5 Best Altcoins to Invest in Right Now December 15 - Fetch.ai, Bittensor, Memecoin

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The crypto market update reveals a global market cap of $1.62 trillion. This amount reflects a slight uptick of 0.35% compared to the previous day. Moreover, the crypto market’s overall trading volume surged to $69.81 billion, signaling a 6.96% increase. Decentralized finance (DeFi) contributed $8 billion to this trading volume, reaching 11.45%.

Stablecoins also played a substantial role in the market’s 24-hour volume. This accounts for $62.98 billion or roughly 90.21% of the entire crypto market’s trading volume.

5 Best Altcoins to Invest in Right Now

The Balaji Fund, a newly unveiled investment venture, sets out to create libertarian societies known as “Network States.” Spearheaded by Balaji Srinivasan, a prominent figure in the tech industry, the fund’s core mission involves investing capital into this initiative.

Notable tech leaders are lending support to this fund. The list includes billionaire Coinbase CEO Brian Armstrong, Naval Ravikant, co-founder of AngelList, and venture capitalist Fred Wilson, known for his $1.8 billion stock sale after Coinbase went public in 2021. Srinivasan’s past role as Coinbase’s Chief Technology Officer further solidifies the fund’s ties to the cryptocurrency sector.

1. Fetch.ai (FET)

Recently, tokens like Fetch.ai (FET) and other AI-driven cryptocurrencies have demonstrated significant gains, signaling a bullish trend in the market. Fetch.ai trades at $0.699365, boasting a 24-hour trading volume of $478.54 million and a market capitalization of $481.25 million. Moreover, FET commands the market with a 0.03% dominance, surging by 5.79% within the last day.

Furthermore, Fetch.ai’s price prediction leans bullish, in line with a Fear & Greed Index value of 70 (Greed). Regarding supply dynamics, Fetch.ai currently circulates 688.12 million FET tokens out of a maximum supply of 1.15 billion.

Key performance indicators for Fetch.ai include a staggering 589% price surge over the past year. Technically, FET is trading above the 200-day simple moving average. It has experienced 19 positive trading days in the last 30 days (63% frequency), currently hovering close to its cycle high. Additionally, it is recognized for its liquidity, propelled by its market capitalization.

Exciting Collaboration Alert! 🚀

We're teaming up with @SingularityNET to tackle #AI's biggest challenges! 🤖💡

This groundbreaking partnership focuses on overcoming #LLM "hallucinations" & enhancing multi-step reasoning.

Learn more details 👇https://t.co/2WWukiqqH0

— Fetch.ai (@Fetch_ai) December 14, 2023

The allure of AI-centric tokens, exemplified by Fetch.ai, stems from the rapid strides in AI technologies converging with blockchain. These tokens aim to offer innovative solutions and enticing investment opportunities to users. FET’s robust market performance underscores the burgeoning interest in AI-infused blockchain initiatives, likely drawing increased attention and investment in 2024.

2. Bittensor (TAO)

Bittensor is another prominent player in the AI Crypto sector, currently on a bull run. Trading at $373.61, it boasts a market cap of $2.18 billion, with a circulating supply of 5.84 million TAO out of a maximum supply of 21.00 million TAO.

Analyzing its recent market movements, Bittensor showcases resilience by consistently trading above its 200-day simple moving average. Notably, it has observed 18 positive trading days within the last month, accounting for 60% of its recent trading activity.

On December 14, 2023, Bittensor reached its all-time high of $394.91, indicating a significant upward movement. Conversely, its all-time low of $31.74 was recorded on May 14, 2023. The recent cycle low stood at $369.82, following which it attained a cycle high of $390.03 for TAO.

Furthermore, the sentiment surrounding Bittensor’s price prediction leans toward bullish. This coincides with a Fear & Greed Index of 70, signifying a moderately optimistic market sentiment. TAO’s market performance and a healthy market dominance of 0.13% underscores its position as the second-highest-ranked entity within the AI Crypto sector.

3. Launchpad XYZ (LPX)

Launchpad XYZ has captured significant attention in the cryptocurrency trading community by aiming to transform how investors navigate Web 3.0 decisions. The platform’s cornerstone is furnishing users with extensive data via an advanced dashboard. As such, it aims to empower users to make well-informed cryptocurrency investment choices.

It's never been easier to get involved!#LaunchpadXYZ's one-click trading for fast, efficient transactions. ⚡ #EfficientTrading #OneClick #Alts pic.twitter.com/jvKsL5HnZh

— Launchpad.xyz (@launchpadlpx) December 12, 2023

The native token within the Launchpad XYZ ecosystem, LPX, goes beyond being a mere gateway to the project’s growth. Holders staking a minimum of 10,000 LPX tokens unlock various practical benefits. These encompass access to premium features like reduced trading commissions on the Launchpad XYZ decentralized exchange.

Moreover, stakeholders meeting this LPX threshold gain guaranteed entry to new NFT mints at competitive rates and early access to exclusive presales. Additionally, they enjoy discounts on products and services Launchpad XYZ partners offer. Early access to beta-mode play-to-earn games is facilitated. This enables users to track game development and make informed decisions regarding in-game crypto tokens.

4. Compound (COMP)

Compound (COMP) has exhibited significant price fluctuations over the past year, marking a substantial 30% increase in value. It presently maintains a position above its 200-day simple moving average, indicating a positive trend. Notably, in the last 30 days, it experienced 16 green days, accounting for 53% of its recent trading activity. Moreover, its robust liquidity is attributed to a sizable market capitalization.

Examining its historical price data, COMP hit its all-time high of $909.34 on May 12, 2021, while reaching its all-time low of $24.02 on June 10, 2023. Since its previous all-time high, the lowest price recorded was $24.02, termed the cycle low, while the highest price reached post the cycle low was $82.89.

This week, Compound III surpassed Compound v2 in both total assets and borrowing.

Since launching last August, Compound III has grown to over $1.6B in total assets and $490M in borrowing, across 7 markets on 4 networks.

View the markets at https://t.co/ZoI1fUmWUP

— Compound Labs (@compoundfinance) December 6, 2023

Currently, the sentiment regarding the Compound price prediction remains neutral. Meanwhile, the Fear & Greed Index reflects a reading of 70, indicating greed in the market sentiment.

Regarding supply metrics, the Compound’s circulating supply stands at 8.05M COMP out of a maximum supply of 10.00M COMP. The current yearly supply inflation rate is 10.72%, creating 779,083 COMP over the past year.

5. Memecoin (MEME)

BONK, a memecoin operating on the Solana blockchain, has recently become the third-largest memecoin in market capitalization. The coin’s value has skyrocketed by approximately 660% in the past month, rising from $0.000002432 to $0.00015.

What distinguishes BONK from typical memecoins is its concerted effort to develop a comprehensive community coin for seamless integration across Solana’s diverse, decentralized applications (dApps). The project aims to actively involve users within its ecosystem.

This significant growth can be attributed to BONK’s recent listing on Coinbase, sparking a 40% surge upon its debut on the platform. With a market capitalization nearing $1 billion, Coinbase intends to introduce BONK-USD trading pairs gradually. This goal is to be achieved once a sufficient supply of the asset is established.

Moreover, BONK has successfully secured listings on major exchanges such as Binance and KuCoin, capitalizing on the upward momentum of the Solana network, which has seen an increase of over 30%.

Despite BONK’s remarkable price surge, it’s crucial to highlight its earlier staggering 1,600% rise within a month. Trading activities related to BONK derivatives continue to drive high volumes, leading to a notable increase in open interest.

Most Searched Crypto Launch - Pepe Unchained

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