The anticipation in the cryptocurrency market is at an all-time high as Bitcoin’s (BTC) price nears $100,000. In this bullish climate, investors are eagerly looking into altcoins that might bring about big returns. The top contenders include Cardano (ADA), Bittensor (TAO), and the new Artificial Intelligence-powered IntelMarkets (INTL).
Cardano (ADA): Double in No Time
Cardano (ADA) was founded in 2017 and has always been one of the big names in the crypto world. Due to its proof-of-stake consensus mechanism, Cardano has been tested for scalability and sustainability.
History has shown that ADA has favored steeper rallies and drops. In September 2021, Cardano soared all the way to $3.10, courtesy of the Alonzo hard fork which added smart contracts functionality to the network. While nearing the end of its first year, ADA experienced the same level of instability as many other cryptocurrencies do, seeing a fluctuation in price following market conditions.
At $0.7833 Cardano is up 112% in the last 30 days. Market cap currently sits at $27.46 billion and ADA trading volume over the last 24 hours is at $3.67 billion. ADA’s price is far below the peak, showing that Cardano is capable of pushing higher than its current position. With its ecosystem developing every day, the Cardano community is still going strong.
Bittensor (TAO): The AI-Blockchain Fusion
As Bitcoin rallies near $100k, investors are looking for the best tech out there. Bittensor (TAO) brings together artificial intelligence and blockchain technology in a unique way. It’s a decentralized platform where machine learning models work together and are paid in TAO tokens, depending on their commitment.
Recently, DCG announced the launch of Yuma, a new project with the goal of supporting the Bittnesor ecosystem. Yuma is a one stop shop open for anyone to access and train AI, providing an all in one enterprise grade solution. It’s clear that AI is becoming a hot topic, having massive potential for projects that incorporate it.
Since this news, the TAO price increased 5% in just 24 hours, showing a positive reaction from the market. Bittnesor has a market cap of about $3.58 billion and a 24-hour volume of $318.65 million, increasing nearly 40%. Bittensor is proving to be an exciting project that brings together elements of AI and blockchain, having great potential for continued appreciation in the future.
