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AI-Driven Crypto Projects Challenge Established Altcoins

Coin WorldSunday, Jan 26, 2025 11:35 am ET

1min read

The cryptocurrency landscape is witnessing a significant shift with the integration of artificial intelligence (AI) technologies, which are being deployed to perform tasks typically associated with human intelligence. This trend is enhancing efficiency, security, and innovation within the crypto market. As a result, AI-driven crypto projects are at the forefront of the industry, prompting investors to question whether established altcoins like Litecoin (LTC) and Cardano (ADA) can keep pace with these game-changing AI developments.

Litecoin (LTC), a favorite among crypto traders for its quick transaction processing and low fees, has faced challenges due to network inactivity. The project's lack of recent updates has hindered its ability to compete with newer Layer 1 and Layer 2 projects. This stagnation has led users to seek alternatives, with on-chain data indicating that Litecoin whales have been offloading their holdings. Consequently, the token has suffered a significant blow, experiencing a nearly 20% decline from its peak price earlier this year. Additionally, other on-chain metrics show a decrease in Litecoin's hash rate, which has dropped from a weekly high of 1.94 TH/s to 1.83 TH/s. Currently priced at approximately $120.62, Litecoin (LTC) has seen a 5% decrease over the past week, trading 71% below its all-time high, with a significant price volatility of 8.19% in the last 30 days.

In contrast, Cardano (ADA) is actively working to stay abreast of the latest crypto developments through upgrades. Over the past two weeks, Cardano's price has surged by over 7%, reaching its current level of $0.99. This price increase for Cardano was spurred by the announcement of the Plomin hard fork, which brings new governance structures and enhanced network capabilities to ADA. Officially approved by Input Output Global (IOG), this upgrade marks a significant milestone that could influence Cardano's price trajectory. Despite interest in Cardano's potential price growth, investors are concerned about ADA's slow transaction speeds, especially as they look to AI altcoins known for their scalability. Nevertheless, ADA specialists forecast a potential 114% increase in Cardano's price by mid-February if the Plomin upgrade is successful.

Amid the AI revolution, investors are shifting towards cutting-edge AI-powered crypto

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