The cryptocurrency market has become one of the fastest growing financial markets in the world and has made many investors life-changing wealth.
However, before investing in cryptocurrency it’s important to be aware of your own personal investing style. There are many ways to invest in cryptocurrency, some individuals prefer to day trade while others are simply looking for a long-term position.
This list has been put together for those investors looking to invest in the markets over the longer term.
Top 10 Cryptocurrencies To Buy In September 2022:
Ordered by market capitalization, here are the top 10 cryptocurrencies for September 2022.
Bitcoin (BTC) — Ranked #1
The oldest and most well-known cryptocurrency is Bitcoin. If you are looking to increase Bitcoin holdings, these are prices we haven’t seen in a long-time. Bitcoin is considered to be the ‘blue-chip’ cryptocurrency and with only 21 million Bitcoins ever to be created and the largest cryptocurrency by market capitalization, it’s a good choice for first-time investors.
Polygon (MATIC) — Ranked #12
Polygon is a proof of stake (PoS) blockchain network that was originally created as a scaling solution for the Ethereum network, to help with traffic congestion and high transaction fees.
Technically, Polygon is not a standalone blockchain, but rather a sidechain running parallel to Ethereum. This is known as a Layer 2 network. Since the creation of Polygon, it has emerged as more than just a Layer 2, but has become the third largest DeFi ecosystem. With institutional investment from major companies like Sequoia Capital ($450 million) and many new developers, we are expecting to see much more from this project.
Monero (XMR) — Ranked #27
Almost as old as Bitcoin, Monero is the privacy-focused cryptocurrency that Bitcoin is not. It’s often been said that every cryptocurrency portfolio should have a privacy coin and there is no better-known privacy coin than Monero.
For those who are privacy conscious and looking for a place to anonymously and privately conduct transactions, Monero is the go-to privacy cryptocurrency. As we continue to see the increase in government rules and regulations increase around the use and adoption of cryptocurrency, its expected privacy coins will become more popular and widely used, with Monero being at the top of the list.
Cosmos (ATOM) — Ranked #21
Interoperability has become quite the buzzword over the last year. With over 10,000 different cryptocurrencies actively traded, one of the biggest issues within this space is how to connect all these blockchains. This is where Cosmos comes in.
Cosmos is a network that connects independent blockchains together but is also an open-source software development kit (SDK). As the need for greater interoperability continues to increase, so will solutions like Cosmos.
QUANT (QNT) — Ranked #42
Quant, one of my personal favorites is also in the interoperability space using its Overledger Network to bridge the gap between various distributed ledger technologies. This project identifies itself as the first operating system built for the blockchain. It is also rumored that Quant is ISO 20022 certified and will be part of the CBDC (Central Bank Digital Currency) initiative.
PancakeSwap (CAKE) — Ranked #66
Pancakeswap is a decentralized crypto exchange that was launched in 2020 which allows you to trade BEP 20 (Binance) tokens at a very low fee. It is the leading decentralized exchange, has lower fees and more liquid than its rivals. There is also the added benefit that Cake can be staked at a high yield, offering passive income for investors.
As the demand for decentralized exchanges and liquidity for coin pairs grows, PancakeSwap is at the forefront.
Kyber Network (KNC) — Ranked #95
Kyber Networks addresses another big issue within the cryptocurrency space which is liquidity. Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp).
Kyber Network is solving a growing problem by enabling the decentralized exchange of tokens. As the need for liquidity protocols grow, Kyber Networks will be one of the leading projects to address this growing problem.
Seedify.fund (SFUND) — Ranked #273
Blockchain gaming will be the future and there is no better incubator than Seedify. Seedify is both an incubator and launchpad for some of the most interesting games to come out of this space. If there is a fund that will benefit from the growth in the blockchain gaming space, it will be Seedify.
Mancium (MANC) — Ranked #531
Blockchain gaming will be a large part of the future of cryptocurrency and Manc Games is a platform that turns classic games into mobile applications.
MANC games have been downloaded by millions of users across 23 countries, with an expected growth rate to achieve 25+ million downloads by 2023. Mancium is a low-cap gem with massive growth potential.
PIVX (PIVX) — Ranked #576
PIVX is the anonymous and private version of Bitcoin. Based on Bitcoin’s code, PIVX has undergone many updates and modifications to make it a truly private cryptocurrency. PIVX offers Cold Staking functionality which allows PIVX holders to earn rewards while the coins are stored on a hardware wallet (a nice bonus).
As a privacy coin, it's been around since 2016 and has a good track record. As the need for transactional privacy increases, so will the demand for privacy coins like PIVX.
Which is the Best Cryptocurrency from this list to buy in September 2022?
In a downward market, the safest cryptocurrency is Bitcoin. Bitcoin is one of the lowest cryptocurrencies by supply (only 21 million coins) and is currently traded at very low prices when compared to its all-time high. Bitcoin is the first and oldest cryptocurrency and is known around the world. It is also the only cryptocurrency that has been adopted by a country as its official currency (El Salvador).
Is September a Good Time to Invest in Crypto?
It’s important for the investor to be well aware of the cryptocurrency market cycles and how they are behaving. If we take a close look at the past bull and bear crypto markets, you will notice that September is often a continuation of the prevailing trend — whether bullish or bearish.
For September 2022, it’s likely the market for the short-term will continue in its bearish cycle. Investors looking to invest in quality projects, often use what is known as dollar-cost averaging to both accumulate and minimize losses in a downward market.
How to Find the Best Cryptos to Buy
In this part of the article, we provide insight into some of the methods used by investors to find the best cryptocurrencies for their portfolios.
How to Evaluate a Cryptocurrency Project
You have likely heard, that it’s very important to Do Your Own Research (DYOR), but what does that exactly mean? How do you get started and what does it involve?
A complete explanation and 7-step method are explained in this article. These are the steps every serious investor should perform when deciding upon a cryptocurrency.
Richard Knight
When to Buy - Buying and Selling in Crypto Market Cycles
We have all heard to buy low and sell high, but when is the best time to purchase a cryptocurrency? Now that you have identified the right project, when is the best timing?
On a macro scale, it’s important to know the market and where it is in its cycle — Is the market in a bull or bear market? Due to the nature of the cryptocurrency markets, the price of Bitcoin dominates the market. If Bitcoin goes up, so does the rest of the market. If Bitcoin goes down, so does the rest of the market.
To help you better understand the market cycle, we have written a full article on the 4-phases of the crypto market and which cycle is the opportune time to buy and sell.
Richard Knight
Fear & Greed in the Market
As an investor, it’s also important to take into account the Fear & Greed in the cryptocurrency market. The cryptocurrency market is highly emotional, and the two greatest emotions determining the best time to buy (or sell) are greed and fear.
When greed is at its highest, it often signifies the peak of the market (and a good time to sell). When fear is at its highest, it often signifies when the price is at its lowest (and a good time to buy).
For more about the cryptocurrency fear and greed index, a have written a full article on this:
Richard Knight
Crypto Chart Patterns
Lastly, when it comes to buying, it’s important to be aware of chart patterns and how to read them. In this detailed article, we cover the 20 most common crypto chart patterns and how to read them.
Richard Knight
Conclusion
While the above coins are fantastic overall investments, they need to fit into your investing style. Some people enjoy the fast pace of day trading while others are looking for more of a long-term investment. Your investing style will to a large degree determine when and what cryptocurrency investments you should invest in.
If you are looking for a longer-term investment with massive growth potential, also known as low-cap gems, you may want to subscribe to our blog,
Learn to Profitably Invest in Low-Cap Gems
Some of the best returns ever seen within the cryptocurrency market have come from low-cap gems. In the beginning, there was only Bitcoin and if you purchased it when it was only a few dollars, this could have been considered a low-cap gem. While the opportunity to purchase Bitcoin for only a few dollars no longer exists, there is a thriving cryptocurrency market of over 10,000 actively traded cryptocurrencies - some of these are diamonds in the rough, also known as low-cap gems.
Follow us as we explore the cryptocurrency market in search of the next low-cap gem.
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