Top 5 Ethereum-Based Coins to Invest $200 for Potential $2000 Gain in September

The crypto market has seen a resurgence in momentum with Bitcoin’s bullish spike and a recent challenge of the $60,000 hurdle. This development has reignited interest in the market, particularly for Ethereum and its associated coins. As August draws to a close, investors are anticipating volatility and the potential start of a bullish trend in the first half of September, setting the stage for a possible rally in Ethereum coins.

While Bitcoin has surpassed $60,000 and Ethereum fundamentals remain robust, the market value of Ether does not fully reflect these advancements. Despite Ether’s price stagnation, Ethereum coins are showing signs of rallying. Investors are advised to keep an eye on five Ethereum-based coins that are displaying buy signals, potentially triggering significant price increases in September.

The first coin to watch is OKB, which has experienced a substantial drop in supply on centralized exchanges, signaling bullish sentiment among investors. This scarcity on exchanges suggests a long-term positive outlook for the altcoin, potentially leading to a significant price increase if the overall crypto market remains bullish.

Fetch (FET) is another coin worth monitoring as its MVRV Long/Short Difference indicator has plunged into negative territory, indicating a potential turnaround and the end of a bearish trend. The recent Nvidia Earnings report has also contributed to the upward movement of Fetch, an AI and Ethereum coin.

Floki (FLOKI), an Ethereum-based meme coin, has seen a price surge due to increased network growth, indicating growing interest and participation in the coin. This uptrend in on-chain activity suggests a promising future for Floki, potentially allowing investors to capitalize on a price surge.

Lido DAO (LDO) has garnered attention from whales, with significant accumulation of tokens by large holders. This accumulation trend signals confidence in LDO’s price trajectory, hinting at a positive outlook for the coin.

As August nears its end, short-term corrections and volatility may occur, but sidelined buyers are expected to step in, maintaining the overall bullish sentiment. Investors looking to capitalize on the potential rally in Ethereum coins can consider these five options to potentially turn a $200 investment into $2,000.