Best Cryptocurrencies to Invest in Right Now October 20 – Theta Network, Aptos, Internet Computer

The Altcoin Season Index shows signs that altcoins could rebound after a period of underperformance relative to Bitcoin. Currently, altcoins, especially AI coins and memes, are attracting the attention of traders and experiencing some growth.

A key resistance point at $644 billion in market cap is important. If the altcoin market breaks this level, it could lead to a larger rally, potentially pushing the market to $740 billion. The Altcoin Season Index’s recent low, the lowest since early September, suggests that altcoins could soon gain momentum. As such, InsideBitcoins analyzes the best cryptocurrencies to invest in right nowhelping investors search for coins with growth potential.

Best Cryptocurrencies to Invest in Right Now

The Graph recently integrated with the Unichain testnet, allowing developers to more efficiently organize and query on-chain data via subgraphs. Additionally, Aptos has established a significant presence in the crypto ecosystem, accumulating 27.7 million unique addresses that have interacted with its network.

In another development, Theta Labs has partnered with KAIST AI Lab, a leading artificial intelligence research center in South Korea. These advancements reflect ongoing efforts within the crypto and technology industries to innovate and improve services for developers and users.

1. The chart (GRT)

The Graph is a decentralized protocol aimed at making blockchain data more accessible and organized. Its goal is to provide reliable public infrastructure, with a focus on economic security and data integrity.

The platform was recently integrated into the Unichain testnet, allowing developers to organize and query on-chain data using subgraphs. This support for the Unichain testnet is a step towards future integration with Subgraph Studio and The Graph Network once the Unichain mainnet launches.

Currently, GRT is priced at $0.1751, showing an intraday increase of 5.34%. Over the past week, the token has gained 10.06% and over the past month it has increased by 11.35%. Market sentiment is bullish, with the Fear & Greed Index at 73 (Creed). Additionally, data from CoinMarketCap shows that 90% of the community is positive about the token’s prospects.

🔗

– The graph (@graphprotocol) October 17, 2024

In terms of technical performance, GRT is trading 49% above its 200-day simple moving average, which is currently $0.117455. The token has seen 15 green days in the last 30 days, indicating a positive movement of 50%. Its liquidity is also strong, supported by its market capitalization.

2. Aptos (APT)

Aptos is a layer one blockchain developed with scalability, security and reliability as its main features. It aims to address challenges such as high transaction fees and network congestion, which were problems for blockchains such as Ethereum before its move to proof-of-stake.

Over the past two years, Aptos has made its mark in the crypto ecosystem, reaching 27.7 million unique addresses that have interacted with the network. This shows significant user engagement. Since its inception, the network has processed 1.7 billion transactions, reflecting its ability to process large volumes. One of the key factors contributing to this is the focus on maximizing transactions per second (TPS).

Additionally, Aptos has also expanded strategically, with the acquisition of Palette Chain marking its entry into the Japanese market. This aligns with its goal of improving transaction scalability, security, and efficiency. Projects like Propbase, which uses Aptos for tokenized real estate, benefit from this focus on reliable infrastructure.

Happy birthday, Aptos!

In just two years, here’s what we’ve accomplished together 🌐

– 27.7 million active addresses all time
– 1.7 billion transactions all time
– 326 million transactions carried out in a single day
– 250 innovative projects which are #builtdifferent

and we’re just getting started ⚡ pic.twitter.com/OMvk7oj0NX

– Aptos (@Aptos) October 18, 2024

At press time, Aptos is priced at $9.83, with a 24-hour trading volume of $1.05 million. Its market capitalization stands at $5 billion, or 0.21% of the market.

The price is up 1.05% in the last 24 hours and market sentiment is currently bullish, as indicated by the Fear & Greed Index of 73, which signals “greed.” The token is trading above its 200-day simple moving average and has seen 18 green days out of the last 30.

3. Internet Computer (ICP)

The Internet Computer blockchain introduces a new approach to blockchain design, using advances in cryptography to power what it calls a “world computer.” This blockchain allows developers to create various online systems and services, including complex platforms like social media, without relying on traditional IT infrastructure such as cloud computing services.

Currently, the ICP token price is $8.22, with a 24-hour trading volume of $85.42 million and a market cap of $3.87 billion. Additionally, the token recorded a price increase of 2.36% over the past day. Over the past year, the price has increased by 153%, outperforming 64% of the top 100 crypto assets.

It has also shown stronger growth than Bitcoin and Ethereum over the same period and is currently trading at a higher price than its initial sale price. According to Coincodex, price predictions suggest potential growth, with some estimates predicting an increase of 227.76%, potentially reaching $26.35 in early November.

Current market sentiment is neutral, with a Fear and Greed Index of 73, indicating some level of investor optimism. Over the past 30 days, the token has seen price increases 47% of those days, with a price volatility of 6.75%.

4. Theta Network (THETA)

Theta Labs collaborated with KAIST AI Lab, one of South Korea’s leading artificial intelligence research centers, to develop an AI-powered virtual trial plugin for Shopify. The tool aims to improve the online shopping experience by allowing customers to virtually “try on” tops, such as shirts, jerseys and blouses, through a simple upload of a selfie.

The Virtual Try-On feature is designed to increase engagement with e-commerce platforms and potentially increase sales conversions by providing customers with a way to view products before purchasing. Theta and KAIST AI Lab plan to expand the capabilities of this tool in the future, adding more complex wearables like hats, stockings, and accessories.

We are excited to announce the launch of AI Virtual Try-On for @Shopifyan AI-based ViTON software for e-commerce applications. Developed in collaboration with @kaist_ai SK’s #1 university AI research center, is now available on Shopify in stores across @SoaRGaming and Mazer! pic.twitter.com/tLdzOsjGXG

– Theta Network (@Theta_Network) October 17, 2024

Following the introduction of this technology, Theta’s token saw an intraday price increase of 4.30%, trading at $1.34. The token is currently trading above its 200-day simple moving average, a positive technical indicator. Additionally, its 14-day relative strength index (RSI) stands at 58.16, suggesting that the asset is neither overbought nor oversold, indicating a neutral position and possible sideways trading movement.

The token also displays strong liquidity based on its market capitalization, reflecting solid market interest and potential future stability. This development marks an important milestone in Theta’s strategy to integrate AI technology into its platform. It highlights its continued efforts to collaborate with leading academic institutions such as KAIST AI Lab.

5. Flockerz (TROOP)

Flockerz has garnered over $884,000 during its ongoing presale, positioning itself as a notable player in the meme coin space. It stands out by being one of the first meme coins entirely governed by its community, giving users direct influence over the direction of the project.

The project aims to reach its next funding milestone of $1 million, with the current presale price set at $0.0058161 per FLOCK token. This price is expected to increase in the next two days. Investors interested in early participation have a limited window to adhere to this pace.

The herd basks in gold, and soon you will too 🐦💰 pic.twitter.com/VQ16zqpyXr

– Flockerz (@FlockerzToken) October 17, 2024

Meanwhile, one of the key features of the project is its “Vote-to-Earn” model, in which token holders can participate in governance decisions and earn rewards for their involvement. Community members play an active role in critical decisions, such as marketing strategies, token burns, expansion plans, and new features. By aligning community interests with project progress, Flockerz encourages continued engagement and participation.

Additionally, the project emphasizes decentralization, as stated in its white paper. Flockerz claims that no single entity is in control and that decision-making power is distributed among its members. This model aims to foster a more equitable environment where users have a say in the future of the project.

The collaborative nature of Flockerz encourages a shared sense of responsibility, which could lead to stronger community bonds and long-term engagement. Flockerz seeks to set a new standard in the coin industry, emphasizing community governance and decentralization as its core value propositions.

Visit the Flockerz presale

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