- The Columbus-5 Bombay Testnet will soon be launched and will be a major upgrade of the Terra network.
- On September 12, there will be the launching of the Cardano Smart Contract.
The crypto market is largely influenced by events, and over the past few years, some renowned platforms have gone beyond investment services to many other products like non-fungible tokens (NFTs) and Decentralized Finance (Defi). In a recent video, Lark Davis, a popular Youtuber and Crypto influencer has mentioned the top six events in September 2021 that may affect the crypto market.
According to Davis, there will be a Kusama crowdloans in September that will be one of the biggest events in the industry in the coming months.
With the next round of auctions scheduled to begin on September 1, read about sale participation in crowdloans and crowdloans processes on Kusama and @Polkadot works.
The most important aspect of this event is that people get the chance to participate in the auction, get profit, and get their Kusama back in the future. In the first round of the auction, investors made an incredible amount of profits. In the second round, there will be several contenders coming in. Which means the Polkadot ecosystem is truly coming to line with the actual parachains launching in Kusama.
According to Lark Davis, Bored Ape Yacht Club NFTs will be auctioning off on Sotheby’s, a massive auctioning house.
Bored Ape Yacht Club and Bored Ape Kennel Club have paved the way for what NFT art communities can be. Whether it’s your online identity, a shared culture, or you just want to ape in…the @BoredApeYC sale starts September 2. Details here: https://t.co/1izi5FQXNf pic.twitter.com/ZyeUuSg2yu
— Sotheby's (@Sothebys) August 30, 2021
The minimum floor price for these is 50 ETH for now. This is very important as NFTs have been making waves this year with Christie’s announcing they are going to do a big sale of art blocks.
The Columbus-5 Bombay Testnet will soon be launched and will be a major upgrade of the Terra network. Once this is completed, there will be better Interoperability, more Lunar burning, and more applications coming into the Terra network, etc.
On September 12, there will be the launching of the Cardano Smart Contract. According to Davis, there have been a lot of projects preparing to come out on Cardano.
We have seen a lot of NFT protocols, Defi protocols, etc looking to launch as soon as the Smart Contract goes live.
A lot of people will get into the platform which will push the price higher.
The Federal Reserves
September 21 and 22 will be the Federal Reserve’s meeting. There will be a tapering which will see the Federal Reserves cutting off the number of bonds that it buys each month. It may affect the crypto market as buying few bonds may cause turmoil in the equity market. This may or may not lead to a correction in the crypto market. With many institutional investors in crypto, they may exit the Bitcoin positioning and later buy the dip explains Davis.
September 27 will determine the fate of the infrastructure bill. The party leaders have pledged a $3.5 trillion budget bill and infrastructure plan after breaking the stalemate. The Infrastructure Bill contains comprehensive legislation that provides clarity to the US crypto industry. This gives legitimacy to the crypto market. Regardless, Davis believes that this bill will have a net positive impact on the crypto industry.