Key Insights:
IQ token is an AI-based information platform focused on blockchain and crypto. It saw a 2500% surge in ownership.
CARV is a data ownership enabler that helps blockchain game players own their data for monetization and saw an 1800% surge.
Frax Finance is a well-known multi-chain DeFi platform and saw 1283% growth.
Safe is a smart contract-based wallet and saw a 931% rise.
IQ Token
IQ is a token based on a project of the same name that leverages AI models to create blockchain and crypto informational articles at scale. The platform also has conversational AI agents that help traders. Last week, the number of addresses holding this token surged by 2500%.
The advent of AI concepts, such as virtual AI agents, has revolutionized this space. With the power to continuously work without taking a break, AI agents can revolutionize this space in the near future, and hence, such platform tokens can surge to higher levels.
At press time, IQ's price was $0.0077, and its market cap was $157 million.
CARV is a modular data layer that helps blockchain gaming users to exercise full control over their data. The platform also does the same for AI users, who can leverage it to monetize their data. This could help creators get a decent supply for their rightful data.
CARV saw an 1800% growth in the number of wallets that hold it in the last seven days.
At press time, CARV has a price of $0.75 nd commands a market cap of $134.9M.
CARV Token
Frax is a well-known DeFi platform and is built on the fully collateralized FRAX stablecoin. At present, the token is on the Ethereum, BNB, Solana, Arbitrum, and multiple other chains
The token recently saw 1283% ownership growth in the last seven days.
Stablecoins have a fundamental role in crypto ecosystems, acting as market liquidity and facilitating trade. This aspect explains why top stablecoins like USDT and USDC command large market caps.
Safe is a smart contract-based crypto wallet that processes transactions using multiple authentications. This aspect lends it a higher degree of security, protecting its users' funds.
Wallet safety has been a primary concern in the crypto markets because wallet drain cases in Trust and MetaMask have recently forced investors to either sell their cryptos or risk keeping them in centralized exchanges.
At press time, Safe's price was $0.93, and its market cap was $433 million.
SAFE Token
According to Santiment, a few other tokens that saw a high rate of ownership growth in the last seven days were Power Ledger (POWR), Raydium (RAY), Metal (MTL), SmarDEX (SDEX), and DevvE (DEVVE).
Power Ledger (POWR) is a peer-to-peer energy-sharing platform and saw a 523% growth.
Raydium (RAY) is a Solana-based DEX and an automated market maker. Its token ownership grew by 500%.
Metal (MTL) is a payment processor and recorded a surge of 350%.
SmarDEX is another decentralized exchange platform that saw a token ownership surge of 315%.
DevvE is a layer-1 chain and saw a growth of 295% in its token ownership.
Investors often buy small-cap cryptocurrencies for their high return potential. One such case we encountered recently was VIRTUAL, which saw a 7000% growth in the last year.
Growth of VIRTUAL in 2024
However, these tokens come with risks, such as rug pull, threats from bigger projects, hacks, etc. Yet, as long as you keep your investments below a certain threshold, they cannot harm your portfolio.
Finally, be aware of the simple rule when investing in these tokens: You would get 80% of the returns from these projects from less than 20% of the tokens you hold.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.