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Altcoins

4 AI-powered Altcoins Surpassing Bitcoin, Ethereum, and XRP in 2024

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4 AI-powered Altcoins Surpassing Bitcoin, Ethereum, and XRP in 2024

THE cryptocurrency the landscape experiences a wave of enthusiasm as AI-based altcoins like Render (RNDR), SingularityNET, Bittensor (TAO), and Fetch.ai (FET) show significant growth potential. These altcoins, known for their advanced AI technologies, are outperforming traditional giants like BitcoinEthereum and XRP in 2024. Their unique characteristics and growing acceptance contribute to their success.

1. Rendering (RNDR)

Render (RNDR) is responsible for transforming the way digital content is created using a GPU-based distributed rendering network. This platform uses OctaneRender to connect individuals in need of rendering services with GPU owners with excess capacity.

Rendering Price Table

This model leverages unused computing resources and creates a new revenue stream for GPU owners. Currently, Render ranks 24th on CoinMarketCap, with a market capitalization of approximately $4.15 billion. This substantial valuation highlights the significant impact and adoption of decentralized technologies in the creative industry.

Recently, the RNDR price saw a sharp rise, gaining 10% to $10.79 today. The increase reflects broader interest in AI-driven cryptocurrencies, which are currently outperforming major market players like Bitcoin, Ethereum, and XRP.

2. SingularityNET (AGIX)

SingularityNET, a decentralized AI services platform, champions an open source model to democratize the benefits of artificial intelligence. Through a network of smart contracts, it supports a global AI marketplace designed for widespread access and collective contributions.

The platform’s cryptocurrency, SingularityNET (AGIX), recently saw a 5% increase, which analysts attribute to increased on-chain activity.

Over the past year, the price of AGIX has risen sharply by 263%, driven by growing interest in AI-driven digital currencies. Currently, the AGIX Price stands at $1.01, maintaining an uptrend on the investment charts. This growth coincides with a broader enthusiasm in the AI ​​sector, notably spurred by impressive profits from AI chip giant Nvidia.

3. Bittensor (TAO)

Bittensor (TAO) is pioneering a transformative approach by integrating blockchain technology with artificial intelligence, reshaping the future of machine learning. This initiative aims to democratize the development of AI and promote a collaborative and accessible environment.

Recently, the Price of the Bittenseur surged 17% over the past week, reflecting a rise in investor confidence. Currently priced at $437, its market capitalization has reached $2.93 billion, highlighting its growing role in the industry.

4. Recover.ai (FET)

Fetch.ai (FET) is revolutionizing the blockchain scene with its innovative machine learning network. This platform focuses on decentralization and optimization of online transactions, thereby improving user experience.

Fetch.ai’s growth has attracted the attention of investors, especially those interested in AI-based projects. As a result, Fetch.ai makes artificial intelligence technologies more widely available.

Fetch.ai Price Chart

Currently, Recover.ai is priced at $2.43, an increase of 2.49%, suggesting an uptrend in the market. Over the past week, FET’s value has soared more than 24%, raising its market capitalization to $2.9 billion and placing it 51st in the global rankings. Over the past year, FET has seen a remarkable 540% increase, outperforming major cryptocurrencies like Bitcoin, Ethereum, and XRP in 2024.

Conclusion

Render, SingularityNET, Bittensor and Fetch.ai are setting the tone in the cryptocurrency market. With their AI-based platforms, they offer a new avenue of investment, one that deviates from traditional giants like Bitcoin, Ethereum and XRP.

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Altcoins

AI Altcoins That Are Overlooked But Show Immense Potential

TokenTalk Staff

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AI Altcoins Which Are Overlooked But Carries Immense Potential

AI altcoins are generally overlooked in the market as they are a relatively new addition to the market. Furthermore, trends mainly increase when discoveries or updates take place in the field of AI technology, which can be limiting factors for them. AI cryptocurrencies. However, with the growing demand for AI and the introduction of increasingly successful AI altcoins, this category could similarly thrive.

Near Protocol, Render, The Graph, Injective, etc. are known to many, but a few AI altcoins are overlooked due to less popularity. However, many of them show great growth potential this year. This blog focuses on these overlooked AI cryptos and their performance in the market.

Turbo (TURBO)

Turbo is the first AI-created meme coin, which has gained 1,462% year-to-date. The AI ​​altcoin is currently valued at $0.005666 and is up 337% over the past 30 days. Turbo attempts another high like three weeks ago when its price reached an all-time high of $0.00978. He is currently ranked 211th on CoinmarketCap for its market cap of $359,664,753 but can do much better if the trend continues.

AI Spectrum (SPECTRE)

Specter AI is another underrated AI altcoin despite its 3,200% gains this year. At the time of writing, Specter AI is trading at $1.49 after a downward trend that continued throughout the month. However, with the market recovery, SPECTER could return to gains like it did two months ago. At that time, it reached its all-time high of $3.58, 1.5 times its current value. Follow “Buy The Dip” as the price is dropping for this AI Cointhe investment could therefore generate good returns.

Arch block (ABT)

ABT is also a victim of declining market greed, where its value is down more than 7% in the last 24 hours, but despite this, it has made gains of 1,241% so far this year . It is currently trading at $2.61 and is 45% off the ATH of $4.70 set just a month ago. He is not entirely bearish, as he has made a few rallies in the meantime, maintaining value in the market. The same could happen next, making it a good option for short-term gains.

AI altcoins have enormous growth potential, and many have already provided significant returns to their investors. With the right trend and market recovery, these AI cryptocurrencies can become the best cryptos for a profitable experience.

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With years of love for reading and 5 years of content writing experience, I am here working on my favorite cryptocurrency writings. I actively research trending topics and news statistics to curate the best content for crypto enthusiasts. Staying updated with the trends and learning the basics and advances of this field is the best part of the day.

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.



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Altcoins

Here is a list of the top Altcoins that will lead the “recovery rally”

TokenTalk Staff

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Crypto Experts List Top 5 Altcoins With Huge Return in 2024

Popular Analyst Jason Pizzino took note of his latest analysis and suggested taking a closer look at some altcoins. In recent days, signs indicate the presence of a significant minimum or close to it. He pointed out that similar discussions of significant lows took place in June 2022. Interestingly, two years later there is another period of increased volatility and fear, coinciding with an important date around the solstice.

Jason referred to the collapse of May and June 2022, marked by the fall of DeFi projects like Luna in May, followed by further collapses in June, affecting companies like BlockFi. This period represented a significant low point, although the market declined with the FTX collapse. Despite the economic slowdown, buying during this slow period has proven to be a good entry point.

He highlighted that current market conditions are showing signs of a significant bottom, with the market still in a stealth zone. By analyzing the average true range (ATR) of the bars on a weekly and daily basis, it observed a downward trend on various altcoins, Bitcoin and the total market cap of cryptocurrencies. Historically, a decline in ATR during a bull market suggests a stealthy period of consolidation that usually leads to an upward breakout.

Jason discussed several altcoins:

Recover.ai: Rebounded 40% from its low against USDT. It needs to get back above $1.80, which was a previous low on April 13, marking the 50% retracement level.

AGIX: Similar to Fetch.ai but weaker. Must exceed 1000 and 1200 Satoshi for strength. It is crucial to stay at 63 cents against the US dollar.

Ocean Protocol: You have to stay above 63 cents to aim for 90 cents.

Give back: Showing strength above his level of 50%. Monitor the $3-$5 range for potential corrections. Even with a correction at these levels, the structure would remain bullish.

Pendle: Maintained above the 50% level and good performance despite market fear. Currently around $5.80, it must stay above $5.70 to avoid counterfeiting.

Ondo Finance: Above the 50% level and previous resistance, but caution is advised as it tests near-term levels.

Read also: Analyst Advises Against Stacking Stagnant Altcoins Like XRP and ADA

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Altcoins

Everything looks good for Ethereum, Solana and Binance Coin; Soon the Altcoin rally?

TokenTalk Staff

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Everything looks good for Ethereum, Solana and Binance Coin;  Soon the Altcoin rally?

Jason Pizzino recently detailed that the market is in a stealth zone, showing signs of a major low. During these periods of discretion, he said fear increases and market interest decreases, leading to smaller range bars after the initial scares. Despite possible future fears, key levels like the 50% mark are holding, with the lows remaining slightly higher. This suggests that the market could be ready for a major upward move. Jason added that the market appears poised to gradually recover over the coming months. He examined the best parts by delving into technical details.

He noted that altcoins like ETH/USD are showing relative strength, remaining above key 50% levels. Ethereum, for example, has maintained its position above the 50% mark of its range, established at the May low, coinciding with the Bitcoin peak following the enthusiasm generated by the ETF news. Recent news, such as the SEC dropping the cases, also contributed to The price of Ethereum stability, despite broader market declines.

While the majority of the market has seen significant declines in recent days, Ethereum has managed to hold on. If Ethereum breaks down to around $3,400, it would consider $3,200 a safe level, but if it falls below $2,829, it could indicate that the ETF news is not as positive as it seems so.

Solana is in a similar position, remaining above the 50% mark throughout the bear market range. It currently sits above $138, with downside support around $109. This positioning suggests a bullish structure, with Solana setting higher lows, maintaining strength within its cycle. Solana’s previous corrections ranged from 37% to 52%, indicating that a correction of up to 50% would be consistent with past trends.

Binance Coin made a premature move higher, and if it breaks down from around $540, it could be a false exit. A retest of the $420 to $520 area could occur if this breakdown occurs. Currently, even as it reaches new all-time highs, it is crucial for BNB to maintain its price levels to confirm its bullish momentum.

Read also: Bitcoin, Ethereum and XRP Price Prediction: Is the Bull Rally Over?

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Altcoins

Ethereum Indicator Signals Altcoin Season To Start Early, Says Quantitative Analyst Ki Young Ju

TokenTalk Staff

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Ethereum Indicator Signals Altcoin Season To Start Early, Says Quantitative Analyst Ki Young Ju

CEO of blockchain analytics platform CryptoQuant, Ki Young Ju, updates his outlook on altcoins ahead of possible approval of Ethereum spot (ETH) exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC).

Young Ju tell its 348,500 followers on social media platform

The MVRV indicator, which is used to assess whether a particular crypto asset is undervalued or overvalued, is the ratio of the market capitalization of Ethereum, or any other crypto asset, to its realized capitalization (the value of all ETH at the price they were purchased at).

“We are entering the start of the altcoin season.

ETH MVRV is rising faster than Bitcoin (BTC) MVRV, suggesting that the ETH market is heating up from its on-chain fundamentals.

Given the current ETF situation, this could be an ETH-only season. Historically, when ETH rises, other altcoins tend to follow.

Source: Ki Young Ju/X

Moving on to altcoins, CryptoQuant CEO said This memecoin dominance is in decline after hitting a 15-month high in March. Memecoin dominance is the proportion of the total market capitalization of memecoins to the total market capitalization of altcoins.

“Crypto Twitter would shift from gaming to focusing on fundamentals, like a few years ago.

Pack your bags guys, it’s over.

Source: Ki Young Ju/X

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