Know the 3 hot trends of the digital currency market in January!

trends Or the common trends are an integral part of the digital currency market. Always and over time, depending on the conditions inside and sometimes outside the market, different fields (Like artificial intelligence, NFTs, Defay and…) are in the focus of investors’ attention and under the influence of this high attention, tokens related to these specific categories may face an increase in price.

Therefore, attention to trends and the ability to timely predict the increase of investors’ interest in a certain area can provide suitable investment opportunities for digital currency traders.

For example, at a time when AI-based chatbots such as ChatGPT have been gaining rave reviews from tech enthusiasts around the world, digital currencies associated with projects working on AI-related ideas have seen a surge in price. The reason for that is obviously the increasing importance of this technology for all the people of the world at that point in time.

In this article, we intend to review the 3 main trends of the digital currency market these days and introduce tokens related to each field. Just keep in mind that investing in the digital currency market always comes with its own risks. Therefore, before risking the money you have, you should do your own research and consider the conditions for investment.

BRC20

BRC20 is a new token standard created on the Bitcoin blockchain. These tokens were formed using the same infrastructure as NFTs based on the Bitcoin network, the Ordinals protocol, and with the idea that each satoshi (the smallest unit in the Bitcoin network) can have unique properties. If you haven’t read about BRC20s yet, we suggest you read the following article:

Also read: What is the BRC20 token? What is the use of the BRC-20 manufacturing standard?

Trend tokens on BRC20

• SATS yourself Queenie meme It claims to have been developed using the BRC20 standard by an anonymous team and “pays homage” to Satoshi Nakamoto, the anonymous creator of Bitcoin. Over the past month, the price of sets has increased by about 20%.
• ORDI The first token launched using the BRC20 standard was launched by someone with the username @domodata on Twitter during an experiment. Trial has developed You can use Iranian and foreign exchanges to buy foreign currency. The price of Ordi has more than doubled in the past month.
• Multibit But it seems more targeted than the previous two tokens and is actually a digital currency dependent on an interchain bridge that enables the transfer of liquidity between Bitcoin’s BRC20 and Ethereum’s ERC20 tokens. Interestingly, the price of Multibit has increased by almost 1,000% over the past 30 days.

DePIN

DePin, which is short for Decentralized Physical Infrastructure Networks, is one of the areas that has been the focus of experts for the past few months, and active projects in it have managed to attract significant funds.

Top Deepin Tokens

According to the ranking based on the market value, well-known projects Internet Computer, Filecoin, Render And Helium The top digital currencies are active in this sector. Between these 4 tokens efficiency The last 30 days of Helium looks stunning. This digital currency with the symbol HNT has increased in price by 313% over the past month and its upward trend has continued until now.

Helium is a project based on the Solana blockchain that provides its users with the possibility of using a cellular and wireless mobile communication network and also supports T-Mobile’s 5G network. The reason for this strong growth is the positive fundamental news about Helium, one of the most important of which is the announcement of a new US-specific nationwide plan by the Helium team for unlimited data transfer, texting and talk, which costs only $20 per month.

Artificial intelligence and big data

As mentioned at the beginning of the article, since about a year ago, when the name of the ChatGPT chatbot became popular with its stunning performance compared to the tools before it, artificial intelligence has become one of the most interesting trends around the world and large organizational funds are flowing into this field. has been Digital currencies were not spared from this uproar and at that time, digital currencies operating in the field of artificial intelligence faced an increase in price.

Since the fever of pursuing artificial intelligence technology in the world has not yet subsided and many experts imagine the future of the modern world to be tied to artificial intelligence, digital currencies active in this sector are still welcomed by investors.

Top AI and Big Data Tokens

Excluding the Internet of Computers and Rendering, which were mentioned in the Deepin section, the top digital currencies active in the field of artificial intelligence or Big Data in terms of market capitalization according to data from the Coin Market Cap website Injective, The Graph, Theta Network, Oasis Network And Fetch (Fetch.ai) are.

In the meantime, Injective’s performance over the past 30 days has been stunning. This digital currency has returned 152% in the last 30 days and is currently trading at its historical peak near $40. Therefore, there is a possibility of price correction in the short term. Binance and Pantera Capital are also among the key investors of this project.

Additional explanations about these projects can be found in the article The best artificial intelligence digital currencies Read the Erzdigital website.