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Bitcoin recently rebounded 15.31%, pushing its price back into the $60,000 range. This move has caused the market’s greed and fear index to shift from extreme fear to a more neutral position. This change in sentiment suggests that traders are becoming more confident and moving away from panic-driven decisions. As the market shows signs of stabilizing, investors are increasingly The best cryptocurrencies to invest in right nowWe strive to capitalize on potential opportunities.
The best cryptocurrencies to invest in right now
This week, Bittensor has risen 31% in value, making it one of the leaders in the top 100 cryptocurrencies. Stacks has also launched the Stacks Asia Foundation to grow its ecosystem in the Asian market. Meanwhile, the Sui platform has partnered with 3DOS, a manufacturing-focused company.
1. Vitensor (TAO)
Bittensor experienced a significant surge this week, gaining 31% in value, making it the biggest gainer among the top 100 cryptocurrencies. This recent gain can be attributed to the positive move in Nvidia Corp’s stock price, which rose 13.5% to close at $119.08 on September 13, 2023.
According to MarketWatch, NVIDIA’s market cap is now $2.92 trillion. The upward trajectory of NVIDIA stock, up 140.5% this year, has had an impact on the broader AI-focused cryptocurrency market. As NVIDIA’s market performance has improved, AI-related tokens, including TAO, have benefited from this momentum.
According to CoinGecko, the AI-crypto market cap has increased by 0.8% in the last 24 hours, reaching $23.9 billion. At the time of writing, Bittensor is ranked 34th by market cap, with a market cap of over $2.3 billion. The price has increased by 3.24% in the last 24 hours, with TAO trading at $323.88.
Moreover, market sentiment around Bittensor remains bullish, with the Fear & Greed Index showing a neutral reading of 51. Technically, TAO is trading above the 200-day simple moving average, indicating a long-term positive trend.
The coin also demonstrated strong liquidity relative to its market size, recording 18 green trading days out of the last 30, indicating continued market interest and stable trading activity.
2. Stack (STX)
Stacks aims to enhance decentralized applications (dApps) and smart contract functionality. Recently, the project launched Stacks Asia Foundation, an initiative focused on expanding the ecosystem in the Asian market. The foundation has raised $15 million from private investors, which will help support its mission to accelerate growth in the region.
The platform is seeing increased activity, highlighted by over 1,400 monthly smart contract interactions. This growth is indicative of growing interest in building dApps on Bitcoin, which has traditionally lagged behind other networks in the space. The timing of this growth is significant as Stacks approaches the completion of its Nakamoto upgrade.
This upgrade improves transaction speed and reduces settlement time, making the platform more attractive. According to the latest data, STX is trading at $1.60, which represents a slight decline of 0.64%. Despite this short-term decline, STX has experienced notable growth recently, rising 14.18% last week and 11.62% over the past 30 days.
Bitcoin L2 Stack Story Takes Over Southeast Asia 🧡🌏
Join the Stacks ecosystem and paint the world orange:
🟧 September 17, Singapore
🟧 September 20, Singapore
🟧 November 12, BangkokWith the recent announcement @StacksAsiaOrg! Check out the events below 👇 1/3. pic.twitter.com/SHrWo4pO41
— stacks.btc (@Stacks) September 14, 2024
Additionally, the token is trading above the 200-day simple moving average, suggesting strong performance relative to the long-term trend. It has recorded green days in 16 of the last 30 days, a success rate of 53%. This trend further reflects stability in a volatile market.
Meanwhile, STX’s Relative Strength Index (RSI) is currently at 37.18, in neutral territory. This suggests that the token is neither overbought nor oversold, and the market may continue to move sideways in the short term. This neutral position could help create positive market sentiment as traders look for clearer price signals.
3. Crypto All-Stars (STARS)
Crypto Allstars It has quickly gained traction in the meme coin space, raising over $1.2 million. Its rapid growth has been driven primarily by the overall popularity of meme coins and the platform’s specific focus on staking as a utility.
The project aims to unite the meme coin community on a single platform, allowing investors to participate in multiple projects while earning rewards through staking. The platform also features “MemeVault,” which allows users to stake a variety of popular meme coins, such as Pepe and Dogecoin, in one place.
This aims to streamline the staking process, reduce transaction fees, and improve overall efficiency. Additionally, the platform’s multi-chain functionality supports cross-chain transactions, giving users more flexibility when managing their assets across multiple blockchains.
Crypto All-Stars also received attention through targeted social media marketing, which resulted in a large follower base. Notably, 20% of the total token supply was set aside for marketing, indicating significant publicity following the token launch on a decentralized exchange.
To address concerns about the Initial Coin Offering (ICO), the project invested 10% of its token supply into liquidity. This move was designed to reduce rug pool risk and ensure smoother trading with lower slippage at the token launch. star It is emerging as a notable token in the meme coin space, aiming to provide investors with an integrated platform for staking and user engagement.
Visit Crypto All-Stars Pre-Sale
4. Arbitration (ARB)
Arbitrum recently announced an integration with Circle Internet Financial, the issuer of USD Coin (USDC). This partnership introduces new features for decentralized finance (DeFi) and broader Web3 development. As USDC competes for market share with other stablecoins, this integration highlights its growing presence in the DeFi ecosystem.
This collaboration adds several useful features to Arbitrum’s network, such as programmable wallets, smart contract tools, and gas fee abstraction. These innovations aim to simplify the development of decentralized applications (dApps) on the platform. They also improve the overall user experience by simplifying wallet access and reducing the complexity of global payments, e-commerce, and gaming transactions.
Meanwhile, Arbitrum has quickly established itself as a key player in the Ethereum ecosystem, with a total value locked (TVL) of approximately $2.5 billion, according to a report from DefiLlama. Arbitrum’s appeal comes largely from its ability to offer faster and more cost-effective transactions than the Ethereum main network, making it a must-have platform for developers in the DeFi space.
CoW AMM is now live on Arbitrum! 🐄
Built for MEV capture. @CoWSwap
Provider: @Balancer https://t.co/b5JX8Htu1s
— Referee (💙, ) (@referee) September 12, 2024
The platform’s native token, ARB, is currently trading at $0.5378, experiencing a slight increase of 0.88% during the day. It has also shown positive market movements, being in the green for 16 of the last 30 days. Given its market cap, ARB shows high liquidity, The best cryptocurrencies to invest in right now.
5. SUI
Sui is a notable project in the cryptocurrency market. Analysts suggest that there will be potential profits for SUI holders in the coming months. The platform stands out by combining Web3 innovations with the familiar and user-friendly interface typical of Web2 systems.
This combination allows Sui to be available to a wider audience while maintaining the advanced features expected from a decentralized system. The Sui platform recently partnered with 3DOS, a company specializing in manufacturing. This partnership focuses on creating a global decentralized network that connects users, 3D printers, and manufacturers.
The goal is to coordinate 3D printing jobs in real time across the network, ensuring efficient use of production resources. Sui acts as a central layer that synchronizes these components, enabling seamless coordination between parties. This integration between Sui and 3DOS also represents a step forward toward a concept known as “one-click manufacturing.”
We formed a team @3DOSNetwork This allows users, 3D printers, and manufacturers to create anything they can imagine.
3DOS decentralizes manufacturing, meaning anyone can send their product design to any idle manufacturer anywhere in the world. 📝 → 🌐https://t.co/coUZWEauMj
— Sui (@SuiNetwork) September 14, 2024
This decentralized network allows users to upload designs and have them manufactured anywhere in the world. Sui and 3DOS aim to streamline this process, making manufacturing more accessible and flexible.
In addition, Sui’s intuitive design and ease of use have contributed to the positive market sentiment for the project. Many believe that these factors, combined with the platform’s ability to seamlessly integrate into a variety of industries, could lead to significant price appreciation by Q4 2024.
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