- Fantom’s Rebrand to Sonic Could Boost Deflationary Tokenomics and Performance
- BitTensor Leads in Decentralized AI, with Nearly 200% Gains in 60 Days
- Aptos Shows Over 100% Growth, but Its Unlimited Supply May Pose Long-Term Risks
Altcoin investors are looking for strong performers in 2024. After a challenging 2023, Fantom (FTM), BitTensor (TAO), and Aptos (APT) have emerged as potential leaders, showing promising signs of growth. Analytics firm Altcoin Buzz predicts an altcoin pump is on the horizon and suggests these three projects are worth watching.
Here’s a closer look at these altcoins:
Fantom (FTM): A Resilient Layer One Project
Fantom (FTM) is an Ethereum Virtual Machine (EVM) layer one chain focused on decentralized finance (DeFi). After a difficult 2022, the project rebounded especially since August 2023. Its unique architecture allows for fast node syncing and lower validator costs, which will improve further with the upcoming rebrand to Sonic. This rebrand will not only improve the technical aspects but also make Fantom deflationary, strengthening its case for future growth.
Currently, Fantom is trading at $0.731473 with a 24-hour trading volume of $302,757,353. Despite a recent dip of 3.79%, it has surged by 165-175% since its August low, making it one of the best-performing altcoins over the past two months. The leadership of Andre Cronje, a renowned figure in the DeFi space, adds confidence in the project’s potential.
BitTensor (TAO): The Future of Decentralized AI
BitTensor (TAO) is gaining popularity as a decentralized machine-learning platform that allows users to control their personal data while accessing innovative AI tools. BitTensor has built a strong reputation in the crypto community. Its unique approach to decentralized AI sets it apart.
Trading at $584.08 with a 24-hour trading volume of $208,438,277, BitTensor has experienced a 3.81% decrease in the last 24 hours. However, its nearly 200% gain over the past 60 days underscores its potential as the top-performing altcoin in the top 100 over the last year.
Aptos (APT): Leading the Way with Move Programming
Aptos (APT) is a blockchain project that utilizes the Move programming language, a growing trend. The project has attracted significant attention, and the APT token has performed well, rising by over 100% since early August 2023. However, investors should consider its potential unlimited token supply, which could impact long-term value.
Read also: APT, 1NCH, APE, FLOW, CYBER Set to Undergo New Token Unlocks
Aptos is currently priced at $9.86 with a 24-hour trading volume of $394,573,938. Despite a slight drop of 3.06%, its strong short-term gains highlight its potential to remain a key player in the altcoin market.
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