Top analyst Lark Davis shares with his subscribers the top 6 crypto events that are happening and would act as explosive price catalysts in September.
Kusama Crowdloan
The first event in September is the Kusama crowdloan. This is the second round of auctions that are scheduled to begin on September 1st.
According to the trader, the first set auction that happened on Kusama has delivered incredible results. For example, Moonriver has experienced massive growth and returned 12x for investors.
“The craziest thing about that is at the end of the bonding period, you get your Kusama back. So you get to have these massive profits from getting into the auction and then you get your KSM back in the future,”
He adds:
“An incredible amount of money has been made by investors in the first round of auctions where we saw major players like Moonbeam launch Moonriver or Acala launch Karura.”
Bored Ape Yacht Club NFT
The Bored Ape Yacht Club NFT will be auctioned off over at Sotheby’s. As from Davis, Sotheby’s is one of the biggest names in the business selling NFT.
In particular, Sotheby’s is hosting a dedicated, two-lot online sale of nonfungible tokens of Bored Ape Yacht Club, a series of computer-generated monkey-themed avatars, from September 2nd, which is expected to fetch between US$13.5 million and US$20 million.
Meanwhile, on Saturday, the BAYC introduced a new batch of 10,000 Mutant Apes NFTs and sold out in an hour to reap a total of US$93 million. Curry reportedly paid US$180,000 for one of them.
Bored Ape Yacht Club NFTs have become one of the most popular digital collectibles, on par with Cryptopunks, a series of pixelated characters that were randomly generated through algorithms created in June 2017 by software developers Matt Hall and John Watkinson.
Columbus 5 Terra
“Columbus-5 to Terra is what London Hardfork and EIP-1559 is to Ethereum. It is safe to say Terra sees integration as its roadmap to reaching the mainstream,”
After the launch of Columbus-5, LUNA stakers should see staking rewards grow. As UST adoption grows and LUNA burns, the value of LUNA will increase, and, therefore, LUNA staking rewards will scale with it.
Cardano Alonzon rollout
The smart contract update will take place in the Cardano Alonzo hard fork, which IOHK has confirmed will happen on September 12th. The testnet hard fork will occur a couple of weeks before, commencing from September 1.
“Cardano’s Alonzo update brings the network much closer to its full capabilities.”
The Alonzo hard fork is a major upgrade on the Cardano network that sees the much-anticipated implementation of smart contract functionality. Smart contracts are pieces of computer code that automatically execute when certain predefined conditions are met. After the Alonzo update, anyone will be able to create and deploy their own smart contracts on the Cardano blockchain, paving the way for native decentralized applications.
Federal Reserve meeting
The Federal Reserve meeting is happening on September 21-22. In particular, Federal Reserve Chairman Jerome Powell indicated that the central bank is likely to begin withdrawing some of its easy-money policies before the end of the year, though he still sees interest rate hikes off in the distance.
“That means the Fed likely will begin cutting the amount of bonds it buys each month before the end of the year, so long as economic progress continues. Based on statements from other central bank officials, a tapering announcement could come as soon as the Fed’s Sept. 21-22 meeting,”
Infrastructure bill
After centrists threatened to derail Democrats’ economic agenda by pushing for swift approval of the Senate-passed infrastructure plan, party leaders pledged to vote on it by September 27th.
“The measure includes a nonbinding commitment to vote on the infrastructure bill by Sept. 27, which aims to appease nine centrist Democrats who pushed the House to consider the bipartisan plan before it took up the Democratic budget resolution. The vote also advances a sweeping voting rights bill, which Democrats aim to pass as soon as Tuesday.”