Curious about which cryptocurrencies stole the spotlight on September 23? Buckle up, because the crypto world was buzzing!
Kicking off the week with a bang, the crypto market saw a flurry of excitement as numerous assets either saw price surges or caught the eyes of investors for various reasons.
While Bitcoin (BTC) and Ethereum (ETH) usually hog the limelight with their weekly gains, they took a backseat on Monday, September 23. According to Santiment, the real star of the show was Bittensor (TAO). This AI-centric blockchain protocol has been making waves with an impressive price leap. TAO has skyrocketed 80% in the past week and 100% over the last 14 days, trading at around $565. Talk about a moonshot!
Next up, we have the lesser-known but suddenly very popular Hamster (HAM). This little critter caught the community's attention when the project team promised a hefty token giveaway. But here’s the twist – most users didn't qualify for the airdrop, leading to some serious frustration and quite a bit of chatter.
Rounding out the top three is Near Protocol (NEAR). This token saw a 30% price spike last week, which certainly helped it trend. But there’s more to the story – NEAR’s community is buzzing with activities, including a promotional event called the Olympiad campaign. Participants can earn rewards like tokens or even trips by promoting NEAR on social media. It's all part of a grand plan to boost community engagement and strengthen the user base.
Analysts are taking note of these trends, too. Some are predicting that TAO could break into the top 10 cryptocurrencies by the end of 2024. Currently, it's sitting in the 30th spot with a market cap of around $4.1 billion. The 10th spot, for comparison, belongs to Toncoin with a market cap of $14.1 billion.
But not everyone is on the TAO train. Crypto enthusiast Defi_Mochi pointed out that many are bullish on TAO without considering its emissions. The current circulating supply is around 7.3 million tokens, but it's set to increase significantly, which could impact prices if demand doesn’t keep up.
So there you have it – the crypto chatter for September 23. Whether you’re a seasoned trader or just a curious observer, the crypto world never fails to surprise and excite!
