As the cryptocurrency market matures, a few altcoins stand out for their growth potential in 2024. H
As the cryptocurrency market matures, a few altcoins stand out for their growth potential in 2024. Here’s a closer look at some promising candidates:
1. BlockDAG
BlockDAG is gaining traction as a high-performance blockchain alternative, emphasizing scalability and speed. Its unique Directed Acyclic Graph (DAG) technology enables efficient transaction processing, making it a top pick for innovation-driven investors. Early adopters have already seen significant returns, and projections suggest massive growth potential as it builds its community and ecosystem.
2. XRP
$XRP continues to shine as a leader in facilitating fast, low-cost cross-border payments. With Ripple's ongoing legal clarity and partnerships expanding globally, $XRP is poised for further growth. Analysts predict its price could reach $1.96 if current trends persist.
3. Toncoin ($TON )
Backed by Telegram's ecosystem, Toncoin leverages integrations with the app's vast user base, targeting a significant share of its 800 million users by 2028. Its utility and scalability position it as a potential leader in blockchain mass adoption.
4. Arbitrum ($ARB )
Arbitrum enhances Ethereum's network with faster and more cost-effective transactions through Layer-2 scaling solutions. Its optimistic rollups have drawn developers and users seeking alternatives to Ethereum's high fees, making it a solid choice for long-term investment.
5. Shiba Inu ($SHIB )
Despite its origins as a memecoin, Shiba Inu's ecosystem including Shibarium, a Layer-2 scaling solution continues to evolve. Its strong community and ongoing developments in decentralized finance (DeFi) and non-fungible tokens (NFTs) make it a contender for future growth.
6. Sei ($SEI )
This high-speed blockchain is tailored for applications requiring quick transaction processing, such as gaming and decentralized exchanges. With its focus on scalability and eco-friendliness, Sei is well-positioned for adoption in industries demanding performance.
The crypto market in 2024 presents opportunities for those who focus on altcoins with robust ecosystems, innovative technology, and real-world use cases. Conduct thorough research, monitor market trends, and consider these projects for their growth potential.
As the cryptocurrency market matures, a few altcoins stand out for their growth potential in 2024. Here’s a closer look at some promising candidates:
1. BlockDAG
BlockDAG is gaining traction as a high-performance blockchain alternative, emphasizing scalability and speed. Its unique Directed Acyclic Graph (DAG) technology enables efficient transaction processing, making it a top pick for innovation-driven investors. Early adopters have already seen significant returns, and projections suggest massive growth potential as it builds its community and ecosystem.
2. XRP
$XRP continues to shine as a leader in facilitating fast, low-cost cross-border payments. With Ripple's ongoing legal clarity and partnerships expanding globally, $XRP is poised for further growth. Analysts predict its price could reach $1.96 if current trends persist.
3. Toncoin ($TON )
Backed by Telegram's ecosystem, Toncoin leverages integrations with the app's vast user base, targeting a significant share of its 800 million users by 2028. Its utility and scalability position it as a potential leader in blockchain mass adoption.
4. Arbitrum ($ARB )
Arbitrum enhances Ethereum's network with faster and more cost-effective transactions through Layer-2 scaling solutions. Its optimistic rollups have drawn developers and users seeking alternatives to Ethereum's high fees, making it a solid choice for long-term investment.
5. Shiba Inu ($SHIB )
Despite its origins as a memecoin, Shiba Inu's ecosystem including Shibarium, a Layer-2 scaling solution continues to evolve. Its strong community and ongoing developments in decentralized finance (DeFi) and non-fungible tokens (NFTs) make it a contender for future growth.
6. Sei ($SEI )
This high-speed blockchain is tailored for applications requiring quick transaction processing, such as gaming and decentralized exchanges. With its focus on scalability and eco-friendliness, Sei is well-positioned for adoption in industries demanding performance.
The crypto market in 2024 presents opportunities for those who focus on altcoins with robust ecosystems, innovative technology, and real-world use cases. Conduct thorough research, monitor market trends, and consider these projects for their growth potential.
As the cryptocurrency market matures, a few altcoins stand out for their growth potential in 2024. H
As the cryptocurrency market matures, a few altcoins stand out for their growth potential in 2024. Here’s a closer look at some promising candidates:
1. BlockDAG
BlockDAG is gaining traction as a high-performance blockchain alternative, emphasizing scalability and speed. Its unique Directed Acyclic Graph (DAG) technology enables efficient transaction processing, making it a top pick for innovation-driven investors. Early adopters have already seen significant returns, and projections suggest massive growth potential as it builds its community and ecosystem.
2. XRP
$XRP continues to shine as a leader in facilitating fast, low-cost cross-border payments. With Ripple's ongoing legal clarity and partnerships expanding globally, $XRP is poised for further growth. Analysts predict its price could reach $1.96 if current trends persist.
3. Toncoin ($TON )
Backed by Telegram's ecosystem, Toncoin leverages integrations with the app's vast user base, targeting a significant share of its 800 million users by 2028. Its utility and scalability position it as a potential leader in blockchain mass adoption.
4. Arbitrum ($ARB )
Arbitrum enhances Ethereum's network with faster and more cost-effective transactions through Layer-2 scaling solutions. Its optimistic rollups have drawn developers and users seeking alternatives to Ethereum's high fees, making it a solid choice for long-term investment.
5. Shiba Inu ($SHIB )
Despite its origins as a memecoin, Shiba Inu's ecosystem including Shibarium, a Layer-2 scaling solution continues to evolve. Its strong community and ongoing developments in decentralized finance (DeFi) and non-fungible tokens (NFTs) make it a contender for future growth.
6. Sei ($SEI )
This high-speed blockchain is tailored for applications requiring quick transaction processing, such as gaming and decentralized exchanges. With its focus on scalability and eco-friendliness, Sei is well-positioned for adoption in industries demanding performance.
The crypto market in 2024 presents opportunities for those who focus on altcoins with robust ecosystems, innovative technology, and real-world use cases. Conduct thorough research, monitor market trends, and consider these projects for their growth potential.
New ASI Token Stats and Figures
New ASI Token Stats and Figures
Token mergers are not unheard of in the crypto space: Klaytn-Finschia (Kaia) and Mantle-BitDAO deals are a couple more examples. The biggest question with a merger of such a scale is how the new tokenomics are supposed to work.
The total supply of the ASI token is going to be 2.63055 billion. With token supplies of 2,630,547,141 FET with 1,419,566,631 AGIX and 1,408,900,141 OCEAN on top, how will the conversion work? FET tokens migrate to ASI without denomination, in the 1:1 ratio. The current circulating supply of nearly 850 million FET becomes 850 million ASI.AGIX tokens migrate to ASI in a 1:0.43335 ratio, or 1 AGIX = 0.4335 ASI. The current circulating supply of nearly 1.29 billion AGIX becomes roughly 558 million ASI.OCEAN tokens migrate to ASI in a 1:0.433226 ratio, or 1 AGIX = 0.433226 ASI. The current circulating supply of nearly 568 million OCEAN becomes roughly 246 million ASI.This makes the starting supply of ASI roughly 1.652 billion tokens, or 62.8% of the total supply. The tokens that were never released by AGIX and OCEAN are to be burned.
ASI Token Merge: Potential and Future
Key TakeawaysAll You Need to Know About the ASI Token MergerNew ASI Token Stats and FiguresASI Token Future ForecastConclusionDisclaimer
Bringing humankind closer to Artificial General Intelligence (AGI) is an undertaking that requires bold measures. Three AI projects from the blockchain industry — Fetch.ai, SingularityNET, and Ocean Protocol — will join forces to make decentralized AGI and even superintelligence a reality. Read our explainer to learn how it would work and what are the prospects of the ASI token.
Key TakeawaysFetch.ai, SingularityNET, and Ocean Protocol will become a single ecosystem, the Artificial Superintelligence (ASI) Alliance with a new utility token ASI. This merger aims to accelerate AI technologies toward AGI and ASI while steering it toward being decentralized and fair.After the merger, the new asset is estimated to harness the value of all three original projects. With supply metrics and price dynamics in mind, ASI is primed to have a market cap comparable to Arbitrum, the largest Ethereum L2, and OKB, a major crypto exchange’s utility token.By extrapolating the price forecast made for FET, AGIX, and OCEAN, we try to predict how much ASI will be worth in the short and long term.All You Need to Know About the ASI Token MergerWhat is the Artificial Superintelligence Project?
Source: Artificial Superintelligence Alliance on X
In March 2024, three AI-adjacent blockchain projects: Fetch.ai, SingularityNET, and Ocean Protocol announced the creation of the Artificial Superintelligence (ASI) Alliance. The three projects pledge to join efforts to ensure that the imminently emerging artificial general intelligence (AGI) and superintelligence are open, decentralized, and built to benefit humanity.
In the meantime, ASI Alliance will act as an ecosystem that combines the ecosystems of the original platforms.
Fetch.ai is a network of autonomous machine-to-machine nodes, powered by the Multi-Agent Systems (MAS) and blockchain technology. The FET tokens pay for deploying modular components and secure the Cosmos-based blockchain through staking.SingularityNET is a launchpad for decentralized AI products and applications and the infrastructure for them to interact. Their native token AGIX acts as the currency of the platform.Ocean Protocol builds a data economy platform to connect owners of sought-after datasets and interested parties. The latter pay the former in the OCEAN token, so its main use case is monetization.How is This Merger Beneficial?
The three blockchain projects have already been partners in the AI sphere. A single, unified ecosystem will provide their users with better interoperability and collaboration. The latter is particularly important in the stated goal of the ASI Alliance: acceleration toward decentralized AGI and the next stages of its evolution.
Due to the sheer scale of the endeavor, the merger and migration will occur in a few phases. On July 1, when the first phase starts, OCEAN and AGIX will initiate migration to FET through the SingularityDAO dApp. The conversion rates into FET and ASI are the same as outlined above.
FET holders will need to take action when the second phase begins. In this phase, AGIX and OCEAN conversion to FET will be stopped and the migration will happen directly to ASI contracts.
New ASI Token Stats and Figures
Token mergers are not unheard of in the crypto space: Klaytn-Finschia (Kaia) and Mantle-BitDAO deals are a couple more examples. The biggest question with a merger of such a scale is how the new tokenomics are supposed to work.
The total supply of the ASI token is going to be 2.63055 billion. With token supplies of 2,630,547,141 FET with 1,419,566,631 AGIX and 1,408,900,141 OCEAN on top, how will the conversion work? FET tokens migrate to ASI without denomination, in the 1:1 ratio. The current circulating supply of nearly 850 million FET becomes 850 million ASI.AGIX tokens migrate to ASI in a 1:0.43335 ratio, or 1 AGIX = 0.4335 ASI. The current circulating supply of nearly 1.29 billion AGIX becomes roughly 558 million ASI.OCEAN tokens migrate to ASI in a 1:0.433226 ratio, or 1 AGIX = 0.433226 ASI. The current circulating supply of nearly 568 million OCEAN becomes roughly 246 million ASI.This makes the starting supply of ASI roughly 1.652 billion tokens, or 62.8% of the total supply. The tokens that were never released by AGIX and OCEAN are to be burned.
How will the FET/AGIX/OCEAN supplies be distributed in the ASI total supply? Here is a visualization.
The ASI Alliance expects the merger to combine the total values (i.e. market capitalizations) of three projects and more. Fetch.ai today has $1.352B, SingularityNET has $852M, and Ocean Protocol has $374M, bringing the total to $2.58B. Theoretically, this would place it between Arbitrum’s token ARB and OKB at 35th place in the CoinMarketCap ranking today.
However, market capitalization, as we explained in other guides, is a relative value derived from the asset’s price-to-supply ratio. Will it be different if we rerun the numbers?
Let's assume ASI at launch were to cost as the average of current FET ($1.59), AGIX ($0.6605), and OCEAN ($0.652) prices, adjusted for conversion. With ASI worth $1.54, its market capitalization with the estimated circulating supply we got would be closer to $2,544 billion. Nevertheless, in the same ranking, it would land at 35th place all the same.
As we can see, the new tokenomics accounted for the supply dynamics of all three cryptocurrencies. Moreover, the merger has the potential to make ASI more prominent due to the perceived value of the combined asset.
ASI Token Future Forecast
Since we have already entered the price prediction territory with our projections for the launch price, why not continue? Let’s try coming up with an ASI price forecast by extrapolating targets from price predictions made for the original tokens.
ASI Price Prediction 2024
According to a FET price prediction by 30Rates, the token can reach the maximum price for 2024 as soon as the end of June. Since on July 1, Fetch.ai will be converted to the $ASI token, the highest price predicted for ASI in 2024 is $2.32 in December and the lowest ASI price is expected to hit $0.95. Considering that a merger is such a significant event, it might cause a price swing in either direction before it stabilizes.
To try another way, we can look at the SingularityNET price forecast by AMB Crypto that considers the merger. By December, the AGIX price would have been $0.94–1.01; after the conversion, it becomes $2.17–2.33. Looks quite realistic!
And for reference, let’s compare it to the Ocean Protocol price prediction and how it would apply to ASI. The average price CoinWire forecasts for OCEAN in 2024 is $0.85, which would become $1.96 in ASI.
$ASI