Despite a small recent rally, the cryptocurrency market remains bearish. For investors, this brief period of relief has served as a welcome cue to pile into the digital asset market.
The new meme token $FARM has gained considerable attention in recent hours, rising more than 50% in value.
As meme coins have been at the center of several significant market upswings, investors are readily prepared to jump on another newly-listed joke cryptocurrency.
Nevertheless, savvy investors know that utility is the king of adoption and growth for any blockchain project.
As a result, many crypto experts and analysts are considering $YPRED, $LPX, and $MAGIC as possible altcoins to watch in the near future.
One smart way of winning big in the crypto market is to buy into new tokens before they receive widespread adoption.
Newly-listed meme coin DogeFarm ($FARM) presents this ideal opportunity following its listing on DEXTools in the early hours of today.
$FARM rose to 59.6% within a few hours, hitting a record high of $0.01036 within that time frame.
In the past 24 hours, the crypto project, which also features the famous Shiba Inu mascot, has pulled in over $1.3 million in daily trading volume. However, this euphoria was short-lived.
At press time, the $FARM token is trading at $0.00002888, down 59.02% from its all-time high (ATH) record value, as investors take profits.
Like most meme projects before, DogeFarm focuses on a decentralized, fun-loving community.
Given that the broader crypto market is not faring much better, the project’s recent nosedive is expected.
This bearish period has given utility-driven coins the attention they deserve as investors look to capitalize on promising projects for the future.
Since 2023 began, artificial intelligence (AI) has become an incredibly popular topic in the tech industry.
Many companies, including Microsoft, Amazon, Google, and Apple, have introduced AI-powered products and services.
However, this innovative solution is still light years from touching base in the financial market. Nonetheless, a blockchain project called yPredict is seizing this opportunity to break the mold.
Launched on the Polygon network, yPredict is an AI-powered decentralized protocol built by the top 1% of AI developers for analysts and quants.