The ARPA token, which is set to power the ARPA Network protocol, has been turning heads with its recent performance. The token is trading at approximately $0.11 per token, marking a staggering 100% increase this week and a year-to-date gain of around 320%. This remarkable surge has propelled ARPA into the top 10 trending coins on CoinMarketCap, a significant achievement for a coin with a market cap of just $440 million.
The ARPA Network protocol is a decentralized computation network designed to enhance the fairness, security, and privacy of existing blockchains. With the mainnet launch anticipated by the end of this quarter, excitement around the cryptocurrency has been building in recent days and weeks. This excitement is fueled by the successful interaction between the project’s TestNet and the Ethereum-Sepolia testnet, occurring at an impressive rate of around 200,000 times per day.
In terms of price predictions, if ARPA succeeds in surpassing the resistance in the $0.11-12 range, this could pave the way for a run towards the bottom channel of an old upwards trend channel. As the hype surrounding the ARPA Network’s mainnet launch continues to grow, bulls may be in store for a 2x gain in the mid-$0.20s region.
However, while ARPA’s growth is capturing attention, smaller-cap crypto gems like the AI-powered meme-generating platform AiDoge’s AI token could see even more significant gains. AiDoge combines a meme coin with a solid use case linked to AI, a trending topic in the current market. Users will be able to generate memes using generative AI technology and share them with the AiDoge community via a public wall.
This platform introduces the concept of “Meme-to-Earn” (M2E), where creators of the most popular memes are rewarded with AiDoge’s native $AI token. To fund the development of AiDoge, a public presale of the AI token is being conducted. The presale is fast approaching $14 million and will end when it reaches $14.9 million.
While ARPA’s impressive performance and mainnet launch are certainly garnering attention, investors should keep an eye on alternative ventures such as AiDoge, which bridges the gap between AI and meme culture and could potentially provide even more substantial gains in the future. With the AiDoge presale nearing its conclusion, interested investors should move quickly to secure their share.