The current bullish momentum in the Altcoin market has also increased as the market recovered following the rate cut announcement. This period of time may indicate an improved market outlook for Altcoin. Since then, many investors have become optimistic about potential gains and are actively looking for the best cryptocurrencies to invest in right now. This sentiment is driven by the belief that the market may continue to strengthen in the coming months, bringing growth opportunities.
The best cryptocurrencies to invest in right now
1. Beam (BEAM)
Beam is a blockchain-based platform designed to connect gamers and developers and drive innovation in the gaming industry. At its core is the Beam SDK, a software toolkit that provides game developers with a variety of options to incorporate blockchain functionality into their games. This flexibility enables developers to customize how blockchain technology is used in their games to suit their needs.
Furthermore, this ongoing upward trend indicates a strong and positive market performance for the token. Moreover, the token has strong liquidity exceeding its market capitalization and is actively traded on major exchanges including Binance. Notably, the trading volume surged by 81.30% to $22 million, further strengthening the market strength of the token.
Beam also saw a notable shift in trading volume on the Upbit exchange, with volume surging 242.54% in four hours, jumping from $35 million to $122 million. However, on Binance, BEAM’s volume fell 39.80% in the same time frame, from $6 million to $4 million. This shift highlights the varying levels of interest in Beam across different markets, but suggests increased engagement with the token.
2. Worldcoin (WLD)
Worldcoin is known for its approach to identity verification. It uses advanced biometrics to create unique digital identities, called World IDs. These World IDs are designed as “global digital passports” for a future increasingly influenced by artificial intelligence and digital interactions. Recently, Worldcoin expanded its reach by integrating with the Solana blockchain, focusing on enhanced user verification. This move was facilitated by Wormhole, an interoperability protocol that connects the state root (snapshot of basic data) of World IDs from Ethereum to Solana.
The integration aims to provide Solana-based projects with a tool to mitigate spam and bot-related issues that are prevalent due to Solana’s low transaction fees. World ID can act as a deterrent to spam and Sybil attacks, providing a layer of verification to the network. While there are legal and privacy concerns surrounding biometric authentication, this integration highlights how Worldcoin’s technology addresses real-world challenges. For Solana, which often deals with high levels of bot activity, World ID offers a potential solution to reduce these issues.
3. Artificial Intelligence Super League (FET)
The AI cryptocurrency space is growing rapidly, with tokens such as the League of Superintelligence (FET) leading the charge. Over the past week, the price of FET has surged by 2.09% to $1.3. This growth has contributed to increased activity in the AI-focused cryptocurrency market. FET’s recent gains are attributed to its breakout above long-term trendline resistance, indicating strong bullish momentum. Large trades and whale activity have supported the uptrend, with a notable 11% gain driven by $56.14 million in trading volume on September 10. Although FET is trading at $1.5, technical analysis suggests there is potential for further growth.
The token could break above the 200-day exponential moving average (EMA) in the short term, signaling the start of a new bull run. In addition to price/performance, the AI Super League has proposed to incorporate CUDOS, a leader in distributed AI computing, into its ecosystem. The proposal will be put to a community vote from September 19 to September 24, 2024. If the integration is approved, the CUDOS token (CUDOS) will merge with FET to create a unified network under one ecosystem. The merger aims to enhance the alliance's capabilities by combining resources and technologies to promote the development of large-scale AI and machine learning applications.
4. Cardano (ADA)
Cardano is a well-known blockchain known for using a Proof of Stake (PoS) consensus mechanism, in stark contrast to Bitcoin’s energy-intensive Proof of Work (PoW) system. Cardano stands out for its use of a peer-reviewed research process in the development of its technology. This approach allows for external validation of ideas and, according to the team, ensures the durability and stability of the blockchain by resolving potential issues before they arise.
Recently, it was reported that EMURGO, a blockchain company dedicated to promoting the commercial application of Cardano, has cooperated with Zilliqa Group, which focuses on Web3 and metaverse projects in the fields of luxury and entertainment. The cooperation aims to enhance the interoperability between the Cardano and Zilliqa ecosystems, thereby achieving more integrated and secure transactions between the two platforms. The cooperation will also involve the creation of interoperable liquidity channels, thereby promoting a smoother user experience between the two networks.
EMURGO will contribute its expertise in Web3 technologies, including stablecoins and wallet infrastructure, to help tokenize luxury assets on the Zilliqa platform. The move is in line with Cardano’s broader goal of expanding its influence in different sectors. Additionally, the Cardano team is planning a major upgrade called Leios, which is expected to be released in Q4 2024. The upgrade is expected to increase transaction speeds, potentially outperforming competitors such as Solana while maintaining the decentralized nature of the network. Additionally, Leios is part of a larger roadmap that includes other solutions such as Hydra and sidechains to increase Cardano’s scalability and efficiency. Cardano’s focus on academic rigor, sustainability, and strategic partnerships reflects its efforts to create a long-term, reliable blockchain infrastructure.
