5 Best Altcoins to Invest in Right Now November 29 – IOTA, Aelf, Bittensor

Unearth valuable information about IOTA, Aelf, and Bittensor—three standout altcoins for investment opportunities on November 29th. Make informed decisions based on their unique features and growth potential.

The present state of the cryptocurrency market exhibits a total market capitalization of $1.44 trillion, reflecting a marginal increase of 0.99% within the last 24 hours. Despite this uptick in market cap, the total 24-hour trading volume experienced a decline of -21.54%, resting at $185.08 billion.

5 Best Altcoins to Invest in Right Now

Within this landscape, Bitcoin stands at $37,856, registering a modest 1.13% gain in the past day. Notably, Bitcoin dominance, representing its share relative to the entire cryptocurrency market, observed a slight increase of 0.15%, presently resting at 51.27%.

1. IOTA (MIOTA)

The IOTA Ecosystem DLT Foundation has achieved a significant milestone in the crypto space. It has become the first Distributed Ledger Technology (DLT) foundation registered with the Abu Dhabi Global Market (ADGM) in the United Arab Emirates. 

This move signals a pivotal step for the IOTA ecosystem, as the foundation is set to receive an investment exceeding $100 million in IOTA tokens. Their primary aim is to support community-driven initiatives to foster the expansion of the IOTA protocol. Furthermore, it aims to establish cooperative relationships with regulatory authorities.

This collaboration has received positive feedback within the cryptocurrency community. Notably, the coin has consistently traded above its 200-day simple moving average. It has also experienced 20 consecutive days of positive price movement out of the last 30 days, marking a 67% increase. Its liquidity, measured by market capitalization, remains notably high.

IOTA is the first #DLT Foundation regulated with @ADGlobalMarket in #AbuDhabi ????????! The new #IOTA Foundation will be seeded with over $100 million in $IOTA tokens to support and accelerate the growth of the IOTA ecosystem.https://t.co/7NYe2L5RFs
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— IOTA (@iota) November 29, 2023

The circulating supply of IOTA stands at 3.04 billion MIOTA out of a maximum supply of 4.60 billion MIOTA. The current yearly supply inflation rate is 9.30%, creating 258.60 million MIOTA last year. In the Layer 1 sector, IOTA currently ranks #43 in market capitalization.

2. Aelf (ELF)

Aelf aspires to facilitate the digital economy by establishing a foundation for cross-chain communication and smart contract execution. The ELF Coin, part of this ecosystem, has shown noteworthy performance metrics over the past year.

The current ELF price is $0.504368, with a trading volume of $27.75M and a market cap of $354.18M. This represents a substantial 15.50% increase in the last 24 hours, signaling market movements. 

Moreover, the coin has observed a notable surge, marking a 313% price hike last year. It has outpaced 92% of the top 100 crypto assets and surpassed Bitcoin and Ethereum in performance. Additionally, trading activities depict a bullish trend, with the coin consistently trading above the 200-day simple moving average. As a result, it has experienced 17 green days out of the last 30 (57%).

Historical data highlights the coin’s volatility, with its all-time high recorded at $2.78 on Jan 8, 2018. In contrast, the all-time low at $0.034194 was recorded on Mar 13, 2020. Since its last cycle low, the highest price peaked at $1.258210.

Predictions for the ELF Coin’s future value vary, with an optimistic outlook projecting a potential maximum price level of around $1.23 by the end of 2023. However, this is contingent upon a positive crypto market and the absence of major bearish events. Conversely, a bearish scenario might lead to a decrease to approximately $0.72 in the same period.

The sentiment analysis leans bullish, aligned with a Fear & Greed Index rating of 72 (Greed). These projections, however, are subject to market fluctuations and unforeseen events, potentially impacting the coin’s trajectory in the coming year.

3. Bittensor (TAO)

Bittensor has recently garnered attention due to its distinctive approach to collaboratively training machine learning models. Over the past month, the TAO token has seen a notable surge, experiencing a more than 300% increase in its price.

The driving force behind Bittensor lies in its incentivization system. Users actively contributing value to the collective machine learning model are rewarded in TAO tokens. 

Besides being a reward mechanism, TAO tokens also facilitate access to the network’s information, catering to individual requirements. This model aspires to establish an open market for AI, fostering transparent interactions between consumers and producers.

One of the significant aspects of Bittensor’s recent performance is its trading trends. It’s currently trading above the 200-day simple moving average. Moreover, it exhibits 19 positive trading days out of the last 30, accounting for 63% of the period.

The highest TAO price after this cycle low reached $259.64, marking the cycle high. Presently, the sentiment regarding the price prediction is neutral, while the Fear & Greed Index indicates a level of 72 (Greed).

Regarding token distribution, the current circulating supply of TAO stands at 5.23M out of a maximum supply of 21.00 M. Based on the market cap, Bittensor is at the third rank in the AI Crypto sector.

4. TG.Casino (TGC)

TG.Casino, a cryptocurrency-based gambling platform integrated with Telegram, is in its developmental phase. It aims to offer decentralized and anonymous gambling experiences within the popular messaging app. 

Currently, the platform provides various features, including slot games, a sportsbook, and classic casino games. An intriguing aspect is its commitment to a fee-free experience and a welcome bonus for users.

$TGC tokens have been introduced to facilitate transactions and activities within the platform. These tokens serve a dual purpose: staking rewards and boasting an annual percentage yield (APY) surpassing 3,000%. Furthermore, it enables participation in a profit-sharing scheme involving token buybacks for holders.

$TGC is now available in our ongoing presale before we hit our FINAL milestone of $5 million raised.

Buy it here: https://t.co/20PB5qO2Ku

— TG Casino (@TGCasino_) November 29, 2023

Interest in the token presale has been substantial, nearing the $1 million soft cap. Over $690,000 worth of $TGC tokens have been successfully sold, currently valued at $0.125 per token.

With 100 million TGC tokens designated for circulation and 40 million for the presale, the minimum purchase is set at 100 tokens. The presale will remain open until it hits its hard cap of $5 million. This setup allows potential investors to participate until the cap is met.

Visit TG.Casino

5. Osmosis (OSMO)

Osmosis has introduced volume-splitting incentives in its recent V20 2 update, aiming to revolutionize how incentives are distributed among pools. Unlike traditional manual allocation methods, these gauges offer a new way to distribute incentives based on the trades pools facilitate.

Recent market data shows positive trends for OSMO trading. The cryptocurrency has consistently traded above its 200-day simple moving average. Over the last 30 days, 18 trading days were green, equivalent to 60% of recent trading activity. Additionally, it boasts robust liquidity, supported by a substantial market cap.

Experts speculate on Osmosis’ potential, predicting it to be a noteworthy cryptocurrency in the market. Predictions suggest a maximum price of around $1.63 as the crypto market recovers. The expected average price for OSMO is forecasted to reach $1.43 by 2023. However, in the event of a major bearish trend affecting the crypto market, projections indicate a potential minimum price of $1.24 for OSMO by the same year.

Osmosis v20 brought forth a new feature: Volume Splitting Incentives.

This new feature allows for a dynamic shift in how incentives are allocated to liquidity pools based on trading volume.

Read more about the upgrade in our latest blog. ????https://t.co/QQdY3NI44d

— Osmosis² ???? (@osmosiszone) November 27, 2023

These projections are based on current market conditions and speculative analysis, consideringg potential market fluctuations and trends. Osmosis’ innovative approach to volume-splitting incentives adds a distinctive dimension to its incentivization structure, potentially impacting its market performance in the coming years.

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