5 Best Altcoins to Buy Now

Several altcoins, including RUNE and DOGE, are drawing attention due to recent analysis indicating they could be on the verge of breaking their weekly resistance levels.

Several altcoins, including RUNE and DOGE, are drawing attention due to recent analysis indicating they could be on the verge of breaking their weekly resistance levels. Historically, such breakouts have triggered significant price surges.

Meanwhile, market experts believe that the recent pullbacks in Bitcoin’s price were likely a calculated move by large investors, or “whales,” as they position themselves for an upcoming bull market. The analysts examined Bitcoin’s chart patterns, comparing them to past trends. They also noted how Ethereum and other altcoins have been setting up for prolonged rallies in recent months. Amid this market project, investors are searching for the best altcoins to buy now.

5 Best Altcoins to Buy Now

Stacks, the Bitcoin network’s smart contract layer, recently achieved a milestone by exceeding 1,400 smart contract deployments in a month. Meanwhile, Toncoin (TON), a cryptocurrency linked to the Telegram platform, saw a significant decline last month, losing over 20% of its value.

In contrast, Crypto All Stars (STARS), a new meme coin, has gained traction during its presale, reaching a $1.1 million mark. MicroStrategy’s Michael Saylor also forecasted that Bitcoin could soar to $13 million by 2045.

1. Stacks (STX)

Stacks recently surpassed 1,400 smart contract deployments in a month, a 30% increase over the previous month, as announced by the network. The growth comes ahead of the full activation of the much-anticipated Nakamoto upgrade, which began rolling out at Bitcoin block 840,360 on Aug. 28.

The rising interest in Bitcoin Layer 2 (L2) projects is reflected in venture capital investments, with over $94.6 million allocated to such initiatives in the second quarter of 2024 alone.

Experts see potential in Stacks’ ability to tap into an estimated $800 billion of latent capital within the Bitcoin ecosystem. This growing ecosystem could significantly expand BTC’s utility beyond traditional uses.

Only one secure way to activate the Bitcoin economy.

The rise of Stacks is inevitable ? pic.twitter.com/e0TpFb2UZR

— stacks.btc (@Stacks) September 9, 2024

The performance of the Stacks token has also been notable. STX trades at $1.53, following a 7.70% intraday rally. It has gained 241% in the past year, outperforming 86% of the top 100 crypto assets. The token trades above the 200-day simple moving average and has shown consistent momentum. For instance, it has recorded 15 positive trading days out of the last 30. Additionally, its liquidity remains strong to its market cap

2. Bittensor (TAO)

Bittensor is a decentralized network that merges blockchain technology with artificial intelligence (AI). Implementing Proof of Learning (PoL) ensures that nodes contribute reliable AI models while safeguarding user privacy. Its cross-chain functionality and native token, TAO, aim to expand the decentralized AI ecosystem, fostering collaboration within the community.

TAO’s PoL mechanism rewards only those nodes that provide successful AI models. This approach incentivizes the development of capable AI systems, maintaining performance standards across the network. Additionally, Bittensor’s token economy, driven by TAO, encourages participation from node operators and developers.

As of today, Bittensor’s token, TAO, is priced at $276.37, reflecting a 10.74% rise in the past 24 hours. Over the last year, its value has surged by 474%, outperforming 92% of the top 100 cryptocurrencies.

Subnet 24 @omegalabsai is expanding AI capabilities by processing Any-to-Any for text, audio and video in the same model.

Their new Focus App incentivizes users to contribute their work activity for better model training.

Watch the full episode: https://t.co/mGlKmjPXG9 pic.twitter.com/qBd7Ig0b2F

— Openτensor Foundaτion (@opentensor) September 7, 2024

Currently, it is trading 127.22% above its 200-day simple moving average, indicating strong upward momentum. With 15 green days in the last month, Bittensor shows positive short-term trends. Predictions suggest that TAO may rise significantly, reaching $897.19 by October 2024, representing a 227.33% increase.

3. Artificial Superintelligence Alliance (FET)

The collaboration between Artificial Intelligence (AI) and the crypto industry is deepening as both sectors

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