Fantom (FTM)
Fantom’s recent price increase indicates growing investor confidence and more active market activity. In early August, Fantom’s value fell sharply as the broader market fell, with open interest falling to $47 million. However, within a week, open interest grew 50% to $75 million. This growth indicates increased liquidity and renewed interest in Fantom.
Additionally, Fantom’s trading volume jumped from $50 million to $200 million in the same week. This sharp increase suggests that more traders and investors are participating in the market.
Fantom’s price has increased by 127% over the past year, outperforming 69% of the top 100 crypto assets. Although Fantom is still 87% below its all-time high, its market cap and 0.05% annual inflation rate put it in a good position for future growth.
Tectum (TET)
Tectum is a decentralized, open-source cryptocurrency that aims to provide a fast, low-cost, and privacy-focused platform. As a third-generation, layer-1 blockchain, it boasts an incredible transaction processing speed of 3.5 million transactions per second. This feature enables Tectum to effectively solve the scalability challenges associated with Bitcoin payments, making it one of the fastest blockchains in the world.
Tectum’s price has increased by 30.70% in the past 24 hours and 65.11% in the past week. Despite a Fear & Greed Index of 39, sentiment on TET is currently bullish, with a 30.70% price increase and a 55% increase in 24-hour trading volume indicating that TET is in an uptrend.
Furthermore, Tectum is expected to grow significantly by 2025, with an average price expected to reach $37 and a peak of $44. This growth can be attributed to a favorable regulatory environment and the growing popularity of cryptocurrencies across the globe. Furthermore, the approval of a Bitcoin ETF and increased regulatory compliance among major centralized exchanges are likely to contribute to this positive price movement.
Fetch.ai (FET)
Fetch.ai is currently priced at $1.075, up 13.65% in the past 24 hours. The highest price was $3.46 on March 28, 2024, and the lowest price was $0.007972 on March 13, 2020. Currently, Fetch.ai is trading 16.65% above its 200-day SMA of $0.869975.
The recent price increase of Fetch.ai is driven by the growing influence of artificial intelligence (AI) in traditional and cryptocurrency markets. Over the past year, Fetch.ai has performed exceptionally well, with its price surging 421.59%. This impressive increase is higher than 89% of the top 100 crypto assets, including major cryptocurrencies such as Bitcoin and Ethereum.
Another key factor behind FET’s strong performance is its partnership with Ocean Protocol and SingularityNET to form the AI Superintelligence Alliance. This partnership will consolidate all tokens into a new general AI cryptocurrency, the ASI token. The transformation will begin with the merger of OCEAN and AGIX with FET, which will then be converted to ASI at a 1:1 ratio.
Fetch.ai’s 714% growth over the past year indicates strong upward momentum. This growth reflects high investor confidence and a strong upward trend. Therefore, if this positive momentum continues, we expect FET to reach higher levels.
RARI (RARI)
$RARI is an ERC-20 token used to manage the RARI Foundation Treasury and oversee the Rarible Protocol and RARI Chain. $RARI was launched in 2020 with a maximum supply of 25 million tokens. The RARI DAO is responsible for the RARI DAO Treasury and develops the Rarible Protocol and RARI Chain ecosystem. This vision is achieved through a strong governance framework that allows anyone to participate in decision-making by locking $RARI to vote.
$RARI has multiple functions in its ecosystem, including funding projects, governance, and trading. As a utility token, it is essential to the Rarible platform, allowing users to participate in the governance of the RARI DAO and the Rarible Protocol. The Rarible Protocol is an open source infrastructure that supports the creation of various NFT applications. It improves the NFT market by providing tools for marketplaces, wallets, analytics, and more. The RARI Chain is an Ethereum L3 chain that focuses on security and low-cost transactions, ensuring that royalties are paid at the node level to benefit creators.
In June, NFT trading platform Rarible enabled access through the Bitget wallet. This feature provides users with a seamless connection to create and trade NFTs. It is available on mobile devices and browser plug-ins, allowing access to Rarible's services on networks such as Ethereum, Polygon, and Solana. In addition, users can also earn $RARI tokens as rewards through trading activities.
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