![Be[in]Crypto Presents Its Top Seven Altcoin Picks for Sept](https://crypto.newswireservice.net/wp-content/uploads/2022/09/Ethereum-ETH2.0-Staking.jpg.optimal.jpg)
Be[In]Crypto looks at seven altcoins that show promise for Sept and the developments surrounding their respective projects.
Ethereum (ETH)
Ranked by its market capitalization, Ethereum is the second largest cryptocurrency, trailing only Bitcoin (BTC). It allows users to build decentralized applications (dApps) on its blockchain. Furthermore, it facilitates smart contracts and allows for NFT transactions. Its native token is ETH.
Until now, Ethereum has utilized a proof-of-work consensus. This will all change on Sept 15, when Ethereum will transition to a proof-of-stake consensus. This is likely the most anticipated event of the year.
This update will set the stage for future upgrades on scalability, including but not limited to sharding. Additionally, it is possible that the upgrade will cause ETH to become deflationary after the merge.
After generating bullish divergence, ETH broke out from a descending resistance line. Now, the closest resistance area would be between $1,650 and $1,725.
BEAM (BEAM)
BEAM is a decentralized finance (DeFi) platform that prioritizes anonymity. It runs on a combination of two blockchain protocols, LelantusMW and MimbleWimble. BEAM supports various types of transactions, such as atomic swaps and escrows.
The BEAM hard fork is expected to execute at block height 1,920,000 on Sept 2.
BEAM has been increasing alongside an ascending support line since May 12. While following this line, it bounced sharply on July 13, reaching a high of $0.33 the same day.
However, BEAM was rejected by the $0.275 area and has been decreasing since. As a result, it has nearly reached this support line once more.
Nevertheless, the bullish structure remains intact as long as the support line is in place.
Axie Infinity (AXS)
Axie Infinity (AXS) is the native token of the play-to-earn game Axie Infinity. It is used in breeding and given as a reward for winning tournaments and achieving high rankings.
Axiecon Barcelona will be held between Sept 7…
