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The altcoin sector is gaining attention, and various parts of the crypto world are seeing a resurgence in demand. Similarly, Metaverse tokens are picking up speed, hinting at an upcoming bull run and signaling the potential start of an altseason.
With expectations of a bull market, altcoins are poised for significant gains this week. Analysts think this might produce more explosive performance for meme coins, too. However, Bitcoin’s dominance has overall gone up this year, showing that the market is mixed.
Next Cryptocurrency To Explode
Attention in the crypto market in the coming month will be directed toward altcoins and meme coins as the market anticipates a bull run. Investors can capitalize on the moment and take a position in upcoming tokens like the 99Bitcoins token. 99Bitcoins token’s transition from the ERC-20 to the BRC20 token standard enables developers to create a new token standard. This post covers the details of its presale.
1. Stellar (XLM)
Today, XLM has seen a notable rise of over 4.6%, reaching $0.1 per token. This increased interest is also reflected in a sharp rise in trading volumes. According to CoinGlass data, XLM trades have surged by more than 140% in the past day, totaling $91.8 million. Including data from the spot market, the total turnover of XLM in the last day exceeds $160 million.
Often referred to as XRP’s rival, XLM was initially conceived by Jed McCaleb, who left Ripple and the development of XRPL to create a decentralized ecosystem for cross-border transfers. Thus, Stellar and the XLM token were introduced, with the market viewing XLM as a beta for XRP’s price action.
Stellar’s recent performance indicates signs of price recovery after trading near its historical low this year. With the crypto market’s recent positive trends, the token might continue to rise. Investor involvement in the Stellar token has surged, suggesting a possible price increase soon. This positive sentiment is evident in the Relative Strength Index (RSI), which recently moved into overbought territory at 60 after a prolonged period in the neutral zone around 50.
it's only up from here https://t.co/TYWFw0y5dL
— Stellar (@StellarOrg) July 25, 2024
Moreover, the upward movement of the RSI and positive market trends are boosting confidence in XLM’s recovery. The Stellar price prediction sentiment is currently neutral, while the Fear & Greed Index shows 61 (Greed). This indicates a bullish sentiment among investors, who strategically position themselves at entry points in anticipation of an upward trajectory.
2. AIT Protocol (AIT)
AIT Protocol is a low-cap altcoin making waves in the AI sector. It is a leading force in Web3 data infrastructure, seamlessly blending AI and blockchain technology. This innovative platform creates a decentralized marketplace for data annotation and AI model training. Leveraging crypto economics ensures rapid cross-border payments, trust, and security.
Moreover, AIT operates “Einstein AIT,” a subnet on the Bittensor network focused on mathematics, logic, and data analysis. This subnet enhances response accuracy by enabling autonomous code execution in Python environments. With a potential price of $2.50, 400,000 AIT tokens are needed at the current price of $0.06, and this project shows massive potential.
AIT gained attention with a surge of 64.21% in the past month, driving its price to $0.132. This spike is accompanied by high liquidity, evidenced by a market cap-to-volume ratio of 0.0946, ensuring smooth trading operations. The short-term outlook appears balanced, with 47% of the last 30 days showing gains and a volatility rate of 29.5%, indicating moderate price swings. However, AIT will need to maintain consistent positive momentum for long-term success.
Exploring Albert $AIT: ChatGPT on steroids 🤖 💉
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What Makes Albert Stand Out?
🔹 Solving Complex Math and Logical Questions: Albert excels at tackling intricate math problems and… pic.twitter.com/3amExmxrXp— AIT Protocol (@AITProtocol) July 22, 2024
The AIT Protocol supports a global labor market for data processing and AI model development. It rewards participants through crypto economics, encouraging wider community involvement. In addition, the protocol advocates for using trusted hardware wallets and two-factor authentication to provide enhanced protection. Its recent partnership with Gotbit has further strengthened its network and increased its value for the community.
3. 99Bitcoins (99BTC)
Since its presale began in April, 99Bitcoins has raised $2.5 million through its native token, $99BTC. The project is in the final phase of its presale, which will end by August 6. The $99BTC token provides exclusive training courses, trading signals, VIP groups, mentoring, and more.
Currently, the token is priced at $0.00116, and it will see a final price increase in the last stage of its Initial Coin Offering (ICO). With its established reputation in crypto education and plans to launch on decentralized exchanges (DEXs) this quarter, 99Bitcoins expects a surge in liquidity that could significantly boost its value.
Stay strong everyone. 💪
Next time, we will break $70,000 for sure! 😬 #99Bitcoins #BTC #Cryptocurrency pic.twitter.com/VLjormar51
— 99Bitcoins (@99BitcoinsHQ) July 31, 2024
Even before launching its presale, 99Bitcoins had been a leader in the crypto education space for years. Since 2013, it has provided comprehensive coverage of cryptocurrencies, industry news, and tutorials. Its YouTube crypto library features 780 videos and courses totaling 79 hours, enjoyed by over 100,000 students. Moreover, with the integration of a learn-to-earn model, 99Bitcoins allows learners and contributors to earn its ERC-20 token, $99BTC, through its curriculum and content expansion efforts.
99Bitcoins has created an ecosystem that showcases the versatility of its $99BTC token, serving multiple roles across the platform. The clear blueprint for earning the token through learning and active participation presents a compelling case for investing in $99BTC. As it prepares to transition from an ERC-20 to a BRC-20 token, leveraging Bitcoin’s Layer 1 infrastructure, the project aims for enhanced security and resilience against censorship.
Another great aspect of investing in 99Bitcoins is that approximately 1.5 billion $99BTC tokens are already locked in its staking protocol. This represents 73% or $1.8 million of the total $2.5 million raised during the presale. This substantial commitment reflects investor confidence in the platform’s future, fueled by attractive staking rewards currently offering a 685% Annual Percentage Yield (APY).
4. XRP (XRP)
Recently, XRP has surprised investors with a notable surge. While Bitcoin experienced a minor correction in the last 24 hours, XRP bulls took charge, pushing the altcoin up by more than 6% in the past week. In the past 24 hours alone, XRP’s value increased by over 7%. At the time of writing, XRP is trading at $0.6525, with a market capitalization of over $36 billion, making it the 6th largest cryptocurrency.
XRP’s positive sentiment began to rise on July 29th, which led to its price increase. This means that the bullish feeling around XRP started growing even before the token’s price did. Additionally, XRP’s social volume increased, showing a rise in popularity.
One of the major trend indicators, the Ichimoku Cloud, has turned bullish after being bearish for over a month. This shift might signal a break from the bearish trend, but a rise above the resistance zone is needed to confirm a new upward trend. The XRP community aims to push the price above $0.75 in early August, which could maintain the bullish momentum throughout the month.
Calling all 🇧🇷 Brazilian fintech innovators! Ripple is working with Fenasbac Next, the largest accelerator program in Brazil, to advance blockchain innovation — specifically with projects seeking to build on the XRP Ledger in treasury management, asset tokenization, payments,…
— RippleX (@RippleXDev) July 30, 2024
The gap between XRP’s performance and the broader market highlights unique factors influencing its value. The anticipation surrounding the SEC lawsuit’s resolution is critical as investors hope for a positive outcome. Research suggests that the liquidity from the token might support the bullish trend.
5. SKALE (SKL)
SKALE is a cutting-edge blockchain network designed to enhance Ethereum’s scalability. It runs unlimited fast, on-demand blockchains called SKALE chains, which have zero gas fees for end users. These chains can be specific to dApps or shared, offering a customizable and decentralized cloud for dApps. This setup ensures decentralization without compromising security. Developers can use SKALE to run Solidity smart contracts faster and cheaper, making it ideal for high-performance apps like games and streaming services.
On July 10th, SKALE launched the Pacifica V3 upgrade, which boosted block mining speed by 108% and transaction throughput by 122%. This upgrade improves network performance, supports EIP-1559 transactions, and enhances contract functionality. Now, SKALE processes over 300 transactions per second with a block mining time of under 2 seconds. Additionally, SKALE saved users $400 million in gas fees in June alone while supporting approximately 55 million transactions.
Just like the network itself, SKALE devs are FAST AF! 🏎️ 💨
Learn a bit about @dmtkatwork, one of the big-brained engineers at SKALE Labs 👇 pic.twitter.com/SgQDI2QX3J
— SKALE (@SkaleNetwork) July 30, 2024
In the short term, SKALE has seen a 1.16% rise in the past day. However, its Relative Strength Index (RSI) at 73.58 suggests a potential near-term correction. Over the long term, SKALE has achieved an 81.15% increase over the past year despite trading 34.97% below its 200-day Simple Moving Average (SMA). With 43% green days and low volatility (8%), SKALE shows a relatively stable environment. It has outpaced 59% of top crypto assets, highlighting its strong market position and growth potential.
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