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

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

InsidebitcoinInsidebitcoin2024/10/21 05:07
By:Insidebitcoin

The Altcoin Season Index shows signs that altcoins could be set for a rebound after a period of underperformance compared to Bitcoin. Currently, altcoins, particularly AI and meme coins, are drawing attention from traders and seeing some growth.

A key resistance point at $644 billion in market capitalization is significant. If the altcoin market breaks through this level, it may lead to a larger rally, potentially pushing the market up to $740 billion. The recent low in the Altcoin Season Index, the lowest since early September, suggests that altcoins could soon gain momentum. As such, InsideBitcoins analyzes the best cryptocurrencies to invest in right now , helping investors search for coins with growth potential. 

Best Cryptocurrencies to Invest in Right Now

The Graph has recently integrated with the Unichain testnet, enabling developers to organize and query on-chain data more efficiently through subgraphs. Furthermore, Aptos has established a significant presence in the crypto ecosystem, accumulating 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 South Korea. These advancements reflect ongoing efforts within the crypto and tech industries to innovate and improve services for developers and users alike.

1. The Graph (GRT)

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

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

Best Cryptocurrencies to Invest in Right Now October 20 – Theta Network, Aptos, Internet Computer image 0 Best Cryptocurrencies to Invest in Right Now October 20 – Theta Network, Aptos, Internet Computer image 1

Currently, GRT is priced at $0.1751, showing an intraday increase of 5.34%. Over the past week, the token has gained 10.06%, and in the past month, it is up 11.35%. The market sentiment is bullish, with the Fear & Greed Index at 73 (Greed). Moreover, CoinMarketCap data shows 90% of the community is positive about the token’s prospects.

In terms of technical performance, GRT is trading 49% above its 200-day simple moving average, which is currently $0.117455. The token has experienced 15 green days in the past 30 days, indicating a 50% positive movement. Its liquidity is also strong, supported by its market cap.

2. Aptos (APT)

Aptos is a layer-one blockchain developed with scalability, safety, and reliability as its core features. It aims to tackle challenges like high transaction fees and network congestion, which were issues for blockchains such as Ethereum before its shift to Proof-of-Stake. 

Over the past two years, Aptos has made its mark in the crypto ecosystem, reaching 27.7 million unique addresses that have interacted with the network. This shows significant user engagement. Since its inception, the network has processed 1.7 billion transactions, reflecting its capacity to handle large volumes. One of the key factors contributing to this is its focus on maximizing Transactions Per Second (TPS).

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Furthermore, Aptos has also expanded strategically, with its acquisition of Palette Chain marking an entry into the Japanese market. This aligns with its goal of improving scalability, security, and transaction efficiency. Projects like Propbase, which uses Aptos for tokenized real estate, benefit from this focus on reliable infrastructure.

At press time, Aptos is priced at $9.83, with a 24-hour trading volume of $1.05 million. Its market capitalization stands at $5 billion, accounting for 0.21% of the market. 

The price has risen by 1.05% in the last 24 hours, and market sentiment is currently bullish, as indicated by the Fear & Greed Index reading of 73, which signals “greed.” The token is trading above its 200-day simple moving average and has seen 18 green days out of the last 30. 

3. Internet Computer (ICP)

The Internet Computer blockchain introduces a new approach to blockchain design, using advancements in cryptography to power what it calls a “World Computer.” This blockchain allows developers to create various online systems and services, including complex platforms like social media, without relying on traditional IT infrastructure such as cloud computing services.

Currently, the price of the ICP token is $8.22, with a 24-hour trading volume of $85.42 million and a market cap of $3.87 billion. Moreover, the token registers a price increase of 2.36% in the past day. Over the last year, the price has increased by 153%, outperforming 64% of the top 100 crypto assets.

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

Current market sentiment is neutral, with a Fear & Greed Index reading of 73, which indicates some level of investor optimism. Over the past 30 days, the token has experienced price increases on 47% of those days, with a price volatility of 6.75%. 

4. Theta Network (THETA)

Theta Labs has collaborated with KAIST AI Lab, one of South Korea’s leading artificial intelligence research centers, to develop an AI-powered Virtual Try-On plugin for Shopify. This tool aims to enhance the online shopping experience by enabling customers to virtually “try on” tops, such as shirts, jerseys, and blouses, through a simple upload of a selfie. 

The Virtual Try-On feature is designed to increase engagement for e-commerce platforms and potentially boost sales conversions by offering customers a way to visualize products before purchasing. Theta and KAIST AI Lab plan to extend this tool’s capabilities in the future, adding more complex wearables like hats, bottoms, and accessories.

Following the introduction of this technology, Theta’s token saw an intraday price increase of 4.30%, trading at $1.34. The token currently trades above its 200-day simple moving average, a positive technical indicator. Additionally, its 14-day Relative Strength Index (RSI) stands at 58.16, suggesting that the asset is neither overbought nor oversold, indicating a neutral stance and possible sideways trading movement. 

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The token also displays strong liquidity based on its market capitalization, reflecting solid market interest and potential future stability. This development marks a significant step in Theta’s strategy to integrate AI technology into its platform. It highlights its ongoing efforts to collaborate with leading academic institutions like KAIST AI Lab.

5. Flockerz (FLOCK)

Flockerz has secured over $884,000 in its ongoing presale, positioning itself as a notable player in the meme coin space. It distinguishes itself by being one of the first meme coins fully governed by its community, giving users direct influence over the project’s direction. 

The project aims to reach its next milestone of $1 million in funding, with the current presale price set at $0.0058161 per FLOCK token. This price is expected to increase in the next two days. Investors interested in early involvement have a limited window to join at this rate.

Meanwhile, one of the project’s key features is its “Vote-to-Earn” model, where token holders can participate in governance decisions and earn rewards for their involvement. Community members play an active role in critical decisions, such as marketing strategies, token burns, expansion plans, and new features. By aligning the community’s interests with the project’s progress, Flockerz encourages ongoing engagement and participation.

Furthermore, the project emphasizes decentralization, as outlined in its whitepaper. Flockerz claims that no single entity has control, and decision-making power is distributed among its members. This model aims to foster a more equitable environment where users have a say in the project’s future. 

The collaborative nature of Flockerz encourages a shared sense of responsibility, which could lead to stronger community bonds and long-term commitment. Flockerz seeks to set a new standard in the meme coin sector, with its focus on community governance and decentralization standing out as its core value propositions. 

Visit Flockerz Presale

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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