Top Cryptocurrencies to Invest in presently: Cardano, Alchemist AI, Balance (as of May 13)
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Dubai's move to accept cryptocurrencies for government services through Crypto.com is a big step towards mainstream acceptance of digital assets. As part of a broader strategy to implement a cashless economy, official fee payments can now be made seamlessly via licensed digital wallets, emphasizing the increasing institutional endorsement of cryptocurrencies.
This forward-thinking approach comes as the world takes a keener interest in blockchain technology, further highlighting the relevance of cryptocurrencies. Investors are turning their attention to crypto assets backed by solid fundamentals, expansion, and growth potential, leading us to take a look at some of the top crypto picks right now.
Best Crypto Buys Currently
1. Cardano (ADA)
Cardano is partnering with Brave Wallet, aiming to merge its blockchain features into the desktop browser's built-in wallet. This integration is expected to fully support Cardano's blockchain within Brave Wallet, offering functions like storing, sending, receiving, and swapping native assets. This partnership will provide Cardano with a massive user base of 86 million, increasing its exposure and accessibility on a global scale.
At the time of writing, ADA, Cardano's native token, is valued at $0.7983. It has gained 23.36% over the past week and trades 11.8% above its 200-day simple moving average, reflecting strong recent momentum. However, technical indicators like the 14-day Relative Strength Index (RSI) sit at 70.41, suggesting the asset may face near-term price corrections due to being considered overbought.
Cardano has registered 15 green days in the past month, with a healthy volume-to-market cap ratio of 0.1180, indicating solid liquidity in the market. While sentiment is positive and supported by market metrics, consider the potential for short-term volatility due to recent price activity and high RSI levels.
2. Chainlink (LINK)
Chainlink (LINK) is developing its ecosystem by landing new partnerships and integrations, such as the recent addition of Multisynq to the Chainlink BUILD program. This collaboration provides Multisynq with deeper access to Chainlink's infrastructure, including the Cross-Chain Interoperability Protocol (CCIP) and Chainlink Functions.
These tools support Multisynq's efforts to build a secure synchronization protocol for decentralized physical infrastructure networks (DePINs). In exchange, Multisynq will dedicate a portion of its native token supply to Chainlink service providers like node operators and stakers.
Currently, LINK is valued at $16.75, showing a 4.02% intraday decline. Despite this small drop, it has gained 25.79% over the past week. Trading above its 200-day simple moving average of $15.98 indicates a general upward trend. Additionally, the Relative Strength Index (RSI) sits at 66.51, implying a neutral position with no extremely strong signals for overbought or oversold conditions. Liquidity remains healthy, with a 24-hour volume-to-market ratio of 0.1330. Volatility is low, at just 9% over the past 30 days, indicating stable trading conditions.
With continued ecosystem development, ongoing partnerships, and technical indicators showing a neutral to mildly positive outlook, LINK appears to be in a consolidation phase. While short-term movement may be sideways, infrastructure developments could influence its long-term trajectory.
3. Balance (EPT)
Balance is a blockchain protocol that combines artificial intelligence with Web3 applications, focusing on social and gaming use-cases. The project's unique architecture supports decentralized apps (dApps) leveraging this hybrid model, providing personalized and responsive user experiences.
EPT, the token associated with Balance, is currently valued at $0.01203, marking a 7.64% increase in the last 24 hours and a near 24% growth over the past week. Its 24-hour trading volume is $101.93 million, resulting in a volume-to-market ratio above 6.7. This suggests high liquidity and short-term trading interest.
The token remains approximately 30% below its all-time high. Sentiment around EPT is neutral, though broader market indicators like the Fear & Greed Index show a "greed" reading of 70, indicating potential speculative interest.
4. SUBBD (SUBBD)
SUBBD is an AI-powered platform addressing the creator economy, offering tools for content production and monetization. With over $380,000 raised during its presale and tokens priced at $0.0554, the project is well-positioned as a comprehensive solution for digital creators.
A crucial aspect of SUBBD is its token-based system, allowing audiences to financially support influencers by purchasing tokens. This approach creates shared interests between content creators and their audiences, moving beyond traditional one-way support strategies and introducing digital ownership tied to an influencer's growth.
Currently, more than 2,000 influencers with a combined reach of over 250 million followers are already using SUBBD for their content production needs. The platform aims to tackle issues faced on mainstream content platforms, such as inconsistent monetization, rising production costs, and fragmented revenue streams across multiple sites.
SUBBD also plans to release a mobile app that allows users to generate AI influencer models to livestream and post content on social media. This virtual influencer integration has the potential to revolutionize creator monetization.
SUBBD token powers all transactions within the ecosystem, fostering a streamlined digital economy. With a unified token system and faster payments, SUBBD reflects broader trends in merging AI with creator tools to simplify and diversify revenue streams.
5. Alchemist AI (ALCH)
Alchemist AI recently unveiled the 3D Studio, which makes it easier for users to create high-quality 3D assets directly within the platform. This feature is designed to streamline the creation process for developers and designers, potentially reducing production time and offering flexibility in asset generation.
Users can upload custom models, incorporate AI-generated components, and fine-tune details in real-time, offering a complete workflow from concept to production within a single environment. With this new feature, Alchemist AI positions itself as a valuable resource for creators in the gaming and application development space.
The platform's token, priced at $0.1389, has shown relatively stable movement, exhibiting a 0.72% change over the past month. Trading activity suggests healthy liquidity, as indicated by a 24-hour volume-to-market ratio of 1.0344. Overall, sentiment is bullish, while the Fear & Greed Index reads 70, indicating optimism among traders.
In the world of finance and technology, cryptocurrency investors are closely watching the performance of digital assets with strong fundamentals and growth potential. For instance, Cardano (ADA) is partnering with Brave Wallet, aiming to expand its blockchain features into the wallet's built-in system, potentially providing ADA with a massive user base and increased accessibility. Investors are also considering Chainlink (LINK), as the project continues to secure new partnerships and develop its ecosystem. Additionally, Balance (EPT), an AI-powered blockchain protocol, has shown strong growth in recent weeks and targets the social and gaming sectors with its unique hybrid architecture.
Investors looking to support digital creators may also find opportunities in platforms like SUBBD, which offers tools for content production and monetization, and already counts over 2,000 influencers among its user base. Lastly, Alchemist AI (ALCH) has introduced a new 3D Studio feature, making it easier for users to create high-quality 3D assets, making it a valuable resource for creators in the gaming and application development space. These investments reflect the growing intertwining of finance, technology, and the creative industries in our increasingly digital world.
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