Ethereum

Based

bullish

Lido DAO

Bitcoin

<img decoding="async" width="1200" height="789" src="https://coingape.com/wp-content/uploads/2024/03/ethereum-new_11zon-e1713515823217.jpg" class="attachment-full size-full wp-post-image" alt="5 Ethereum Based Coins to Buy to Turn $200 to $2000 in September" style="float:right; margin:0 0 10px 10px;">
With Bitcoin (BTC) price surging past $60,000, crypto markets have regained momentum. If this BTC rally sustains, these 5 Ethereum coins could soar due to their strong fundamentals, allowing investors to turn $200 to $2,000. While August caused a lot of pain to the crypto markets due to the corrections, investors can expect September to be slightly bullish, allowing ETH coins to rally.
<h2 id="strong-5-ethereum-based-coins-to-buy-in-september-strong">5 Ethereum based Coins To Buy In September</h2>
Although Bitcoin price has <a href="https://coingape.com/why-bitcoin-price-may-breakout-in-october-2024/" rel="noopener noreferrer nofollow">cleared $60,000</a> and Ethereum <a href="https://coingape.com/markets/can-ethereum-price-hit-5000-as-staked-eth-hits-ath/" rel="noopener noreferrer nofollow">fundamentals are strong</a>, Ether’s market value does not correspond to the developments. While Ether price fails to move, ETH coins are rallying. So, investors must watch these 5 Ethereum based coins flashing buy signals that could trigger an exponential rally in September, turning $200 to $2,000.&nbsp;
<ol>
 <li style="font-weight: 400;" aria-level="1">OKB (OKB)</li>
 <li style="font-weight: 400;" aria-level="1">Fetch (FET)&nbsp;</li>
 <li style="font-weight: 400;" aria-level="1">Floki (FLOKI)</li>
 <li style="font-weight: 400;" aria-level="1">Shiba Inu (SHIB)&nbsp;</li>
 <li style="font-weight: 400;" aria-level="1">Lido DAO (LDO)</li>
</ol>
<h3 id="strong-okb-okb-on-exchanges-plummet-strong">OKB (OKB) on Exchanges Plummet</h3>
According to <a rel="noopener noreferrer nofollow" href="https://insights.santiment.net/">Santiment</a>, the total supply of OKB held on centralized exchanges has dropped by 252% since March. This sudden drop in the supply of OKB on centralized platforms is considered bullish for the crypto. A lack of tokens on exchanges suggests that investors are confident in the long-term performance of the <a href="https://coingape.com/best-altcoins/" rel="noopener noreferrer nofollow">altcoin</a> and do not plan on selling their holdings anytime soon. This bullish outlook is why investors can expect OKB, an Ethereum coin, to trigger a massive run-up should the crypto market retain its bullish outlook. Such an opportunity would allow investors to turn $200 to $2,000.
<figure id="attachment_214231" aria-describedby="caption-attachment-214231" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-214231 size-full" src="https://coingape.com/wp-content/uploads/2024/08/OKB-OKB-13.37.24-27-Aug-2024-Large.jpeg" alt="Ethereum Coin OKB Supply on Exchanges" width="1280" height="433" srcset="https://coingape.com/wp-content/uploads/2024/08/OKB-OKB-13.37.24-27-Aug-2024-Large.jpeg 1280w, https://coingape.com/wp-content/uploads/2024/08/OKB-OKB-13.37.24-27-Aug-2024-Large-300x101.jpeg 300w, https://coingape.com/wp-content/uploads/2024/08/OKB-OKB-13.37.24-27-Aug-2024-Large-1224x414.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/08/OKB-OKB-13.37.24-27-Aug-2024-Large-768x260.jpeg 768w, https://coingape.com/wp-content/uploads/2024/08/OKB-OKB-13.37.24-27-Aug-2024-Large-150x51.jpeg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-214231" class="wp-caption-text">
 OKB Supply on Exchanges
 </figcaption>
</figure>
<h3 id="strong-fetch-fet-signals-long-term-bottom-formation-strong">Fetch (FET) Signals Long-term Bottom Formation</h3>
Based on Santiment data, the MVRV Long/Short Difference for the AI token Fetch hovers around -16%, deep in the negative territory. This indicator is obtained by calculating the difference between the 365-day and 30-day MVRV ratios. Extremely negative values are often considered potential reversal zones and the end of the bear market. Considering this, investors can expect the Fetch (FET), which is both an AI and Ethereum coin, to move higher.
Furthermore, the <a href="https://coingape.com/markets/can-fetch-ai-price-hit-2-as-fet-whales-go-on-buying-spree-ahead-of-nvidia-earnings/" rel="noopener noreferrer nofollow">Nvidia Earnings report</a> on August 28 will also be a key driver of this Ethereum coin to rally higher.&nbsp;
<figure id="attachment_214233" aria-describedby="caption-attachment-214233" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-214233" src="https://coingape.com/wp-content/uploads/2024/08/Fetch-FET-13.38.20-27-Aug-2024-Large.jpeg" alt="FET MVRV Long/Short Difference" width="1280" height="433" srcset="https://coingape.com/wp-content/uploads/2024/08/Fetch-FET-13.38.20-27-Aug-2024-Large.jpeg 1280w, https://coingape.com/wp-content/uploads/2024/08/Fetch-FET-13.38.20-27-Aug-2024-Large-300x101.jpeg 300w, https://coingape.com/wp-content/uploads/2024/08/Fetch-FET-13.38.20-27-Aug-2024-Large-1224x414.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/08/Fetch-FET-13.38.20-27-Aug-2024-Large-768x260.jpeg 768w, https://coingape.com/wp-content/uploads/2024/08/Fetch-FET-13.38.20-27-Aug-2024-Large-150x51.jpeg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-214233" class="wp-caption-text">
 FET MVRV Long/Short Difference
 </figcaption>
</figure>
<h3 id="strong-floki-floki-fundamentals-improve-strong">Floki (FLOKI) Fundamentals Improve</h3>
The recent uptick in crypto markets has caused this Ethereum-based meme coin Floki (FLOKI) price to increase. On-chain data shows that the network growth for FLOKI has spiked, indicating that new addresses, aka capital, are joining the meme coin network. This outlook adds credence with an increase in the daily active addresses, noting a bullish future ahead for this crypto.
This optimistic outlook could propel Floki price to soar higher, allowing investors to turn $200 to $2,000.&nbsp;
<figure id="attachment_214232" aria-describedby="caption-attachment-214232" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-214232 size-full" src="https://coingape.com/wp-content/uploads/2024/08/Floki-on-Ethereum-FLOKI-13.39.43-27-Aug-2024-Large.jpeg" alt="Ethereum Coin FLOKI Network Growth, Daily Active Addresses" width="1280" height="433" srcset="https://coingape.com/wp-content/uploads/2024/08/Floki-on-Ethereum-FLOKI-13.39.43-27-Aug-2024-Large.jpeg 1280w, https://coingape.com/wp-content/uploads/2024/08/Floki-on-Ethereum-FLOKI-13.39.43-27-Aug-2024-Large-300x101.jpeg 300w, https://coingape.com/wp-content/uploads/2024/08/Floki-on-Ethereum-FLOKI-13.39.43-27-Aug-2024-Large-1224x414.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/08/Floki-on-Ethereum-FLOKI-13.39.43-27-Aug-2024-Large-768x260.jpeg 768w, https://coingape.com/wp-content/uploads/2024/08/Floki-on-Ethereum-FLOKI-13.39.43-27-Aug-2024-Large-150x51.jpeg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-214232" class="wp-caption-text">
 FLOKI Network Growth, Daily Active Addresses
 </figcaption>
</figure>
<h3 id="strong-lido-dao-ldo-could-be-community-favorite-again-strong">Lido DAO (LDO) Could be Community Favorite Again</h3>
In the 2021 and 2022 crypto market bull run, Lido DAO (LDO) was a favorite among many investors due to its volatility and utility. As a result, LDO market value increased by 900% between mid-2022 and early 2024. Based on onc-chain data, whales have been sizing up LDO in the past few weeks.&nbsp;
Since July 29, whales holding between 10,000 to 100,000 and 100,000 to 1,000,000&nbsp; LDO tokens have done nothing but accumulate. The first cohort increased their stack by 2 million LDO while the second by 10 million. This trend shows how bullish these whales are and their expectations from LDO price.&nbsp;
<figure id="attachment_214234" aria-describedby="caption-attachment-214234" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-214234 size-full" src="https://coingape.com/wp-content/uploads/2024/08/Lido-DAO-Token-LDO-13.40.30-27-Aug-2024.png" alt="Ethereum Coin LDO Supply Distribution" width="3840" height="1300" srcset="https://coingape.com/wp-content/uploads/2024/08/Lido-DAO-Token-LDO-13.40.30-27-Aug-2024.png 3840w, https://coingape.com/wp-content/uploads/2024/08/Lido-DAO-Token-LDO-13.40.30-27-Aug-2024-300x102.png 300w, https://coingape.com/wp-content/uploads/2024/08/Lido-DAO-Token-LDO-13.40.30-27-Aug-2024-1224x414.png 1224w, https://coingape.com/wp-content/uploads/2024/08/Lido-DAO-Token-LDO-13.40.30-27-Aug-2024-768x260.png 768w, https://coingape.com/wp-content/uploads/2024/08/Lido-DAO-Token-LDO-13.40.30-27-Aug-2024-1536x520.png 1536w, https://coingape.com/wp-content/uploads/2024/08/Lido-DAO-Token-LDO-13.40.30-27-Aug-2024-2048x693.png 2048w, https://coingape.com/wp-content/uploads/2024/08/Lido-DAO-Token-LDO-13.40.30-27-Aug-2024-150x51.png 150w" sizes="(max-width: 3840px) 100vw, 3840px">
 <figcaption id="caption-attachment-214234" class="wp-caption-text">
 LDO Supply Distribution&nbsp;
 </figcaption>
</figure>
The end of August could bring volatility and short-term correction, but the sidelined buyers will likely step in and retain the ongoing bullish outlook. Investors could speculate on these 5 Ethereum coins to turn their $200 to $2000.&nbsp;
The post <a href="https://coingape.com/markets/5-ethereum-based-coins-to-buy-to-turn-200-to-2000-in-september/" rel="noopener noreferrer nofollow">5 Ethereum Based Coins to Buy to Turn $200 to $2000 in September</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

5 Ethereum Based Coins to Buy to Turn $200 to $2000 in September

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