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Michael van de Poppe, a well-known crypto analyst, recently shared his thoughts on the altcoin market. He believes that the altcoin season is slowly beginning to take shape. In a recent post on X, he observed that many altcoins are showing an upward trend, with several digital assets experiencing daily price increases.
He further suggests that the current bullish momentum in the altcoin market could grow stronger. According to his analysis, this period might signal an improved market outlook for altcoins. Following this, many investors feel optimistic about the potential gains and actively seek the best cryptocurrencies to invest in right now. This sentiment is driven by the belief that the market may continue to strengthen in the coming months, presenting growth opportunities.
Best Cryptocurrencies to Invest in Right Now
Worldcoin recently broadened its scope by integrating with the Solana blockchain to improve user verification processes. Meanwhile, Memebet, a new project merging the popularity of meme coins with the online casino sector, has quickly garnered attention by raising $244,000 in its presale. The AI-driven cryptocurrency market has also grown substantially, with tokens such as Artificial Superintelligence Alliance (FET) emerging as top tokens.
1. Beam (BEAM)
Beam is a blockchain-based platform designed to connect gamers and developers to drive innovation in the gaming industry. At its core is the Beam SDK, a software toolkit that gives game developers various options to incorporate blockchain features into their games.
This flexibility allows developers to customize how blockchain technology is used within the game, tailoring it to their needs. The Beam token, currently valued at $0.01478, has shown a promising 2.98% increase over the last day. Over the past 30 days, the token has seen 17 green days, or periods of price growth, accounting for 57% of the time.
Moreover, this consistent upward trend suggests a strong and positive market presence for the token. Furthermore, the token’s liquidity is robust, exceeding its market cap, and it is actively traded on major exchanges, including Binance. Notably, trading volume has surged by 81.30%, reaching $22 million, further reinforcing the token’s market strength.
Beam also saw significant movement in trading volume on the Upbit exchange, where activity spiked by 242.54% over four hours, jumping from $35 million to $122 million. However, on Binance, the volume for BEAM decreased by 39.80% during the same time, falling from $6 million to $4 million. This shift highlights varying interest levels in different markets but suggests increased engagement with the token.
2. Worldcoin (WLD)
Worldcoin is notable for its approach to identity verification. It uses advanced biometric technology to create unique digital identities, referred to as World IDs. These World IDs are designed as “global digital passports” for a future increasingly shaped by artificial intelligence and digital interactions.
Recently, Worldcoin expanded its reach by integrating with the Solana blockchain, focusing on enhancing user verification. This move was facilitated by Wormhole, an interoperability protocol that bridged World ID’s state roots (snapshots of essential data) from Ethereum to Solana.
This integration aims to provide Solana-based projects with a tool to mitigate spam and bot-related issues, which are prevalent due to Solana’s low transaction fees. World IDs could serve as a deterrent to spam and Sybil attacks, offering a layer of verification for the network.
Despite legal and privacy concerns around biometric identity verification, this integration highlights how Worldcoin’s technology can address real-world challenges. For Solana, which often deals with high bot activity, World ID presents a potential solution for reducing these issues.
Big day for AI. Big day for humans.@wormhole brings World ID to @solana 🫡 pic.twitter.com/LQYJLHg0gS
— Worldcoin (@worldcoin) September 13, 2024
Meanwhile, Worldcoin’s native token (WLD) saw a price increase of over 7% after the announcement. Currently, WLD trades at $1.47, reflecting an intraday gain of 1.91%. With 16 green days in the past 30, the token shows relatively high liquidity for its market cap.
This integration may also reinforce Worldcoin’s broader goal of providing universal access to the digital economy. The system is also built to accommodate future upgrades, further boosting potential confidence in the project.
3. Artificial Superintelligence Alliance (FET)
The AI cryptocurrency sector has grown significantly, with tokens like Artificial Superintelligence Alliance (FET) leading the charge. Over the past week, FET’s price surged by 2.09%, reaching $1.3. This growth has contributed to increased activity within the AI-focused crypto market.
FET’s recent rally is attributed to its breakout above long-term trendline resistance, indicating strong bullish momentum. Large transactions and whale activities have supported this upward movement, with a notable trading volume of $56.14 million contributing to an 11% gain on September 10.
Although FET trades below $1.5, technical analysis suggests further potential growth. The token may break past the 200-day Exponential Moving Average (EMA) in the near term, signaling the start of a new bullish phase.
Cudos is at the forefront of building decentralized infrastructure for the future of AI development
By integrating cloud computing with blockchain, @CUDOS_ ensures that AI systems are powered by a network of decentralized, global resources, rather than being controlled by a few… pic.twitter.com/4RxekxkxPR
— Artificial Superintelligence Alliance (@ASI_Alliance) September 16, 2024
In addition to its price performance, Artificial Superintelligence Alliance has proposed integrating CUDOS, a distributed AI computing leader, into its ecosystem. The proposal is for a community vote from September 19 to September 24, 2024.
If the integration is approved, the CUDOS token (CUDOS) will merge with FET, creating a unified network under one ecosystem. This merger aims to enhance the Alliance’s capabilities by combining resources and technologies, improving the development of large-scale AI and machine learning applications.
4. Cardano (ADA)
Cardano is a prominent blockchain known for using a proof-of-stake (PoS) consensus mechanism, which contrasts with Bitcoin’s energy-intensive proof-of-work (PoW) system. Cardano stands out by applying a peer-reviewed research process to its technology development. This approach allows for external validation of ideas, which, according to the team, ensures the blockchain’s durability and stability by addressing potential issues before they arise.
In recent news, EMURGO, a blockchain firm promoting Cardano’s commercial adoption, has partnered with Zilliqa Group, specializing in Web3 and metaverse projects in luxury and entertainment. This partnership aims to enhance interoperability between the Cardano and Zilliqa ecosystems, which could lead to more integrated and secure transactions across the two platforms. The collaboration will also involve the creation of interoperable liquidity channels, facilitating smoother user experiences across both networks.
EMURGO will contribute its expertise in Web3 technologies, including stablecoins and wallet infrastructure, to help tokenize luxury assets on Zilliqa’s platform. This move aligns with Cardano’s broader goal of expanding its influence across different sectors.
Furthermore, the Cardano team has planned a significant upgrade called Leios, set to be released in Q4 2024. This upgrade is expected to improve transaction speeds, potentially surpassing competitors like Solana while maintaining the network’s decentralized nature.
Moreover, Leios is part of a larger roadmap that includes other solutions like Hydra and sidechains, aiming to improve Cardano’s scalability and efficiency. Cardano’s focus on academic rigor, sustainability, and strategic partnerships reflects its efforts to create a long-term, reliable blockchain infrastructure.
5. Memebet (MEMEBET)
Memebet is a newly launched project that combines the growing meme coin trend with the online casino industry. Its presale has raised $244,000 quickly, indicating interest in the concept. The token is the backbone of a betting platform integrated with Telegram, allowing users to place wagers using well-known meme cryptocurrencies.
The platform operates entirely within the Telegram app, appealing to a specific audience—meme coin holders, Telegram trading bot users, and those interested in online gambling. Users can make deposits and withdrawals using popular meme coins such as Pepe, Dogewithhat, Shiba Inu, and Bonk. With blockchain technology supporting the system, transactions are processed instantly, reducing the delays commonly experienced in traditional payment methods.
Users only need a cryptocurrency wallet to participate and bypass the typical Know Your Customer (KYC) procedures or account creation processes on many platforms. This feature offers users a more private and streamlined experience. The casino provides various games, including keno, video poker, blackjack, roulette, and slots, broadening its appeal to different gamblers.
Currently, MEMEBET tokens are priced at $0.0252. Early investors gain immediate access to their tokens, a unique advantage only available in the early stages. The platform is nearing the end of its current funding round, with two days left before the token price increases.
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