MKR-USD ) is a top altcoin to have during the current bull phase. This crypto serves as the governance token for the MakerDAO platform, a decentralized lending protocol empowering the DAI stablecoin.
Maker stands tall among decentralized applications (dApps) on the Ethereum blockchain. Its DAI stablecoin diverges from conventional stablecoins pegged to fiat, retaining value through a distinctive collateralized debt positions approach. By allowing users to deposit crypto as collateral for borrowing DAI, a US dollar-pegged stablecoin, Maker’s stablecoin issuance system could lead to substantial token growth. With a total supply of under a million MKR tokens, scarcity may ramp up prices as demand escalates.
Fantom (FTM)
Source: shutterstock.com/ARTEMENKO VALENTYN
Fantom (FTM-USD
Fantom’s prowess in managing high transaction volumes at reduced expenses bestows a clear edge to the network. This feature could allure more developers and users fatigued by Ethereum’s clogging woes. Furthermore, Fantom’s interoperable nature enables seamless data sharing across different blockchain realms, positioning it as a pivotal player in the multichain universe. The Fantom team is also cultivating a rich ecosystem comprising DeFi apps, decentralized exchanges (DEXs), and NFT markets.
Fetch.ai (FET)
The Rise of Fetch.ai (FET) in the Crypto Space
The Rise of Fetch.ai (FET) in the Crypto Space
Revolutionizing the Intersection of AI and Blockchain
Fetch.ai (FET-USD) is surfing the crest of the artificial intelligence reawakening, carving its path as a distinctive altcoin that seeks to connect the realms of artificial intelligence and blockchain technology.
The Gateway to a Global AI Marketplace
The Fetch.ai network serves as a conduit to a worldwide marketplace for machine learning models and data. This innovative platform empowers users to harness these models and data for crafting intelligent applications spanning various sectors. Leveraging LLMs, the open platform efficiently steers task execution towards pertinent AI services and agents. Moreover, users can securely trade, purchase, and distribute data, thereby birthing a novel asset genre within the crypto domain.
Sealing the Deal with a $100 Million Investment
Even though their trajectory is in the nascent phase, Fetch.ai recently clinched a $100 million infrastructure investment aimed at procuring state-of-the-art AI GPUs from Nvidia. This strategic move, driven by Fetch compute, possesses the potential to propel growth exponentially, positioning Fetch.ai as a prime choice among altcoins for current investment.
On the date of publication, Terel Miles did not hold any positions, directly or indirectly, in the securities referenced in this article. The viewpoints articulated in this piece are the author’s own, in accordance with InvestorPlace.com Publishing Guidelines.
Terel Miles is a contributing writer at InvestorPlace.com, bringing over seven years of experience in financial market investments.
