Cryptocurrency Heard for the Month: 16 September 2022
In the last Cryptocurrency article, our technical analysis recommended for the month of September: Cardano (ADA), OMG Network (OMG), Helium (HNT), and VeChain (VET). In the meantime and despite a bearish Cryptocurrency market, the suggested technical analysis portfolio, on average is up 9.72% from 9.53%, in August 30, 2022.
On the Other hand, our new buy suggestions for September is down 7.69%, in the last two weeks, but our technical analysis reintegrate a good entry point to add Cardano (ADA), OMG Network (OMG), Helium (HNT), and VeChain (VET) to the portfolio.
Suggested Crypto currency Portfolio Review
The following were our suggested entry price for:
Solana (SOL): $27.50
Avalanche (AVAX): $15.00
VeChain (VET): 0.023
Cardano (ADA): $0.50
Ethereum (ETH): $1,007
Bitcoin (BTC): $20,600
Binance Token (BNB): $207
Litecoin (LTC): $50.50
Tether (USDT): $1.00
XRP (XRP): $0.37
Dogecoin (DOGE): $0.076
Solana (SOL) Current Price: $34.17 UP 24.25%
Avalanche (AVAX) Current Price: $18.98 UP 26.53%
VeChain (VET) Current Price: $0.024 UP 4.35%
Cardano (ADA) Current Price: $0.46 DOWN 8.00%
Ethereum (ETH) Current Price: $ 1,609.35 UP 59.82%
Bitcoin (BTC) Current Price: $ 20,105.41 DOWN 2.4%
Binance Token (BNB) Current Price: $274.16 UP 32.44%
Litecoin (LTC) Current Price: $59.85 UP 18.51%
Tether (USDT) Current Price: $1.00 UP 0.00%
XRP (XRP) Current Price: $0.34 DOWN 8.11%
Dodge Coin (DOGE) Current Price: $0.06 DOWN 21.05%
As of Sep 14, 2022, the S&P Cryptocurrency Broad Digital Market Index year to yesterday’s performance is down 60.47%.
- Cardano (ADA)
Last trade: $0.48
Market cap: $16.2 billion
Cardano (ADA) is a cryptocurrency launched in 2017. Users are able to generate ADA through the process of mining. Cardano has a current supply of 34,258,602,060.048 with 33,726,104,791.185 in circulation. It is currently trading on 413 active market(s) with $2,296,524,772.65 traded over the last 24 hours. More information can be found at https://www.cardano.org.
- OMG Network (OMG)
Last trade: $1.79
Market cap: $251 Million
OMG Network (OMG) is a cryptocurrency and operates on the Ethereum platform. OMG Network has a current supply of 140,245,398.24513277. It is currently trading on 274 active market(s) with $341,711,864.29 traded over the last 24 hours. More information can be found at https://omg.network/.
3. Helium (HNT)
Last trade: $4.1
Market cap: $517 Million
Helium (HNT) is a cryptocurrency launched in 2019. Users are able to generate HNT through the process of mining. Helium has a current supply of 223,000,000 with 114,283,103.00392172 in circulation. It is currently trading on 42 active market(s) with $45,125,956.89 traded over the last 24 hours. More information can be found at https://www.helium.com/.
- VeChain (VET)
Last trade: $0.024
Market cap: $1.7 billion
VeChain already gained 40% in August, as the supply chain platform continues to show what blockchain can achieve. VeChain uses blockchain technology to improve business processes and track each stage in the supply chain.
VeChain (VET) is a cryptocurrency . VeChain has a current supply of 86,712,634,466 with 64,315,576,989 in circulation. It is currently trading on 176 active market(s) with $823,085,531.34 traded over the last 24 hours. More information can be found at https://www.vechain.org/.
Before investing in any financial vehicle, please note diversification is key to any good investment strategy, and this holds true, when you are investing in cryptocurrency. Do not put all your money in Bitcoin, for example, just because that is the name you know or most hear on the street. There are thousands of options, and it is better to spread your investment across several currencies. Hopefully, the following articles in the subject will help you make better investment decision choices, when investing in Cryptocurrencies.
Disclosures: The cryptocurrency market is highly volatile, so be prepared for ups and downs. Investors may experience dramatic swings in prices. Investors, who do not have high risk tolerance, cryptocurrency might not be a wise choice of investment. Cryptocurrency is all the rage right now, but investors should remember, it is still in its relative infancy and is considered highly speculative. Investing in something new comes with challenges. Investors, who plan to invest in Cryptocurrency should do their own research, and invest according to their risk tolerance.
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