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Several altcoins, including RUNE and DOGE, are gaining attention due to recent analysis indicating that they could be on the verge of breaking their weekly resistance levels. Historically, such breakouts have triggered significant price rallies.
Meanwhile, market experts believe that the recent pullbacks in Bitcoin’s price were likely a calculated move by large investors, or “whales,” as they positioned themselves for an upcoming bull market. Analysts have been examining Bitcoin’s chart patterns, comparing them to past trends. They’ve also noted how Ethereum and other altcoins have been preparing for extended rallies in recent months. Amid this market draft, investors are looking for the best altcoins to buy now.
Top 5 Altcoins to Buy Now
Stacks, the smart contract layer of the Bitcoin network, recently hit a major milestone by surpassing 1,400 smart contract deployments in a month. Meanwhile, Toncoin (TON), a cryptocurrency linked to the Telegram platform, saw a significant drop last month, losing more than 20% of its value.
On the other hand, Crypto All Stars (STARS), a new meme cryptocurrency, gained traction in its presale, reaching the $1.1 million mark. MicroStrategy’s Michael Saylor also predicted that Bitcoin could reach $13 million by 2045.
1. Batteries (STX)
Stacks recently surpassed 1,400 smart contract deployments in a month, a 30% increase from the previous month, as announced by the network. This growth comes ahead of the full activation of the highly anticipated Nakamoto upgrade, which began rolling out at Bitcoin block 840,360 on August 28.
The growing interest in Bitcoin Layer 2 (L2) projects is reflected in venture capital investments, with over $94.6 million allocated to such initiatives in the second quarter of 2024 alone.
Experts see potential in Stacks’ ability to tap into an estimated $800 billion in latent capital within the Bitcoin ecosystem. This growing ecosystem could significantly expand BTC’s utility beyond traditional uses.
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The rise of Stacks is inevitable 🟧 pic.twitter.com/e0TpFb2UZR
— stacks.btc (@Stacks) September 9, 2024
Stacks token performance has also been remarkable. STX is trading at $1.53, after a 7.70% intraday gain. It has gained 241% over the past year, outperforming 86% of the top 100 crypto assets. The token is trading above the 200-day simple moving average and has shown consistent momentum. For example, it has recorded 15 positive trading days out of the last 30. Additionally, its liquidity remains strong relative to its market capitalization
2. Bittensor (TAO)
Bittensor is a decentralized network that merges blockchain technology with artificial intelligence (AI). The implementation of proof-of-learning (PoL) ensures that nodes contribute to reliable AI models while preserving user privacy. Its cross-chain functionality and native token, TAO, aim to expand the decentralized AI ecosystem, fostering collaboration within the community.
TAO’s PoL mechanism rewards only nodes that deliver high-performing AI models. This approach incentivizes the development of high-performing AI systems, maintaining performance standards across the network. Additionally, Bittensor’s token economy, powered by TAO, incentivizes participation from node operators and developers.
As of today, Bittensor’s TAO token is trading at $277.43, which is up 10.74% in the last 24 hours. Over the past year, its value has surged 474%, outperforming 92% of the top 100 cryptocurrencies.
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Currently, TAO price is trading 127.22% above its 200-day simple moving average, indicating strong upward momentum. With 15 green days in the past month, Bittensor is showing positive trends in the short term. Forecasts suggest that TAO could surge significantly, reaching $897.19 by October 2024, an increase of 227.33%.
3. Alliance for Artificial Superintelligence (FET)
The collaboration between artificial intelligence (AI) and the crypto industry is deepening as both sectors evolve. One notable development is the launch of the native token FET (soon to be renamed ASI) on the Cardano blockchain by SingularityNET and the Artificial Superintelligence Alliance. This move marks a merger between SingularityNET, Fetch.ai, and Ocean Protocol.
The ASI token is trading at $1.14, reflecting a 5.79% increase over the past 24 hours. This contrasts with its overall trend over the past week, during which it saw a 4.0% decrease from $1.20 to its current value. The token’s all-time high remains at $3.45.
When analyzing recent price movements, we observe different levels of volatility. The price has seen significant movements in the last 24 hours in the short term, while the fluctuations over the past week show a different trend. The Bollinger Bands in the charts demonstrate this volatility, with wider bands indicating larger price movements.
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An auto-lock feature has been implemented to improve security by automatically locking your wallet every time it is minimized or closed.
This feature ensures that the wallet and its contents remain secure, even if the device is accessed by… pic.twitter.com/vi4rc08kd1
— Fetch.ai (@Fetch_ai) September 9, 2024
Over the past week, trading volume has decreased by 39.0%, which contrasts with a slight increase in circulating supply, up 0.11%. The current circulating supply is 2.52 billion, which is approximately 95.84% of the maximum supply of 2.63 billion. Fetch.ai, or FET, holds a market cap ranking of 32 and is valued at $2.87 billion.
4. Toncoin (TON)
Last month, the cryptocurrency Toncoin (TON), closely linked to the Telegram platform, experienced a sharp decline, dropping more than 20% in value. The downward movement followed the arrest of Telegram CEO Pavel Durov.
However, Toncoin price has started to recover this week, climbing back up to around $5. Market analysis suggests a potential break above $5.5 by the end of the week. If this happens, it could pave the way for further upside beyond $6, positioning Toncoin as a noteworthy altcoin.
Trading activity has increased significantly, with a 148% increase in volume over the past 24 hours, as reported by CoinGlass. The total value of TON perpetual futures contracts reached $511.25 million, while spot market trading increased by 115%, totaling $300 million in a single day.
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As a Telegram mini-app built on #TONNEhe… pic.twitter.com/pY6IjHI2Ab
— TON 💎 (@ton_blockchain) September 10, 2024
Toncoin’s price is $5.24 today, representing a 6.07% increase in the last 24 hours. Over the past year, the coin has seen a 206% increase and is trading 158% above its 200-day simple moving average (SMA) of $2.03, indicating strong performance relative to its historical price. This recent surge and increased trading activity suggest that Toncoin remains a cryptocurrency to watch, especially as we approach potential cycle highs.
5. Crypto All Stars (STARS)
The stars of cryptography (STARS), a new cryptocurrency, has attracted attention during its presale, recently reaching the $1.1 million milestone. This achievement suggests growing demand, likely driven by its unique MemeVault protocol. MemeVault, the first multi-chain, multi-token staking program, has garnered significant interest due to its innovative features.
Support from holders of popular meme coins like Dogecoin and Pepe also contributes to the project’s momentum. Some traders predict that STARS could see substantial growth after its launch, with returns estimated to be as high as 100x.
Currently priced at $0.0014362, STARS tokens are available for presale, offering participants various payment options such as ETH, USDT, BNB, and credit cards. The flexibility of the presale could attract a wider range of investors before the token’s next listing on a decentralized exchange.
To bolster its credibility, Crypto All Stars has undergone audits by SolidProof and Coinsult to improve investor confidence in the project’s security. Additionally, endorsements from influencers like YouTuber Jacob Bury and crypto analyst ClayBro have boosted the cryptocurrency’s visibility, especially within the SHIB army.
A notable feature of The stars of cryptography The main advantage of this system is its staking mechanism, which promises an estimated annual return of 1245%. This represents an interesting opportunity for those looking for passive income.
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Learn more
Most Wanted Cryptocurrency Launch – Pepe Unchained
- Level 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Staking Rewards – pepeunchained.com
- Over $10 Million Raised in ICO – Ending Soon
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