, KAVA cracked the mark of 9.11 US dollars. Unlike Cardano, however, which has now firmly established itself in the top five of the crypto market, KAVA is ranked 132nd as of September 6 – so there is plenty of room for improvement.

Terra (LUNA)

Terra(Luna) is also without question one of the top performers in the crypto market this year. On January 1, you could still buy a Terra token for $0.654. As of September 6, the Terra price is already at $32.49. This means that Terra’s price performance has reached 4,967.9 percent.

And it could go even further north for Terra. Because on September 9, Terra will go through an important update: Columbus-5, which is supposed to bring some innovations for the project.

You can read more about Terra (Luna) in our article from August 28th, in which we reported in detail about Terra and how the project works.

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Zilliqa (ZIL)

Also for <a href=”https://www.btc-echo.d e/course/zilliqa/#:~:text=The%20current%20Zilliqa%2DPrice%20is,1%2C556%2C784%2C257%20%24%20on%20Place%20%2381.”>Zilliqa(ZIL) is in for an exciting ride this September. That’s because a major upgrade to Zilliqa just went live on August 30. With the update, Zilliqa aims to improve network performance in the following areas:

  • Garbage collection
  • Network stability for JSONRPC API service
  • Handling of PoW transmissions
  • Node synchronization

It remains exciting to see how September will play out for the featured projects. As stockbroker Gerald M. Loeb said last century:

Stocks are bought based on expectations, not facts.

Whether his quote holds true for the upcoming updates, such as with the upcoming upgrade of Cardano, remains to be seen. Because expectations, in stocks as in crypto, are a strange phenomenon. Investors’ expectations can be fulfilled and yet, after the feverishly anticipated event – a hard fork, for example – prices plummet. So it remains exciting to observe how crypto investors react after the updates, whether they see their expectations as fulfilled and how the price will develop as a result.