September has been an interesting month this year and has brought with it a bit of uncertainty in the market. With many expecting a dip but only for the market to provide a new set of options.
Bitcoin has struggled around the $US50,000 mark but that hasn't stopped other projects from surging a head mostly Ethereum going on one of their most spectacular bull runs to date with 400% increase since its lowest point this year.
But today we're having a quick look at three other projects to keep your eyes peeled for and their changes which are sure to secure significant investors and revolutionise the way block chains operate.
Solana
Solana recently rose to 7th position knocking out dodgecoin which has made Elon Musk a little upset with the the slaughter of the memecoin. No doubt Elon most likely bought in cheap as chips and is hoping for it to hit $US1 so he can make a quick quid. If you're following at home kiddos don't follow Elon his not the sharpest tool in the shed despite putting a Tesla on a rocket and sending it out to space.
His not the only one to do this, Dom Torretto recently did it with an older model car in fast and the furious 9. Except he had people in it 🤣 you can read Elons spat Here
The interesting changes with Solana is its NFT and Decentralised Finance upgrades brought on by smart contracts and the Proof of History and Proof of Stake Networks high speeds of 50,000 Transactions per second for cheap.
Solana has also recently completed a new stable coin fund raise for their token UXD. This is another revolutionary product because it is not tied to real world assets but uses algorithms. Solana is new to this space but they're not the first to do this Luna has already got this operational for the TerraUST but more on that soon.
Solana is going to moon and I can easily see it taking 5th spot, with Binance struggling to grow in this bull run no doubt we can probably see Solana knock out BNB also. You can read more about the stable coin and upgrade Here
Cardono (ADA)
September 12 is a key date for ADA as Its Alonzo smart contracts upgrade takes affect on its mainnet. At current ADA launched their smart contracts upgrade on their testnet to trial the upgrade with great success.
It is reported to be on schedule for a full launch on September 12 and developers have been working away at bringing NFTs and Decentralised Finance to the block chain.
Created by one of the founders of Ethereum it is regarded as a safe bet but anything can happen in the cryptoshphere so it is anyone's game at this stage. Where I like ADA I am not fully across what it will provide differently to the cryptoshphere besides what is already available and on Ethereum.
With ADA's high circulating supply it has a long way to go before it can become a deflationary investment token which seems to be the craze at current with investors wanting to see their investments grow. It hard to do that with a token that has a large supply. But still a token to watch out for as we fast approach September 12. You can read more Here
Luna (Terra Network)
Now this is one that I believe is a sleeping giant, like Solana it is already a head of the game with its current stable coin which works with an algorithm backed by e-commerce and enables trading of stocks through mirror finance.
It also has an arbitrary process inbuilt like Hive does. When stable coin begins to unpeg you can trade it for Luna and vice versa for a profit such as HBD and Hive. Except where Hive makes you wait 3.5 days Luna does it instantly.
Colombus 5 Upgrade
This upgrade is MASSIVE in the fact that it creates a deflationary coin and a few other revolutionary changes that enhance cryptocurrency and move it closer to mainstream adoption which Luna has already achieved. You are already able to use a pay app in Asia to purchase items with its stable coin and the plathora of Asian currencies it provides as divs which even got Thailand in a buckle as no one had known but Luna provides Baht named THT on the platform. the actual currency of Thailand and people have been using Luna to make purchases with no one the wiser. You can read more Here
The colombus 5 upgrade will make all seigniorage created BURNED. Which will reduce the amount of Luna in circulation and over time hopefully a great investment choice.
Colombus 5 upgrade also is smooth with easy to build on code for developers. Never before seen advancements is delivering Luna a must hold asset in the cryptoshphere.
With interest rates on its stable coin at 19.47% on the Anchor platform it is a lucrative and safe investment which also provides INSURANCE so never lose your cash in a dip again! Also roll outs of Decentralised finance, Decentralised exchanges and NFTs are coming with this proof of Stake cheap and fast network.
You can read more about the Colombus 5 upgrade Here noting it has been delayed by 3 weeks.
Luna is already a beast but these changes are going to see the Terra Network dominate in the next 12 months easily.
Luna isn't currently readily available on all platforms only recently being listed on Binance and Coinbase only lists its stable coin. No doubt we can probably see coinbase launch some form form of staking it's stable coin and taking some of those juicy interest rates similar to other tokens.
It's also important to note that Cololbus 5 upgrade will launch with Cosomos which will take block chain interoperability to an all new level.
Luna is my tip on the future.
*None of this is financial advice, invest at your own risk. Images sources provided supplemented by Canva Pro Subscription
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