Apart from Bitcoin, the altcoin market has recently performed impressively, with several tokens showing strong upward momentum. Here are a few potential coins worth paying attention to:
AR
Arweave's permanent data storage technology stands out in the blockchain field. Its platform surpassed 10 billion transaction records in October, further cementing its position as a decentralized storage solution. Arweave has also integrated the ultra-parallel computing system AO, providing significant support for on-chain AI capabilities.
Price Performance: Currently, the price of AR is $21.94, with a 169% increase over the past year.
Market Sentiment: The Fear and Greed Index reached 93, indicating an extreme greed state.
Long-Term Outlook: With the growing demand for reliable on-chain storage, it is expected that the Arweave ecosystem will further expand by 2025.
XTZ
Tezos blockchain focuses on security and governance, with its unique on-chain governance system allowing users to directly participate in protocol upgrades. The platform adopts an efficient Liquid Proof of Stake (LPoS) consensus mechanism and introduces formal verification to ensure smart contract security and reliability.
Recent Performance: The current price of XTZ is $1.35, with an 11.90% increase in the last 24 hours. Its trading volume has significantly increased to $631.82 million.
Technical Indicators: The price is 62.73% above the 200-day moving average, with strong market liquidity, and an RSI of 65.63, indicating potential for sideways movement.
Investment Prospects: With a strong technical foundation and growing community support, Tezos is seen as one of the assets with long-term potential.
NEAR
The NEAR protocol has recently gained attention due to support from Deutsche Telekom and is actively integrating decentralized AI technology, with collaboration with Zero1 Labs further driving ecosystem development.
Price Performance: The current price is $6.93, with a 5.82% increase in the last 24 hours. The market capitalization reaches $7.8 billion, with sufficient circulation.
Technical Indicators: The price is 31.93% above the 200-day SMA, and it has recorded positive returns for 57% of the past month.
Market Sentiment: The Fear and Greed Index is at 80, indicating extreme greed in market sentiment.
