As the cryptocurrency market matures, a few altcoins stand out for their growth potential in 2024. H
As the cryptocurrency market matures, a few altcoins stand out for their growth potential in 2024. Here’s a closer look at some promising candidates:
1. BlockDAG
BlockDAG is gaining traction as a high-performance blockchain alternative, emphasizing scalability and speed. Its unique Directed Acyclic Graph (DAG) technology enables efficient transaction processing, making it a top pick for innovation-driven investors. Early adopters have already seen significant returns, and projections suggest massive growth potential as it builds its community and ecosystem.
2. XRP
$XRP continues to shine as a leader in facilitating fast, low-cost cross-border payments. With Ripple's ongoing legal clarity and partnerships expanding globally, $XRP is poised for further growth. Analysts predict its price could reach $1.96 if current trends persist.
3. Toncoin ($TON )
Backed by Telegram's ecosystem, Toncoin leverages integrations with the app's vast user base, targeting a significant share of its 800 million users by 2028. Its utility and scalability position it as a potential leader in blockchain mass adoption.
4. Arbitrum ($ARB )
Arbitrum enhances Ethereum's network with faster and more cost-effective transactions through Layer-2 scaling solutions. Its optimistic rollups have drawn developers and users seeking alternatives to Ethereum's high fees, making it a solid choice for long-term investment.
5. Shiba Inu ($SHIB )
Despite its origins as a memecoin, Shiba Inu's ecosystem including Shibarium, a Layer-2 scaling solution continues to evolve. Its strong community and ongoing developments in decentralized finance (DeFi) and non-fungible tokens (NFTs) make it a contender for future growth.
6. Sei ($SEI )
This high-speed blockchain is tailored for applications requiring quick transaction processing, such as gaming and decentralized exchanges. With its focus on scalability and eco-friendliness, Sei is well-positioned for adoption in industries demanding performance.
The crypto market in 2024 presents opportunities for those who focus on altcoins with robust ecosystems, innovative technology, and real-world use cases. Conduct thorough research, monitor market trends, and consider these projects for their growth potential.
New ASI Token Stats and Figures
New ASI Token Stats and Figures
Token mergers are not unheard of in the crypto space: Klaytn-Finschia (Kaia) and Mantle-BitDAO deals are a couple more examples. The biggest question with a merger of such a scale is how the new tokenomics are supposed to work.
The total supply of the ASI token is going to be 2.63055 billion. With token supplies of 2,630,547,141 FET with 1,419,566,631 AGIX and 1,408,900,141 OCEAN on top, how will the conversion work? FET tokens migrate to ASI without denomination, in the 1:1 ratio. The current circulating supply of nearly 850 million FET becomes 850 million ASI.AGIX tokens migrate to ASI in a 1:0.43335 ratio, or 1 AGIX = 0.4335 ASI. The current circulating supply of nearly 1.29 billion AGIX becomes roughly 558 million ASI.OCEAN tokens migrate to ASI in a 1:0.433226 ratio, or 1 AGIX = 0.433226 ASI. The current circulating supply of nearly 568 million OCEAN becomes roughly 246 million ASI.This makes the starting supply of ASI roughly 1.652 billion tokens, or 62.8% of the total supply. The tokens that were never released by AGIX and OCEAN are to be burned.
ASI Token Merge: Potential and Future
Key TakeawaysAll You Need to Know About the ASI Token MergerNew ASI Token Stats and FiguresASI Token Future ForecastConclusionDisclaimer
Bringing humankind closer to Artificial General Intelligence (AGI) is an undertaking that requires bold measures. Three AI projects from the blockchain industry — Fetch.ai, SingularityNET, and Ocean Protocol — will join forces to make decentralized AGI and even superintelligence a reality. Read our explainer to learn how it would work and what are the prospects of the ASI token.
Key TakeawaysFetch.ai, SingularityNET, and Ocean Protocol will become a single ecosystem, the Artificial Superintelligence (ASI) Alliance with a new utility token ASI. This merger aims to accelerate AI technologies toward AGI and ASI while steering it toward being decentralized and fair.After the merger, the new asset is estimated to harness the value of all three original projects. With supply metrics and price dynamics in mind, ASI is primed to have a market cap comparable to Arbitrum, the largest Ethereum L2, and OKB, a major crypto exchange’s utility token.By extrapolating the price forecast made for FET, AGIX, and OCEAN, we try to predict how much ASI will be worth in the short and long term.All You Need to Know About the ASI Token MergerWhat is the Artificial Superintelligence Project?
Source: Artificial Superintelligence Alliance on X
In March 2024, three AI-adjacent blockchain projects: Fetch.ai, SingularityNET, and Ocean Protocol announced the creation of the Artificial Superintelligence (ASI) Alliance. The three projects pledge to join efforts to ensure that the imminently emerging artificial general intelligence (AGI) and superintelligence are open, decentralized, and built to benefit humanity.
In the meantime, ASI Alliance will act as an ecosystem that combines the ecosystems of the original platforms.
Fetch.ai is a network of autonomous machine-to-machine nodes, powered by the Multi-Agent Systems (MAS) and blockchain technology. The FET tokens pay for deploying modular components and secure the Cosmos-based blockchain through staking.SingularityNET is a launchpad for decentralized AI products and applications and the infrastructure for them to interact. Their native token AGIX acts as the currency of the platform.Ocean Protocol builds a data economy platform to connect owners of sought-after datasets and interested parties. The latter pay the former in the OCEAN token, so its main use case is monetization.How is This Merger Beneficial?
The three blockchain projects have already been partners in the AI sphere. A single, unified ecosystem will provide their users with better interoperability and collaboration. The latter is particularly important in the stated goal of the ASI Alliance: acceleration toward decentralized AGI and the next stages of its evolution.
Due to the sheer scale of the endeavor, the merger and migration will occur in a few phases. On July 1, when the first phase starts, OCEAN and AGIX will initiate migration to FET through the SingularityDAO dApp. The conversion rates into FET and ASI are the same as outlined above.
FET holders will need to take action when the second phase begins. In this phase, AGIX and OCEAN conversion to FET will be stopped and the migration will happen directly to ASI contracts.
New ASI Token Stats and Figures
Token mergers are not unheard of in the crypto space: Klaytn-Finschia (Kaia) and Mantle-BitDAO deals are a couple more examples. The biggest question with a merger of such a scale is how the new tokenomics are supposed to work.
The total supply of the ASI token is going to be 2.63055 billion. With token supplies of 2,630,547,141 FET with 1,419,566,631 AGIX and 1,408,900,141 OCEAN on top, how will the conversion work? FET tokens migrate to ASI without denomination, in the 1:1 ratio. The current circulating supply of nearly 850 million FET becomes 850 million ASI.AGIX tokens migrate to ASI in a 1:0.43335 ratio, or 1 AGIX = 0.4335 ASI. The current circulating supply of nearly 1.29 billion AGIX becomes roughly 558 million ASI.OCEAN tokens migrate to ASI in a 1:0.433226 ratio, or 1 AGIX = 0.433226 ASI. The current circulating supply of nearly 568 million OCEAN becomes roughly 246 million ASI.This makes the starting supply of ASI roughly 1.652 billion tokens, or 62.8% of the total supply. The tokens that were never released by AGIX and OCEAN are to be burned.
How will the FET/AGIX/OCEAN supplies be distributed in the ASI total supply? Here is a visualization.
The ASI Alliance expects the merger to combine the total values (i.e. market capitalizations) of three projects and more. Fetch.ai today has $1.352B, SingularityNET has $852M, and Ocean Protocol has $374M, bringing the total to $2.58B. Theoretically, this would place it between Arbitrum’s token ARB and OKB at 35th place in the CoinMarketCap ranking today.
However, market capitalization, as we explained in other guides, is a relative value derived from the asset’s price-to-supply ratio. Will it be different if we rerun the numbers?
Let's assume ASI at launch were to cost as the average of current FET ($1.59), AGIX ($0.6605), and OCEAN ($0.652) prices, adjusted for conversion. With ASI worth $1.54, its market capitalization with the estimated circulating supply we got would be closer to $2,544 billion. Nevertheless, in the same ranking, it would land at 35th place all the same.
As we can see, the new tokenomics accounted for the supply dynamics of all three cryptocurrencies. Moreover, the merger has the potential to make ASI more prominent due to the perceived value of the combined asset.
ASI Token Future Forecast
Since we have already entered the price prediction territory with our projections for the launch price, why not continue? Let’s try coming up with an ASI price forecast by extrapolating targets from price predictions made for the original tokens.
ASI Price Prediction 2024
According to a FET price prediction by 30Rates, the token can reach the maximum price for 2024 as soon as the end of June. Since on July 1, Fetch.ai will be converted to the $ASI token, the highest price predicted for ASI in 2024 is $2.32 in December and the lowest ASI price is expected to hit $0.95. Considering that a merger is such a significant event, it might cause a price swing in either direction before it stabilizes.
To try another way, we can look at the SingularityNET price forecast by AMB Crypto that considers the merger. By December, the AGIX price would have been $0.94–1.01; after the conversion, it becomes $2.17–2.33. Looks quite realistic!
And for reference, let’s compare it to the Ocean Protocol price prediction and how it would apply to ASI. The average price CoinWire forecasts for OCEAN in 2024 is $0.85, which would become $1.96 in ASI.
$ASI
2 Altcoins That Feel Like Stumbling on Ethereum (ETH) or Solana (SOL) at a Dollar
Ethereum and Solana: The Trailblazers That Defined Dollar-to-Millions Crypto Success
With smart contracts, decentralized apps, and a burgeoning DeFi and NFT ecosystem stage, Ethereum transformed the blockchain space. Early investors witnessed ETH’s unmatched utility and transforming power as it climbed from under $1 to over $4,800 at its peak. Although Ethereum’s general acceptance solidified its place as the backbone of the blockchain universe, its high transaction fees and scalability issues let other challengers surface. Solana presented a faster and more reasonably priced substitute for Ethereum. Solana’s lightning-fast transaction rates and low fees enticed developers and projects, hence boosting its value from less than $1 to a record high of more than $260. Its growth highlighted the enormous potential of novel blockchain solutions that address Ethereum’s restrictions, resulting in generational wealth for early adopters. These two behemoths paved the path for today’s promising cryptocurrencies, including Rexas Finance and Arbitrum.
Rexas Finance (RXS): The Rising Star of DeFi
Rexas Finance is about utility-driven platforms using blockchain to transform sectors such as real estate tokenization and cross-border finance, not only about hype. This creative ecosystem provides several services: staking, yield farming, and DeFi financing. People are already drawing comparisons between Rexas Finance and the early days of Ethereum, both of which started at similar price levels before experiencing explosive expansion as the presale picked up speed. Entering Stage 7 of its presale at $0.09, Rexas Finance is drawing interest all around the crypto scene. Rexas Finance is positioned as a game-changer in decentralized finance (DeFi), having raised over $15 million and sold more than 232 million tokens. Successful audits carried out by top blockchain security company Certik and listings on CoinMarketCap and CoinGecko help to support the credibility of the project by thereby confirming its legality and appeal. Offering 20 lucky participants $50,000 worth of RXS tokens apiece, the $1 million prize under progress provides even more thrill for investors. Even before considering long-term growth possibilities, the token’s upcoming listing price of $0.20 points to a possible 122% return for presale players. Rexas Finance is a must-watch for ambitious investors since it might readily follow Ethereum’s path as it gets popular.
Arbitrum (ARB): Revolutionizing Ethereum Scalability
Another altcoin worth looking at is Arbitrum, an Ethereum layer-two (L2) scalability fix. For those seeking a high-potential token at a reasonable price, it is easily within reach at a current price of $0.89 as of writing. Arbitrum improves Ethereum’s speed and scalability with optimistic rollups. Arbitrum provides a solution with many reduced fees and increased throughput by moving much of the processing and storage off-chain. Though it’s a scalable solution, Ethereum’s security and interoperability keep developers and consumers looking for efficiency without compromising dependability a preferred alternative. Arbitrum is notable for its environment. The platform has drawn a lot of decentralized apps (dApps) and protocols, therefore fostering a vibrant scene for invention. Arbitrum is essential for Ethereum’s continuous supremacy on the blockchain since its scalability problems call for solutions. As Ethereum gas fees remain high, Arbitrum offers a low-cost option that is gaining favor among retail and institutional customers. Its sub-dollar price suggests early-stage potential, the same as how Solana traded before its meteoric ascent to almost $200.Arbitrum is already listed on major exchanges, making it open to investors. With its rich ecosystem and expanding acceptance, ARB represents a great starting point at its current price of $0.89 as of writing.
Arbitrum البيانات الاجتماعية
في آخر 24 ساعة، درجة المعنويات على منصات التواصل الاجتماعي لعملة Arbitrum بلغت 3.3، وكانت المعنويات على منصات التواصل الاجتماعي تجاه توجه سعر عملة Arbitrum صعودية. كانت النتيجة الإجمالية لعملة Arbitrum على وسائل التواصل الاجتماعي 301,789، وجاءت في المرتبة 24 بين جميع العملات المشفرة.
وفقًا لموقع LunarCrush، في آخر 24 ساعة، بلغ إجمالي إشارات العملات المشفرة على منصات التواصل الاجتماعي 1,058,120 مرة (مرات)، مع ذكر Arbitrum بنسبة تكرار %0.07 ، فجاءت في المرتبة 36 بين جميع العملات المشفرة.
في آخر 24 ساعة، إجمالي عدد المستخدمين الفريدين الذين ناقشوا عملة Arbitrum بلغ 3,606، وبلغ إجمالي عدد إشارات عملة Arbitrum 767. ومع ذلك، وبالمقارنة مع الـ 24 ساعة السابقة، بلغ عدد المستخدمين الفريدين تقليل بنسبة %0 ، والعدد الإجمالي للإشارات تقليل بنسبة %14 .
وعلى تويتر، بلغ إجمالي التغريدات 25 التي تشير إلى عملة Arbitrum خلال آخر 24 ساعة. من بينها، %44 صعودية لعملة Arbitrum، و هبوطية لعملة Arbitrum، و%36 محايدة لعملة Arbitrum.
إنّ عدد المنشورات على موقع Reddit بلغ 118 والتي تُشير إلى Arbitrum خلال الـ 24 ساعة الماضية. وبالمقارنة مع الـ 24 ساعة الماضية، فإن عدد الإشارات تغيّر تقليل بنسبة %6 .
نظرة عامة على جميع مواقع التواصل الاجتماعي
3.3