Join Our Telegram channel to stay up to date on breaking news coverage
The cryptocurrency market is showing signs of recovery as geopolitical tensions ease and economic data from the U.S. points to positive trends. These factors have helped to renew investor confidence, leading to an uptick in many assets, particularly in the AI coin sector. AI-based blockchain projects, such as Bittensor (TAO) and Render (RNDR), are currently seeing significant gains, outpacing other altcoins. This suggests that AI-driven blockchain technologies could be key areas of growth within the broader market.
As market conditions stabilize, more investors are exploring altcoins with the potential for growth, looking to capitalize on opportunities that offer higher returns. This article analyzes the top crypto to invest in right now.
Top Crypto to Invest in Right Now
Recently, TAO has shown significant performance in the market, experiencing notable price swings. The Graph Network launched a key update with the Timeline Aggregation Protocol (TAP). Meanwhile, Brett’s ecosystem continues to expand, offering users more resources and support.
1. Bittensor (TAO)
Bittensor is gaining attention in the rapidly evolving AI space, particularly as the conversation around decentralized artificial intelligence expands. Recently, TAO has been one of the standout performers in the market, with notable price fluctuations. Over the past 24 hours, TAO has seen a price increase of 14.46%, bringing its value to $590.62.
These movements reflect the dynamic and often volatile nature of the cryptocurrency market. One key factor driving the growing importance of TAO is its role within Grayscale’s Decentralized AI Fund, which holds the second-largest allocation. Initially, TAO accounted for 2.6% of the portfolio, but it has since grown to 27.6%, nearly equal to the leading asset in the fund, NEAR Protocol.
Technical indicators show that Bittensor appears positive. The current price prediction sentiment is bullish, and the Fear & Greed Index shows a neutral rating of 49, suggesting balanced market sentiment. TAO is trading above its 200-day simple moving average (SMA), a key technical marker that often indicates long-term bullish momentum.
Welcome to Bittensor v8.0.0!
// Brand new btcli and btsdk!Ultra-fast performance upgrades, rewritten from ground up and based on asyncio, using concurrent calls to the chain.
Redesigned interface, the fastest and most beautiful way to interface with the chain.
Checkout… pic.twitter.com/xpZ5t2cFP3
— Openτensor Foundaτion (@opentensor) September 25, 2024
Over the past 30 days, TAO has experienced 20 green days, signaling consistent positive price movement, and it is trading near its cycle high. TAO also demonstrates strong liquidity relative to its market cap.
Analysts and market participants have expressed optimism about the token’s future performance. Current predictions from CoinCodex suggest that TAO could rise by as much as 231.47% by November.
2. Flockerz (FLOCKER)
Flockerz (FLOCK) is drawing attention in the crypto market with its innovative approach, particularly through its Vote-to-Earn (V2E) mechanism. This system allows token holders to earn rewards by participating in governance votes, making it a unique addition to decentralized finance (DeFi).
Isn't it beautiful? Flockerz community is growing by the day!
TG opening soon! pic.twitter.com/l6XU4BhZoD
— Flockerz (@FlockerzToken) October 4, 2024
The platform features Flocktopia, a decentralized autonomous organization (DAO). In this structure, all holders of FLOCK tokens have equal voting rights, enabling them to have a say in the project’s future direction. This system seeks to advance decentralization by empowering its community through a formal governance model, where decisions about the project’s development are made collectively.
At press time, the project has raised $432,000, with the token price currently set at $0.0057012. Investors can visit the official website, connect a compatible crypto wallet, and purchase tokens using various options, including ETH, BNB, USDT, or even a bank card. In terms of security, Flockerz has emphasized transparency by having its smart contract audited by Coinsult, offering investors a degree of confidence in the project’s reliability.
Moreover, Flockerz positions itself as a community-driven project, aiming to redefine governance in DeFi through its V2E model. The platform has already garnered significant interest, and its long-term success will likely depend on how well it executes its vision and sustains engagement within its community.
3. Avalanche (AVAX)
Avalanche is a layer-one blockchain designed to support dApps and customized blockchain networks. It aims to challenge Ethereum’s dominance as the leading blockchain for smart contracts. The project can handle a higher volume of transactions, with a capacity of up to 6,500 transactions per second (TPS), while maintaining scalability. This is one of its central goals in competing with Ethereum.
As of now, Avalanche is priced at $25.66, with a daily trading volume of $248 million. The market capitalization sits at $10 billion. Over the past 24 hours, AVAX has seen a price increase of 1.03%.
The recent price performance of AVAX appears positive, largely driven by key support levels and increased activity from large investors. This uptick in whale activity indicates that some high-net-worth investors may view the token’s potential positively. AVAX recently crossed its 50-day Simple Moving Average (SMA) at $24.66, a level that serves as near-term support, signaling potential bullish momentum.
3thix is launching an Avalanche L1 to develop a decentralized ad-tech layer for the internet’s gaming economy.
Leveraging distributed blockchain technologies, @the3thix is building a new platform to incentivize high-value marketing relations with gaming playerbases 👇 https://t.co/bwEKe9av42
— Avalanche 🔺 (@avax) October 3, 2024
Currently, the token is trading above its 200-day SMA, which suggests long-term strength. Its recent performance has also been favorable, with AVAX showing 17 green days in the past 30 days, representing a 57% rate of positive daily price movement. Additionally, the token benefits from high liquidity, supported by its significant market capitalization.
4. The Graph (GRT)
The Graph Network recently introduced an important upgrade with the release of the Timeline Aggregation Protocol (TAP). This update focuses on improving scalability and decentralization for Indexers, who play a key role in organizing and serving data on the network. TAP reduces the need for trust between payment gateways and Indexers, allowing for more decentralized operations by minimizing reliance on intermediaries.
Additionally, it simplifies payment management by enabling Indexers to handle payment receipts directly, making the process more straightforward. The Graph Network uses the Graph Token (GRT) to ensure economic security and maintain the integrity of the data being queried.
🌐 ICYMI: The Graph Network just got another major upgrade with the release of TAP (Timeline Aggregation Protocol)!
TAP transforms payments for Indexers, driving greater scalability & decentralization by:
✅ Trust-minimized payments: TAP reduces reliance on trust between… pic.twitter.com/ySAOlp6cRw
— The Graph (@graphprotocol) October 4, 2024
At press time, GRT recorded an intraday surge of 1.28%, trading at $0.1599, and has shown a monthly gain of 17.26%. Over the past year, its price has risen by 88%, outperforming 58% of the top 100 crypto assets.
The token is currently trading above its 200-day simple moving average and has experienced 17 green days in the last 30 days, indicating positive price movement. Additionally, GRT has high liquidity in relation to its market cap.
5. Brett (Based) (BRETT)
Brett is a meme coin built on the Base Chain, drawing inspiration from a character in Matt Furie’s Boy’s Club comic. As the first meme coin on this blockchain, Brett benefits from Base Chain’s rapid development. The project continually launches new applications and builds a loyal community, aiming to carve out a place in the Base Chain ecosystem.
The Brett ecosystem is growing, providing users with resources and expertise. Its development team is focused on maintaining steady progress, frequently expanding Brett’s offerings. As Base Chain continues to grow, the coin’s utility and ability to thrive could increase, aligning with the broader network’s success.
One of Brett’s strengths is its strategic partnerships with the crypto industry. These collaborations aim to enhance its long-term sustainability. Notably, Brett has partnered with a gaming company to establish a GameFi ecosystem, a space where gaming features merge with financial incentives.
This development may boost user engagement by integrating gaming elements into the platform, expanding its utility beyond being just a meme coin. At the time of writing, the BRETT token trades at $0.08371, showing a 21.66% rise over the last month. The token also boasts high liquidity relative to its market cap, which indicates a strong market presence and the ability to support active trading.
Read More
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
