Currently, the price action in the cryptocurrency market is gradually moving upwards, reflecting the continued growth of investor sentiment. Notably, Bitcoin has rebounded above the $59,000 level, with other tokens also seeing similar gains. Some Altcoin have shown resilience and broken through resistance levels, indicating the strength of the current market environment.
These Altcoin have also received important partnerships and developments aimed at increasing their appeal and attracting more market participants. As a result, investors are increasingly attracted to these tokens in search of potential gains. InsideBitcoins provides daily market analysis, offering a curated list of the top cryptocurrencies worth buying right now.
The best cryptocurrencies to buy right now
Cardano’s recent Chang hard fork marks a major step towards enhanced decentralized governance for the network.
ADA
Cardano’s recently initiated Chang hard fork represents a major step towards decentralized governance within the network. As part of Cardano’s wider “Voltaire” phase, the upgrade allows ADA holders to directly participate in governance by either voting themselves or delegating their votes to delegates.
The Chang hard fork on September 1 marked the beginning of the “Conway Ledger Era”. This era introduced on-chain participatory governance through CIP-1694, established a constitutional committee, and created new roles for stake pool operators. These changes will be implemented gradually over the next 90 days, with the first phase focusing on ensuring security and continuity as the network transitions.
Additionally, the upgrade enhanced Plutus scripts, facilitated advanced voting mechanisms such as DAO voting, and improved cryptographic security and smart contract performance. However, despite the importance of the upgrade, the value of Cardano’s native token, ADA, has fallen.
On the day of the hard fork, ADA fell 2.4% to $0.333, and fell to $0.3366 at press time, with an intraday drop of 3.7%. However, ADA trading volume surged 75.09% to $232 million.
Furthermore, the token is up 29% year to date. Last month, the token also recorded 15 positive trading days and has high liquidity relative to its market capitalization.
Technical analysis shows that Cardano’s token has growth potential. The 14-day relative strength index (RSI) is currently at 54.97, indicating a neutral stance and suggesting that the cryptocurrency could move sideways.
The latest price prediction by Coincodex predicts that Cardano’s value could grow by 16.10% by October.
DOT
Polkadot recently partnered with American professional soccer club Inter Miami CF. The blockchain’s logo is now featured on the team’s training jerseys. The partnership enables Polkadot to connect with Inter Miami’s fan base through various initiatives, including interactive fan zone events, visible branding at training facilities, and digital activations.
As a major partner, Polkadot has the opportunity to promote its brand within the club’s home stadium, Chase Stadium. The partnership also extends to Inter Miami’s digital platforms, including social media, potentially increasing Polkadot’s visibility and appeal.
The blockchain also announced several other partnerships and developments, further solidifying its position in the Web3 space. Polkadot launched PBA-X, a virtual academy designed to advance blockchain education and train future blockchain experts. The platform introduced dynamic NFTs, whose value and properties can evolve over time, marking another step forward in its technological innovation.
Additionally, the DOT token is trading at $4.232 at press time, down 1.63% intraday. Despite this, DOT’s trading volume has increased significantly by more than 50% to $95 million, according to CoinMarketCap. The surge in trading volume has sparked speculation about the future price trend of the platform.
FET
Fetch.ai recently announced a partnership with GameSwift. The integration combines FET’s AI technology with GameSwift’s web3 gaming platform, GameSwift Launcher.
It further aims to leverage the unused computing power of GameSwift Launcher users to support AI development through Fetch.ai’s proxy infrastructure.
As part of this collaboration, GameSwift will join the Fetch.ai Foundation as its first web3 gaming partner, taking a leading position in the gaming space. This integration will enable users of the GameSwift Launcher to contribute their GPU power to AI projects and receive rewards. This approach may advance the development of AI while providing a novel way for users to participate in AI development.
Meanwhile, AI Supercoin surged 1.52% to $1.19 during intraday trading, with trading volume surging 29.51% to $227 billion, according to CoinMarketCap data.
Moreover, the coin is currently trading 37.35% above its 200-day simple moving average of $0.869975, which suggests a continued bullish trend. Moreover, the coin’s 14-day RSI is at 62.81, which shows a neutral trend, suggesting that sideways movement is likely in the short term.
The collaboration between Fetch.ai and GameSwift offers potential for innovation in AI and web3 gaming, while financial indicators suggest that market sentiment is cautiously optimistic.
RENDER
Render is a platform that allows users to contribute their unused GPU capacity to render visual effects and motion graphics. Despite the overall volatility in the cryptocurrency market, Render has remained stable, indicating a continued steady demand for its services.
According to RENDER historical price data from CoinMarketCap, the token peaked at $13.15 on March 18. However, its value has since declined, and recently dropped by 0.05% to currently trade at $5.132.
Despite the price drop, Render’s on-chain metrics have changed significantly. Specifically, large holders (often referred to as “whales”) have seen a significant increase in Render accumulation.
At the beginning of July, these top addresses held approximately 51.5% of the total supply. This figure has since risen to 71.5%, marking a 20% increase in whale holdings over the past few months. This massive accumulation could mean that Render’s price could see a recovery.
Create a high-quality circle, mainly spot goods
Conditions: Overall position ≥ 10,000u. If you want to join, scan the QR code below!
(There is too little room for hundreds or thousands of operations. If you don’t have one, you can also send a private message. As long as you have a skill such as on-chain data, on-chain meme crawling, etc., you can also join after passing the screening)
Details are as follows:
If you have any good specific content, please add anything you think of in the group. Anyway, let’s stick together and keep each other warm!
I will do a more detailed analysis in the communication group. If you want to join my circle, please contact directly 👇🏼👇🏼👇🏼
