After an eventful and highly volatile trading week, bitcoin’s price movements calmed during the weekend, and the asset sits quietly at $63,000.

Most altcoins have also stalled on a daily scale, but the weekly timeframe shows some impressive gainers from the likes of TAO, SUI, APT, and others.

Bitcoin Stalls at $63K

The week started with a price decline that drove BTC from over $60,000 to under $58,000. More volatility was expected mid-week when the US Federal Reserve met to discuss lowering the interest rate. Once that meeting took place and the US central bank cut the rates by 0.5%, BTC went on a rollercoaster with several big moves.

However, the bulls prevailed after the fluctuations and pushed the cryptocurrency from under $59,500 to over $64,000 registered on Friday. It became bitcoin’s highest price tag in over three weeks.

Nevertheless, the asset failed to maintain its run and retraced by just over a grand. Since then, it has been predominantly trading sideways at around $63,000. Still, it’s up by 4.6% on a weekly scale, which has pushed its market capitalization to just over $1.240 trillion.

Its dominance over the alts, though, has declined by 1% in the past few days to 54% (on CG) after soaring to 55% earlier this week.

Top Gainers

As mentioned above, the week quite well for most crypto assets. Ethereum is up by 7% in this timeframe and sits close to $2,700 now. SOL has increased by a similar percentage and is up to $147. BNB (5.5%) is above $585, SHIB has soared by 6%, while AVAX has gained almost 10% and trades north of $27.

Nevertheless, the top gainers from the larger-cap alts are TAO (47%), SUI (37%), and APT (28%). As a result, TAO sits at $477, SUI is close to $1.5, and APT trades at $7.85.

The total crypto market cap has added over $100 billion since last Sunday and is up to $2.3 trillion on CG now.

Global crypto exchange Bitget has announced a multi-million dollar partnership with iconic Spanish football league La Liga.

The company revealed the collaboration, which makes it La Liga’s official crypto partner, at the just concluded Token 2049 event in Singapore.

Strategic Partnership with Global Reach

In a statement released by Bitget on September 19, the Seychelles-based crypto exchange said the union is part of its attempts to gain a bigger foothold in Asia and Latin America, where football is hugely popular.

La Liga is home to some of the most successful football teams in the world, including Real Madrid and Barcelona, which boast hundreds of millions of fans worldwide. Games between the two, popularly known as “El Clasico,” are reportedly watched by upwards of 650 million people in over 180 countries.

The league also features some of the biggest stars in football, including Kylian Mbappé, Vinícius Jr., and Robert Lewandowski. With nearly 27 million followers between them on X alone, Bitget expects that its indirect association with such players gives it a massive platform to grow crypto adoption.

A recent report by Chainalysis shows that of the top 20 countries for crypto adoption, 13 come from the two regions Bitget is targeting. India, Indonesia, and Vietnam lead the charge among Asian countries, while Brazil, Venezuela, and Mexico are the highest-rated LATAM nations.

Interestingly, the same set of countries boast some of the most rabid football support, with a 2022 Nielsen survey on the state of world football showing Vietnam, Indonesia, and Thailand having some of the highest percentages of people interested in football in Asia.

Driving Crypto Adoption in Emerging Markets

The deal, reportedly valued at millions of dollars, is set to last for up to three years. It is part of Bitget’s commitment to growing crypto awareness through sports, aligning with its “Make It Count” philosophy.

By teaming up with La Liga, the company is looking to bring Web3 solutions to millions of football fans globally, especially in Asia and Latin America, where both organizations see significant potential.

Gracy Chen, Bitget’s CEO, echoed the sentiments, highlighting the growing connection between crypto and sports.

“Our partnership with La Liga is more than just a sponsorship. It’s about accelerating crypto adoption within sports and creating exciting opportunities for fans and athletes alike. We see sports as a powerful avenue to spread awareness about Web3 and blockchain technology,”

Backing up Bitget’s foray into sports, a recent report from Doors3 indicates that 75% of sports fans are eager for more personalized and privileged experiences, which technologies like Non-Fungible Tokens (NFTs) can offer.

Such innovations, some of which LaLiga has previously adopted, are transforming how supporters engage with their favorite teams, by offering virtual interactions, voting rights on club matters, as well as exclusive digital content.

TL;DR

• Santiment ranked Oasis Network (ROSE) as the top AI cryptocurrency in development activity.
• Despite its 80% price rally over the past month, Artificial Superintelligence Alliance (FET) did not make the list.

The Leaderboard

Artificial Intelligence (AI) cryptocurrencies have been quite trendy lately due to the rising prices of many of the tokens encompassing that niche. The crypto analytics platform Santiment recently ranked the top 10 such assets in terms of monthly development activity, and in the following lines, we will present the results.

Oasis Network (ROSE) took first place with a score of 85.07. Near Protocol (NEAR), the largest AI-related cryptocurrency by market capitalization, occupied the second place. It is worth mentioning that the coin topped the previous ranking.

The Graph follows next in third place, whereas Oraichain (ORAI) and Bittensor (TAO) are fourth and fifth, respectively.

The rest of the AI cryptocurrencies down the line include Ocean Protocol (OCEAN), Golem (GLM), Aleph.im (ALEPH), Masa (MASA), and iExec RLC (RLC). 

To conduct its research, Santiment touches upon numerous factors, such as tracking GitHub commits and code activity for development insights, monitoring on-chain data and observing social media trends to gauge community and market perceptions.

Which One is Missing?

It is interesting to note that one of the largest AI cryptocurrencies, with a market cap of over $4 billion, did not make the list. This is the Artificial Superintelligence Alliance (FET), which was formed by the merger of three major AI-related blockchain platforms: Fetch.ai, SingularityNET, and Ocean Protocol.

The asset’s price has been rallying lately, registering an 80% rise on a monthly scale. It currently trades at around $1.60 (per CoinGecko’s data), with some analysts envisioning much more substantial gains in the future.

Crypto Rover (a popular X user with over 800,000 followers), for instance, predicted FET could be “a great play this cycle,” seeing its price exploding to as high as $10 in the following months. Captain Faibik contributed, too, setting a midterm target of $3.90.

$FET Descending Broadening Wedge Upside Breakout is finally Confirmed..✅

Midterm Target : 3.90$#Crypto #FET #FETUSDT pic.twitter.com/QF4xkcVSWk

— Captain Faibik (@CryptoFaibik) September 20, 2024