• Fantom (FTM), Bittensor (TAO), and Aave (AAVE) had been the largest gainers over the previous 24 hours.
• As of 4 p.m. ET on Sept. 9, altcoins have seen probably the most important value will increase among the many prime 100 cash by market capitalization.
• In the meantime, Bitcoin (BTC) rebounded above $57,000 after falling under $54,000 over the weekend.

FTM, AAVE, and TAO tokens have all seen double-digit positive factors, with Bittensor's value rising by over 16% to commerce above $286, whereas Fantom's value is buying and selling above $0.46 and up round 14% on the time of writing, and Aave's value is hovering round $142, with the DeFi token's worth rising by over 13% previously 24 hours.

Bitcoin value rises above $57,000

Bitcoin’s rebound above $57,000 follows a rally on Monday after BTC dipped under $54,000 over the weekend. The flagship cryptocurrency continues to expertise a bear market because the concern and greed index goes into excessive gear, however analysts are bullish on its long-term prospects.

As talked about above, Bernstein analysts imagine the US election can be a key issue within the quick time period: if Donald Trump wins, the inventory might soar to over $80,000.

Conversely, a Kamala Harris victory might set off a drop to the low $30,000 vary.

FTM, TAO, AAVE tokens surge

Bittensor tokens soared when Grayscale introduced an AI Token Fund, permitting publicity to prime AI tokens like Render (RNDR), Filecoin (FIL), and Close to (NEAR). Whereas the most recent surge got here amid a broader market surge, TAO seems to have kicked into larger gear as new community developments spotlight staking and delegation on TAO.

In the meantime, FTM is hovering because the group welcomes the progress of Sonic Labs. The Sonic testnet has achieved a key milestone, and Fantom founder Andre Cronje believes the Sonic blockchain community can faucet into the $11 trillion market of unsecured lending.

In the meantime, the value of AAVE appeared to bounce again after a devoted Ether.fi (ETHFI) market went reside on Aave, permitting customers to borrow stablecoins equivalent to USDC, PYUSD, and FRAX towards the liquid staking token weETH.

Aave DAO is a devoted Ether Aave Market.

Customers will be capable to borrow stablecoins equivalent to: $USDC, $pyUSDand $FRAX In opposition to them Ether weETH liquidity staking token. pic.twitter.com/s3Met9veuU

— Aave Labs (@aave) September 9, 2024

weETH is among the liquid re-staking tokens that allows DeFi methods equivalent to leveraged ETH staking, and Aave already has such a devoted market on prime Ethereum staking platform Lido.