Bittensor, Qtum and ZetaChain Lead Best Crypto to Buy Now Amid AI Focus Token Surge

The cryptocurrency market is experiencing strong upward momentum, with altcoins like Bittensor, Qtum, and ZetaChain gaining ground. Qtum has surged 57.47% in the last month, while Bittensor has risen 10% in the past 24 hours. Crypto All-Stars is also drawing attention as it approaches its ICO.

The cryptocurrency market is experiencing a surge of upward momentum, with altcoins like Qtum, Bittensor, and ZetaChain leading the charge. According to George Tung, host of CryptosRUs, this renewed momentum is due to a combination of factors, including improving macroeconomic conditions and the emergence of new narratives [1].

Qtum, for instance, has seen a remarkable increase of 57.47% over the past month [1]. This altcoin, which is built on a hybrid of the Bitcoin and Ethereum blockchains, has been gaining traction due to its focus on providing a more scalable and efficient platform for decentralized applications [2].

Similarly, Bittensor, another altcoin that has been gaining attention, has risen by 10% in the past 24 hours [1]. This token, which is built on a decentralized data exchange platform, aims to disrupt traditional data markets by providing a more transparent and decentralized solution [3].

The surge in altcoins is not limited to Qtum and Bittensor. In fact, the total capitalization of the cryptocurrency market has risen by over 7% in the past seven days, reaching a new high of $2.39 trillion [2]. This growth is being driven by a range of factors, including the ongoing development of new technologies, the increasing adoption of cryptocurrencies, and the improving macroeconomic environment.

One of the key drivers of this growth is the ongoing recovery of the global economy. According to Tung, there is a lot of enthusiasm in the market, and many investors are optimistic about the final quarter of the year [1]. This optimism is being fueled by the possibility of continued altcoin growth, as well as the potential for further economic recovery.

Another factor driving the growth of altcoins is the emergence of new narratives. For instance, artificial intelligence (AI) and gaming are two sectors that are currently driving the narrative for altcoin growth [1]. This is because both of these sectors have the potential to disrupt traditional industries and create new opportunities for innovation and growth.

In conclusion, the surge in altcoins like Qtum, Bittensor, and ZetaChain is a reflection of the broader upward momentum in the cryptocurrency market. This growth is being driven by a range of factors, including improving macroeconomic conditions, the ongoing development of new technologies, and the emergence of new narratives. As we move into the final quarter of the year, it will be interesting to see how this momentum continues to unfold.

References:

[1] The Street. (2022, October 12). Altcoins surge as new narratives drive fresh momentum in the crypto market. https://www.thestreet.com/crypto/markets/altcoins-surge-as-new-narratives-drive-fresh-momentum-in-the-crypto-market

[2] Myfxbook. (2022, October 12). The crypto market maintains an upward momentum. https://www.myfxbook.com/analysis/the-crypto-market-maintains-an-upward-momentum/29978

[3] CoinMarketCap. (2022). Bittensor (BITT). https://coinmarketcap.com/currencies/bittensor/