NFT Revival: Could These Cryptocurrencies Explode the NFT Industry This Year?

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Non-fungible tokens (NFTs) have been making a big comeback, especially in the last few months. This is evident as Azuki NFT sales recently surpassed $1.1 million in a single day. According to CryptoSlam data, NFT sales volume reached $22,962,383 and the average daily transaction rate was 227,860.

According to the sponsored content poster, investors globally have begun diversifying their crypto holdings and are jumping into projects that not only include NFTs but also enable NFT-related functions in other projects built on the network that are part of their ecosystem. It is wondered whether KangaMoon (KANG), Internet Computer (ICP), Render (RNDR), Fetch.ai (FET) and Gala (GALA), whose future is uncertain today according to the content sender, will be successful in the season.

Coins Linked to NFTs

The crypto market is allegedly moving towards non-fungible tokens (NFTs) once again, as evidenced by the recent increase in transactions and overall volume, according to the sponsored content poster. As a result, building a diversified portfolio is crucial, and investors using projects linked to NFTs can allegedly generate returns.

KangaMoon (KANG)

According to the sponsored content poster, KangaMoon (KANG) has more than 20,000 users and more than 5,800 native KANG tokens. Moreover, according to pre-sale data, the crypto rose from $0.005 to $0.0196, allegedly experiencing a total price increase of 290%.

According to the sponsored content poster, the platform offers Social-Fi elements, a community-driven approach, and Play-to-Earn (P2E) features where everyone can access various rewards. In its virtual world, players take control of a character and can participate in battles and tournaments with it. They can also watch and enter the contest to see who the winner will be for an additional way they can win. All these interactions can give them access to KANG tokens or NFTs. Additionally, the team has partnered with RaidSharks to increase overall community engagement. The future is uncertain, there is a risk of investment loss.

The Blockchain ICO has raised over $6.4 million so far and it is claimed that it could raise over $7 million by the end of the month due to intense interest and overall user base.

Internet Computer (ICP)

Internet Computer (ICP) is a blockchain that stores all components of a non-fungible token (NFT), including assets, on its network. The network hosts more than 2.6 million NFTs so far and a total of 415 NFT-related projects. The key catalyst for its growth is that users have access to a market with zero gas fees.

Along with this, the Internet Computer price has also increased by 107% year-to-date (YTD). Over the past week, positive metrics have also been seen on the chart, as the Internet Computer crypto rose from $12.39 to $14.75 and may soon break above another price barrier. According to Internet Computer price forecast, it could close 2024 at $29.68, positioning it as the best nft crypto to buy.

Render (RNDR)

Render (RNDR) is a network that specializes in providing a blockchain-based solution to the computing power need associated with graphics processing units (GPUs). Specifically, through its peer-to-peer (P2P) network, it allows anyone to rent idle power to creators and AI-related applications. A key use case for this has been NFT creation and there are collectibles minted using the network, which brings a lot of benefits for Render crypto.

When it comes to rendering price performance, the crypto is up 200% year-to-date (YTD). It rose from $6.97 to $9.30 last week and at this rate it may soon surpass the $10 resistance point. According to Render price prediction, the crypto could end 2024 at $18.29, making it the best nft project to diversify.

Fetch.ai (FET)

Fetch.ai (FET) is a project specializing in artificial intelligence integration in blockchain-related applications. In particular, it connects AI to the blockchain industry as a tool to help monetize and seamlessly connect a new smart digital economy. The platform also launched an NFT marketplace for AI-generated artwork, allowing users to build digital collections in a collaborative environment through machine learning technology. The platform, called Colearn Paint, enables anyone to automatically generate and own NFTs designed by a machine learning algorithm.

Fetch.ai price increased by 483.7%. Moreover, over the past week, Fetch.ai crypto has risen from $1.90 to $2.62, and at this rate it has the potential to even surpass the $3 price barrier soon. According to Fetch.ai price prediction, it may end 2024 at $4.71. These aspects position it as the best nft related project to jump into.

Gala (GALA)

Gala (GALA) is a gaming ecosystem that gives everyone the opportunity to redeem non-fungible tokens (NFTs) that come in the form of rewards. These can be as simple as cosmetic changes to a playable character, while others can directly allow everyone to have an in-game character or give them an advantage in battles.

Gala price is rising on the charts and may reach new highs soon. Gala crypto has risen from $0.03935 to $0.0515 over the past week and could make much more significant gains at this rate. According to the Gala price forecast, it may close 2024 at $0.0955.

Moving Forward: Diversifying with the Best NFT-Related Projects

According to the sponsored content submitter, general interest in NFTs is experiencing a resurgence, and as a result, it remains to be seen whether future collectibles will also be able to break past records. We reviewed KangaMoon, whose future is uncertain, as well as Internet Computer, Render, Fetch.ai, and Gala, as they are all reported to be linked to NFTs in some way, according to its team.

Click to review KangaMoon token from its official website.

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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!

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