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COINTURK NEWS > Altcoin News > TAO Drives Interest in Promising Altcoins
Altcoin News

TAO Drives Interest in Promising Altcoins

In Brief

  • TAO's price increase sparks interest in new altcoins.

  • Chainlink and FET show significant growth potential.

  • Investing in these coins could yield substantial returns.

Ömer Ergin
Ömer Ergin 8 months ago
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Recently, the surge in TAO’s price has increased interest in new altcoins with high profit potential. By integrating smart contracts into its blockchain, TAO has made significant strides in decentralization. Starting at $192 on September 6, TAO’s value soared to over $550 within a month. Here are four altcoins that have emerged prominently due to the TAO effect.

Contents
Chainlink (LINK)Artificial Super Intelligence (FET)Cardano (ADA)Sui (SUI)

Chainlink (LINK)

Chainlink $16 is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. It offers a wide range of services, from DePIN to RWA tokenization and DeFi.

Chainlink’s Cross Chain Interoperability Protocol (CCIP) and over 1,000 integrations could create increased demand for LINK coins, setting the stage for future price appreciation.

Artificial Super Intelligence (FET)

FET is one of the largest artificial intelligence blockchains in terms of resources. The ASI alliance, formed by the merger of Ocean, SingularityNET, and FET, could facilitate price increases as it expands its team.

In the past week, FET’s price rose by 24%, and the bullish signals on the daily chart suggest that its price may double.

Cardano (ADA)

Cardano $0.779383 is known for its focus on security and scalability. It has improved its technology recently with the launch of Hydra and the implementation of Ouroboros.

Cardano’s price has increased by 6.63% recently, continuing its upward trend, and it could reach $0.80 if market conditions remain favorable.

Sui (SUI)

Sui Network is a next-generation Layer-1 blockchain designed to enhance the deployment of smart contracts and increase transaction speeds.

SUI’s price has surged following investments from Ethereum $2,617, and its social popularity and Total Value Locked (TVL) have surpassed $950 million. These factors could push SUI’s price above $5.

These four altcoins, backed by strong fundamentals and growth potential, could turn a $500 investment into $5,000. Additionally, the upcoming bull season increases the likelihood of outperforming the expected tenfold gains.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 25 September, 2024 - 1:38 pm 25 September, 2024 - 1:38 pm
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