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    Top Cryptocurrencies to Buy Now on September 2 – Cardano, Render, Polkadot

    msmarkBy No Comments8 Mins Read
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    The cryptocurrency market is currently witnessing uncertain price movements, reflecting mixed sentiment among investors. Notably, Bitcoin is struggling to maintain its value above the $60,000 level, with other coins reversing this decline. However, some altcoins have shown resilience by breaking through resistance levels, indicating strength in the current market environment.

    These altcoins have also secured significant partnerships and developments aimed at enhancing their appeal and attracting more market participants. As a result, investors are increasingly drawn to these tokens, looking for potential gains. InsideBitcoins provides daily market analysis, offering a curated list of Best Cryptocurrencies to Buy Now.

    Best Cryptocurrencies You Can Buy Right Now

    The recent launch of Cardano’s hard fork, Chang, marks a major step towards promoting decentralized governance within its network. Meanwhile, the Shiba Shootout presale raised over $1 million, attracting investors looking for options in a volatile market. Additionally, Polkadot has partnered with Inter Miami CF, a professional soccer team in the United States.

    1. Cardano (ADA)

    The recent initiation of the Cardano hard fork Chang represents an important step towards decentralized governance within the network. As part of Cardano’s broader “Voltaire” phase, this upgrade allows ADA holders to directly participate in governance by voting themselves or delegating their votes to representatives.

    The Chang’an hard fork, which occurred on September 1, marks the beginning of the “Conway Ledger Era.” This era introduces on-chain shared governance through CIP-1694, the creation of a Constitutional Committee, and new roles for stake pool operators. These changes will be implemented gradually over the next 90 days, with the first phase focusing on ensuring security and continuity as the network transitions.

    Furthermore, the upgrade improves Plutus scripts, facilitating advanced voting mechanisms such as DAO voting and improvements in cryptographic security and smart contract performance. However, despite the significance of this upgrade, ADA, Cardano’s native token, has seen a decline in value.

    On the day of the hard fork, the coin dropped by 2.4% to $0.333. It then dropped to $0.3307 at the time of writing, down 3.7% on the day. However, ADA saw a 75.09% increase in trading volume, reaching $232 million.

    Moreover, the coin has seen a 29% increase since the beginning of the year. It has also recorded 15 positive trading days in the past month, and has high liquidity compared to its market cap.

    Technical analysis suggests that Cardano has potential for growth. The 14-day Relative Strength Index (RSI) is currently at 54.97, indicating a neutral stance and meaning that the cryptocurrency could trade sideways. The latest price prediction from Coincodex predicts that Cardano could see a 16.10% increase in value by October.

    2. Polkadot (DOT)

    Polkadot recently partnered with Inter Miami CF, an American professional soccer club. The blockchain logo now appears on the team’s training kit. The collaboration allows Polkadot to engage with Inter Miami’s fan base through various initiatives, including interactive fan zone activities, visual branding at the training facility, and digital campaigns.

    As a principal partner, Polkadot will have the opportunity to promote its brand inside the club’s home stadium, Chase Stadium. The partnership also extends to Inter Miami’s digital platforms, including social media, potentially boosting Polkadot’s visibility and appeal.

    DOT price chart

    Blockchain has also announced several other partnerships and developments, further cementing its role in the Web3 space. Polkadot has launched PBA-X, a virtual academy to advance blockchain education and nurture future blockchain experts. The platform’s introduction of dynamic NFTs, which can evolve in value and properties over time, marks another step forward in its technological innovations.

    Furthermore, DOT is trading at $4.12 at press time, down 1.63% on the day. However, DOT trading volume has seen a significant increase of over 50%, reaching $95 million, according to CoinMarketCap data. This surge in activity has led to speculation about the potential future trajectory of the platform’s price.

    3. The Alliance for Superintelligence (FET)

    Fetch.ai recently announced a partnership with GameSwift. This integration combines FET’s AI technology with GameSwift’s web3 gaming platform, GameSwift Launcher. It also aims to leverage the unused computing power of GameSwift Launcher users to support AI development through Fetch.ai’s agent infrastructure.

    As part of this partnership, GameSwift will join Fetch.ai as its first Web3 gaming partner, making it a leader in the gaming space. The integration will allow GameSwift Launcher users to contribute their GPU power to AI projects and earn rewards in return. This approach could drive progress in AI while providing a new way for users to participate in AI development.

    FET price chart

    Meanwhile, the AI ​​Alliance saw a 1.52% intraday gain to $1.19, with trading volume up a notable 29.51% to $227 billion, according to CoinMarketCap data.

    Moreover, the token is currently trading 37.35% above its 200-day simple moving average at $0.869975, indicating a sustained uptrend. The token is also looking neutral with the 14-day RSI at 62.81, indicating a potential sideways move in the near term.

    This partnership between Fetch.ai and GameSwift has great potential for innovation in AI and web3 gaming, while financial metrics point to cautiously optimistic market sentiment.

    4. RENDER

    Render is a platform that allows users to contribute their unused GPU capacity to render visual effects and animations. Despite the volatility in the broader cryptocurrency market, Render has shown steady growth, indicating a steady demand for the service.

    Looking at historical price data for RENDER from CoinMarketCap, the coin peaked on March 18 at $13.15. However, its value has declined since then, with a recent 0.05% drop, bringing the current trading price down to $5.05.

    RENDER PRICE CHART

    Despite this price drop, analysts have noted significant changes in on-chain Render metrics. Specifically, there has been a significant increase in Render accumulation by large coin holders, often referred to as “whales.”

    In early July, these headlines accounted for roughly 51.5% of the total supply. This figure has since risen to 71.5%, representing a 20% increase in whale holdings over the past few months. This increase in large-scale accumulation could signal a potential recovery in the price of Render.

    5. SHIBASHOOT

    the Shootout with Sheba The presale raised over $1 million, attracting investor interest. The project combines western-themed gaming elements with cryptocurrency rewards, providing a unique gaming experience to earn money.

    Furthermore, in Shiba Shootout, players engage in 2D duels, controlling characters like Marshal Shiba and Shiba Sharpshooters using SHIBASHOOT tokens. The game mechanics are straightforward: each player starts with six bullets and aims to outsmart their opponents in draws and shots.

    Despite its simplicity, the game offers a challenging and rewarding experience, attracting players and crypto investors alike. One of the standout aspects of Shiba Shootout is its betting system. Investors can bet their tokens during the presale and earn a whopping 880% annual return.

    Additionally, the upcoming launch of the Web3 app is expected to further boost the project, potentially providing early investors with favorable pricing ahead of the official launch. While the project has gained rapid momentum, its long-term success will depend on how well it delivers on its promises and adapts to the evolving crypto market.

    In addition, Shibashot It offers an interesting mix of gaming and cryptocurrency investing, taking the meme coin sector by storm. However, as with any startup, potential investors should proceed with caution, considering the potential rewards and inherent risks.

    Visit Shiba Shootout Presale

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