Best Cryptocurrencies to Invest in Right Now October 20 – Theta Network, Aptos, Internet Computer

adminOctober 21, 2024

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The Altcoin Seasonal Index shows signs that altcoins may be rebounding after a period of underperformance compared to Bitcoin. Currently, altcoins, especially AI and meme coins, are attracting the attention of traders and are showing some growth.

The key resistance point at $644 billion in market capitalization is important. If the altcoin market breaks through this level, it could lead to a larger rally, potentially pushing the market size to $740 billion. The altcoin seasonal index’s latest low is the lowest since early September, suggesting that altcoins may soon gain momentum. Therefore, InsideBitcoins Best Cryptocurrency to Invest NowHelping investors discover coins with growth potential.

The best cryptocurrency to invest in right now

The Graph was recently integrated with the Unichain testnet, allowing developers to more efficiently organize and query on-chain data through subgraphs. Additionally, Aptos has built a significant presence in the cryptocurrency ecosystem, amassing 27.7 million unique addresses that have interacted with its network.

In another development, Theta Labs has partnered with KAIST AI Lab, a prominent artificial intelligence research center in Korea. These developments reflect the cryptocurrency and technology industry’s ongoing efforts to innovate and improve services for both developers and users.

1. Graph (GRT)

The Graph is a decentralized protocol focused on making blockchain data more accessible and organized. The goal is to provide reliable public infrastructure with an emphasis on economic security and data integrity.

The platform was recently integrated with the Unichain testnet, allowing developers to organize and query on-chain data using subgraphs. This support for the Unichain testnet is a step towards future integration with Subgraph Studio and The Graph Network once Unichain’s mainnet is launched.

GRT price chart

The current GRT price is $0.1751, up 5.34% intraday. Last week the token rose 10.06%, and last month it rose 11.35%. Market sentiment is bullish, with the Fear and Greed Index at 73 (greed). Additionally, CoinMarketCap data shows that 90% of the community is positive about the token’s prospects.

🔗 https://t.co/YB8wPCkCOT
— Graph (@graphprotocol) October 17, 2024

In terms of technical performance, GRT is currently trading 49% above its 200-day simple moving average at $0.117455. The token has experienced 15 green days in the last 30 days, representing a 50% positive movement. Liquidity is also solid thanks to the market capitalization.

2. Aptos (APT)

Aptos is a layer 1 blockchain developed with scalability, safety, and reliability as its core features. It aims to solve problems such as high transaction fees and network congestion that were problems with blockchains such as Ethereum before switching to proof-of-stake.

Over the past two years, Aptos has made a mark in the cryptocurrency ecosystem, reaching 27.7 million unique addresses interacting with its network. This shows significant user engagement. The network has processed 1.7 billion transactions since its inception, reflecting its high volume processing capabilities. One of the key factors contributing to this is our focus on maximizing transactions per second (TPS).

APT price chart

In addition, Aptos is in the process of strategic expansion, such as announcing its entry into the Japanese market through the acquisition of Palette Chain. This is consistent with our goals of improving scalability, security, and transaction efficiency. Projects like Propbase that use Aptos for tokenized real estate benefit from the focus on reliable infrastructure.

Happy birthday, Aptos!
Here’s what we’ve achieved together in just two years 🌐
– 27.7 million total active addresses
– 1.7 billion regular transactions
– 326 million transactions completed per day.
– 250 innovative projects #Other internal organs
We’re just getting started ⚡ pic.twitter.com/OMvk7oj0NX
— Aptos (@Aptos) October 18, 2024

As of press time, the price of Aptos is $9.83, and the 24-hour trading volume is $1.05 million. The market capitalization is $5 billion, accounting for 0.21% of the market.

The price is up 1.05% in the last 24 hours and market sentiment is currently bullish. This results in a Fear and Greed Index of 73, meaning “Greed.” The token is trading above its 200-day simple moving average and 18 of the last 30 days have been in the green.

3. Internet Computer (ICP)

Internet Computer Blockchain introduces a new approach to blockchain design that uses advances in cryptography to power what we call a “world computer.” This blockchain allows developers to create a variety of online systems and services, including complex platforms such as social media, without relying on traditional IT infrastructure such as cloud computing services.

The current price of ICP token is $8.22, with a 24-hour trading volume of $85.42 million and a market capitalization of $3.87 billion. Moreover, the token recorded a price increase of 2.36% over the past day. Over the past year, its price has risen 153%, outperforming 64% of the top 100 cryptocurrency assets.

ICP price chart

It also showed stronger growth compared to Bitcoin and Ethereum over the same period and is currently trading at a higher price than the initial token sale price. According to Coincodex, price predictions hint at potential growth, with some estimates predicting a 227.76% increase, reaching $26.35 by early November.

Market sentiment is currently neutral and the Fear Greed Index is at 73, indicating some level of investor optimism. Over the past 30 days, the price of the token rose by 47% in those days, with a price volatility of 6.75%.

4. Theta Network (THETA)

Theta Labs collaborated with KAIST AI Lab, one of Korea’s leading artificial intelligence research centers, to develop an AI-based Virtual Try-On plugin for Shopify. The tool aims to improve the online shopping experience by allowing customers to virtually “try on” tops such as shirts, jerseys and blouses simply by uploading a selfie.

The Virtual Try-On feature is designed to increase engagement on your e-commerce platform and potentially increase sales conversions by giving customers a way to visualize products before purchasing. Theta and KAIST AI Lab plan to expand the tool’s capabilities in the future to add more complex wearables such as hats, bottoms, and accessories.

We are excited to announce the launch of AI Virtual Try-On. @ShopifyAI-based ViTON software for e-commerce apps. Developed jointly with @kaist_ai SK’s #1 uni AI research center is now available in Shopify stores. @SoaRGaming And major! https://t.co/VZWyJij8QN pic.twitter.com/tLdzOsjGXG
— Theta Network (@Theta_Network) October 17, 2024

Following the introduction of this technology, Theta’s tokens rose 4.30% intraday to trade at $1.34. The token is currently trading above its 200-day simple moving average, which is a positive technical indicator. Additionally, the 14-day relative strength index (RSI) is 58.16, indicating that the asset is not overbought or oversold and that neutral positions and sideways trading movements are possible.

THETA price chart

Additionally, the token exhibits strong liquidity based on its market capitalization, reflecting solid market interest and potential future stability. This development is an important step in Theta’s strategy to integrate AI technology into its platform. This highlights our ongoing efforts to collaborate with leading academic institutions such as the KAIST AI Lab.

5. FLOCK

Flockerz It has secured over $884,000 in ongoing presales, establishing itself as a notable player in the meme coin space. As one of the first meme coins to be fully managed by the community, it stands apart in that it gives users direct influence over the direction of the project.

The project aims to reach the next stage of $1 million funding, with the current pre-sale price set at $0.0058161 per FLOCK token. These prices are expected to increase over the next two days. Investors interested in early participation have a limited period of time to participate at this rate.

The flock is hitting the gold, and soon you will be too 🐦💰 pic.twitter.com/VQ16zqpyXr
— Flockerz (@FlockerzToken) October 17, 2024

Meanwhile, one of the key features of the project is its “vote-to-revenue” model, which allows token holders to participate in governance decisions and earn rewards for their participation. Community members play an active role in important decisions such as marketing strategy, token burning, expansion plans, and new features. Flockerz encourages ongoing participation by aligning the community’s interests with project progress.

The project also emphasizes decentralization, as explained in the white paper. Flockerz argues that no single entity is in control and decision-making authority is distributed among members. This model aims to create a more equitable environment where users can have a say in the future of the project.

The collaborative nature of Flockerz encourages shared responsibility, which can lead to stronger community bonds and long-term commitment. Flockerz We aim to set a new standard in the meme coin sector, with a focus on community governance and decentralization, which stand out as our core value proposition.

Visit Flockerz Presale