NFT Revival: The top 5 crypto projects connected with NFTs that can explode this year Traders diversify into KangaMoon (KANG), Internet Computer (ICP), Render (RNDR), Fetch.ai (FET), and Gala (GALA). Key catalysts fuel growth in the NFT market
Non-fungible tokens (NFTs) have made a major return, especially during the past few months. This is evident as Azuki NFT sales recently soared to over $1.1 million within the span of a single day. According to CryptoSlam data, the NFT sales volume reached $22.962.383, with an average daily transaction rate of 227,860.As a result, traders on a global scale have begun to diversify their crypto holdings, and are jumping into projects that feature NFTs and also enable NFT-related functionalities in other projects built on the network,. Today we will look at five key projects primed to experience significant price uptrends during the upcoming trading sessions, including KangaMoon (KANG), Internet Computer (ICP), Render (RNDR), Fetch.ai (FET) and Gala (GALA). By the end, we will determine which is the best one to diversify with.
NFT-connected projects to buy and diversify your holdings
It's clear that the crypto market is moving towards non-fungible tokens (NFTs) as evidenced from the recent upswing in transactions, and overall volume. Making a diversified portfolio is key, and by utilising projects connected with NFTs, traders have a higher likelihood of experiencing massive returns. Let’s take a deeper look into each one of these projects to see which one can swing upwards the most.
1.KangaMoon (KANG)
KangaMoon (KANG) is a presale-stage project which has emerged as one of the largest players within the sector so far, as its already seen appeal from over 20,000 users and over 5,800 holders of its native KANG token. Moreover, according to the presale data, the crypto has risen from $0.005 to $0.0196, experiencing a total price uptrend of 290%.
The key catalyst for this growth is the platform's introduction of Social-Fi elements, a community-driven approach and Play-to-Earn (P2E) features, through which anyone can access various rewards. In its virtual world, players take control of a character and with it can engage in battles and tournaments. They can also spectate, and place bets on who the winner will be, an additional way to earn. All of these interactions can give them access to KANG tokens or NFTs. Moreover, the team partnered with RaidSharks to boost overall community engagement.
So far, the blockchain ICO has raised over $6.4 million, and due to the massive interest and overall user-base it can reach over $7 million by the end of the month. According to analyst projections, KANG is set to spike 5,000% following the project’s launch as-well. These aspects make it the best NFT crypto to buy now.
2.Internet Computer (ICP)
Internet Computer (ICP) is a blockchain that stores all of the components of a non-fungible token (NFT) onto its network,. So far, the network is home to over 2.6 million NFTs and 415 total NFT-related projects. The key catalyst for its growth is the ability for users to access a marketplace with zero gas fees.
Internet Computer price has increased 107% year-to-date (YTD). During the past week, it's seen positive on-chart metrics, as the Internet Computer crypto has grown from $12.39 to $14.75, and could soon break above another price barrier. Based on the Internet Computer price prediction it can end 2024 at $29.68, positioning it as the best NFT crypto to get.
3.Render (RNDR)
Render (RNDR) is a network that specialises in offering a blockchain-based solution to the need of computational power regarding graphics processing units (GPUs). Specifically, through its peer-to-peer (P2P) network it enables anyone to rent out idle power to creators and AI-related applications. A key use-case for this has been NFT rendering, and there are collections that have been minted using the network, resulting in much utility for the Render crypto.
As for Render’s price performance, the crypto has risen 200% year-to-date (YTD). In the past week, its moved up from $6.97 to $9.30, at this rate it could soon pass the $10 resistance point. According to Render’s price prediction, the crypto can end 2024 at $18.29, making it a top NFT project to diversify with.
4.Fetch.ai (FET)
Fetch.ai (FET) is a project that specialises in the AI integration within blockchain-related applications. Specifically, it connects AI with the blockchain industry as a means to help monetize it, and to seamlessly connect a new smart digital economy. The platform also introduced an NFT marketplace for AI-generated art, and gave users the ability to create digital collectibles in a collaborative setting through machine learning technology. The platform is called Colearn Paint, and enables anyone to automatically generate and own NFTs designed by a machine learning algorithm.
As for the Fetch.ai price, it has risen 483.7%. Moreover, within the past week, the Fetch.ai crypto has gone up from $1.90 to $2.62, and at this rate has the potential to soon pass even the $3 price barrier. According to the Fetch.ai price prediction, it can end 2024 at $4.71. These aspects position it as a top NFT related project to jump to.
5.Gala (GALA)
Gala (GALA) is an ecosystem of games which enables anyone the opportunity to utilise non-fungible tokens (NFTs) which come in the form of rewards. They can be as simple as cosmetic changes to a playable character, while others might enable anyone to own an in-game character directly, or provide them with an advantage in battles.
The Gala price is bullish on the charts, and could soon reach new heights. The Gala crypto grew from $0.03935 to $0.0515 just within the past week, and at this rate could see far more substantial gains. According to the Gala price prediction it can end 2024 at $0.0955.
Moving forward: Diversifying with the best NFT-related projects
It's clear that the overall interest in NFTs is seeing a revival, and as a result future collections could break past records and see significant gains. Today, we looked at Internet Computer, Render, Fetch.ai, Gala, and KangaMoon, as all of them are connected to NFTs in some way. However, the highest ROI can be made with the KANG token, as it is still in the presale stage, and NFTs play a major role in its ecosystem.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://Kangamoon.com/
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This story originally appeared on: India Times - Author:Faqs of Insurances
