September has arrived in the blink of an eye. Although September is generally a challenging period for the crypto markets, the 4th quarter typically stands out as a hopeful time for investors. During this month, one of the industry’s largest events, Korea Blockchain Week, is expected to boost market sentiment. It is known that Asian markets tend to favor certain narratives and small-cap altcoin projects. For this reason, crypto expert Stu L from the Altcoinbuzz team evaluates which altcoins could potentially rise in September. In this context, the analyst focuses on 3 tokens.
1. Oraichain (ORAI)
The first altcoin on the list is Oraichain (ORAI). All the coins mentioned today share a common point: they are all small-cap projects. Small caps often follow the movements of large caps. This situation occurs based on the performance of Bitcoin. Therefore, at times, other altcoin projects may lag behind during a bull market. Oraichain presents itself as a Layer 1 Blockchain and an AI-based oracle. This project operates on the Cosmos IBC Blockchain. The development team can both develop applications and utilize the AI oracle when needed. Needs for off-chain information include data such as stock prices, weather data, or real estate prices in Southern California.
Currently, Oraichain’s token is trading at $5.35 and has shown a healthy increase of 225% over the last 12 months. However, it has experienced a loss of over 60% in the last 90 days. This indicates that the altcoin project is undergoing a breathing period before the next wave of upward movement. The market cap is just under $100 million. Almost 90% of the total and maximum ORAI token supply is currently in circulation. This suggests that there is no significant unlocking surprise for investors. ORAI’s all-time high was $105 in 2021. If the project tests this level again, it would mean nearly 20x gains for investors from this point. Additionally, the downside risk at this price level appears to be lower compared to many crypto projects.
2. Alex Lab (ALEX)
In the second spot is Alex Lab (ALEX). ALEX defines itself as a financial layer for Bitcoin. This altcoin project allows the creation of financial applications such as DeFi, DEXs, or BRC-20 protocols. It achieves this by building on Stacks, the largest and most popular Bitcoin Layer-2 Blockchain. Stacks is currently undergoing a major upgrade that will offer faster block times. There will no longer be a need to wait 10 minutes or longer for transactions to be included in a Bitcoin block. ALEX aims to be one of the biggest beneficiaries of this upgrade. Additionally, liquid staking options are available; however, this is, of course, applicable for the ALEX token, not Bitcoin.
ALEX has a market cap of $90 million. Currently, 80% of its total supply is in circulation. It has decreased by 22% in the last 30 days. However, it has shown a 97% increase over the last 12 months. Thus, despite being a small-cap, ALEX is no longer a secret; investors have started to discover and use it.
3. Clearpool (CPOOL)
Finally, Clearpool (CPOOL) is in the last position. It is important to note that today’s theme is not only small-cap altcoins but also projects in hot and growing sectors. Oraichain operates in AI, while Alex is active in the Bitcoin Layer 2 space. Clearpool stands out in the real-world assets (RWA) sector. Clearpool can be described as a decentralized lending platform. This offers lending possibilities without the 100% or greater collateral requirement that most DeFi projects impose. Clearpool is known as one of the first protocols to dive into the institutional lending side of the RWA sector. To date, over $600 million in loans have been recorded.
CPOOL is the smallest altcoin on the list with a market cap of $68 million. Like other projects, it has experienced losses of 17% and 33% in the last 30 and 90 days, respectively. However, despite the recent downtrend, the CPOOL token has shown a 577% increase over the last 12 months. This indicates that the token is quite far from its ATH of $2.55. Therefore, it can be said that it carries the potential for 20x gains from here.
The views and predictions presented in this article are expert opinions and should not be considered as investment advice. As Kriptokoin.com, we recommend that you conduct your own research before investing.
