The cryptocurrency market seems to be undergoing another slight correction. Bitcoin (BTC) has fallen to the $59,000 level after reclaiming the $60,000 mark earlier this week. The global crypto market cap has dipped 2.5% to $2.19 trillion.
Why Did The Current Market Dip?
The latest market correction may be due to investor fears. The possibility of a recession in the US may have spooked market participants, and rising geopolitical tensions may have also shaken investor sentiment.
The Federal Reserve has also been ambivalent about when it intends to cut interest rates. This has led to investors withdrawing from risky assets such as cryptocurrencies.
With that said, let’s look at three assets that could rise in September.
Top 3 Cryptocurrencies for Healthy Gains in September
1. Bitcoin (BTC)
Bitcoin (BTC) has faced a 2.5% correction in the daily charts and a 2.6% correction in the weekly charts. BTC is the market leader and will likely rebound in the coming month.
Also Read: Top 3 Cryptocurrencies To Watch This Week: Late-August 2024
According to the analysts at CoinCodex, BTC will breach the $80,000 mark in September and hit a new all-time high of $82,727 on Sept. 20, 2024. Hitting $82,727 from current price levels will translate to a growth of about 39.3%.
2. Binance Coin (BNB)
Binance’s BNB token is also primed for healthy growth in the coming month. Although the asset has dipped 1.2% in the last 24 hours, it was up more than 7% in the previous week.
According to ConiCodex data, the cryptocurrency will hit a new all-time high of $731.82 on Sept. 5, 2024. Hitting $731.82 will translate to a rally of about 30% from current levels.
3. Pepe (PEPE)
PEPE has been one of the best-performing cryptocurrencies of the last year. Although the asset has faced a 5.4% correction over the last week, it is predicted to rally soon.
Also Read: Top 3 Cryptocurrencies That Could Skyrocket Before 2024 End
According to CoinCodex data, PEPE will hit a new all-time high of $0.00002645 on Sept. 18, 2024.
