Crypto analyst Michaël van de Poppe predicts that decentralized derivatives exchange Injective (INJ) could double in value and reach $15 based on historical price patterns, indicating a return of the market's upward trend. INJ is currently valued at $7.42 and has seen a significant increase of 484% since the end of 2021. However, Bitcoin is down 1.4% in the last 24 hours, currently priced at $26,095.
Some altcoins like OKB, Ocean Protocol (OCEAN), Bitcoin Cash (BCH), and Toncoin (TON) show potential for bullish trends in September, with OKB potentially hitting a new all-time high at $72.10. However, a breakdown in the support areas could result in bearish trends for these cryptocurrencies.
TON, the native cryptocurrency of The Open Network, has become the 10th largest digital asset by market cap and briefly surpassed Dogecoin as the ninth largest cryptocurrency after a self-custodial digital wallet launched on Telegram, with TON being the best-performing asset in the top 100 cryptocurrencies in the past week, trading at $2.45.
Crypto analytics firm Santiment reports that the prices of eight altcoins are poised to rise, as the supplies of their native tokens on exchanges decrease and transactions by whales increase, while Bitcoin's social dominance has fallen to a three-month low.
Injective (INJ), a decentralized derivatives exchange, is viewed by a popular crypto trader as having high growth potential, with the trader suggesting that buying dips in the coming weeks could be a profitable strategy; the trader also predicts significant upswings for Bitcoin (BTC) and Ethereum (ETH) based on historical patterns, and observes that Solana (SOL) is retesting a key resistance level.
Crypto strategist Altcoin Sherpa predicts that layer-2 protocol Arbitrum (ARB) could see a 23% increase in price before its rally slows down, while decentralized derivatives exchange Injective (INJ) may dip to $7.50 before surging towards its target at $9.40. Additionally, Altcoin Sherpa believes that Bitcoin (BTC) will test its psychological resistance at $30,000 but is unsure of its larger trend.
Summary: Toncoin (TON) saw a 4% surge in value, outperforming other cryptocurrencies, after MEXC Ventures announced an eight-figure investment into the TON ecosystem, supporting various TON-based projects, and offering 0% trading fees for Toncoin.
BIGTIME, a new gaming altcoin, has experienced a significant increase in value after being listed on several top crypto exchanges, reaching a high of $0.333 and gaining more than 267% in a week.
Bitcoin (BTC) reached three-month highs, surpassing $30,000 and approaching key resistance levels, while altcoins also experienced significant gains, signaling a potentially bullish market.
Bitcoin's surge towards $35,000 has boosted the value of altcoins, with tokens like Solana, Chainlink, Aptos, and Pepe recording significant gains over the past week, driven in part by investor anticipation of a spot Bitcoin ETF being approved by the SEC.
