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MarketWatch reports that Nvidia’s market cap is currently valued at $2.92 trillion. The larger AI-focused cryptocurrency market has been impacted by the Nvidia stock’s upward trajectory, which has seen a 140.5% increase this year. The momentum surrounding AI-related tokens, such as NEAR, TAO, and DTX has increased as Nvidia’s market performance improves.
According to CoinGecko, the AI-crypto market cap has risen by 0.8% in the past 24 hours to $23.9 billion. Thus, AI-cryptos have become the top gainers of this bull run! This shift in the market has pumped the momentum of Near Protocol (NEAR), Bittensor (TAO), and DTX Exchange!
Market analysts claim that these three cryptos are set to soar in October, making them the best investment options for the coming month!
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Bullish Momentum Surrounds Near Protocol (NEAR)
NEAR Protocol (NEAR) is gaining recognition as a developer-friendly blockchain supporting high-performance decentralised applications. NEAR offers a secure and scalable environment for both developers and users through the use of sharding technology.
NEAR is one of the best cryptocurrencies to purchase in October 2024 as its ecosystem grows and more projects move to its platform. This makes NEAR an appealing option for investors hoping to profit from early-stage growth.
A massive increase in the trading volume of Near Protocol (NEAR) has added to the list of pros surrounding the token. NEAR has shown a massive uptick of over 45% in the 24-hour trading volume. This surge is a result of increased trading activity surrounding the token.
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Technical analysis also paints a bullish picture for Near Protocol (NEAR), thereby compelling investors to move to the trading platform and secure gigantic profits!
Bittensor (TAO) Shows 31% Increase: Bulls Takeover TAO!
Bittensor (TAO) had a notable uptick in value this week, rising 31%, placing it as the top gainer among the top 100 cryptocurrencies. The favourable movement in Nvidia Corp’s shares, which surged 13.5% and ended at $119.08 on September 13, 2023, can be credited for the current increase.
With a market capitalization of more than $2.3 billion, Bittensor (TAO) is ranked 34th as of this writing. TAO’s price is currently trading at $323.88, up 3.24% from the previous day. Additionally, the market’s outlook on Bittensor (TAO) is still positive, as evidenced by the Fear & Greed Index’s neutral 51 scores, making it a top gainer.
Technically speaking, Bittensor (TAO) is trading above its 200-day simple moving average, indicating an upward trend that should last longer. In addition, the coin has shown excellent liquidity relative to its market size, with 18 of the last 30 trading days being green.
This implies steady trade activity and persistent market interest. Owing to these features, investors are highly drawn to the trading platform!
DTX Exchange (DTX) Surges To New Heights,
Following some optimistic remarks by Donald Trump, the cryptocurrency market has been growing. He declared in a World Liberty Financial teaser film that he would welcome a world where big banks are replaced by cryptocurrency. As a result, traders are currently flocking into ventures with enormous development potential.
DTX Exchange (DTX), a Stage 3 presale star that just released its L1 blockchain, is one such project. Given that it has already provided early buyers with a 200% return, even significant cryptocurrency holders are turning to it. The platform has gained immense popularity in the DeFi industry due to its cheap capitalization, massive gains, and parallel blockchain.
As of October, DTX Exchange (DTX) is rising to the top of the cryptocurrency presales. Thus far, its success has been exceptional, having raised more than $2.6 million and maybe reaching $3 million by the next weekend. This performance has not been ignored, as millions of traders worldwide find DTX Exchange to be their favourite project, as per Crypto Infinity reports.
With DTX Exchange, holders get the benefits of both DEX and CEX in one location. This hybrid trading platform allows holders to purchase FX, gold, cryptocurrency tokens, and over 120,000 asset types at 1000x leverage. Furthermore, no sign-up KYC checks are required for DTX Exchange, which provides traders with privacy.
Key Takeaways
Analysts claim Near Protocol (NEAR), Bittensor (TAO), and DTX Exchange (DTX) are the top investment picks for October 2024, as AI-cryptos shoot!
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