ARPA, the token that will power the ARPA Network protocol, has been on fire in recent days.
ARPA/USD was last changing hands across major cryptocurrency exchanges at around $0.11 per token, its highest level since February 2022, up around 100% this week and now up in the region of 320% for the year.
The recent surge helped ARPA reach the top 10 trending coins on CoinMarketCap, a big achievement for the coin which only has a market cap of $440 million.
ARPA is the token that will power the soon-to-be-launched ARPA Network protocol, a decentralized computation network designed to enhance the fairness, security and privacy of existing blockchains.
According to the project’s roadmap, the ARPA Network mainnet is expected to launch before the end of this quarter.
Excitement has been building towards the cryptocurrency in recent days and weeks due to the success of the project’s TestNet, the second version of which is currently interacting smoothly with the Ethereum-Sepolia testnet at a rate of around 200,000 times per day.
The mainnet will also launch on other layer-1 and layer-2 blockchains including the Binance Smart Chain (or BNB Chain), Arbitrum and Optimism.
Price Prediction – Where Next for ARPA?
If ARPA can break to the north of resistance in the $0.11-12 area, this should open up the door to a run higher towards the bottom channel of an old upwards trend channel, which, alongside the prior record highs from late-2021, should come into play in the mid-$0.20s.
As hype surrounding the ARPA Network’s mainnet launch grows, bulls could be in store for easy 2x gains.
But that could pale in comparison to the gains that smaller cap crypto gems like AI-powered meme-generating platform AiDoge’s AI token could enjoy.
ARPA Alternative to Consider – AiDoge (AI)
AiDoge is building a fun AI-powered meme-generating tool and social media platform and could be the next token to explode.
That’s because, not only is AiDoge a meme coin, but also boasts a solid use case that is linked to AI, a trending topic right now.
AiDoge is building a platform where users can generate memes using breakthrough generative AI technology, before sharing them with the AiDoge community via the platform’s public wall.
The creators of the most popular memes will be rewarded with AiDoge’s native $AI token, meaning that AiDoge is bringing the concept of “Meme-to-Earn” (M2E) into reality.
AiDoge has been conducting a public presale of its native $AI token to fund the development of its platform.
Investors should move quickly whilst they can still secure the token, with the presale now coming close to selling out.
The AiDoge presale is fast approaching $14 million and will end when it hits $14.9 million, which could be hit by the end of the week.