Some cryptocurrencies have properties that suggest they could see major price swings due to their utility and what they stand for. The list includes SpacePay’s SPY, Bittensor’s TAO, SUI, and SEI.
These cryptocurrencies stand out for solving real-life problems. The way people are rushing to them and their utility points to why investors should keep a close eye on them as we enter the fourth quarter of 2024.
SpacePay (SPY)
SpacePay was created to address the challenges facing many cryptocurrencies. These issues have hindered the growth of crypto in the past, discouraging many businesses from accepting them for everyday transactions.
SpacePay’s SPY token runs the ecosystem. It is effective for incentivizing and developing various areas of the ecosystem.
The project solves the problem of crypto volatility by ensuring that merchants receive the agreed-upon amount regardless of any fluctuation during the transaction.
The payment protocol also ensures that transactions are concluded instantly, as it does not have long confirmation periods like popular payment systems.
SpacePay’s solution offers low fees, charging merchants just 0.5% on transactions. Additionally, there are no hidden charges, as the system aims for maximum transparency in its services.
The platform is fully decentralized, giving users complete control over their funds. Additionally, they need not worry about third-party interference or unauthorized access, as they are responsible for keeping their private keys secure.
SpacePay makes it easy to transfer funds by scanning QR codes. The system also accepts many cryptocurrencies, allowing users to transfer funds from a diverse range of cryptocurrencies.
How to Buy SPY Token
SpacePay’s presale is still ongoing. So far, it has been able to make more than $400,000. Interested participants can purchase the token by visiting the presale page and connecting their wallets.
They can secure the token with ETH, BNB, MATIC, USDT, USDC, AVAX, BASE, or a bank card.
Bittensor (TAO)
Bittensor is an open-source protocol designed to create a decentralized, blockchain-based machine-learning network. In this network, machine learning models collaborate in training and earn rewards in TAO based on their contribution to the community’s knowledge.
Training AI models demands significant computing power and vast amounts of data, resources typically controlled by large companies like Google, IBM, and Microsoft. This centralization has resulted in isolated AI models that aren’t shared widely.
Bittensor seeks to democratize AI and machine learning, transforming them into public goods that thrive on collaboration and peer-to-peer interactions. This model allows for more rapid development compared to the constraints imposed by corporate-controlled systems.
SEI
Sei (SEI) is a specialized Layer 1 blockchain designed to enhance trading capabilities. Its goal is to give exchanges a competitive advantage through improved speed, scalability, and reliability.
Sei can process a high volume of orders per second and achieve transaction finality in just 380 milliseconds.
Sei is built for rapid transaction processing, reaching block finality in about 390 milliseconds. This speed is crucial for trading applications, where even slight delays can lead to significant financial losses.
Sei features a native order-matching engine that enables efficient and decentralized order-matching for trading applications. This allows decentralized exchanges (DEXs) to operate their order books directly on the blockchain.
With the launch of its second version, Sei has introduced EVM compatibility, making it easier for developers familiar with Ethereum tools to deploy smart contracts on its platform. This broadens its ecosystem and attracts more projects.
Sei aims to tackle the “Exchange Trilemma,” which involves finding the right balance between decentralization, scalability, and capital efficiency—key challenges facing current trading applications.
The crypto project aspires to build a strong platform for trading apps and foster new ideas in blockchain.
SUI
Sui is a Layer-1 blockchain developed by Mysten Labs. It is designed to make building decentralized applications (dApps) easier and faster.
The network can handle many transactions at once, unlike older blockchains like Ethereum and Bitcoin.
This unique feature makes Sui much quicker and more efficient than these traditional platforms, which process transactions one by one.
Sui uses the Move programming language created for Facebook’s Diem project. This language helps developers make custom assets with strict rules about who owns them, ensuring safety for important applications like finance and gaming.
Sui allows dApps to pay the gas fees for users, making it simpler for people to use the blockchain without worrying about extra costs.