The crypto market is heating up, and investors are eyeing altcoins. This article examines key altcoins and the strategy for investing $1,367.
Current State of the Crypto Market
The altcoin season index has recently indicated that we are entering ‘Altcoin Season’ for the first time since December 2024. On September 17, the Federal Reserve is expected to hold its next policy meeting, with 87% of Polymarket participants anticipating a 25-basis-point rate cut.
Key Altcoins for Investment
For a budget of $1,367, the following altcoins were chosen:
- **Cardano ($ADA)** — receiving attention for its voucher redemption process and the results of an Input Output audit. Its price has stabilized at 89 cents after whales sold over 140 million tokens. - **Solana ($SOL)** — up 20% over the past month due to the upcoming Alpenglow upgrade, set to improve its transaction speed significantly. The current price is $238, with resistance at $250. - **Stellar ($XLM)** — attracting institutional interest with its partnerships such as the launch of the $USDH stablecoin with Paxos. The price currently stands at 39 cents. - **Ethena Labs ($ENA)** — a new DeFi project offering a synthetic dollar stablecoin $USDe. The price of ENA stands at 76 cents, with significant potential for growth.
Conclusion and Recommendations
Investments are distributed as follows: 30% in Cardano ($ADA), 30% in Solana ($SOL), 20% in Stellar ($XLM), and 20% in Ethena Labs ($ENA). These altcoins show promising growth potential, and investors should monitor their developments in the upcoming months.
The altcoin market continues to evolve, and choosing the right tokens like Cardano, Solana, Stellar, and Ethena could significantly impact portfolio returns.
