- Top 5 Performing Altcoins of September 2024
- Low-cap: The Biggest Altcoin Gainers
- Staying Safe with Altcoins
With the crypto market capitalization now somewhere midway between the highest and lowest points of the last 12 months, many investors are looking for opportunities in the crypto industry. Let's look at the best-performing altcoins of September 2024, including high-cap and low-cap options to give a balanced view of the market.
Top 5 Performing Altcoins of September 2024
First, we’ll start with the high-cap options and look at the altcoin top 5 gainers in the last 7 days. These projects are taken from the top 100 coins by market cap, starting with those that have seen the strongest price growth this week. ### BinaryX (BNX) BinaryX is a decentralized platform used for blockchain-based gaming development and entertainment. The native BNX token is the top gainer this week within the top 100 coins ranked by market cap, seeing a 34% rise in price over 7 days. ### Fantom (FTM) Layer-1 dApp network Fantom is up a healthy 20.8% this week, bolstered by news of Sonic Labs, a key player in the Fantom industry, targeting an $11 trillion lending market thanks to a recent project update. ### Artificial Intelligence Superalliance (FET) Despite boasting a name more outlandish than most meme coins, the Artificial Intelligence Superalliance has seen increased investment from crypto users over the last 7 days with a 20% price increase for FET tokens. ### Sui (SUI) SUI token is up over 17% this week, most likely aided by the announcement of the SUI trust for accredited investors which has just been launched by Grayscale. ### Toncoin (TON) Toncoin, the native token for the Telegram app ecosystem, is also up 17% over the last 7 days. With a growing user base and added features, it retains its appeal.
Low-cap: The Biggest Altcoin Gainers
In the low-cap altcoin space, the gains are quite a bit higher, along with the risks... ### Euno (EUNO) The EUNO privacy coin has seen a massive 233% gain this past week alone as investors line up to buy in on the trending coin. The total capitalization is just over $1 million. ### Swisscheese (SWCH) SWCH is the native coin for the Swisscheese DeFi platform which has seen a 133% increase in value over the last 7 days. ### Catgirl (CATGIRL) Catgirl crypto is up 107% this week. The total market cap of this coin is just $670,000, making it very high-risk.
Staying Safe with Altcoins
It’s always interesting to read about the best-performing altcoins this week and to learn the antics of crypto’s biggest movers. However, high-volume gainers can become high-volume losers in an instant, particularly with smaller projects. While searching for promising altcoins, don’t forget to look beyond the latest price action and to factor in the use case and team that underlie the project.
The cryptocurrency market continues to offer many opportunities despite significant price fluctuations. A conscious approach to selecting altcoins and careful research can help investors minimize risks and choose the most promising assets.
Comments