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Brian Armstrong of Coinbase, a top digital asset trading platform, highlights the immense opportunities that arise from merging the crypto sector and artificial intelligence. In a related development, major exchange Bitget is set to list Hamster Kombat’s native token, HMSTR, aiming to expand the project’s global presence.
Meanwhile, Ripple Labs, known for its blockchain solutions in cross-border payments, has pointed out how local banks can leverage global payment challenges to create growth opportunities for small and medium-sized enterprises (SMEs). These developments have maintained a positive outlook among investors. Here are the five best altcoins to watch today for those looking to benefit from this optimism.
5 Best Altcoins To Watch Today
Bittensor (TAO) is attracting notable attention in cryptocurrency thanks to its integration of machine learning with blockchain technology. Recently, the decentralized finance (DeFi) network Kujira merged with key ecosystem projects to form the “Rujira Alliance,” marking an important milestone.
Meanwhile, Memebet is carving out a niche in the meme coin market by combining entertainment with utility, combining meme coins with online gambling. Additionally, Bitcoin is approaching $60,000 as consumer sentiment reaches a four-month high.
1. Bittensor (TAO)
Bittensor (TAO) has gained considerable attention in the cryptocurrency market, particularly for its blend of machine learning and blockchain technology. Over the past week, TAO has surged by 31.65%, currently trading at $318.98. This growth reflects the rising demand for decentralized AI solutions, with Bittensor being a prominent contender.
TAO’s price increased by 513% last year, outperforming 92% of the top 100 crypto assets, including Bitcoin and Ethereum. The token is trading well above its 200-day simple moving average (SMA), currently 155.81% higher than the SMA of $122.07. Additionally, it has shown strong liquidity relative to its market cap and experienced 17 green trading days in the past 30 days, indicating steady market interest.
Subnet 24 @omegalabsai is expanding AI capabilities by processing Any-to-Any for text, audio and video in the same model.
Their new Focus App incentivizes users to contribute their work activity for better model training.
Watch the full episode: https://t.co/mGlKmjPXG9 pic.twitter.com/qBd7Ig0b2F
— Openτensor Foundaτion (@opentensor) September 7, 2024
Moreover, market predictions suggest that Bittensor could see significant price growth. According to forecasts, TAO may rise by 227.83% to reach $1,029.50 by October 2024. However, the current sentiment remains neutral, reflected by technical indicators and a Fear & Greed Index score of 50.
2. THORChain (RUNE)
The recent merger of the decentralized finance (DeFi) network Kujira with key ecosystem projects into the “Rujira Alliance” marks a significant development. This alliance aims to build a new application layer for the cross-chain liquidity protocol, THORChain.
Currently, THORChain’s token (RUNE) is priced at $4.01. It has risen by 1.01% over the past 24 hours. Over the last year, the token has grown substantially, increasing by 131%. It has also outperformed 67% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Additionally, RUNE is trading 36.14% above its 200-day simple moving average (SMA) of $2.93. This positive trend is supported by strong liquidity and its listing on major exchanges, including Binance.
In the near term, the price prediction for the next week shows a possible range between $3.93 and $4.14. If it reaches the upper end, the price could increase by 5.40% by September 23, 2024. The 2024 forecast suggests that THORChain might trade between $3.87 and $10.82. Should it reach the upper limit, RUNE would see a potential increase of 169.69%.
THORWallet just got a fresh redesign with THORWallet Pro ⚡️ https://t.co/BWWsJrTYwk
— THORChain (@THORChain) September 10, 2024
Overall, the formation of the Rujira Alliance and the strong performance of THORChain highlight its growing influence in the DeFi space. However, while long-term projections are optimistic, short-term fluctuations are expected. This makes monitoring its price trends important for investors.
3. Notcoin (NOT)
Notcoin started as a popular game on Telegram, drawing many users into the web3 space. It features a simple tap-to-earn mining system, where users earn $NOT tokens by exploring web3 products, playing games, and contributing to the ecosystem’s growth. The token focuses on community involvement, offering an easy way for people to engage with web3 technology. Developers can also use Notcoin campaigns to introduce their web3 products, helping them reach a wider audience.
Currently, the price of Notcoin is $0.00782, marking a 3.30% rise in the last 24 hours. Over the past 30 days, the token has seen 15 “green days.” These are days when the closing price was higher than the opening, indicating steady growth. Moreover, Notcoin shows high liquidity in its market cap, which suggests strong market activity.
In the short term, price predictions suggest a moderate increase. By September 16, 2024, Notcoin is expected to trade between $0.00787 and $0.00829. It could continue to rise by next week, reaching $0.010554 by September 23. If it hits the upper target, this would represent a 27.32% increase.
Notcoin (NOT) on @binance Simple Earn pic.twitter.com/3TpNlkiHtN
— Notcoin (@thenotcoin) September 14, 2024
Looking further ahead, Notcoin could see significant gains by the end of 2024. Forecasts predict a potential high of $0.036956, reflecting a 373.52% increase from current levels. With its community-driven model and easy engagement with Web3, Notcoin is an interesting project in the rapidly changing digital space.
4. Telcoin (TEL)
Telcoin (TEL) is the native currency, reserve asset, and protocol token for the Telcoin platform. This decentralized financial network is designed to give users ownership of financial products. TEL enables seamless access to decentralized services such as payments and asset management. It also incentivizes telecom providers and active users to add value to the ecosystem.
The platform aims to provide mobile phone users with globally affordable, user-owned financial services. As of September 14, 2024, Telcoin’s price is $0.001597. The price has increased by 30.06% in the last 24 hours and 61% over the past year, positioning TEL ahead of 51% of the top 100 cryptocurrencies over the same period.
As #MobileMoney continues to grow, solutions that connect it with emerging technologies offer enormous growth potential.#Telcoin is building the #blockchain architecture necessary to support affordable #remittances to mobile money platforms around the globe – and much more. pic.twitter.com/BK9drNmteR
— Telcoin (@telcoin) September 13, 2024
Additionally, Telcoin experienced price increases in 40% of the last 30 days, with an average volatility of 9.64%. Despite this fluctuation, current market sentiment is neutral, although 19 technical indicators indicate a bullish trend.
5. Memebet ($MEMEBET)
Memebet is positioning itself within the meme coin sector by offering a mix of entertainment and utility, combining meme coins with online gambling. The project’s key feature, the “Memebet Casino,” enables users to gamble on various games using meme coins. Notably, the casino operates on Telegram and allows users to play without completing any KYC (Know Your Customer) processes. Players can connect their crypto wallets and begin betting immediately.
The platform includes thousands of crypto-native games and a global sportsbook, offering betting options on major sports leagues like the EPL and NBA. This mix of crypto gambling and meme coin trading reflects Memebet’s strategy to tap into the growing crypto casino market and Telegram’s large user base, particularly those interested in meme coins.
Though still in its early stages, Memebet offers several incentives to attract users, including play-to-earn (P2E) airdrops, rewards for more adventurous gamblers, and VIP perks for holders of its native token, $MEMEBET. The price of $MEMEBET is anticipated to increase as interest in the platform grows, with the token currently priced at $0.0251.
Fill your bags or sink.
Buy now 👇 https://t.co/cY4p8PqXzg pic.twitter.com/c0sXK0xriQ
— MemeBet (@Memebetcasino) September 11, 2024
A price increase is expected in just over two days, potentially offering an investment opportunity for early adopters. So far, the project has raised $224,000. While it is still developing, its focus on the intersection of crypto gambling and meme coin trading could provide room for future growth.
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