DONE
Fetch.ai has experienced significant growth recently, with its value climbing more than 25% in the past 24 hours. The current market value is as high as 1.43 billion US dollars, ranking 61st in the cryptocurrency rankings. Even more impressive is that its daily trading volume has exceeded the US$400 million mark.
As of this writing, the FET coin is trading at $1.58, up 27.75% in 24 hours. Despite the surge in prices, market expectations for Fetch.ai are pessimistic. However, the Fear and Greed Index reading is 60, revealing a greedy atmosphere in the market.
It is worth mentioning that Fetch.ai's market value is far above its 200-day moving average, showing strong market performance. The currency has performed well in both USD and Bitcoin-denominated token sales. Although the AI craze continues to drive the cryptocurrency market up, we still need to carefully consider the long-term sustainability and actual value behind these valuations.
INJ
Injective X announced on June 19 that it has successfully integrated Transak and PayPal USD (PYUSD). This move allows users to easily convert traditional currencies into digital currencies on the Injective platform. This integration simplifies unified network access to modular assets such as PYUSD, which is expected to increase user acceptance and optimize the experience.
With this integration, Injective becomes the first blockchain platform to offer such flexible options, allowing users to use any on-chain assets and pay gas fees in any token. The market is generally optimistic about Injective, and the coin has climbed 7.79% in value between May 15 and June 15.
According to the latest data, INJ is trading at $20.62. Its market price is above the 200-day moving average, showing strong market performance. The alliance with well-known financial institutions further enhances its credibility and expansion capabilities, creating a promising future for the INJ digital currency.
SUI
Sui is a Layer 1 dark horse that I am very optimistic about. It has not received much attention compared to Pepe and Ondo. Its price performance is in sync with Aptos and Sei. However, Sui is far better than these alternatives. I have accumulated a lot of experience in different ecosystems, and I like several unique features of Sui.
The backers behind Sui are former Facebook employees who worked on the Diem stablecoin project. This creates a competitive advantage for them in an ecosystem that combines the convenience of Web2 and Web3.
The user experience is excellent. I love that when I exchange Sui, I don't have to make a separate permissioned transaction or perform another transaction on the decentralized application. Just one click and my transaction is complete.
They are constantly (almost daily) updating the SUI ecosystem, some of which include a testnet for potential upgrades, making Sui the fastest blockchain to achieve finality. They recently announced a total value locked on-chain of $750 million.
Raoul Pal is a member of the Sui Foundation. All the projects he touches have performed well. Despite Sui's low price, I am happy to buy it now for less than $1 and earn 20-40% annual interest by lending it and working with Sui. I hope these returns will increase as Sui's price rises.
