We’re halfway through September. This month is typically the worst crypto month in each year. Nonetheless, during September, we also see coins that perform well. There are always exceptions to the rule.
So, we look at the top 3 best-performing coins in the 2nd week of September.
1) Kaspa (KAS)
Kaspa is a Proof-of-Work chain. It made it into the third spot in this list. Kaspa has some interesting features going for itself. For example, it has a one-second block production. The team is even working on making this faster.
Exciting times ahead for Kaspa! Dive into the latest article to discover #Kaspa's enhanced 10-BPS mempool is transforming crypto and finance, seamlessly managing thousands of pending transactions. Faster, reliable, and efficient – $KAShttps://t.co/LH96lDpxsG#Trilemma… pic.twitter.com/cxVzDFw24M
— Kaspa (@KaspaCurrency) September 16, 2023
The KAS token saw a fair launch. This means that there was no pre-mining or other allocation at launch. Another main feature is that Kaspa uses the GHOSTDAG protocol. A DAG is a Directed Acyclic Graph. A standard blockchain has linear blocks. They are all lined up in one single file. However, a DAG can validate new blocks at the same time. Like parallel to each other. Kaspa uses a blockDAG for this. You can see how this works in this visualizer.
You will need a Kaspa-compatible wallet to use the KAS token. Kaspa has its own web and mobile wallet. There’s also the KDX desktop wallet. In Kaspa’s ecosystem, you can find, for instance, Chainge. There are also more wallet integrations available in the ecosystem. For instance, Tangem, Zelcore, and OneKey.
🎉UPDATE!
Now users can withdraw AND pay in $KAS via @NOWPayments_ioAnd on @ChangeNOW_io they can swap both to/from $KAS! #Kaspa merchants rejoice! https://t.co/o7rYZUeD7G pic.twitter.com/PHS87VOZbr
— Kaspa (@KaspaCurrency) September 13, 2023
Kaspa was up 18.8% during the last 7 days. Its current KAS price is $0.04790806. The market cap $996 million. There’s a max supply of 28.7 billion KAS tokens. Out of these, 20 billion already circulate.
2) THORChain (RUNE)
THORChain is a cross-chain DEX. The devs used the Cosmos SDK to build it. It’s a Proof-of-Stake chain and uses Tendermint for consensus. Tendermint is of interest to devs. They can tweak the open-source code and write in any software language. RUNE comes in as second of the top-performing coins.
⛓️ Cross-chain trading can be tricky, and often requires either giving up custody of your crypto or accepting some security risks.@ThorChain aims to be a solution to this issue, allowing direct swaps between Layer-1 coins like $BTC, $ETH, $LTC, and more!
Read all about it with… pic.twitter.com/X5s80i3iFS
— Ledger (@Ledger) September 15, 2023
One of the main features of THORChain is that it settles native assets. It’s a chain-agnostic service provider. Currently, you can move assets around between, for instance: Bitcoin, Ethereum, BNB Chain, Avalanche, DogeCoin, and more.
So, you can swap native tokens between chains with THORChains pools. These are the Continuous Liquidity Pools (CLPs). In essence, there are two swaps. From token A to RUNE and from RUNE to token B. This system allows for no slippage. It also neutralizes impermanent loss. For example, you can swap ETH on Ethereum and receive BTC on Bitcoin. So, there’s no need for wrapped tokens. Instead, it uses the Bifröst Protocol.
RUNE is the native token and it secures the platform. Over the last 7 days, it went up by 23.1%. The current RUNE price is $1.87. Its market cap is $562 million. The max supply of RUNE tokes is 500 million. Currently, 300 million already circulated.
THORChain's Lending feature is a big game changer.
In just 27 days, it has already burned an impressive 842,000 $RUNE tokens, equivalent to a remarkable 31,185 RUNE tokens daily.
This is a major catalyst for $RUNE going into the next bullrun. If you know, you know. pic.twitter.com/Xm5x2duRgt
— CryptosBatman ⚡ (@CryptosBatman) September 17, 2023
3) Toncoin (TON)
If we talk about Toncoin, we talk about Telegram. Everybody in crypto should be familiar with Telegram. Whether you like it or not. For example, you can get the TON wallet through Telegram. This happened last week and is also the catalyst for the TON token performance over the last 7 days. This is currently the top-performing coin of all coins.
📣 Yesterday, TON Foundation announced it started working with @telegram, and @wallet_tg is now available to 800 MILLION USERS!
A 🧵on the greatest #Web3 mass adoption event ever. pic.twitter.com/pwm1RJhmN6
— TON 💎 (@ton_blockchain) September 14, 2023
TON went up by 38% The current TON price is $2.36. There’s an $8.1 billion market cap. The max TON token supply is infinite. However, the total supply is 5 billion TON tokens. Currently, 3 billion TON tokens circulate.
TON stands for The Open Network. It has an instant payment platform, which makes it useful to Telegram. The Telegram wallet could become the world’s most-used crypto wallet. TON will interact with all the apps in the network and ecosystem. You can use it, for instance, for,
- Network operations
- Transactions
- Game
- Or collectibles (NFTs)
Besides the payment system, TON also offers, among others:
- Domain name service.
- Decentralized storage.
- Anonymous network.
🔥 @steveyun_ton, President at TON Foundation, and John Hyman, CIO at @telegram, presented "Transforming Telegram to Web3 with Toncoin" at #TOKEN2049.
The talk explored how mass adoption of #Web3 can become a reality with Telegram and #TON.
Let’s take a deep dive into that 🧵 pic.twitter.com/fvaEdxtMPN
— TON 💎 (@ton_blockchain) September 15, 2023
With over 800 million Telegram users, the future for TON and the TON wallet looks bright. No wonder that it’s currently the best-performing coin.
Conclusion
Historically, September is the worst month for crypto. However, there are also tokens that perform well. We looked at the three top coins for September. These are, Toncoin (TON), THORChain (RUNE), and Kaspa (KAS).
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
