September is traditionally not the best month for bitcoin (BTC) investors. Earlier, Kraken analysts conducted a study, according to which the cryptocurrency often sees fall in prices. Following the coin, other capitalization leaders also often fall.
On the last day of September, the BeInCrypto editorial team decided to find out whether Bitcoin and other popular cryptocurrencies met the expectations of experts.
The Kraken team analyzed the behavior of BTC over a full nine years and several months of 2020.
Analysis indicates that historically September is the worst month for Bitcoin. At the same time, after him – in October – a digital asset, as statistics show, most often goes into growth.
In order to understand whether Bitcoin has departed from the expected scenario, the BeInCrypto editors compared the rate of BTC and other capitalization leaders as of the 1st and 30th of the month.
It turns out that the only cryptocurrency among the leaders of capitalization, on which investors could make money in September, is Binance Coin. Holders of Bitcoin, Bircoin SV and Crypto.com Coin suffered minimal losses. Investors Chainlink, Polkadot and Litecoin were hit hardest in September.
Another cryptocurrency, to which the eyes of many investors were riveted in September, is the Uniswap decentralized exchange (UNI) token. The coin was born only on September 17th. Despite the short lifespan of the token, many investors managed to make money with it.
According to some reports, the local maximum of the cryptocurrency was recorded on September 19 at $7.14. At the time of this writing, UNI is trading at $4.05 (according to CoinMarketCap). At the same time, the minimum value of the token is fixed at $2.87 (CoinMarketCap). It turns out that the growth of the cryptocurrency in September was 41%.
While some members of the crypto community are sad about the lost profit, others prefer to find positive moments. Find out what memes digital asset investors laughed at last week from our resource.