Top Crypto Performers Today September 5 – HNT, SATS, BSV
Major crypto prices are struggling amid elevated sell pressure following the release of mixed US economic data releases, with traders looking for quick gains instead of turning to top crypto performers today in the altcoin markets.
Bitcoin (BTC) was last trading near $57,000 and Ethereum (ETH) near $2,400, both close to recent multi-week lows.
ISM Services PMI data for August was a little better than expected. But that has been overshadowed by a worse-than-expected ADP National Employment report.
The ADP data appears to have triggered nerves that Friday’s official jobs data will be weak.
A rise in the unemployment rate in July to 4.3% triggered a recession warning called the Sahm rule.
There's a term for the sudden rise in unemployment which invariably leads to recession.
— Colin Talks Crypto
It's called the "Sahm rule".
This rule states: When the three-month moving average of the national unemployment rate is 0.5 percentage point or more above its low over the prior twelve… pic.twitter.com/WvxAMlDXtD(@ColinTCrypto) September 3, 2024
A further rise would aggravate fears a US recession is around the corner, potentially weighing on risk assets.
In this instance, major cryptos could well retest their August lows.
So amid the bearish environment, it’s no wonder then that traders are hunting for top crypto performers today in the altcoin space.
Here are some strong performers that they will be keeping and eye on.
Top Crypto Performers Today
Helium (HNT)
Wireless network DePIN token Helium (HNT) is making further progress back towards 2024 highs in the $11 area.
HNT was last up around 8% in 24 hours at $8.20, up 185% since its July lows around $2.90, per CoinMarketCap.
That makes it one of the top crypto performers today, with its market cap last around $1.3 billion.
HNT continues to experience positive commentary on social media relating to its growing network/adoption.
The @helium IOT network’s coverage slaps. Stand back, @HeliumGeek is visualizing. pic.twitter.com/ccswdGy2gk
— abhay(@abhay) September 4, 2024
It certainly ranks as one of the best DePIN coins to invest in right now.
1000SATS (SATS)
BRC-20 meme coin SATS (1000SATS) is another one of the top crypto performers today, having rallied 4% in the past 24 hours per CoinMarketCap.
1000SATS was last around $0.0003 and just above its 50MA.
The meme coin remains in a medium-term uptrend. But if broader market sentiment turns sour, this uptrend could fade.
Bitcoin SV (BSV)
Bitcoin SV (BSV) is another one of the top crypto performers today, having risen 3.0% in the past 24 hours per CoinMarketCap.
BSV was last around $46, having recently swung back above its 50DMA.
BSV bulls will be hoping that the crypto can soon retest its recent highs in the $56.50 area.
Alternative to Top Crypto Performers Today
The above-noted top crypto performers today all have the potential to 10x this bull market.
But for investors hunting for bigger returns, an alternative investment strategy to consider is presale investing.
New web3 projects often sell their native tokens at a big discount to early investors to fund development.
Presale investing is risky, as all investing in crypto is. But if investors can reliably identify high-potential projects, they stand to net massive gains.
Analysts at Cryptonews.com keep a close eye on the presale market. Here are some of their top picks right now.
19 Best Crypto Presales to Invest In Now
The post Top Crypto Performers Today September 5 – HNT, SATS, BSV appeared first on Cryptonews.
Read More
Top Crypto Performers Today September 5 – HNT, SATS, BSV
Major crypto prices are struggling amid elevated sell pressure following the release of mixed US economic data releases, with traders looking for quick gains instead of turning to top crypto performers today in the altcoin markets.
Bitcoin (BTC) was last trading near $57,000 and Ethereum (ETH) near $2,400, both close to recent multi-week lows.
ISM Services PMI data for August was a little better than expected. But that has been overshadowed by a worse-than-expected ADP National Employment report.
The ADP data appears to have triggered nerves that Friday’s official jobs data will be weak.
A rise in the unemployment rate in July to 4.3% triggered a recession warning called the Sahm rule.
There's a term for the sudden rise in unemployment which invariably leads to recession.
— Colin Talks Crypto
It's called the "Sahm rule".
This rule states: When the three-month moving average of the national unemployment rate is 0.5 percentage point or more above its low over the prior twelve… pic.twitter.com/WvxAMlDXtD
A further rise would aggravate fears a US recession is around the corner, potentially weighing on risk assets.
In this instance, major cryptos could well retest their August lows.
So amid the bearish environment, it’s no wonder then that traders are hunting for top crypto performers today in the altcoin space.
Here are some strong performers that they will be keeping and eye on.
Top Crypto Performers Today
Helium (HNT)
Wireless network DePIN token Helium (HNT) is making further progress back towards 2024 highs in the $11 area.
HNT was last up around 8% in 24 hours at $8.20, up 185% since its July lows around $2.90, per CoinMarketCap.
That makes it one of the top crypto performers today, with its market cap last around $1.3 billion.
HNT continues to experience positive commentary on social media relating to its growing network/adoption.
The @helium IOT network’s coverage slaps. Stand back, @HeliumGeek is visualizing. pic.twitter.com/ccswdGy2gk
— abhay
It certainly ranks as one of the best DePIN coins to invest in right now.
1000SATS (SATS)
BRC-20 meme coin SATS (1000SATS) is another one of the top crypto performers today, having rallied 4% in the past 24 hours per CoinMarketCap.
1000SATS was last around $0.0003 and just above its 50MA.
The meme coin remains in a medium-term uptrend. But if broader market sentiment turns sour, this uptrend could fade.
Bitcoin SV (BSV)
Bitcoin SV (BSV) is another one of the top crypto performers today, having risen 3.0% in the past 24 hours per CoinMarketCap.
BSV was last around $46, having recently swung back above its 50DMA.
BSV bulls will be hoping that the crypto can soon retest its recent highs in the $56.50 area.
Alternative to Top Crypto Performers Today
The above-noted top crypto performers today all have the potential to 10x this bull market.
But for investors hunting for bigger returns, an alternative investment strategy to consider is presale investing.
New web3 projects often sell their native tokens at a big discount to early investors to fund development.
Presale investing is risky, as all investing in crypto is. But if investors can reliably identify high-potential projects, they stand to net massive gains.
Analysts at Cryptonews.com keep a close eye on the presale market. Here are some of their top picks right now.
19 Best Crypto Presales to Invest In Now
The post Top Crypto Performers Today September 5 – HNT, SATS, BSV appeared first on Cryptonews.
Read More