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Top 3 Artificial Intelligence (AI) Coins of the First Week of July 2024

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The Artificial Intelligence token space has surged considerably this year, and the beginning of Q3 witnessed a major event in this industry.

BeInCrypto has put together a list of tokens that not only performed well during this bearish week but also deserve investors’ attention.

Zignaly (ZIG)

Zignlay’s 2.5% price rise was the best performance by an AI token this week. The crypto asset’s early rise during the previous weekend countered the decline over the last four days. ZIG is thus currently changing hands at $0.105.

It is attempting to close above the crucial support at $0.105, one that has been rested as resistance in the past. Securing it as support would enable recovery towards $0.112.

Read More: How Will Artificial Intelligence (AI) Transform Crypto?

ZIG Price Analysis.
ZIG Price Analysis. Source: TradingView

However, failure to do so would mean additional potential losses for the token. A drop to $0.093 is likely, and the same would invalidate the bullish thesis.

Aethir (ATH)

While Aethir is a newly launched token, despite its strength, it has not conceded to the broader market trends. Trading at $0.066, ATH’s price is looking at consolidation over a decline.

This consolidation range spans between $0.077 and $0.063. The altcoin, still a newcomer in the space, aims to facilitate DePIN’s role as a GPU cloud computing aggregator. Given DePIN’s considerable demand over the past few days, ATH is saved from losses.

Read More: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?

ATH Price Analysis.
ATH Price Analysis. Source: TradingView

Nevertheless, if ATH’s price were to drop below the support of $0.063 again, a drawdown to $0.057 is likely. Losing it would invalidate the consolidation thesis.

Artificial Superintelligent Alliance (ASI) 

The Artificial Superintelligent Alliance is one of the biggest events in the AI sector this quarter. As Ocean Protocol (OCEAN) and SingularityNET (AGIX) merged into Fetch.ai (FET), their collective identity has been converted into ASI.

They began the token merger this week and expect to complete it by mid-July. Until then, the Artificial Superintelligent Alliance will trade under the FET ticker. This altcoin, which now holds a market capitalization of almost $3 billion, has become the second biggest asset in the AI token market.

However, FET remained consolidated between $1.7 and $1.0 as the merger’s bullishness encountered resistance from the broader market decline.

Read More: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024

ASI Price Analysis.
ASI Price Analysis. Source: TradingView

Therefore, this consolidation will continue in the coming days until the merger is completed, and the resulting bullishness will help FET break out of it.

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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Ripple Highlights UK’s Potential to Become Global Crypto Hub

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Blockchain firm Ripple has called on UK policymakers to seize the moment and position the country as a global leader in digital assets.

Matthew Osborne, Policy director of Ripple Europe, revealed that panelists at Ripple’s recent London Policy Summit stated that the country has the right mix of financial expertise, infrastructure, and international reputation to lead this evolving sector.

UK Has ‘Second-Mover Advantage’

In a blog post, Osborne pointed out that one of the key takeaways from the summit was that the UK holds a “second-mover advantage” in the race for crypto regulation.

According to the post, the UK can adopt a more balanced and innovation-friendly regulatory framework by observing the early efforts of jurisdictions like the EU, Singapore, and Hong Kong.

They believe that this approach could ensure consumer protection while encouraging responsible growth across the sector.

“There is a huge opportunity for digital assets in the UK. With growing consensus that blockchain technology will transform financial markets, the UK already boasts a globally leading, competitive financial services center. And with particular strengths in FX, capital markets, insurance and professional services, the UK has all the building blocks to be a global leader in digital assets,” Osborne wrote.

The panelists furthered that these clear rules will improve institutional confidence, raise industry standards, and lower systemic risks. However, they also warned that the window to act is quickly closing.

“The window of opportunity is narrowing, and one clear theme that emerged from industry participants is the need to provide regulatory clarity with greater pace and urgency,” the blockchain firm noted.

The need for urgency stems from projections that digital assets could represent up to 10% of global capital markets by 2030, potentially holding a combined value of $4 to $5 trillion.

Osborne stressed that the UK must act boldly and collaboratively to remove unnecessary legal obstacles and create an innovation-friendly environment.

Meanwhile, another pressing concern the panelists highlighted was the lack of clarity around stablecoins.

Stablecoins are digital tokens pegged to fiat currencies like the US dollar and are essential to the broader crypto economy. As they are increasingly used for trading, payments, and settlements, stablecoins have become the backbone of the digital asset ecosystem.

Stablecoins Market Cap.
Stablecoins Market Cap. Source: IntoTheBlock

With a current market valuation exceeding $230 billion, stablecoins are expected to grow further as adoption increases.

Considering this, there are calls for the Financial Conduct Authority (FCA) to fast-track its stablecoin framework. The panelists emphasized the need for policies that support both domestically issued and foreign stablecoins operating within the UK.

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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Celestia (TIA) Price’s 30% Crash Prolonging Could Bring Recovery

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Celestia (TIA) has recently experienced a significant drawdown, losing nearly 30% of its value in the past two weeks. This decline has been attributed to the broader bearish market conditions, which caused panic among investors.

As a result, many TIA holders decided to pull their funds, adding to the downward pressure on the price.

Celestia Holders Opt To Back Out

The Chaikin Money Flow (CMF) indicator has shown significant outflows from Celestia, marking the largest selling activity since the beginning of 2025. This reflects the growing fear among investors after the 30% price correction. 

However, despite the negative sentiment, there has been an uptick in the CMF recently, indicating that some new investors are beginning to see value in the low prices. These inflows could potentially help stabilize the price and set the stage for a recovery.

Celestia CMF
Celestia CMF. Source: TradingView

The Relative Strength Index (RSI) for Celestia shows that cryptocurrency is currently on a bearish trend. Stuck below the neutral line at 50.0, the RSI is moving closer to the oversold threshold of 30.0. Historically, when an asset reaches this level, it is considered a signal for a potential reversal, as selling typically slows, and accumulation begins.

If the RSI falls below 30, it could trigger buying interest, as many traders may view the low prices as an opportunity to enter the market.

The current state of the RSI suggests that while bearish momentum is still strong, the conditions are ripe for a reversal. If the selling pressure wanes and buyers begin to step in, Celestia’s price could find support and begin an upward move.

Celestia RSI
Celestia RSI. Source: TradingView

TIA Price Could Be Looking At Recovery

Celestia is currently priced at $2.62, reflecting a nearly 30% decline over the past two weeks. It is holding just above the critical support level of $2.53. If the market sentiment improves and the RSI hits the oversold zone, there is potential for a recovery.

The influx of new investors could provide the momentum needed to drive the price higher.

A successful bounce from the $2.53 support level could see Celestia pushing through $2.73 and heading towards $2.99. This would signal the beginning of a recovery rally and possibly set the stage for further price appreciation as market conditions improve.

Celestia Price Analysis.
Celestia Price Analysis. Source: TradingView

However, if Celestia fails to hold the $2.53 support, it could trigger a further decline towards $2.27. This would invalidate the bullish outlook, prolonging the downtrend and extending investors’ losses.

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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Conor McGregor’s Crypto Token REAL Tanks After Launch

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Conor McGregor, the former UFC champion, has entered the crypto scene with the launch of a new memecoin dubbed REAL.

Despite the star power behind it, REAL is off to a sluggish start, struggling to attract investor interest in a memecoin market that is still reeling from recent scandals.

Conor McGregor’s REAL Token Raises Just $218,000

Announced on April 5, McGregor unveiled his plans to disrupt the digital asset space, claiming he had already changed the fight, whiskey, and stout industries.

“I changed the FIGHT game. I changed the WHISKEY game. I changed the STOUT game. Now it’s time to change the CRYPTO game. This is just the beginning. This is REAL,” McGregor announced on X.

His latest move involves a partnership with Real World Gaming DAO to launch REAL. The token promises staking rewards and governance rights through a decentralized autonomous organization.

According to the project’s website, the team opted for a sealed-bid auction model to launch the token, aiming to prevent bot manipulation and create fairer pricing.

Under this system, participants submitted bids using USDC. Successful bidders would receive REAL tokens based on a clearing price, while those who didn’t meet the mark would be refunded.

“The auction will be open for 28 hours, after which a single clearing price will be determined. Tokens will be locked for 12 hours after auction close to facilitate a snipe-free deployment of on-chain liquidity. Proceeds from the auction will seed this pool and fund the DAO treasury,” the project added.

However, the community’s response to the project has been underwhelming. The team aimed to raise $3.6 million, with a minimum threshold of $1 million. As of press time, the auction has raised just $218,000, far below expectations.

REAL Token Fundraise.
REAL Token Fundraise. Source: REAL Website

Several issues appear to be fueling investor hesitation. Critics have called out the token’s short unlock window, warning that it creates ideal conditions for rapid sell-offs.

Others raised concerns about the project’s use of third-party logos on its site, hinting at misleading promotional tactics.

Moreover, community feedback about the project has also been overwhelmingly negative. Many users labeled the tokenomics as flawed and accused the team of focusing on short-term hype rather than sustainable value.

“If you’re buying REAL token, prepare to get dumped on. The tokenomics are absolute trash, and the unlock cliff is only 12 hours. You’re essentially giving your money away if you buy this token,” Crypto Rug Muncher wrote.

Conor McGreggor's REAL Token Tokenomics.
Conor McGregor’s REAL Token Tokenomics. Source: REAL Website

Meanwhile, the dismal launch reflects broader exhaustion in the meme coin sector, which has been rattled by recent scandals involving other celebrity-backed tokens.

Tokens tied to Donald Trump and Melania, for instance, have seen sharp declines that have caused investors significant losses.

“Celebrity coins like McGregor’s REAL and Trumps’ are toxic for crypto! Driven by hype, they lack utility, $Trump crashed 81%, $Melania 92%. These [tokens] hurt investors and crypto’s reputation. We need utility tokens for real value and growth,” Maragkos Petros, the founder of MetadudesX said on social media platform X.

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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