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Michael van de Poppe, a renowned crypto analyst, recently shared his thoughts on the altcoin market. He believes that the altcoin season is slowly starting to take shape. In a recent article on X, he observed that many altcoins are trending upwards, with several digital assets seeing daily price increases.
He further suggests that the current bullish momentum in the altcoin market could strengthen. According to his analysis, this period could signal an improvement in the outlook for the altcoin market. Following this, many investors are feeling optimistic about potential gains and are actively looking for opportunities. The Best Cryptocurrencies to Invest in Right NowThis sentiment is driven by the belief that the market could continue to strengthen in the coming months, providing growth opportunities.
The Best Cryptocurrencies to Invest in Right Now
Worldcoin recently expanded its reach by integrating with the Solana blockchain to improve user verification processes. Meanwhile, Memebet, a new project that merges the popularity of meme coins with the online casino industry, quickly gained attention by raising $244,000 in its presale. The AI-driven cryptocurrency market has also seen substantial growth, with tokens such as the Artificial Superintelligence Alliance (FET) emerging as prominent tokens.
1. Beam (BEAM)
Beam is a blockchain-based platform designed to connect gamers and developers to drive innovation in the gaming industry. At the heart of this platform is the Beam SDK, a software toolkit that gives game developers various options for integrating blockchain features into their games.
This flexibility allows developers to customize how blockchain technology is used in the game, tailoring it to their needs. The Beam token, currently valued at $0.01478, has posted a promising 2.98% increase over the past day. Over the past 30 days, the token has seen 17 green days, or periods of price growth, accounting for 57% of the time.
Moreover, this steady upward trend suggests a strong and positive presence of the token in the market. Furthermore, the token’s liquidity is strong, surpassing its market cap, and it is actively traded on major exchanges, including Binance. Notably, the trading volume surged by 81.30%, reaching $22 million, further reinforcing the token’s strength in the market.
Beam also saw a significant shift in trading volume on the Upbit exchange, where activity increased by 242.54% in four hours, from $35 million to $122 million. However, on Binance, BEAM’s volume decreased by 39.80% over the same period, from $6 million to $4 million. This shift highlights varying levels of interest across different markets, but suggests increased engagement with the token.
2. Worldcoin (WLD)
Worldcoin stands out for its approach to identity verification. It uses advanced biometric technology to create unique digital identities, called World IDs. These World IDs are designed as “global digital passports” for a future increasingly shaped by artificial intelligence and digital interactions.
Recently, Worldcoin expanded its reach by integrating with the Solana blockchain, with a focus on improving user verification. This initiative was facilitated by Wormhole, an interoperability protocol that connected Ethereum’s World ID state roots (snapshots of essential data) to Solana.
This integration aims to provide Solana-based projects with a tool to reduce issues with spam and bots, which are common due to Solana’s low transaction fees. Global IDs could serve as a deterrent to spam and Sybil attacks, by providing a layer of verification for the network.
Despite the legal and privacy concerns surrounding biometric identity verification, this integration shows how Worldcoin’s technology can address real-world challenges. For Solana, which often faces heavy bot activity, World ID presents a potential solution to alleviate these issues.
A great day for AI. A great day for humans.@wormhole brings World ID to @solana 🫡 pic.twitter.com/LQYJLHg0gS
— Worldcoin (@worldcoin) September 13, 2024
Meanwhile, Worldcoin’s native token (WLD) saw its price surge by over 7% following the announcement. Currently, WLD is trading at $1.47, reflecting an intraday gain of 1.91%. With 16 green days in the last 30 days, the token displays relatively high liquidity for its market cap.
This integration could also strengthen Worldcoin’s broader goal of providing universal access to the digital economy. The system is also designed to accommodate future upgrades, which will further strengthen potential trust in the project.
3. Alliance for Artificial Superintelligence (FET)
The AI-powered cryptocurrency sector has seen significant growth, with tokens like the Artificial Superintelligence Alliance (FET) leading the way. Over the past week, FET’s price has surged 2.09%, reaching $1.3. This growth has helped increase activity within the AI-driven cryptocurrency market.
FET’s recent rally is attributed to its break above long-term trendline resistance, indicating strong bullish momentum. Large trades and whale activity supported this upward move, with a notable trading volume of $56.14 million contributing to an 11% gain on September 10.
Although FET is trading below $1.5, technical analysis suggests further growth potential. The token could rise above the 200-day exponential moving average (EMA) in the near term, signaling the start of a new bullish phase.
Cudos is at the forefront of building decentralized infrastructure for the future of AI development
By integrating cloud computing with blockchain, @CUDOS_ ensures that AI systems are powered by a network of decentralized global resources, rather than being controlled by a few… pic.twitter.com/4RxekxkxPR
— Alliance for Artificial Superintelligence (@ASI_Alliance) September 16, 2024
In addition to its price performance, the Artificial Superintelligence Alliance has proposed integrating CUDOS, a leader in distributed artificial intelligence, into its ecosystem. The proposal is subject to community voting from September 19 to 24, 2024.
If the integration is approved, the CUDOS token (CUDOS) will merge with FET, creating a unified network under a single ecosystem. This merger aims to strengthen the Alliance’s capabilities by combining resources and technologies, thereby enhancing the development of large-scale AI and machine learning applications.
4. Cardano (ADA)
Cardano is a blockchain known for using a proof-of-stake (PoS) consensus mechanism, which contrasts with Bitcoin’s energy-intensive proof-of-work (PoW) system. Cardano stands out for applying a peer-reviewed research process to its technology development. This approach allows for external validation of ideas, which the team believes ensures the sustainability and stability of the blockchain by addressing potential issues before they arise.
Recently, EMURGO, a blockchain company that promotes the commercial adoption of Cardano, partnered with Zilliqa Group, which specializes in Web3 and metaverse projects in luxury and entertainment. This partnership aims to improve interoperability between the Cardano and Zilliqa ecosystems, which could lead to more integrated and secure transactions between the two platforms. The collaboration will also involve the creation of interoperable liquidity channels, facilitating smoother user experiences on both networks.
EMURGO will bring its expertise in Web3 technologies, including stablecoins and wallet infrastructure, to help tokenize luxury assets on Zilliqa’s platform. This move is part of Cardano’s broader goal of expanding its influence across different sectors.
Additionally, the Cardano team has planned a major upgrade called Leios, which is slated for release in Q4 2024. This upgrade is expected to improve transaction speeds, potentially surpassing competitors like Solana while preserving the decentralized nature of the network.
Additionally, Leios is part of a larger roadmap that includes other solutions like Hydra and sidechains, aimed at improving Cardano’s scalability and efficiency. Cardano’s focus on academic rigor, sustainability, and strategic partnerships reflects its efforts to create a reliable and long-term blockchain infrastructure.
5. Memebet (MEMEBET)
Memebet is a recently launched project that combines the growing meme coin trend with the online casino industry. Its pre-sale quickly raised $244,000, which is a testament to the interest in the concept. The token is the backbone of a betting platform integrated into Telegram, allowing users to place bets using well-known meme cryptocurrencies.
The platform operates entirely within the Telegram app, catering to a specific audience: meme coin holders, Telegram trading bot users, and people interested in online gambling. Users can make deposits and withdrawals using popular meme coins such as Pepe, Dogewithhat, Shiba Inu, and Bonk. Thanks to the blockchain technology that powers the system, transactions are processed instantly, reducing the delays typically encountered in traditional payment methods.
Users only need a cryptocurrency wallet to participate and bypass the usual know-your-customer (KYC) procedures or account creation processes on many platforms. This feature provides users with a more private and streamlined experience. The casino offers various games including keno, video poker, blackjack, roulette, and slots, broadening its appeal to different players.
Currently, MEMEBET The tokens are being sold at $0.0252. Early investors have immediate access to their tokens, a unique benefit available only in the early stages. The platform is nearing the end of its current funding round, with two days left before the token price increases.
Visit the Memebet pre-sale
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