Crypto
Cryptocurrency: Top 3 AI Coins to Watch For Double Digit Gains
One cryptocurrency sector that has been gaining significant traction in recent times is the AI and big data space. According to a recent tweet by Santiment, a leading cryptocurrency analytics platform, the top 100 AI and big data projects have collectively grown their market caps by an impressive 22% in the past week.
As the AI and big data sectors continue to boom, three projects have emerged as front-runners, seeing major growth and attracting the attention of investors and traders alike. These projects are Openfabric AI (OFN), Aleph.im (ALEPH), and Akash Network (AKT).
Also read: Ripple (XRP) Forecasted To Hit $1.9 If This Happens
Openfabric AI (OFN)
Openfabric AI, a project focused on developing AI-powered solutions for various industries, has been the top performer in the AI and big data sectors over the past week. Additionally, with a 78% growth in its market cap, OFN has quickly become a coin to watch for potential double-digit gains.
Currently trading at $0.616, OFN has seen a 24-hour low of $0.5515 and a high of $0.6484, indicating strong momentum and investor interest.
Also read: Cryptocurrency: Top 3 Coins To Buy Now For 10X Gains In 2024
Aleph.im (ALEPH)
Aleph.im, a decentralized cloud computing platform that aims to provide a secure and scalable infrastructure for dApps and decentralized storage, has also seen significant growth in the past week.
With a 64% increase in its market cap, ALEPH has become another top contender in the AI and Big Data sector. In addition, trading at $0.261, ALEPH has recorded a 24-hour low of $0.2435 and a high of $0.2807.
Akash Network (AKT)
Akash Network, a decentralized cloud marketplace that enables developers to deploy and scale their applications, has seen a 49% growth in its market cap over the past week.
Currently trading at $5.13, AKT has experienced a 24-hour low of $4.88 and a high of $6.52, showcasing strong volatility and potential for significant price movements.
Also read: Shiba Inu or Dogecoin: Which Meme Coin To Buy For 10X Gain?
The AI and Big Data sector within the cryptocurrency space is experiencing a major boom, with projects like Openfabric AI, Aleph.im, and Akash Network leading the charge. As the sector continues to see advancements and speculative support from traders looking to gain exposure to artificial intelligence, these coins may be worth watching for potential double-digit gains.
Crypto
May 2024’s Essential Cryptocurrency Picks: Investors Buzzing Over BlockDAG X1 Mobile Mining App Amid Forecasts for Ondo, Optimism, and Aptos – NullTX
Investors are keenly looking for the next ample opportunity as the cryptocurrency market witnesses a surge in 2024. Amongst the frontrunners, BlockDAG steals the spotlight with its innovative mining technology, outpacing other popular options like Ondo, Optimism (OP), and Aptos. BlockDAG’s user-oriented mining solutions have positioned it as a top choice in May 2024’s cryptocurrency forecasts. The anticipation builds around the upcoming June 1 launch of BlockDAG’s X1 Mobile Mining beta app.
1. BlockDAG: Pioneering Simplified Mining Solutions
BlockDAG is reshaping the crypto-mining landscape with its easy-to-use mining options and robust technological backbone. The X1 mobile mining app from BlockDAG allows individuals to mine up to 20 BDAG coins daily using just their smartphones, offering a perfect start for novices and a convenient tool for tech enthusiasts. Moreover, BlockDAG’s range of home mining devices, including the X10, X30, and X100 miners, provides various power levels and efficiency, catering to different mining scales. These devices are built with advanced ASIC technology to ensure high performance and profitability.
This approach simplifies the mining process and focuses on energy efficiency and accessibility, promoting a more inclusive cryptocurrency environment. With impressive sales of over 5200 miners and revenues nearing $2.5 million, BlockDAG is committed to making crypto mining accessible and lucrative. The forthcoming release of the BlockDAG X1 Mobile Mining app is set to enhance its market presence further.
Ondo’s value has soared by 2846.67% in the past six months, bolstered by a recent 7.44% weekly gain. With its price currently oscillating between $0.64 and $1.03, Ondo is on a trajectory towards potentially hitting $1.24 and possibly $1.63. While the outlook is promising, market shifts could temper this ascent, and investors are advised to remain vigilant. Nonetheless, Ondo is attractive for those looking to leverage its bullish trend.
3. Aptos: Experiencing Fluctuations with Growth Potential
Aptos has shown a 7% increase in the last week, despite a 40% fall over the previous month. Prices fluctuating between $8.97 and $10.65 suggest a possible climb to $11.31 or even $12.99 if the upward trend continues. However, the medium-term downturn poses risks, demanding cautious investment strategies. Aptos presents a compelling choice for those prepared to manage its price volatility.
4. Optimism (OP): Facing Challenges with Promising Growth
Optimism has demonstrated volatile yet promising market dynamics, with a 14% rise over the last week counterbalanced by a 31% decrease in the past month. Prices ranging from $2.14 to $2.64 indicate potential recovery targets at $2.83 and $3.33. Despite mixed market signals, OP’s resilience suggests it might be poised for near-term recovery and growth.
BlockDAG: Leading May 2024’s Crypto Innovations
While Ondo, Optimism, and Aptos offer notable opportunities, BlockDAG emerges as the clear leader in the May 2024 cryptocurrency market. Its groundbreaking technology of the X1 app and comprehensive product suite equip new and experienced investors with the tools to succeed in the evolving digital currency arena. BlockDAG not only leads the top four expert crypto picks but also sets a high standard for innovation and profitability in the crypto industry.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Crypto
Bitcoin trader loses almost $70 million after sending crypto to wrong online account address
A cryptocurrency trader reportedly lost tens of millions of dollars in a so-called “address poisoning” scam.
Address poisoning scams are carried out by thieves who make spoof accounts of their victim’s online crypto “address,” which they use to send a small amount of currency to the victim in hopes that they will accidentally send money to the fake address later, according to Transak, a crypto trading platform.
Because blockchains are public, it’s easy for scammers to find people’s crypto addresses and send out spoof transactions to phish for victims.
CertiK, a blockchain security firm, confirmed it detected a transfer of $69.3 million worth of Bitcoin to an address “linked with address poisoning” in a post on X.
The victim’s crypto wallet now shows a total loss of around 97% of its assets on Coinbase. The account is now worth just more than $1.6 million.
Peckshield, another security firm, wrote on X that the scammers traded the stolen Bitcoin for 23,000 Ethereum and then transferred the funds. Ethereum is trading at $3,116 a coin, according to The Daily Hodl.
Trezor, another crypto trading platform, recommends double-checking every address before sending a transaction and never copying an address from transaction history when transferring funds to avoid address scams.
Sending a small test transaction before making a large transfer is also an effective method of verifying the address, the company says.
Cryptocurrency-related scams are on the rise, according to the FBI’s 2023 internet crime report. Crypto-related frauds cost investors $3.94 billion last year, the report says, making up more than three-quarters of the year’s investment scam losses.
One study showed that crypto “pig butchering” scams cost investors $75 million from 2020 to 2024. The fraud starts with criminals sending a wrong-number text that they use as a way to build trust with victims.
Then, they send small payments to them and lure them into making fake crypto investments, only cutting off contact once the victim has sent a large amount of money to the thief.
The scam’s name refers to fattening a pig up before the slaughter.
Most cryptocurrency scams involve scammers trying to get victims in unrelated scams to pay them in Bitcoin so that their crimes cannot be traced, according to the Federal Trade Commission.
The best way to spot a crypto scam is to never trust someone who will only accept payment in crypto or who is promising big profit returns on a fishy investment, the agency says.
“Investment scams are one of the top ways scammers trick you into buying cryptocurrency and sending it on to scammers,” the FTC says. “But scammers are also impersonating businesses, government agencies, and a love interest, among other tactics.”
Crypto
Top Cryptocurrency Gainers and Losers of the Week
Insights into recent surges and dips, and the importance of caution in investment
Cryptocurrency Gainers and Losers of the Week: Cryptocurrency markets are famously volatile, with prices soaring and dipping on a regular basis. In this week’s recap, we delve into the top cryptocurrency gainers and losers of the week, examining the factors behind their impressive surges or significant dips.
Top Gainers:
Helium
Price: US$5.39
Surge in 7days: 41.33%
Market Cap: US$30,168,995
During the week, the decentralized wireless network Helium has demonstrated an outstanding growth. Such a rapid growth might be associated with the increased demand for the services of the network, including IOT applications. Since Helium is rather unique in its way of arranging a global, decentralized wireless network, it has attracted the attention of the investors looking for the most innovative products in the cryptocurrency market.
Optimism
Price: US$2.83
Surge in 7days: 16.12
Market Cap: US$470,387,039
Layer 2 scaling solution for Ethereum, Optimism has recorded an exceptional gain in its price within the last week. This significant growth emerges at a time of increasing interest in layer 2 solutions to tackle the present scalability problem Ethereum experiences. The technology developed by Optimism makes the process on Ethereum better while lowering transaction fees and increasing the network’s throughput .
Axelar
Price: US$1.24
Surge in 7days:11.29%
Market Cap: US$43,249,928
Recently, the price of Axelar, a decentralized network aiming to connect various blockchain ecosystems, has skyrocketed. This phenomenon is caused by the growing need for interoperability solutions in the cryptocurrency industry. With abundant blockchain networks the issue of efficient communication or asset transfer over separate systems arise, and therefore the interest in such projects as Axelar increases.
Wormhole
Price: US$0.7299
Surge in 7days: 10.45%
Market Cap: US$339,987,856
Wormhole, a cross-chain communication protocol, has risen in trading price over the past week. This growth clearly indicates that the market recognizes the importance of interoperability solutions in the cryptocurrency industry. Investors are beginning to flock to projects that offer ways to quickly exchange assets and data among a variety of blockchains and tackle this critical issue.
Starknet
Price: US$1.29
Surge in 7days: 7.86%
Market Cap: US$167,854,564
Starknet, the layer 2 scaling solution for StarkWare, has recently experienced a rapid increase in its price. More specifically, the layer 2 solutions have recently drawn more attention to solve Ethereum scalability issues. Starknet facilitates security and privacy of decentralized applications on the Ethereum network and thus been considered an attractive investment option.
Top Losers:
Pendle
Price: US$4.44
Dip in 7days: 26.04%
Market Cap: US$78,101,979
Pendle — a protocol that tokenizes future yield — has experienced a dip in its price over the past week. Possible reasons for the dip include profit-taking by investors following a period of rapid price appreciation and concerns about the project’s long-term fundamentals. As with all cryptocurrency projects, investors should conduct their own research and assess the risks involved before putting their money in a token like Pendle.
Stacks
Price: US$2.07
Dip in 7days: 23.79%
Market Cap: US$170,055,324
Recently, the price of Stacks, a blockchain that makes smart contracts possible on Bitcoin, has dropped sharply. This decline in value may be driven by market sentiment, profit booking, or ethical concerns about the advancement of the initiative. Projects that concentrate in this sector face significant hurdles and concerns, and investors should be wary of them.
ORDI
Price: US$35.43
Dip in 7days: 18.59%
Market Cap: US$179,099,369
Over the past week, the decentralized identity protocol ORDI has witnessed a notable dip. Various factors may be contributing to this dip, such as market dynamics, regulatory uncertainty, or other particularities linked to the development of this project. Ultimately, the cryptocurrency market is a rapidly changing environment; as a result, projects such as ORDI have ample opportunities and challenges to ensure the broad and general adoption of the given technology in the future.
Theta Network
Price: US$2.03
Dip in 7days: 17.81%
Market Cap: US$56,591,821
Theta Network — a decentralized video delivery network — has seen its price drop substantially recently. This drop could be the response of market dynamics, concerns about the level of competition in the sector, or specific improvements in the ecosystem building on Theta. As people continue to look for decentralized video delivery solutions, Theta Network will have a chance to capture a share of the market.
Hedera
Price: US$0.09864
Dip in 7days: 16.86%
Market Cap: US$225,149,589
Hedera — a decentralized public network — has seen a significant drop in its price over the past week. The decline could be an indicator of market trends, profit-taking by investors, or doubts about the project’s prospects. As with all cryptocurrencies, investors should research the risks before putting their funds in this token.
To conclude, the cryptocurrency market is currently volatile, and its prices have been updating serially. The top cryptocurrency gainers and losers of the week speaks of some specific projects that have massively gained over the past few days while others have equally lost a lot. Therefore, for investors that desire to conduct business within such a dynamic market, it is necessary to make in-depth research, methodize specific risks and remain up-to-date with the current trends in the cryptocurrency world.
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