What are the next altcoins to explode in September 2023? Find out more.
Key Points:
Several altcoins have posted massive gains in 2023, and some price predictions expect more gains before the end of the year.
In the 2021 bull market, several altcoins outperformed Bitcoin ($BTC).
Positive news about the possibility of a spot Bitcoin ETF approval resulted in a considerable price surge at the end of last month, and now traders are thinking about which altcoins will pump in September. The top 10 altcoins in this post have been highlighted by market analysts as having the potential to rack up gains this September.
What Is an Altcoin?
An altcoin is any cryptocurrency other than Bitcoin. The altcoin market is extremely diverse, so the term is considered an umbrella for many different types of crypto. The leading altcoin is Ethereum, and other notable alts include Solana, Litecoin and XRP. Altcoins tend to have considerably smaller market capitalisation than Bitcoin and offer specific use cases such as DeFi compatibility or fast transactions.
The List of 10 Altcoins to Watch in September 2023
1. CyberConnect ($CYBER)
Market Capitalisation: $105 million
YTD: 600%
Price: $10
CyberConnect ($CYBER) is a recently launched crypto project that’s designed to provide the tools needed to build Web3 social media platforms. $CYBER has been performing incredibly over the past month, and it has returned over 150% in the last seven days.
The price prediction analysts have been unable to keep up with the Cyber surge. Pickacrypto set an end-of-year target of $10 last month, but that’s already been broken, and Coincodex’s September target of $8.9 has also been exceeded.
2. Ethereum ($ETH)
Market capitalisation: $201.45 billion
YTD gains: +37%
Price: $1,640
Ethereum ($ETH) is the dominant altcoin. As the first smart contract-compatible blockchain, it got a headstart on the competition and has proven over time to be the most popular platform for developers. It has a massive dApp ecosystem, a huge market cap, and YTD, it has returned nearly 40%.
Ethereum price predictions are bullish on $ETH in September and in the longer term. Coincodex expects $ETH to be trading above $1740 this month, while AMBcrypto has an average target of over $2k.
3. Solana ($SOL)
Market Capitalisation: $17 billion
YTD: 98%
Price: $19
Solana ($SOL) is a layer-1 blockchain designed to be faster and more developer-friendly than Ethereum. During the 2021 bull market, $SOL was trading for over $200, but the bear market and a series of technical failures pushed its price below $10. YTD $SOL has been one of the most profitable large-cap altcoins.
Coincodex expects $SOL to post solid gains this month as it moves well above the $20 mark. Changelly is very bullish on $SOL, with a double-digit gain forecast for September that would push it to $24.
4. Avalanche ($AVAX)
Market Capitalisation: $3 billion
YTD: -8%
Price: $10
Avalanche ($AVAX) is a layer-1 blockchain that boasts some of the fastest transaction speeds on the market. The project has collaborated with several global corporations and, during the bull market, saw its price exceed $120. In 2022, its price crashed and now trades at a 90% discount from its all-time high price.
Several price predictions are bullish on $AVAX in September. AMBcrypto believes $AVAX could rally to $18 this month, while Changelly and Coincodex are targeting more modest gains of 1-5%.
5. XRP ($XRP)
Market Capitalisation: $26 billion
YTD: 50%
Price $0.5
XRP ($XRP) is a layer-1 crypto created by Ripple Labs founders and used for global payments solutions. It’s been one of the most discussed projects this year due to the SEC’s case against Ripple Labs regarding sales of $XRP tokens. A judge ruled that most $XRP sales weren’t securities offerings, leading to the altcoin market surging in July.
$XRP has given up most of its July gains, but the price predictions are generally optimistic that it will post solid gains this month. Coincodex expects $XRP to reach $0.055 this month, while AMBcrypto expects a surge up to $0.79.
6. BNB ($BNB)
Market Capitalisation: 33 billion
YTD: -20%
Price $214
BNB ($BNB) is the Binance blockchain’s native token that offers various benefits to the Binance exchange users, among other use cases. $BNB has one of the biggest market capitalisations, and many analysts expect it to recover from its recent decline as Binance continues to dominate the CEX industry. Coincodex and Changelly are extremely bullish on $BNB for September, with $500 price targets.
7. XDC ($XDC)
Market Capitalisation: $790 million
YTD: 105%
Price: $0.056
XDC ($XDC) has been one of the most successful altcoins YTD. It's up over 50% in the past month as news about its use for the tokenisation of bonds spurred bullish sentiment. Cryptonewsz hasn’t offered a monthly price target, but they can see $XDC surging to $0.7 by the end of the year, while AMBcrypto expects a slight pullback following the recent rally.
8. Cardano ($ADA)
Market Capitalisation: $9 billion
YTD: -13%
Price: $0.25
Cardano ($ADA) has been struggling to gain momentum this year despite holding its place as a top ten crypto by market cap. Despite its price struggle, the blockchain’s total value locked has been increasing, and several technical upgrades have improved its usability. Changelly and Coincodex expect modest gains this month from $ADA but expect solid returns further down the line.
9. Dogecoin ($DOGE)
Market Capitalisation: $8.9 billion
YTD: -13%
Price: $0.06
Dogecoin ($DOGE) is the leading meme coin and one of the most valuable cryptos by market cap. It’s experienced several short price surges this year but hasn’t formed a stable uptrend. The recent announcement by X (formerly Twitter) that it acquired a payments license that would allow it to deal in crypto has created considerable positivity about $DOGE’s potential to surge this month.
10. Shiba Inu ($SHIB)
Market Capitalisation: $4.6 billion
YTD: -8%
Price: $0.00000796
Shiba Inu ($SHIB) went on a solid bull run earlier in the year, but difficulties with launching its Shibarium blockchain have resulted in a double-digit drop over the past few months. The Shibarium launch issues have been resolved according to the Shiba Inu team, clearing the way for potential upside in September. Changelly expects $SHIB to add 10% by the end of the month, and Coincodex forecasts 1-5% in positive growth.
Altcoins to Watch Out
Several altcoins have posted massive gains in 2023, such as $CYBER and $XDC, while some more well-known names, such as $BNB and $ADA, have struggled. According to several price analysts, the cryptos in this list are expected to perform well in September, with $BNB and $CYBER standing out in terms of potential gains.
