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The cryptocurrency market is currently exhibiting uncertain price movements, reflecting mixed sentiment among investors. Notably, Bitcoin has struggled to maintain its value above the $60,000 mark, with other tokens mirroring this decline. However, some altcoins have demonstrated resilience by surpassing their resistance levels, indicating strength in the current market environment.
These altcoins have also secured important partnerships and developments designed to enhance their appeal and attract more market participants. Consequently, investors are increasingly drawn to these tokens, seeking potential gains. InsideBitcoins provides daily market analysis, offering a curated list of the top cryptocurrencies to buy now.
Top Cryptocurrencies to Buy Now
The recent launch of Cardano’s Chang hard fork marks a major move towards enhanced decentralized governance within its network. Meanwhile, the Shiba Shootout presale has generated over $1 million, attracting investors seeking options in a fluctuating market. Additionally, Polkadot has partnered with Inter Miami CF, a professional football team in the U.S.
1. Cardano (ADA)
The recent initiation of Cardano’s Chang hard fork represents a significant step towards decentralized governance within the network. As part of Cardano’s broader “Voltaire” phase, this upgrade allows ADA holders to participate directly in governance by voting themselves or delegating their votes to representatives.
The Chang hard fork, which occurred on September 1, marks the beginning of the “Conway ledger era.” This era introduces on-chain participatory governance through CIP-1694, establishing a constitutional committee and new roles for stake pool operators. These changes will be gradually implemented over the next 90 days, with the first phase focused on ensuring security and continuity as the network transitions.
Furthermore, the upgrade enhances the Plutus scripts, facilitating advanced voting mechanisms like DAO voting and improvements in cryptographic security and smart contract performance. However, despite the importance of this upgrade, ADA, Cardano’s native token, experienced a decline in value.
On the day of the hard fork, the token dropped 2.4% to $0.333. It further plummeted to $0.3307 at press time, recording a 3.7% intraday drop. Nonetheless, ADA saw a surge in trading volume by 75.09%, hitting $232 million.
𝗖𝗮𝗿𝗱𝗮𝗻𝗼'𝘀 𝗘𝗿𝗮 𝗼𝗳 𝗢𝗻-𝗖𝗵𝗮𝗶𝗻 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗶𝘀 𝗛𝗲𝗿𝗲!
In mere moments, the Chang Hard Fork will lay the groundwork for a self-sustaining, truly decentralized Cardano.
It's a milestone years in the making, and it's finally happening. We're saying…
— Cardano Community (@Cardano) September 1, 2024
Moreover, the token has seen a year-to-date increase of 29%. It further recorded 15 positive trading days in the last month, boasting high liquidity relative to its market capitalization.
Technical analysis suggests that Cardano’s token has growth potential. The 14-day Relative Strength Index (RSI) is currently at 54.97, indicating a neutral stance and implying that the cryptocurrency may trade sideways. Coincodex’s latest price prediction anticipates that Cardano’s value could increase by 16.10% by October.
2. Polkadot (DOT)
Polkadot has recently partnered with Inter Miami CF, an American professional football club. The blockchain’s logo is now featured on the team’s training kit. This collaboration allows Polkadot to connect with Inter Miami’s fanbase through various initiatives, including interactive fan zone activities, visible branding at the training facility, and digital campaigns.
As a Main Partner, Polkadot gains the opportunity to promote its brand within the club’s home stadium, Chase Stadium. The partnership also extends to Inter Miami’s digital platforms, including social media, potentially enhancing Polkadot’s visibility and appeal.
The blockchain has also announced several other partnerships and developments, further solidifying its role in the Web3 sector. Polkadot has launched the PBA-X, a virtual academy to advance blockchain education and foster future blockchain experts. The platform’s introduction of dynamic NFTs, which can evolve in value and characteristics over time, marks another step forward in its technological innovations.
🚨 It's official! The Polkadot Community has spoken and has elected to sponsor @InterMiamiCF for the rest of the 2024 & the upcoming 2025 seasons 🤯 https://t.co/iOnxDdul21
⚽️ Starting this weekend, at their next match in Chicago, the primary sponsor for the Inter Miami training…
— Polkadot (@Polkadot) August 29, 2024
Furthermore, the DOT token trades at $4.12 at press time, with a 1.63% decline observed intraday. Nevertheless, DOT’s trading volume has seen a notable increase of over 50%, reaching $95 million, according to CoinMarketCap data. This surge in activity has led to speculation about the potential future trajectory of the platform’s price.
3. Artificial Superintelligence Alliance (FET)
Fetch.ai recently announced a partnership with GameSwift. This integration combines FET’s AI technology with GameSwift’s web3 gaming platform, GameSwift Launcher. It further aims to utilize GameSwift Launcher users’ unused computing power to support AI development through Fetch.ai’s agent infrastructure.
As part of this partnership, GameSwift will join the Fetch.ai Foundation as its first web3 gaming partner, leading in the gaming segment. The integration will enable users of the GameSwift Launcher to contribute their GPU power toward AI projects and earn rewards in return. This approach may drive AI advancements while providing a novel way for users to participate in AI development.
Meanwhile, the Artificial Superintelligence Alliance saw an intraday surge of 1.52%, reaching $1.19, with a notable rise in trading volume by 29.51%, reaching $227 billion, according to CoinMarketCap data.
We’re happy to #announce a new https://t.co/kJ9URVqmjT Foundation member and a strategic #partnership with @GameSwift_io. 🚀
GameSwift is a pioneer in #web3 #gaming and will lead the gaming vertical within the foundation.
The collaboration unlocks new and exciting possibilities… pic.twitter.com/H0UmSjWOy3
— Fetch.ai (@Fetch_ai) August 29, 2024
Furthermore, the token currently trades 37.35% above its 200-day Simple Moving Average of $0.869975, which suggests a sustained bullish trend. Also, the token appears neutral with the 14-day RSI at 62.81, indicating potential sideways movement in the near term.
This partnership between Fetch.ai and GameSwift holds potential for innovation in AI and web3 gaming, while the financial metrics point to a cautiously optimistic market sentiment.
4. Render (RENDER)
Render is a platform that allows users to contribute their unused GPU capacity for rendering visual effects and motion graphics. Despite the volatility in the broader cryptocurrency market, Render has shown steady development, suggesting a consistent service demand.
Looking at RENDER’s historical price data from CoinMarketCap, the token peaked on March 18th at $13.15. However, its value has since declined, with a recent 0.05% drop, bringing the current trading price to $5.05.
Despite this price decrease, analysts have observed notable changes in Render’s on-chain metrics. Specifically, there has been a significant increase in the accumulation of Render by large holders, often called “whales.”
In early July, these top addresses held approximately 51.5% of the total supply. This figure has since risen to 71.5%, marking a 20% increase in whale holdings over the past few months. This large-scale accumulation increase may suggest a potential recovery in Render’s price.
5. Shiba Shootout (SHIBASHOOT)
The Shiba Shootout presale has raised over $1 million, drawing interest from investors. This project stands out by combining elements of Western-themed gaming with crypto rewards, offering a unique Play-to-Earn experience.
Furthermore, players in Shiba Shootout engage in 2D duels, controlling characters like Marshal Shiba and his Shiba Sharpshooters using SHIBASHOOT tokens. The game’s mechanics are straightforward: Each player starts with six bullets and aims to outdraw and outshoot their opponents.
Despite its simplicity, the game offers a challenging and rewarding experience, attracting gamers and crypto investors. A notable aspect of Shiba Shootout is its staking system. Investors can stake their tokens during the presale and potentially earn a significant annual return of 880%.
Price rise incoming!! 🚀
Join us now we are growing so fast Sharpshooters 🔫 🔫 🤠 🤠⚠️ Purchase only from our official website ⚠️ https://t.co/Fxf9PWPy67#shibashootout pic.twitter.com/p1qHWXcH3W
— shibashootout (@shibashootout) September 1, 2024
Additionally, the upcoming launch of its Web3 app is expected to enhance the project further, potentially offering early investors favorable pricing before the official release. While the project has gained momentum quickly, its long-term success will depend on how well it delivers on its promises and adapts to the evolving crypto market.
In addition, SHIBASHOOT presents an intriguing mix of gaming and crypto investment, taking over the meme coin sector. However, as with any emerging project, prospective investors should approach cautiously, considering the potential rewards and inherent risks.
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