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November 29 Learn valuable information about IOTA, Aelf, and Bittensor, three great altcoins for investment opportunities. Make informed decisions based on your unique capabilities and growth potential.
The current state of the cryptocurrency market has a total market capitalization of $1.44 trillion. limit increase 0.99% in the last 24 hours. Despite this increase in market capitalization, overall 24-hour trading volume decreased -21.54% to $185.08 billion.
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In this environment, Bitcoin rose slightly by 1.13% to $37,856 on the last day. In particular, Bitcoin dominance, which represents the share of the entire cryptocurrency market, increased slightly by 0.15% and currently stands at 51.27%.
1. IOTA (MIOTA)
IOTA Ecosystem DLT Foundation has achieved an important milestone in the cryptocurrency space. This makes it the first distributed ledger technology (DLT) foundation to be registered on the Abu Dhabi Global Market (ADGM) in the United Arab Emirates.
This move marks a pivotal step for the IOTA ecosystem as the Foundation is set to receive over $100 million in investment in IOTA tokens. Their primary goal is to support community-driven initiatives to promote the expansion of the IOTA protocol. We also aim to build cooperative relationships with regulatory authorities.
This collaboration has received positive feedback within the cryptocurrency community. Notably, this coin has consistently traded above its 200-day simple moving average. It has also experienced positive price movements for 20 consecutive days out of the last 30 days, up 67%. Liquidity as measured by market capitalization remains noticeably high.
IOTA is the first #DLT regulated foundations @AD Global Market In ~ #Abu Dhabi 🇦🇪! new #iota The foundation will receive an investment of more than $100 million. $IOTA A token that supports and accelerates the growth of the IOTA ecosystem. https://t.co/7NYe2L5RFs
🧵⬇️ pic.twitter.com/DZUHjcm2sV— Iota (@iota) November 29, 2023
The circulating supply of IOTA is 3.04 billion MIOTA out of a maximum supply of 4.6 billion MIOTA. The current annual supply inflation rate is 9.30%, which generated 258.6 million MIOTA last year. In the layer 1 sector, IOTA currently ranks 43rd in market capitalization.
2. ELF
Aelf seeks to foster the digital economy by building a foundation for cross-chain communication and smart contract execution. ELF Coin, part of this ecosystem, has shown notable performance metrics over the past year.
The current ELF price is $0.504368, trading volume is $27.75M, and market cap is $354.18M. This represents a significant 15.50% increase in the last 24 hours and is indicative of the market movement.
Moreover, this coin has seen a notable surge in the past year, recording a price increase of 313%. It outperformed 92% of the top 100 cryptocurrency assets and outperformed Bitcoin and Ethereum in terms of performance. Additionally, trading activity indicates a bullish trend with the coin consistently trading above its 200-day simple moving average. As a result, the number of green days out of the past 30 days was 17 (57%).
Historical data highlights the volatility of the coin, hitting an all-time high of $2.78 on January 8, 2018. In contrast, it hit an all-time low of $0.034194 on March 13, 2020. The highest price has peaked since the last cycle low. The price is $1.258210.
Predictions about the future value of ELF Coin vary, with optimistic forecasts predicting a maximum price level of around $1.23 by the end of 2023. However, this depends on a positive cryptocurrency market and the absence of major bearish events. Conversely, in a bearish scenario, it could decline to around $0.72 over the same period.
Sentiment analysis is strong, with a Fear and Greed Index rating of 72 (Greed). However, these predictions are subject to market fluctuations and unexpected events, which could potentially impact the coin’s trajectory over the next year.
3. Bit Tensor (TAO)
Bittensor has recently gained attention for its unique approach to collaboratively training machine learning models. Over the past month, the TAO token has seen a notable surge, with its price rising by more than 300%.
The driving force behind Bittensor is its incentive system. Users who actively contribute value to collective machine learning models are rewarded with TAO tokens.
TAO tokens are not only a reward mechanism, but also facilitate access to network information tailored to individual needs. The model aims to build an open market for AI and promote transparent interactions between consumers and producers.
One important aspect of Bittensor’s recent performance is its trading trends. It is currently trading above the 200-day simple moving average. Additionally, 19 of the last 30 trading days were positive, accounting for 63% of the total period.
The highest TAO price since this cycle low reached $259.64, marking a cycle high. Sentiment for the current price prediction is neutral, with the Fear-Greed Index reading at a level of 72 (greed).
Regarding token distribution, the current circulating supply of TAO is 5.23M out of a maximum supply of 21.00M. By market capitalization, Bittensor ranks 3rd in the AI Crypto sector.
4. TG. Casino (TGC)
TG CasinoA cryptocurrency-based gambling platform integrated with Telegram is in the development stage. It aims to provide a decentralized and anonymous gambling experience within the popular messaging app.
The platform currently offers a variety of features including slot games, sportsbook, and classic casino games. An interesting aspect is the promise of a commission-free experience and a welcome bonus for users.
The $TGC token was introduced to facilitate transactions and activities within the platform. These tokens serve a dual purpose: staking rewards and boasting annual percentage returns (APY) of over 3,000%. You may also participate in profit sharing plans involving token buybacks for holders.
$TGC You can now purchase it through an ongoing pre-sale before it reaches its final goal of raising $5 million.
Buy it here: https://t.co/20PB5qO2Ku
— TG Casino (@TGCasino_) November 29, 2023
There has been significant interest in the token pre-sale, bringing it close to the $1 million soft cap. $690,000 worth of $TGC tokens were successfully sold and are currently worth $0.125 per token.
to 100 million T.G.C. There are 40 million tokens designated for circulation and pre-sale, with the minimum purchase quantity set at 100. The pre-sale will continue until the hard cap of $5 million is reached. This setup allows potential investors to participate until the limit is met.
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5. Osmosis (OSMO)
Osmosis introduced volume split incentives in its recent V20 2 update, revolutionizing the way incentives are distributed across pools. Unlike traditional manual allocation methods, this gauge provides a new way to distribute incentives based on transaction pools.
Recent market data shows a positive trend for OSMO trading. The cryptocurrency has consistently traded above its 200-day simple moving average. Over the last 30 days, 18 trading days were green, accounting for 60% of recent trading activity. It also boasts solid liquidity based on its significant market capitalization.
Experts speculate on the potential of Osmosis and predict that it will become a notable cryptocurrency in the market. Forecasts suggest a maximum price of around $1.63 as the cryptocurrency market recovers. The projected average price of OSMO is expected to reach $1.43 by 2023. However, if a major bearish trend affecting the cryptocurrency market occurs, the potential minimum price of OSMO is expected to be $1.24 by the same year.
Osmosis v20 introduces a new feature called Volume Split Incentives.
This new feature allows you to dynamically change the way incentives are allocated to liquidity pools based on trading volume.
Learn more about the upgrade in our latest blog. 📖https://t.co/QQdY3NI44d
— Osmosis² 🧪 (@osmosiszone) November 27, 2023
These forecasts are based on current market conditions and speculative analysis, taking into account:g potential market movements and trends. Osmosis’ innovative approach to volume split incentives adds a unique dimension to incentive structures that could potentially impact future market performance.
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