The NEAR protocol, a layer-one blockchain, is emerging as an advanced solution to address the main challenges in the cryptocurrency field, such as slow transactions and poor interoperability between different chains. Currently, NEAR is priced at $5.22 and has a market capitalization of $6.
The altcoin market is showing signs of a potential bullish breakout, with Chainlink hinting at a market upswing.
Bitcoin (BTC) had a reasonably positive weekend, pushing back above $63,000 after dropping to a low of $60,031 on Thursday. The world's largest cryptocurrency is up by almost 3% over the past 24 hours, reaching a high of $63,916 earlier today before sellers pushed the price back below $63,500.
INJ showed resilience throughout the September rally, but a hidden risk still lingers, threatening to undermine its recovery potential.
It appears that the Artificial Superintelligence Alliance (FET) is poised for a massive price decline as it has formed a bearish price action pattern on a daily time frame. In addition, FET's on-chain metrics such as future open interest, Long/Short ratio, and liquidation levels are signaling bearish market sentiment and potential price decline.
As the market buckles under the weight of the bearish sentiment, the altcoin market is continually being pulled further down forcing losses to altcoin holders. Injective is one of those altcoins facing massive losses with the token's price slashed by 20% since last week, representing a strong bearish sentiment in INJ's market.
Recent price action is painting a bearish picture for FET, with the Relative Strength Index (RSI) signaling the potential for further declines. As the RSI hovers in bearish territory, the momentum seems to be favoring sellers, raising concerns of a deeper downturn.
NEAR price action makes for one of the most robust altcoins in the crypto market right now. The NEAR protocol has been making significant strides in the blockchain space, and recent developments highlighted by the On-chain analytics platform Our Network suggests that NEAR is ready to hit $10 by the end of the year.
OpenAI's latest funding could be a great development for the Sam Altman-led company. However, for Artificial Intelligence (AI) coins, including Bittensor (TAO) and Artificial Superintelligence Alliance (FET), it is a classic “sell the news” event.
For now, however, the poor short-term performance does not seem to have affected the medium-term one.
An analyst has identified a bearish pattern on the USDT dominance chart which now signals an impending rally for the altcoin market
AI and big data tokens lose ground, with NEAR suffering the biggest hit amid a broader market decline.
AI and big data tokens lose ground, with NEAR suffering the biggest hit amid a broader market decline.
FET price has seen significant price action recently, driven in part by shifting market sentiment following CUDOS' addition to the Artificial Superintelligence Alliance (ASI). Despite this development, some concerns have emerged regarding FET's price potential.
TL;DR Injective 3.0 Launch: The upgrade introduces an aggressive token burn mechanism to transform INJ into a highly deflationary asset, potentially driving up its value. Market Dynamics Shift: The reduction in INJ supply is expected to enhance scarcity, making the token more attractive to investors and possibly leading to significant price appreciation.
One of the biggest goals is to cut down the supply of INJ tokens. It could make it one of the most deflationary assets in all of crypto.
FET price is showing some unusual patterns that could impact its direction in the near future. Recent activity from major holders has caught attention, raising questions about what's next for the token.
Fetch AI (FET) price has recently experienced a notable increase despite minor market downturns, highlighting its resilience. This outlook can be attributed to the upcoming Coinbase listing of FET perpetual futures, which may catalyze further gains.
Injective, a Mark Cuban-backed layer-1 network, bounced back, rising to its highest level in over two months as whale activity increased. Injective (INJ) token jumped to $24.87 on Tuesday, Oct.
Following the lead of Bitcoin (BTC), the altcoins are starting to break out and recover their lost gains of the last six months. $SUI, $INJ, and $FTM are among the altcoins currently making the fastest progress to the upside.
Bitcoin (BTC) sank further, dropping below $64,000 following a drop of 1.22% over the past 24 hours. The drop comes despite positive sentiments around the world's largest cryptocurrency and an increase in spot Bitcoin ETF inflows.
NEAR Protocol has seen remarkable bullish momentum over the past two weeks, with its price surging by more than 50%. Despite facing resistance at a key price level, the altcoin remains well-positioned for further gains.
The price of Artificial Superintelligence Alliance (FET) has surged by 35% this month, marking a strong recovery after previous declines during the early phases of the AI coin mergers. This recent performance has made September a positive month for the cryptocurrency.
At Token2049, Injective (INJ)impressed with keynotes, panels, and engaging activities, showcasing its influence in the web3 space.
Here is how some of your favorite assets concluded the week.
Recent reports from blockchain analytics firm Lookonchain revealed that the whale liquidated 150,428 INJ tokens, valued at approximately $3.29 million. The transaction involved swapping these tokens for an impressive 2.44 million LDO tokens, worth around $3.05 million at the time of the exchange.
NEAR Protocol has been one of the standout performers in the crypto market recently, posting remarkable gains and drawing the attention of investors. Over the past week, NEAR has surged by 34.5%, and it continued this momentum with a 12% increase in just the last 24 hours, as reported by Coin Market Cap.
Injective has experienced a sustained uptrend over the past month. INJ has surged by 10.99% over the past 24 hours.
Injective (INJ) price has recently experienced a significant bullish breakout. The INJ price is currently following an upward trend.
Uniswap joined NEAR Protocol as top performer, gaining 3.9%.
Over $440,000 in FET long positions were liquidated in the last 24 hours.
DWF labs reportedly deposited 1 million Artificial Superintelligence Alliance (FET) tokens (approx worth $1.68 million) to the crypto exchange Binance. This major move comes in when the FET price has jumped by around 42% since these token entered their portfolio.
A crypto strategist closely followed for well-timed altcoin predictions thinks one Ethereum (ETH) challenger is ripe to ignite big upside bursts. Pseudonymous analyst Bluntz tells his 275,500 followers on the social media platform X that Near (NEAR) has taken out the diagonal resistance of a falling wedge pattern on the three-day chart.
Seasoned crypto trader switches focus from mainstream meme coins to AI crypto after a few badly-timed plays.
FET is establishing itself as the dominant force in the AI cryptocurrency space, outperforming its competitors in both market cap and trading volume. With 75% of addresses in profit and a recent golden cross signaling strong bullish momentum, FET may be on the verge of a significant rally.
Both the INJ/USD and RUNE/USD pairs have broken out in favour of these altcoins over the last week. Can they both break the downtrend, or could the BTC/USD pairing break down and turn these altcoin price movements into a fake-out?
Near Protocol (NEAR) has been making significant strides in the cryptocurrency market, thanks to its unique features such as high transaction speeds, low fees, and a commitment to climate neutrality. Currently trading at approximately $5.17, NEAR has attracted considerable attention from investors seeking promising opportunities.
NEAR's recent rally has catapulted it to the forefront of the week's top-performing cryptocurrencies.
Check out which cryptocurrencies were involved in the most discussions on September 23.
Bitcoin's return to $60,000 and surging AI tokens like ICP, FET, and INJ spark discussions of a potential altcoin rally.
Injective (INJ), a decentralized trading platform, has captured attention in the cryptocurrency market with its notable performance over the past week. The token has seen an 18% rise in value after breaking out of a month-long descending channel.
NEAR extends its 50% gain as user activity, network TVL and a critical network upgrade boost interest in the blockchain.
The ASI coalition expands as Kamala Harris gives kudos to the artificial intelligence and digital asset sectors.
Artificial intelligence cryptos stole the show today as Bitcoin retraced from the crucial resistance at $64K. The total market capitalization of all AI digital assets increased by 10.7% in the past day to $29.9 billion, with 24-hour trading volume above $2.5 billion, according to CoinGecko data.
Bitcoin remained steady above $63,000 on Tuesday, showing resilience after a brief rejection above $64,000. Despite minor fluctuations in the broader cryptocurrency market, Bitcoin held firm, while altcoins like Cardano and NEAR Protocol surged, leading gains by up to 7%. In the past 24 hours, Bitcoin dipped slightly by 0.2%, trading around $63,400.
Bitcoin (BTC) surged past $64,000 on Monday, rising to a high of $64,400 before dropping to its current levels. The world's largest cryptocurrency has been up over 8% during the past seven days as it continues its rally following the 50 bps rate cut by the Federal Reserve.