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

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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

TAO/USDT (1D). Source: TradingView
Bittensor Analysis. Source: TradingView

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

GRT/USDT (1D). Source: TradingView
The Graph Analysis. Source: TradingView

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.

AGIX/USDT (1D). Source: TradingView
SingularityNET Analysis. Source: TradingView

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.

OCEAN/USDT (1D). Source: TradingView
OCEAN/USDT (1D). Source: TradingView

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.

FET/USDT (1D). Source: TradingView

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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3 Meme Coins to Watch For The Last Week of February 2025

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DOGEai, TST, and BROCCOLI are three meme coins drawing attention for the last week of February. DOGEai, launched on Solana, is up 110% in the past seven days, positioning itself as a leading AI meme coin.

TST remains one of the most popular meme coins on the BNB chain despite a recent correction. At the same time, BROCCOLI, inspired by Binance co-founder CZ’s dog, has also seen significant volatility.

DOGEai (DOGEAI)

DOGEai is an artificial intelligence coin launched on Solana. Its market cap is now $32 million, up 82% in the last seven days. This rise has positioned DOGEai as one of the most talked-about AI meme coins in recent days.

DOGEAI Price Analysis.
DOGEAI Price Analysis. Source: TradingView.

DOGEai leverages multiple narratives, including Dogecoin’s popularity, the growing interest in DOGE (Department of Government Efficiency), and the broader AI cryptos trend. It defines itself as “an autonomous AI agent here to uncover waste and inefficiencies in government spending and policy decisions,” offering bill summaries and insights into government expenditures.

If the current uptrend continues, DOGEai could test the resistance at $0.048, with potential targets at $0.059 and $0.069. However, if a downtrend emerges, DOGEai has support at $0.030, and if that level is lost, it could drop to $0.018 or even $0.0092.

Test (TST)

TST has emerged as one of the most popular meme coins on the BNB chain, benefiting from the chain’s growing volume, which recently even surpassed Solana.

In the days following its launch, TST reached a market cap close to $500 million, then entered a strong correction phase. Its market cap has since dropped to $78 million.

TST Price Analysis.
TST Price Analysis. Source: TradingView.

If the BNB narrative gains strength again, TST could benefit as one of its most popular meme coins and may test the resistance at $0.10. A breakout above this level could push TST to $0.20 or even $0.25 if buying pressure intensifies.

However, if TST fails to regain strong upward momentum, it could test the support at $0.0719 and potentially drop to its lowest levels since February 9.

CZ’S Dog (BROCCOLI)

BROCCOLI was launched a few weeks ago after Binance co-founder CZ revealed his dog’s name, sparking a flood of BROCCOLI tokens on the market.

The largest of these tokens quickly surged to a $249 million market cap in its early days but has since dropped to $52 million.

Like TST, BROCCOLI benefited from the recent rise of the BNB ecosystem but has since entered a strong correction phase. It is down 40% in the last seven days.

BROCCOLI Price Analysis.
BROCCOLI Price Analysis. Source: TradingView.

If the downtrend continues, BROCCOLI could test support near $0.04, and a break below this level could push it to its lowest price since launch.

However, if the BNB ecosystem and meme coins regain traction, BROCCOLI could benefit, especially given the popularity of dog-related meme coins like Dogecoin and Shiba Inu. In this bullish scenario, BROCCOLI could rise to test the resistance at $0.113.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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Ethereum Rollback Debate Intensifies After Bybit Hack

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The crypto community is divided over calls for an Ethereum blockchain rollback following a massive security breach at Bybit.

On February 21, the exchange lost nearly $1.5 billion in ETH to hackers, sparking discussions about whether Ethereum should intervene to recover the stolen funds.

What is a Blockchain Rollback?

A blockchain rollback, also known as a reorganization, involves reversing confirmed transactions to restore the network to an earlier state.

This process usually happens after a major security breach or exploit. Validators must reach a consensus to discard the affected blocks, effectively erasing the malicious transactions.

Despite its potential benefits, a rollback remains a controversial and rarely used measure due to its impact on a blockchain’s trust and decentralization.

Blockchains operate on the principle of immutability, meaning transactions are expected to be final once confirmed. So, rolling back transactions challenges this principle, raising concerns about the security and reliability of the network.

Crypto Leaders Clash Over Ethereum Rollback Proposal

BitMEX co-founder Arthur Hayes has been vocal in advocating for a rollback to solve the ByBit hack. He pointed to the 2016 DAO hack, where Ethereum underwent a hard fork to recover stolen funds, as precedent.

Hayes argued that since Ethereum previously compromised on immutability, another intervention should not be off the table.

“My own view as a mega ETH bag holder is ETH stopped being money in 2016 after the DAO hack hardfork. If the community wanted to do it again, I would support it because we already voted no on immutability in 2016,” Hayes said.

JAN3 CEO Samson Mow also supported the rollback, stating it could prevent North Korea from using the stolen funds to fund its nuclear weapons program.

However, not everyone agrees. Pseudonymous crypto trader Borovik strongly opposed the idea, arguing that a rollback would jeopardize Ethereum’s credibility and neutrality.

Bitcoin advocate Jimmy Song also dismissed the possibility, stating that the Bybit hack cannot be compared to the 2016 DAO exploit. Song emphasized that the DAO hack allowed for a 30-day intervention, whereas the Bybit attack is already finalized, making a rollback impractical.

“I know people are expecting the Ethereum Foundation to roll back the chain, but I suspect it’s already too much of a mess to do it cleanly,” Song added.

Meanwhile, Ethereum supporter Adriano Feria introduced an alternative perspective. He argued that Bybit could have avoided this situation by using a Layer 2 (L2) solution with conditional reversible transactions.

According to Feria, blockchain technology needs some form of reversibility to ensure real-world adoption.

“Whether through social recovery or another pre-determined, immutable, and transparent decision-making process, real-world mass adoption will not work without reversible transactions. Without this capability, transactional activity will inevitably gravitate toward TradFi systems that already provide it,” Feria stated.

This debate raises a fundamental question for Ethereum: should it prioritize immutability or intervene in extreme cases?

While some see a rollback as a necessary response to an unprecedented loss, others fear it could undermine the core principles of decentralization. Ethereum’s next steps will likely shape its long-term credibility and trust within the crypto space.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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Berachain (BERA) Falls 15% After Recent Rally Surge

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Berachain (BERA) is down almost 15% in the last 24 hours, with its market cap now at $778 million, although its price remains up nearly 20% over the past seven days. This sharp pullback comes after a strong rally between February 18 and February 20, when BERA reached levels above $8.5.

BERA’s Relative Strength Index (RSI) has dropped from overbought levels, signaling a loss of bullish momentum, while its Directional Movement Index (DMI) shows growing bearish pressure. As BERA navigates this correction phase, it faces key support at $6.1, with potential resistance levels at $8.5, $9.1, and $10 if bullish momentum returns.

BERA RSI Is Dropping Steadily After Touching Overbought Levels

Berachain Relative Strength Index (RSI) is currently at 50.6, down sharply from 86.7 just two days ago when its price surged above $8.5. RSI is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100.

It is commonly used to identify overbought or oversold conditions, with values above 70 indicating overbought levels and below 30 suggesting oversold territory.

The steep decline in BERA’s RSI reflects a significant loss of bullish momentum after reaching overbought levels above 86, where a correction was likely.

BERA RSI.
BERA RSI. Source: TradingView.

With RSI now at 50.6, BERA is in a neutral zone, suggesting that buying and selling pressures are relatively balanced.

This could indicate a period of consolidation as the market digests recent gains. If RSI continues to decline below 50, it could signal increasing bearish momentum. This could lead to a further price drop for BERA.

Conversely, if RSI stabilizes and begins to rise, it could suggest renewed buying interest and a potential recovery in Berachain price.

BERA DMI Chart Shows Buyers Are Losing Control

Berachain Directional Movement Index (DMI) chart shows its Average Directional Index (ADX) currently at 50.5, after peaking at 60.2 yesterday, up from just 13.3 five days ago. ADX is an indicator used to measure the strength of a trend, regardless of its direction, ranging from 0 to 100.

Values above 25 typically indicate a strong trend, while values below 20 suggest a weak or sideways market. The sharp rise in ADX reflects a significant increase in trend strength, confirming that BERA has been experiencing strong directional movement recently.

BERA DMI.
BERA CMF. Source: TradingView.

Meanwhile, BERA’s +DI is at 24.4, down from 48.4 two days ago, indicating weakening bullish momentum. Meanwhile, -DI has risen to 15.1 from 4.9, suggesting growing bearish pressure.

This shift signals that the bullish trend that drove prices higher is losing steam, and selling interest is beginning to increase.

If -DI continues to rise above +DI, it could indicate a bearish crossover, signaling a potential reversal or deeper correction in BERA’s price. However, if +DI stabilizes and moves upward again, it could suggest a continuation of the uptrend, albeit with reduced momentum.

Will Berachain Fall Below $6 Soon?

Berachain surged 53% between February 18 and February 20, pushing its price above $8.5 after the coin struggled following its airdrop. However, after this sharp rally, BERA entered a correction phase and is currently down almost 15% in the last 24 hours.

This pullback suggests profit-taking and a shift in market sentiment as buyers hesitate to push prices higher. If the downtrend continues, BERA could soon test the support at $6.1, and a break below this level could lead to a further decline towards $5.48, reflecting increased selling pressure.

BERA Price Analysis.
BERA Price Analysis. Source: TradingView.

On the other hand, if Berachain can regain its bullish momentum from a few days ago, it could rise above $8.5 again, potentially testing the next resistance levels at $9.1 or even $10.

To confirm this bullish scenario, Berachain would need to see renewed buying interest and strong upward momentum. If buyers can defend key support levels and push the price above resistance zones, it could indicate the continuation of the uptrend.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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