September was relatively quiet in the crypto market, but don't let this calm fool you! So, what lies behind this recession and what awaits us in the coming days? Let's dive deep!
Total Market Cap: Quietly But Deeply
Total market capitalization barely fluctuated in September. #FTX Although events such as asset liquidation and the FOMC meeting created short-term activity, the market recovered quickly. Well what does it mean? Simply put, the market is resilient to possible shocks.
$TON Coin and Telegram: Star of the Month
The highlight of September was #Telegram 's integration of the TON wallet. This led to a significant increase in the value of TON Coin. This is a sign that Telegram could become a major player in the crypto world.
Stablecoins: A Steady Decline
Stablecoin market value decreased for the 18th month, falling to its lowest level since September 2021 at $123.8 billion. However, $USDT and $DAI are defying this trend and experiencing slight increases in their market caps. Is this a sign that stablecoins will recover?
#DeFi Market: New Players on the Field
ApolloX has become a major player, with a 450% increase in trading volume in September. This is a development that challenges the dominance of organizations such as $DYDX and $GMX . In other words, the DeFi market also has a dynamic structure and is constantly changing.
Conclusion: Is September Just the Beginning?
September may have been quiet, but this may be an opportunity to see what the coming days will bring. So, what will the market offer in the coming months? The answer to this question can determine your investment strategy.