Market
5 Artificial Intelligence (AI) Altcoins to Watch in June 2024

The world of artificial intelligence (AI) is rapidly evolving, and the integration of blockchain technology is fueling a new wave of innovation known as AI tokens.
These tokens power various projects aiming to revolutionize how AI is developed, accessed, and utilized.
Exploring AI Tokens: Technical Outlook for Bittensor, The Graph, and More
This analysis dives into the exciting world of AI tokens, exploring some of the leading players like Bittensor (TAO), The Graph (GRT), SingularityNET (AGIX), Ocean Protocol (Ocean), and Fetch.ai (FET).
We’ll analyze their technical outlook using the Ichimoku Cloud indicator to see if these projects’ current hype translates to potential buying opportunities.
Bittensor (TAO)
Bittensor aims to create a decentralized network for machine learning. It is a peer-to-peer network where users can create, train, share, and trade machine learning models, fostering a collaborative AI environment.
Bittensor aspires to form a collective intelligence like a global brain by connecting various models globally. Utilizing blockchain technology built on the Substrate framework, Bittensor ensures a secure, transparent, and censorship-resistant platform.
Technical Outlook
TAO experienced a sharp correction, which still continues. The drop below $410 is a bearish signal since the $410 line represents a flat Ichimoku baseline plateau.
Read more: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024

This could lead the price to continue the downtrend to $335. Buying TAO at these price levels is interesting. A break above $410 could lead TAO to reach the Ichimoku cloud, which is located between $480 and $550.
The Graph (GRT)
The Graph makes blockchain data accessible by acting as an intermediary, allowing AI developers to easily search for, find, and retrieve relevant data from blockchains. This data is essential for training AI models across various fields, such as financial analysis, supply chain management, and creative applications.
Technical Outlook
GRT is down 40% from its local high of $0.49. The price currently trades inside the daily Ichimoku cloud, which ranges between $0.26 and $0.34, an important zone to watch.
Breaking above $0.34 could lead to the price appreciating and reaching the important resistance zone at $0.36, which has proven to be a significant price line for GRT.
Read More: The Graph (GRT) Price Prediction 2024/2025/2030

Buying GRT at these levels or lower could be advantageous. A break below the Ichimoku cloud could incentivize a further ongoing correction. Monitoring the cloud could be a good strategy to determine where to buy GRT.
SingularityNET (AGIX)
SingularityNET is a blockchain-based AI marketplace. It allows developers to create and share AI services, monetize their expertise by earning AGIX tokens, and users to find and use specific AI solutions.
Technical Outlook
AGIX is currently trading at the lower boundary of the daily Ichimoku cloud, indicating potential price indecision. If the price drops below the Ichimoku cloud, it could signal bearish momentum and push the price down to $0.84. Should the price break below the $0.84 support level, it could further decline to $0.65.

Buying AGIX between $0.84 and $0.65 might be a good investment entry point. Conversely, if the price moves above the cloud, this could indicate a trend reversal and an increase in price to the $1 resistance level, which marks the upper boundary of the cloud.
A breakout above this level could signal a bull run, driving AGIX to a local high of $1.46.
Ocean Protocol (OCEAN)
Ocean Protocol creates a secure and open marketplace for data sharing and monetization. It facilitates transactions using blockchain technology, allowing data owners to create tokens (DATs) representing access rights to their data. This enables controlled sharing and pricing while enhancing privacy and security.
Technical Outlook
Ocean’s price took a hit during a recent Bitcoin correction. When Bitcoin fell from $73,000 to $56,000, Ocean dropped from $1.60 to $0.62, representing a significant decrease of 62%. Currently, Ocean is trading at $0.88, right at the bottom of the daily Ichimoku Cloud.

A break below the Ichimoku Cloud could trigger significant selling pressure, pushing the price down to the key support level of $0.80. If that level breaks, Ocean could fall further to its previous low of $0.62.
However, considering Bitcoin’s recent performance, buying Ocean at these levels could be an attractive option for long-term investors.
Fetch.ai (FET)
Fetch.ai combines AI and blockchain to create an autonomous agent economy. It envisions a future where software agents represent individuals, organizations, and devices interacting on a decentralized network.
Fetch.ai provides developers with tools to build agents with specific capabilities, ensuring secure and transparent interactions within its ecosystem. The native token, FET, is used for transactions within the network, including agent communication and data access.
Technical Outlook
Fetch.ai’s (FET) price is currently testing a crucial support level, attempting to break below the Ichimoku Cloud on the daily chart. If this downward trend continues and FET fails to revisit the cloud’s lower boundary, a further price decline to $1.8 is possible.
This $1.8 level acts as significant support and a break beneath it could trigger a steeper drop to $1.5.

However, this price range between $1.5 and $2 for long-term investors could present a good buying opportunity. Despite the volatility inherent to FET, a potential upside exists if Bitcoin manages to break its all-time high of $73,800, which could lead to a swift recovery in FET’s price.
Conclusion: Long-Term Potential and the Bitcoin Factor
The AI token market presents a fascinating opportunity for investors with a long-term perspective. These projects are at the forefront of a technological revolution that could reshape various industries. While short-term volatility is to be expected, successful AI projects have the potential to generate significant returns for investors who believe in their long-term vision.
Here’s where Bitcoin comes in. The cryptocurrency market often exhibits a domino effect, with Bitcoin’s price movements influencing the prices of altcoins, including AI tokens.
Read More: 4 Biggest Crypto Predictions for June 2024
A potential surge in Bitcoin’s price, especially towards the often-discussed $100,000 mark and beyond during a bull market, could catalyze significant gains in the AI token space.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Report Alleges Massive Meme Coin Sniping on Pump.fun

According to a new report from Pine Analytics, token deployers on Pump.fun systematically funded sniper wallets to buy their own meme coins. This impacted over 15,000 token launches on the platform.
These sniper wallets operated primarily during US trading hours, executing standardized, profitable strategies. Unrelated bot activity obscures their behavior, making it extremely difficult to isolate these wallets—and they can readily adapt to new countermeasures.
Snipers Roam Free on Pump.fun Meme Coins
Pump.fun has remained one of the most popular meme coin launchpads on Solana despite persistent controversies and other criticism.
However, Pine Analytics’ new report has uncovered a new controversy, discovering systematic market manipulation on the platform. These snipes include as much as 1.75% of all launch activity on Pump.fun.
“Our analysis reveals that this tactic is not rare or fringe — over the past month alone, more than 15,000 SOL in realized profit was extracted through this method, across 15,000+ launches involving 4,600+ sniper wallets and 10,400+ deployers. These wallets demonstrate unusually high success rates (87% of snipes were profitable), clean exits, and structured operational patterns,” it claimed.
Solana meme coin deployers on Pump.fun follow a consistent pattern. They fund one or more sniper wallets and grant them advance notice of upcoming token launches.
Those wallets purchase tokens in the very first block and then liquidate almost immediately—85% within five minutes and 90% in just one or two swap events.

Pump.fun meme coin developers exploit this tactic to create the appearance of immediate demand for their tokens. Retail investors, unaware of the prior sell‑off, often purchase these tokens after the snipe, giving developers an unfair advantage. This constitutes market manipulation and erodes trust in the platform.
Pine Analytics had to carefully calibrate its methods to identify genuine snipers. Apparently, 50% of meme coin launches on Pump.fun involve sniping, but most of this is probably bots using the “spray and pray” method.
However, by filtering out snipers with no direct links to developer wallets, the firm missed projects that covered their tracks through proxies and burners.
In other words, the meme coin community does not have adequate defenses against systematic abuse on Pump.fun. There are a few possible ways that the platform could flag repeat offenders and sketchy projects, but adaptive countermeasures could defeat them. This problem demands persistent and proactive action.
Unfortunately, it may be difficult to enact such policies. Meme coin sniping is so systematic that Pump.fun could only fight it with real commitment.
Analysts think that building an on-chain culture that rewards transparency over extraction is the best long-term solution. A shift like that would be truly seismic, and the meme coin sector might not survive it.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Solana Leads Blockchain Metrics as SOL Momentum Builds

Solana (SOL) continues to show strength across multiple fronts, maintaining a bullish structure on its Ichimoku Cloud chart while gaining momentum in key market metrics. The BBTrend indicator has turned higher again, signaling renewed buying pressure after a brief cooldown.
On-chain activity remains strong, with Solana leading all blockchains in DEX volume and dominating fee generation thanks to the explosive growth of meme coins and launchpad activity. With SOL now trading above a key resistance level, the path is open for further upside—though a loss of momentum could still trigger a retest of lower supports.
Solana Maintains Bullish Structure, but Momentum Faces Key Test
On Solana’s Ichimoku Cloud chart, the price is currently above the Kijun-sen (red base line) but has dipped below the Tenkan-sen (blue conversion line), signaling weakening short-term momentum.
The flattening Tenkan-sen and price behavior suggest possible consolidation or the early stages of a pullback. Still, with the price holding above the Kijun-sen, medium-term support remains intact.

The overall Ichimoku structure remains bullish, with a thick, rising cloud and leading span A well above span B—indicating strong underlying support.
If Solana finds support at the Kijun-sen and climbs back above the Tenkan-sen, the uptrend could regain strength; otherwise, a test of the cloud’s upper boundary may follow.

Meanwhile, Solana’s BBTrend is currently at 6, extending nearly ten days in positive territory after peaking at 17.5 on April 14. The recent increase from 4.26 to 6 suggests renewed bullish momentum following a brief cooldown.
BBTrend, or Bollinger Band Trend, tracks the strength of price movement based on Bollinger Band expansion.
Positive values like the current one point to an active uptrend, and if the BBTrend continues to rise, it could signal stronger momentum and potential for another upward move.
Solana Dominates DEX Volume and Fee Generation as Meme Coins Drive Ecosystem Growth
Solana has once again claimed the top spot among all chains in DEX volume, recording $15.15 billion over the past seven days. The combined total of Ethereum, BNB, Base, and Arbitrum reached $22.7 billion.

In the last 24 hours alone, Solana saw $1.67 billion in volume, largely fueled by its booming meme coin ecosystem and the ongoing launchpad battle between PumpFun and Raydium. Adding to this good momentum, Solana recently surpassed Ethereum in Staking Market Cap.

When it comes to application fees, Solana’s momentum is just as clear. Four of the top ten fee-generating apps over the past week—PumpFun, Jupiter, Jito, and Meteora—are Solana-focused.
Pump leads the pack with nearly $18 million in fees alone.
Solana Breaks Key Resistance as Uptrend Targets Higher Levels, but Risks Remain
Solana has finally broken above its key resistance at $136, flipping it into a new support level that was successfully tested just yesterday.
Its EMA lines remain aligned in a bullish setup, suggesting the uptrend is still intact.
If this momentum continues, SOL price could aim for the next resistance zones at $147 and $152—levels that, if breached, open the door to a potential move toward $179.

The current structure favors buyers, with higher lows and strong support reinforcing the trend.
However, if momentum fades, a retest of the $136 support is likely.
A breakdown below that level could shift sentiment, exposing Solana to deeper pullbacks toward $124 and even $112.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Crypto Firms Donated $85 million in Trump’s Inauguration

According to a new report, 15 firms and individuals from the crypto industry donated more than $100,000 to President Trump’s Inauguration, totaling over $85 million.
Almost all of these companies apparently received direct or indirect benefits from Trump’s administration. This includes dropped legal proceedings, lucrative business partnerships, participation in Trump’s Crypto Summit, and more.
Crypto Industry Went All-In on Trump’s Inauguration
Since promising to bring friendlier regulations on the campaign trail, Donald Trump attracted a reputation as the Crypto President.
Trump’s Inauguration festivities included a “Crypto Ball,” and several prominent firms made donations for these events. Today, a report has compiled all crypto-related contributions of over $100,000, revealing some interesting facts.

Since taking office, President Trump and his family have been allegedly involved in prominent crypto controversies, and these donations may be linked to several of them.
For example, eight of the donors, Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, Ripple, Robinhood, and Consensys, had SEC investigations or lawsuits against them closed since Trump’s term began.
The commission might have dropped its probe against these companies anyway due to its changing stance on crypto enforcement. However, being in the President’s good books likely helped the process.
Further Alleged Benefits for Donors
In other words, nearly half the firms that made donations to Trump’s Inauguration have seen their legal problems cleared up quickly. This isn’t the only regulation-related benefit they allegedly received.
Circle, for example, recently made an IPO after openly stating that Trump’s Presidency made it possible. Galaxy Digital received SEC approval for a major reorganization, a key step for a NASDAQ listing.
Other donors, such as Crypto.com and ONDO, got more direct financial partnerships with businesses associated with the Trump family.
Previously, Ripple’s CEO, Brad Garlinghouse, anticipated a crypto bull market under Trump. Also, XRP, Solana, and Cardano were all unexpectedly included in the US Crypto Reserve announcement.
All three of these companies made major donations to Trump’s Inauguration.
It seems that most of the firms involved got at least some sort of noticeable benefit from these donations. Donors like Multicoin and Paradigm received invitations to Trump’s Crypto Summit, while much more prominent groups like the Ethereum Foundation got snubbed.
Meanwhile, various industry KOLs and community members have already alleged major corruption in Trump’s crypto connections.
While some allegations might lack substantial proof, the crypto space has changed dramatically under the new administration, for both good and bad.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.