5 Solana Rivals to Transform $100 to $1000 this September

Solana price rejection at the hands of the 200-day Exponential moving, led to 1.3% pullback. Currently, SOL trades at $137 today. Historical data shows data that Solana’s average September return for the past five years is 0.97%. As a result, investors could branch out and look for Solana rivals for better yields.

Solana Rivals That Could Turn $100 to $1000 in September

Here are 5 SOL rivals or competitors that could perform well in September, allowing investors to turn $100 to $1,000. 

1. Toncoin (TON)
2. Avalanche (AVAX)
3. Kaspa (KAS)
4. Hedera (HBAR)
5. SUI

Toncoin (TON)

TON, the cryptocurrency related to the messaging app Telegram, is regaining investors’ attention amid the increasing popularity of its tap-to-earn. The leading crypto exchange Binance recently announced Launchpool for two telegram games’ Hamster Kombat and Catizen. With these games attracting more users, TON could experience a notable increase in demand.

Moreover, the Total volume locked in TON witnessed a notable spike from $317 Million to $405 Million— a 27% increase in a fortnight, according to DeFiLlama. This growth highlights increasing investor confidence in the Toncoin ecosystem and suggests heightened adoption of TON’s DeFi applications.

Avalanche (AVAX)

The Avalanche price prediction showed a bullish reversal from $20.48 to $25.35— a 23.7% rise within two weeks. This upswing marks a new higher low formation in the daily chart, indicating an initial change in market sentiment from selling on rallies to buying on dips.

Moreover, the total addresses with AVAX balance have seen a steep growth since August 2021, reaching a peak of 8.85 Million, accentuating the growing user base and adoption.

Kaspa (KAS)

Among the Solana Rivals, the Kaspa coin has shown a high momentum reversal from combined support of a 200-day Exponential moving average and an ascending trendline. The bullish turnaround uplifted the asset from $0.14 to $0.17, according to a 22.7% jump.

Furthermore, the KAS futures open interest showcased a positive trend since October 2023 to stabilize at $71.8 M, according to Coinglass data. The rising OI highlights increasing investors’ interest and expectations for a notable price movement.

Hedera (HBAR)

The correction trend in Hedera price has started to stabilize at $0.45 support. Contrary to other Solana Rivals, the HBAR price shows a famous bullish reversal double bottom pattern in the daily time frame chart. 

If the pattern holds true, the Hedera coin could rise 20% before challenging the neckline resistance at $0.062. Moreover, the HBAR OI-weighted funding spike to 0.01% indicates that buyers are willing to buy premiums and hold a long position in this asset.

SUI

SUI, the layer-1 cryptocurrency, witnessed an accelerated bullish momentum following the launch of the Grayscale SUI Trust. This new trust offers accredited investors exposure to SUI without the need to buy or securely store the tokens themselves.

Amid this development, the SUI price surged to $1.02, registering a 15% weekly growth. Moreover, the TVL in SUI spiked to $700 Million, highlighting increased trust and participation within the Sui ecosystem.

For detailed prediction, check out our top layer 1 crypto article.

Frequently Asked Questions (FAQs)

1. Can Solana rivals outperform in market correction?

Yes, Solana rivals like Toncoin (TON), Avalanche (AVAX), Kaspa (KAS), Hedera (HBAR), and SUI show strong potential for significant gains this month

2. Why is Toncoin (TON) gaining attention?

Toncoin is regaining attention due to the popularity of its tap-to-earn feature and the Binance Launchpool for Hamster Kombat and Catizen, which is expected to increase demand as more users engage with Telegram's ecosystem

3. How has Kaspa (KAS) performed recently?

Kaspa has shown a 22.7% price jump due to a bullish reversal supported by the 200-day Exponential Moving Average and an ascending trendline