The crypto space has historically had a poor month in September. Bitcoin is down by 8% as I am writing tis article.Over the past fifty years, the Dow Jones Industrial Average (DJIA) has declined on average by 0.8% during September, while the S&P 500 has declined on average by 0.5%.
Unlike U.S. stocks, most worldwide markets are affected by the September effect. A number of analysts believe that decline in markets can be attributed to seasonal behavioral bias as investors change their portfolios to pay off summer investments.
Hence the same with 2021,and the dump we’re witnessing live. But nothing to worry about.Several projects have significant updates coming up which will bring a lot of positive news to space.
Some of the key notes coming in the fourth quarter are are:
- BTC Taproot. OG bitcoin will get its first major update in four years and one of the most significant updates in the crypto space. This protocol on Bitcoin will receive a significant privacy update with this update. Transactions on the L2 network, such as lightning, will not be indistinguishable from those on the chain. Smart contracts can also be used for other purposes.
- Polkadot: Following the Kusama parachain auctions, Polkadot is likely to begin its own auction in Q4 of this year. This is another step in the dot ecosystem’s goal to bring chains together.
- Token HYVE: The HYVE token will launch its mainnet in October in an effort to bring the world of decentralisation to workers and freelancers. 0% commission and crypto payments has the potential to shake up the entire industry. This could also serve as a great tool for connecting the workforce around the world and spreading the word about crypto.
- Cardano:The Cardano ecosystem is expanding with the launch of smart contacts, and Q4 will see several big projects being launched on the network, including Sundaeswap, ADAX and many more. The future looks bright for Cardano.