As the market-wide recovery continues, several altcoins are showing significant potential for growth. Among them are Near Protocol (NEAR), Immutable (IMX), and Cutoshi (CUTO). Let's take a closer look at their prospects.
Near Protocol's Surge
Near Protocol (NEAR) is among the top performers in the AI space, boasting a 31% weekly increase. Today, Near Protocol is priced at $5.10 with an 8% intraday increase. Notable is also the 184% surge in volume, with $746 million traded over the last 24 hours. The rally for Near Protocol has been fueled in part by the announcement of the partnership between Alibaba Cloud and Nvidia. Near Protocol has also seen a new all-time high in unique users, with more than 1 million active accounts. Analysts predict that Near Protocol could reach $10, making its current price a significant opportunity.
Immutable's Prospects
Immutable is currently selling for $1.80 with a 20% increase over the last month. In terms of volume, demand seems to be skyrocketing with a 167% surge to $88 million traded. On-chain analysis shows that whales are heavily accumulating Immutable, which usually indicates significant future growth. Immutable is also gaining popularity among game developers, with recent launches on its zkEVM network including Immortal Rising 2 and others like RavenQuest Phase 2, The Tree Verse, and Arise.
New Meme Star Cutoshi
Cutoshi aims to revolutionize the meme coin space with its focus on real utility. Inspired by the Lucky Cat from Chinese tradition, Cutoshi emphasizes decentralization and privacy. The $CUTO decentralized exchange brings all major blockchains together, allowing users to make cross-chain transactions without significant fees. Cutoshi incentivizes user participation with substantial monetary rewards. Users can stake $CUTO tokens and complete various tasks to earn more tokens. Additionally, Cutoshi offers an educational platform, Cuto Academy, to make DeFi accessible and fun.
Altcoins Near Protocol, Immutable, and Cutoshi are showing strong potential for growth. Their current achievements and future prospects make them worth watching.
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