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Engineers use artificial intelligence to capture the complexity of breaking waves – MIT News

Waves break once they swell to a critical height, before cresting and crashing into a spray of droplets and bubbles. These waves can be as large as a surfers point break and as small as a gentle ripple rolling to shore. For decades, the dynamics of how and when a wave breaks have been too complex to predict.

Now, MIT engineers have found a new way to model how waves break. The team used machine learning along with data from wave-tank experiments to tweak equations that have traditionally been used to predict wave behavior. Engineers typically rely on such equations to help them design resilient offshore platforms and structures. But until now, the equations have not been able to capture the complexity of breaking waves.

The updated model made more accurate predictions of how and when waves break, the researchers found. For instance, the model estimated a waves steepness just before breaking, and its energy and frequency after breaking, more accurately than the conventional wave equations.

Their results, published today in the journal Nature Communications, will help scientists understand how a breaking wave affects the water around it. Knowing precisely how these waves interact can help hone the design of offshore structures. It can also improve predictions for how the ocean interacts with the atmosphere. Having better estimates of how waves break can help scientists predict, for instance, how much carbon dioxide and other atmospheric gases the ocean can absorb.

Wave breaking is what puts air into the ocean, says study author Themis Sapsis, an associate professor of mechanical and ocean engineering and an affiliate of the Institute for Data, Systems, and Society at MIT. It may sound like a detail, but if you multiply its effect over the area of the entire ocean, wave breaking starts becoming fundamentally important to climate prediction.

The studys co-authors include lead author and MIT postdoc Debbie Eeltink, Hubert Branger and Christopher Luneau of Aix-Marseille University, Amin Chabchoub of Kyoto University, Jerome Kasparian of the University of Geneva, and T.S. van den Bremer of Delft University of Technology.

Learning tank

To predict the dynamics of a breaking wave, scientists typically take one of two approaches: They either attempt to precisely simulate the wave at the scale of individual molecules of water and air, or they run experiments to try and characterize waves with actual measurements. The first approach is computationally expensive and difficult to simulate even over a small area; the second requires a huge amount of time to run enough experiments to yield statistically significant results.

The MIT team instead borrowed pieces from both approaches to develop a more efficient and accurate model using machine learning. The researchers started with a set of equations that is considered the standard description of wave behavior. They aimed to improve the model by training the model on data of breaking waves from actual experiments.

We had a simple model that doesnt capture wave breaking, and then we had the truth, meaning experiments that involve wave breaking, Eeltink explains. Then we wanted to use machine learning to learn the difference between the two.

The researchers obtained wave breaking data by running experiments in a 40-meter-long tank. The tank was fitted at one end with a paddle which the team used to initiate each wave. The team set the paddle to produce a breaking wave in the middle of the tank. Gauges along the length of the tank measured the waters height as waves propagated down the tank.

It takes a lot of time to run these experiments, Eeltink says. Between each experiment you have to wait for the water to completely calm down before you launch the next experiment, otherwise they influence each other.

Safe harbor

In all, the team ran about 250 experiments, the data from which they used to train a type of machine-learning algorithm known as a neural network. Specifically, the algorithm is trained to compare the real waves in experiments with the predicted waves in the simple model, and based on any differences between the two, the algorithm tunes the model to fit reality.

After training the algorithm on their experimental data, the team introduced the model to entirely new data in this case, measurements from two independent experiments, each run at separate wave tanks with different dimensions. In these tests, they found the updated model made more accurate predictions than the simple, untrained model, for instance making better estimates of a breaking waves steepness.

The new model also captured an essential property of breaking waves known as the downshift, in which the frequency of a wave is shifted to a lower value. The speed of a wave depends on its frequency. For ocean waves, lower frequencies move faster than higher frequencies. Therefore, after the downshift, the wave will move faster. The new model predicts the change in frequency, before and after each breaking wave, which could be especially relevant in preparing for coastal storms.

When you want to forecast when high waves of a swell would reach a harbor, and you want to leave the harbor before those waves arrive, then if you get the wave frequency wrong, then the speed at which the waves are approaching is wrong, Eeltink says.

The teams updated wave model is in the form of an open-source code that others could potentially use, for instance in climate simulations of the oceans potential to absorb carbon dioxide and other atmospheric gases. The code can also be worked into simulated tests of offshore platforms and coastal structures.

The number one purpose of this model is to predict what a wave will do, Sapsis says. If you dont model wave breaking right, it would have tremendous implications for how structures behave. With this, you could simulate waves to help design structures better, more efficiently, and without huge safety factors.

This research is supported, in part, by the Swiss National Science Foundation, and by the U.S. Office of Naval Research.

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The American Society for Engineering Education Wants to Hear from You! – All Together – Society of Women Engineers

The American Society for Engineering Education (ASEE), a peer organization, is surveying engineering educators, professionals, and students about factors supporting their professional success.The survey will only take about 6 to 7 minutes and will be open untilMay 25. Your responses will only be reported as part of a group and individual responses will remain anonymous. The first 100 respondents to completethe survey byMay 25will be eligible to receive a $10 Amazon Gift Card.

ASEE seeks to understand how the organization can better serve its various constituents engineering faculty, graduate students, and staff as well as faculty in other disciplines who contribute to the education of future engineers. They also seek to serve employers of engineers and those who seek to otherwise contribute to their attainment of the knowledge skills and abilities required for their optimal professional practice.

ASEE is 129 years old and uniquely spans all engineering disciplines. ASEE is the society for academic engineers and the voice of academic engineering. Though their membership spans pre-college through lifelong learning, their core members are engineering faculty at the college/university level. But their membership is broad and also encompasses all who influence the education of engineers including science, humanities, and liberal arts faculties as well as student affairs professionals, librarians, and academic administrators. In addition to individual members, they have institutional members that include over 80% of the engineering programs in the US as well as a growing number outside the US. Given that breadth, they are concerned with the full spectrum of academic concerns including teaching, engineering education research, engineering technical research, and service.

ASEEs Vision is excellent and broadly accessible education empowering students and engineering professionals to create a better world. That means ASEE exists to help members as engineering educators and stakeholders to cultivate students who have the highest potential, are career-ready, are diverse in identity and outlook, are able to innovate creative solutions to the worlds most challenging problems, are able to anticipate and understand the impact of their solutions on both technical and social systems, and are able to adapt to, and lead within, rapidly evolving technical and social environments.

ASEEs Mission is advancing innovation, excellence, and access, at all levels of education for the engineering profession. They promote excellence in instruction, in research, in public service and in practice. They exercise global leadership in these areas. They provide a forum for the exchange of ideas and sharing of information, and foster the technological education of society as a whole critically important in our increasingly technological world. And, they provide high quality programs, products, and services to their members.

SWE Blog

SWE Blog provides up-to-date information and news about the Society and how our members are making a difference every day. Youll find stories about SWE members, engineering, technology, and other STEM-related topics.

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College of Engineering and Computer Science raises record donations total for UCF Day of Giving – NSM.today

Engineering II is one of the buildings connected to the College of Engineering and Computer Science, consisting of classrooms, offices, labs and more. Some of the other buildings include Engineering I and the L3 Harris Corporation Engineering Center.

The College of Engineering and Computer Science exceeded $150,000 in donations for this year's UCF Day of Giving.

CECS raised a total of$150,877.78, a record-breaking amount for the college. UCF Day of Giving is a 24-hour event run by the UCF Foundation in which people in the UCF community can donate to the university through direct donations to specific programs or colleges and compete in donation challenges.

Our nation needs engineering students. We need engineers, said Jacqueline Sullivan, adjunct instructor of CECS. Were not going to have them unless we grow them here.

Sullivan, an alumna herself, received her masters degree in environmental engineering at UCF. After years working in the industry followed by working in STEM camps for younger students, she returned to the university 10 years ago to teach environmental engineering courses.

Being a donor in this year's Day of Giving on April 7, Sullivan said there are two reasons she donates. First, she is grateful for what the college gave her, and second, she has a desire to support young future engineers.

Not only did CECS exceed previous years, the colleges donations for 2022 surpass the money raised in 2018 ($5,512), 2019 ($4,672)and 2021 ($11,748) combined, with a gap year in 2020. Since 2018,CECS has seen a2,637.26% increase in donations.

Carla Cordoba, associate director of UCF Alumni Engagement and Annual Giving, said 2018 was the first year UCF hosted Day of Giving.

Francesca Sagliano, associate director of Alumni Engagement and Annual Giving, said that among the other donations, there were two large anonymous ones including one at $25,000 and another at $50,000. She said the college found that many previous donors who may have stepped back during the height of the pandemic came back into the fold to support the university.

UCF is a special place that is really starting to grow and become more top of mind for people, Sagliano said. I think we were in some ways kind of a hidden gem for a really long time.

Sagliano said that donors are able to choose an area of impact that they would like their money to go to along with allowing them to donate to even more specific places by adding a comment to their donation.

The main five highlighted donation campaigns included the Deans Excellence Fund; General Scholarship; the Engineering Leadership and Innovation Institute;GEMS and WISE Program Fund focused on women in STEM; and the Minority Engineering Program.

Among these, Sagliano said the two most popular were scholarships and diversity in STEM through the Office of Diversity and Inclusion.

What are you passionate about? Because I am sure that I can plug you in with someone within this university where you can help make an impact, Sagliano said.

Sagliano said allowing donors to donate in a multitude of ways lets the Day of Giving be more donor centric. She also said this year, the university had a total rebrand for Day of Giving by tapping into the more competitive side of donors with social media challenges to attract a larger audience.

Students work and socialize in the Engineering II atrium. Events throughout the year are hosted here, including many of the events hosted during Engineer's Week in February.

As someone who works with alumni, Sagliano said the college tries to share the importance of giving back, telling them the U.S. News and World Report counts the number of alumni giving back to the university as a metric in rankings. She said this ranking contributes to making a degree from UCF more valuable.

Sullivan said that alumni giving back helps support President AlexanderCartwrights goal for UCF to become a top 50 public research university.

Prior to UCF hosting Day of Giving, there have been various efforts, such as Giving Tuesday, that help raise donations in which the university has reached out to alumni. In 2020, when Day of Giving was not able to happen, $164,000 came into the university through this event.

Our really incredible faculty, our alumni, the research and the programs that were doing here - thats going to be world-changing, Sagliano said. Were really trying to shift the focus on that and amplify that message.

In her time working at UCF, Sagliano saw the creation of the Lockheed Martin Cyber Innovation Lab, the Siemens Digital Grid Lab, and the GE/FP&L Microgrid Control Lab, helping students gain hands-on experience and connect with the industry. She said she also saw new scholarships and growth in student programs.

Sullivan said capital funds is one area that the college could benefit from receiving donations to continue expanding facilities for students to use hands-on learning, similar to the labs Sagliano mentioned. Sullivan said the Texas Instruments Innovation Lab is normally crowded and exemplifies a need for expansion.

Sullivans goal of helping future engineers shines through senior industrial engineering major Mitchell Hunsucker, who said he attributes the beginning of his current success to being Sullivan's student in the introduction to engineering course.

Hunsucker, who also serves as the director of the student team for ELI2, has witnessed the benefits of donations such as those given during Day of Giving.

My saying is 'a little nice goes a long way,'" Hunsucker said.

Hunsucker said that he believes the university is able to see such a significant increase in donations due to the amount of talent coming into UCF along with the opportunities students are provided.

Hunsucker started the First Step program, a group dedicated to helping first year CECS students earn internships and leadership positions. He said that every year since starting the program, the first-year students coming in are more focused, experienced and prepared.

He said some things he would like to see are more storage spaces available for engineering programs and registered student organizations, club project funds and other additions to assist students growth beyond the classroom.

Junior electrical engineering major Julia Lampert had the opportunity of doing research in her first year at UCF, something donation money goes toward. She said research is big especially for engineering and STEM students to understand their major and decide what they want to do after college.

Lampert said her time in research helped her decide that it was not what she wanted to do post-graduation, which she wouldnt have found out otherwise.

Another area Lampert said she thought could use funding is workshops that could be available to all engineering and STEM students, not just those who are in clubs. This funding would alleviate students from feeling pressured to pay club dues to get this extracurricular experience.

Lampert said she would like to see better and more equipment for engineering students to utilize as well.

We always need new equipment, new stuff to play around with and to learn how to use for us to go into the real world and actually know how to use it, Lampert said. The only way that we can get that is through donations.

For those looking to donate, Hunsucker said he encourages them to tour UCF and CECS to see the opportunities offered along with the students who are benefitting from these opportunities. Hunsucker said he plans to donate in the future after graduation and even now tries to at least give $5.

I, as a student, know what these donations do to help from the student perspective, Hunsucker said. If theres a slight difference I can make to improve on the education, the projects and everything UCF has to offer, Ill definitely do it.

Beyond the classroom, Sullivan said that the upward trend in donations could be attributed to the fact that the UCF community is truly becoming Knight Nation. She said the bonds, memories and long-lasting friendships that students make will support UCF in the future.

Youve got to be grateful for what you have and help support that which helped you so much, Sullivan said. Pay it forward.

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Altair Engineering Inc. (NASDAQ:ALTR) Receives Consensus Recommendation of Hold from Analysts – Defense World

Shares of Altair Engineering Inc. (NASDAQ:ALTR Get Rating) have received an average rating of Hold from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $82.25.

A number of research analysts recently weighed in on ALTR shares. Zacks Investment Research lowered shares of Altair Engineering from a buy rating to a hold rating in a research note on Wednesday, March 2nd. The Goldman Sachs Group decreased their price target on shares of Altair Engineering from $78.00 to $67.00 and set a neutral rating on the stock in a research note on Monday, March 7th.

In other Altair Engineering news, CMO Amy Messano sold 396 shares of the firms stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $64.55, for a total value of $25,561.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gilma Saravia sold 816 shares of the firms stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $64.55, for a total transaction of $52,672.80. The disclosure for this sale can be found here. Insiders sold a total of 11,176 shares of company stock worth $693,839 over the last three months. Corporate insiders own 22.65% of the companys stock.

Shares of ALTR opened at $55.11 on Friday. The businesss 50-day moving average is $61.45 and its two-hundred day moving average is $67.15. The company has a market capitalization of $4.37 billion, a P/E ratio of -423.92 and a beta of 1.52. Altair Engineering has a fifty-two week low of $53.44 and a fifty-two week high of $82.96.

Altair Engineering (NASDAQ:ALTR Get Rating) last posted its earnings results on Thursday, February 24th. The software reported $0.05 EPS for the quarter, beating the Zacks consensus estimate of ($0.03) by $0.08. Altair Engineering had a positive return on equity of 3.72% and a negative net margin of 1.65%. The firm had revenue of $140.80 million for the quarter, compared to analysts expectations of $126.05 million. During the same period last year, the firm earned $0.09 EPS. The companys quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that Altair Engineering will post 0.2 earnings per share for the current fiscal year.

Altair Engineering Company Profile (Get Rating)

Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates in two segments, Software and Client Engineering Services. The Software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products.

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Zilliqa price bleeds overnight as crypto analysts predict exit rally in the altcoin – FXStreet

Zilliqa price is suffering a decline, posting 7% losses consistently. Zilliqa has been listed on a cryptocurrency exchange, however, the listing event failed to influence the altcoins price positively in the short-term.

Zilliqa price is currently suffering a downtrend after its rejection from the 0.5 Fibonacci retracement level. The altcoin has broken below its 50-day Exponential Moving Average (EMA), a further bearish sign in Zilliqa chart.

Zilliqa price has witnessed a consistent decline in its price over the past two weeks. The altcoin was hit by the crypto market bloodbath and failed to recover losses.

The ZIL crypto is currently trading below its 50-day EMA. Bitpanda, a leading liquid exchange, recently listed Zilliqa, introducing the altcoin to more investors. Analysts believe Zilliqa price has a critical psychological level at $0.1, and the altcoin broke past it on April 26, 2022.

A break past the psychological level is key to the altcoins price recovery and trend reversal.

Analysts at The Market Periodical believe Zilliqa price could witness a spike in selling pressure and continue a downtrend. However, if Zilliqa price breaks past $0.1, the altcoin could confirm a bullish reversal and climb higher.

Philipp Weber, a crypto analyst and trader, believes Zilliqa price could continue consolidating and drop to $0.078. The analyst notes that if Zilliqa price gets rejected and spirals lower, it could continue its downtrend.

Can zser, technical analyst and trader, is bullish on Zilliqa price and holds an opposing view. The analyst predicts a climb to $0.091.

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Elon Musks Twitter Takeover Will Fuel Major Rally for One Altcoin, Says Top Crypto Trader – The Daily Hodl

A top cryptocurrency analyst is naming one digital asset that could spike amid Elon Musks plans to acquire Twitter.

Pseudonymous crypto trader Altcoin Sherpa tells his 174,200 Twitter followers that Dogecoin (DOGE) could present interesting trade opportunities as the process to buy Twitter plays out.

Elon Musk is a staunch Dogecoin fan who in December of 2021 said that the dog-themed crypto asset was a better currency than anything else he had come across.

DOGE: Im not expecting a sustained DOGE rally for a bit. In my opinion, the dog coin usually goes strongly when retail starts to pile in, marking close to the end of a cycle. That said, Elon Musk buying Twitter might create some interesting trade opportunities.

I expect this to mainly chop and accumulate for now with some crazy Elon Musk spikes in between.

DOGE rallied by slightly over 15% earlier this week after Twitters board announced it had accepted Musks bid to buy the micro-blogging platform.

Dogecoin is trading at $0.1399 at time of writing.

Altcoin Sherpa is also analyzing the two largest cryptocurrencies by market cap. The crypto trader says that Ethereum (ETH) has a more bullish market structure relative to Bitcoin (BTC).

ETH: Unlike BTC, ETH is still decently above its last lows and still has a bullish market structure (BTC does too but its closer). Would like to see a higher low formed for Ethereum. I think that its still at the mercy of BTC though, as always- if BTC tanks, so will ETH.

In the case of the Ethereum/Bitcoin pair, the crypto trader predicts that ETH/BTC is likely to continue to range for weeks at the minimum.

ETH/BTC: This has been chopping around for a year, not really doing much. I dont expect any big moves from this until BTC is in a healthy place and I think that we just continue more consolidation for weeks/months.

Featured Image: Shutterstock/Natalia Siiatovskaia/Tithi Luadthong

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Elon Musks Twitter Takeover Will Fuel Major Rally for One Altcoin, Says Top Crypto Trader - The Daily Hodl

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Institutional investment flows out of ETH and into competing L1 altcoins – Cointelegraph

Institutional investors have shifted their attention from Ethereum to competing layer-1 blockchains of late, with capital inflows for altcoin investment products increasing last week while Ether (ETH) products posted outflows for the third week in a row.

Data from CoinShares latest Digital Asset Fund Flows report shows that investors last week (ending on Friday) loaded up on $3.5 million worth of Avalanche (AVAX), Solana (SOL), Terra (LUNA) and Algorand (ALGO) funds while capital outflows from Ether products totaled $16.9 million.

It marks the third straight week that Ethereum products have seen outflows, bringing the total over that time to $59.3 million, equal to around 35% of the year-to-date outflows of $169 million from the second-largest blockchain.

Notably, investors also favored digital gold last week despite some recent hesitancy, with Bitcoin (BTC) products fetching $2.6 million worth of inflows.

Over the past 10 weeks, inflows to Ethereum products have reached only $68.5 million in what could signal a bearish trend by institutions towards the major blockchain.

Alternate layer-1 blockchains have been growing in popularity recently, and decentralized application (DApp) usage on Solana in the last seven days has increased, according to metrics from DappRadar. Usage for the decentralized exchange (DEX) Orca has grown nearly 43% over the week, and automated market maker (AMM) Raydium has seen a 15.5% increase, with volume in its app reaching over $1.5 billion.

While the metrics for Avalanches DApp usage havent increased over the week, the blockchainsinvestments in incentive programs and millions spent luring developers to the platform have traders bullish on the future of AVAX.

Related: Does the future of DeFi still belong to the Ethereum blockchain?

The AVAX, SOL, LUNA and ALGO inflows were $1.8 million, $800,000, $700,000 and $200,000, respectively, while Bitcoin saw inflows equating to $2.6 million for the first time in two weeks. Analysts noted that month-to-date outflows for the largest crypto remain at $178 million.

Total outflows over the past three weeks have seen $219 million leave the market, with that number cooling last week winding down to just 7.2 million, a stark contrast to the $134 million which left the market in the first week of April.

Despite the recent run of outflows, the analysts note that year-to-date flows remain positive with $389 million coming into crypto assets since the start of the year.

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Institutional investment flows out of ETH and into competing L1 altcoins - Cointelegraph

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Analyst Says One Ethereum-Based Altcoin in Midst of Parabolic Surge, Predicts Rallies for Two Additional Cr… – The Daily Hodl

A popular crypto strategist says hes keeping a close watch on one Ethereum-based altcoin that he says is going through a parabolic rally.

Pseudonymous crypto analyst Altcoin Sherpa warns his 174,000 Twitter followers that shorting Kyber Network (KNC) while it is trading close to record highs is not a good idea for now.

KNC: Dont really think you want to long or short this thing in the short term. It looks parabolic and price discovery is always unpredictable. With that said, this is also going to be a glorious short eventually. Id prefer waiting for the breakdown first.

Kyber Network is a decentralized, blockchain-based exchange that focuses on aggregating liquidity and facilitating instant swaps between ERC-20 tokens. At time of writing, KNC is exchanging hands for $4.83.

Another token on the traders list is ApeCoin (APE), an altcoin created for the Bored Ape Yacht Club non-fungible token (NFT) community. Altcoin Sherpa predicts that APE will print new all-time highs.

APE: its probably going to soundly break all-time highs given the overall land sale but this is also a sell-the-news period soon, in my opinion. The entire area upcoming is a dangerous area from a [technical] perspective but I think [fundamentals are] more important right now.

Next up is Ethereum (ETH) competitor and smart contract platform Avalanche (AVAX). According to Altcoin Sherpa, AVAX is still bullish on high timeframes despite its sharp corrective move over the past weeks.

AVAX: Still just a range but also technically a bullish market structure as long as this low holds, in my opinion. I think this one does pretty well as long as BTC holds up.

The last coin on Altcoin Sherpas radar is NFT marketplace LooksRare (LOOKS). According to the analyst, LOOKS is at risk of a 16% pullback now that it is trading below support at $1.68.

LOOKS: If this area fails, its going down to the low $1.30s, in my opinion.

At time of writing, LOOKS is trading for $1.66.

Featured Image: Shutterstock/lassedesignen/Natalia Siiatovskaia

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Analyst Says One Ethereum-Based Altcoin in Midst of Parabolic Surge, Predicts Rallies for Two Additional Cr... - The Daily Hodl

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Can ApeCoin APE its way to $20 thanks to its demand – AMBCrypto News

As the broader market flashed green, most altcoins followed suit today. Others, however, corrected their immense hikes from the day before, with ApeCoin being one of the latter.

While in the early hours of 25 April, APE was down by 4.64%, it recovered and rallied throughout the rest of the day to mark a 15.13% hike. Soon, the altcoin registered a 8.61% drawdown, one which corrected the overall rally of the last 24 hours to just 7%.

Alas, beyond this one-day hike, APE has been performing exceptionally this month as an investment vehicle. Within the span of just 20 days, the altcoin shot up by 82.32%, from $10.65 to $19.3. At press time, it was trading at $17.65.

The correction seemed necessary since APEs consistent appreciation has been overheating the market. And, the red candles can help in the cooldown.

This consistent bullishness is coming from the altcoins growing adoption. In fact, it has grown by 44% within a month. Transactions on-chain surrounding ApeCoin have increased from 298k to 360k and are only continuing to rise too.

The network is adding about 1102 investors every day, which is good enough for a cryptocurrency that was launched a little over a month ago.

On the contrary, it is disappointing too since BAYC is no random NFT collection. With a floor price of 138 ETH ($414.3k), the collection has historically conducted more than $1.53 billion worth of trades. Ergo, a mediocre hike is disappointing in the case of APE, but a rise nonetheless in this market is good enough.

In fact, a slow and sustainable rise is also what is attracting more and more investors towards the asset gradually. After some apprehension earlier this month, APE holders began appearing over the last week or so. At press time, the network was expected to have about 14k active addresses.

14k holders out of APEs 52k total holders represent almost 27% of the investors present and participating in a day. This is a much larger proportion of participation in comparison to Bitcoins 2.4%, Ethereums 0.6%, and Cardanos 0.37%.

This shows that APE still has significant support from its investors. This will be crucial in pushing the price above $20.

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Can ApeCoin APE its way to $20 thanks to its demand - AMBCrypto News

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What are the top 3 trending altcoins to buy in 2022 | Find out now on The Market Report – Cointelegraph

The Market Report with Cointelegraph is live right now. On this weeks show, Cointelegraphs resident experts discuss the top three trending altcoins you might want to consider looking at in 2022.

But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.

Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as each of them makes his case for what he thinks is the top trending altcoin to buy in 2022. First up, we have Bourgi, with his pick of Terras LUNA, which offers a stablecoin system and a native blockchain. TerraUSD (UST) is now the third-largest stablecoin with a market capitalization of $18.3 billion.

TheLuna Foundation Guard also plans to spend about $10 billion on Bitcoin (BTC) reserves, but could there be a risk backing UST with an asset that has an entirely different risk profile? Also, the total decision on how to spend the $10 billion lies in the hands of one man, Do Kwon, a co-founder of Terra. Can a single person really decide how to spend such an enormous fund?

Yuan is next with his pick of ApeCoin (APE), which has a current valuation of about $15 billion. It also has a lot of celebrity influence, a product structure similar to Tesla and an ecosystem that will unlock even more utility for ApeCoin, such as metaverse assets, property, rent, loans, etc. On the downside, however, nothing in the metaverse is operational at the moment, and everyone trusts the vision of ApeCoins board. Plus, there is no telling yet how it will compete with the likes of Meta, Google and Decentraland once it finally does get up and running.

In the third spot, weve got Finneseth. This week, he has decided to go with STEPN (GMT), which brands itself as a Web3 lifestyle app and is designed to promote a healthier lifestyle where users can earn rewards for walking, jogging or running outdoors. It also integrates the concept of nonfungible tokens (NFT) with its Sneakers, which can be equipped before the user starts their outdoor activity with GPS activated to earn rewards.

Users have the ability to level up their sneakers and then sell them on the marketplace for GMT, which can be converted to USD Coin (USDC). Its an interesting and unique concept, but will it be enough to sway our loyal viewers to vote for him in our live poll?

After the showdown, weve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Oasis Network (ROSE) and Everest (ID).

Do you have a question about a coin or topic not covered here? Dont worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will be given a free month of Cointelegraph Markets Pro, worth $100.

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What are the top 3 trending altcoins to buy in 2022 | Find out now on The Market Report - Cointelegraph

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