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These 3 AI crypto tokens are up 132% or more this year

TokenTalk Staff

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These 3 AI crypto tokens are up 132% or more this year

Bitcoin (CRYPTO: BTC) may have stalled in the $60,000 to $65,000 range, but cryptocurrency investors can still find opportunities. Some newer crypto tokens with artificial intelligence (AI) connections are still vibrant, and some of them are up more than 132% during the year.

One of the main reasons for this was the enormous enthusiasm around the artificial intelligence investment thesis. The same way they have embraced equity investors Nvidia (NASDAQ: NVDA), cryptocurrency investors are now embracing new crypto tokens that they believe could benefit the most from artificial intelligence. With that in mind, here’s a closer look at three of the most popular AI crypto tokens that have seen the biggest increases lately.

Render

Probably, the most popular AI crypto token is Render (CRYPTO: RNDR) — is up 132% for the year. With a total market capitalization of $4.5 billion, Render now ranks among the top 25 cryptocurrencies. Given its recent rise, some investors now refer to Render as “the Nvidia of cryptocurrencies.” As you might have guessed from the name, Render offers GPU-based rendering solutions for studios, artists, and creators.

But that’s not why cryptocurrency investors are so excited about Render. The thought now is that the same should be decentralized GPU computing power used for rendering can also be used for artificial intelligence. If you want to train a large language model (LLM), for example, you’ll need a lot of “GPU compute,” which is the raw computing power required for modern AI solutions.

So it’s easy to see why Render’s performance is starting to look a lot like that of Nvidia (which has become almost synonymous with all things AI). Nvidia is the ultimate source of all that GPU-based computing power, whether it’s used for rendering or AI.

Recover.ai

Recover.ai (CRYPTO:FET) is up a staggering 208% for the year and now ranks among the top 50 cryptocurrencies by market capitalization. Fetch.ai is building what it calls an “open, permissionless, decentralized machine learning network with a crypto economy.” It’s a long sentence, but it simply means that Fetch.ai is a new platform for artificial intelligence products and services. This includes large datasets for training LLMs and sophisticated AI robots known as agents.

The way you pay for these AI products and services is with the Fetch.ai token. You can think of Fetch.ai as a digital currency for the emerging AI economy. Therefore, the greater the demand for everything related to artificial intelligence, the greater the demand for the Fetch.ai token.

AI computer chip.AI computer chip.

Image source: Getty Images.

While there is obviously some demand for AI at the consumer level (who hasn’t played with AI chatbots?), the real demand will come from companies looking to undergo AI-related transformations. This is where Nvidia comes in because these companies often use Nvidia products for new AI-related projects.

The story continues

According to Fetch.ai, the biggest growth opportunities are found in sectors such as logistics, transportation and smart energy grids. As evidence of its growing focus on the sector, Fetch.ai recently partnered with German companies Bosch AND Deutsche Telekom on an AI platform.

Since 2017, Bosch has been collaborating with Nvidia on AI-powered self-driving cars, so this may be just one example of an area where Fetch.ai gets a huge boost. In the past, Deutsche Telekom has collaborated with Nvidia on “smart city” concepts, so this could be another area.

SingularityNET

Finally there is SingularityNET (CRYPTO: AGIX), up 193% year-over-year. It now ranks among the top 75 cryptocurrencies, with a market capitalization of $1.2 billion. However, since it is not available for trading on popular cryptocurrency exchanges like Global Coinbase (NASDAQ: COIN), may not be suitable for all cryptocurrency investors.

In terms of overall AI strategy, SingularityNET is hitting it out of the park. It is pushing forward the idea of ​​artificial general intelligence (AGI), which is leaps and bounds ahead of the current version of AI, known as generative AI (better known as the variety that includes ChatGPT).

Indeed, according to futurists like Ray Kurzweil (now of Google), AGI implies a future in which a single computer is smarter than all humans combined. It will have access to all human knowledge ever created and, as a result, will be able to create truly innovative solutions. To power that level of AI, you’ll likely need a lot of Nvidia GPUs.

What is the future of AI crypto tokens?

As long as Nvidia’s stock performance continues to impress, it’s safe to say that investors will be on the lookout for crypto tokens that will most likely benefit from the excitement around artificial intelligence. For investors who think that Nvidia is the only AI stock they need to own, then it makes sense to also focus on AI crypto tokens with indirect or direct ties to Nvidia.

However, keep in mind that AI is still a relatively new industry and that trends can come and go. Many companies claim to be “the next Nvidia,” so the AI ​​investment thesis will likely change and evolve over time. For now, however, the three crypto tokens highlighted above appear to be doing the best job of taking advantage of the new excitement around artificial intelligence.

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Domenico Basulto has positions in Bitcoin and Fetch. The Motley Fool has positions and recommends Bitcoin, Coinbase Global, Fetch, Nvidia and Render Token. The Motley Fool has a disclosure policy.

Thanks, Nvidia: These 3 AI Crypto Tokens Are Up 132% Or More This Year was originally published by The Motley Fool

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Sealana Token Is Claimed to Be the Next Meme Coin to Explode as Pre-Sale Ends in Just 5 Days – Branded Spotlight Bitcoin News

TokenTalk Staff

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Sealana Token Is Claimed to Be the Next Meme Coin to Explode as Pre-Sale Ends in Just 5 Days – Branded Spotlight Bitcoin News

https://news.google.com/./articles/CBMid2h0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9zZWFsYW5hLXRva2VuLWlzLWJlaW5nLWJhY2tlZC1hcy10aGUtbmV4dC1tZW1lLWNvaW4tdG8tZXhwbG9kZ S1hcy1wcmVzYWxlLWVuZHMtaW4tanVzdC01LWRheXMv0gEA?hl=en-US&gl=US&ceid=US%3Aen

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Mexican Cartels Using BTC, ETH, USDT, and Other Tokens to Buy Fentanyl Precursors: US Treasury

TokenTalk Staff

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Mexican Cartels Using BTC, ETH, USDT, and Other Tokens to Buy Fentanyl Precursors: US Treasury

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

AccessTimeIconJune 20, 2024, 5:08 pm

Updated June 20, 2024, 10:04 pm

US authorities have warned of Mexican cartels using cryptocurrencies to buy precursors to make fentanyl. (Jesse Hamilton/CoinDesk)

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Bitcoin, Ethereum and Furrever tokens with cutting-edge 10% referral bonus.

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Bitcoin, Ethereum and Furrever tokens with cutting-edge 10% referral bonus.

New York City, NY, June 20, 2024 (GLOBE NEWSWIRE) —

Looking to the future of cryptocurrencies, Bitcoin remains strong as the market leader, while Ethereum continues to fascinate meme coin enthusiasts. Now, Furrever token is ready to join the fray. This article looks at what Furrever Token brings to the table alongside these giants.

Bitcoin price continues to fall as whale activity deepens

Bitcoin price fell below $65,000 on Wednesday, after expanded whale exercises that will be offered orders. Meanwhile, hedge funds have experienced a slowdown in the introduction of Bitcoin, which could be fueled by a steady surge in Bitcoin ETFs.

Ethereum ETFs may not cause the price of ETH to rise as many predict

The price of Ethereum (ETH) has risen more than 4% in the past 24 hours after the Securities & Exchange Commission (SEC) abandoned its examinations of Ethereum 2.0 amid the desire for spot ETH ETFs. In any case, subsequent ETH energy ETFs may not lead to the expected price increase.

The Furrever token stands out for its innovative 10% referral program.

The Furrever Token presale has so far raised over $1.3 million, with the project currently at level 9 and aiming for a total of $1.9 million.

Furrever Token offers delightful customer engagement focused on feline-themed symbolism and community-driven engagement. The untapped referral framework allows customers to earn 10% in $FURR tokens for every store created via their individual referral connection, making for a fabulous passive income opportunity. This framework does not incentivize users, but also cultivates the natural development of the community.

Backed by a comprehensive review by Securi Lab, Furrever Token ensures a secure and reliable stage for its customers. The project guide incorporates the progressive integration of feline-themed material and the energy of future shocks, situating it as an interesting and enjoyable speculation within the crypto space.

Don’t miss the opportunity to include Furrever Token in your venture portfolio and get ready to rule the meme coin industry. Visit www.furrevertoken.com to secure your tokens and be part of this crypto space.

Join the Furrever token presale now:

Official website of the Furrever token

Visit the Furrever token presale

Join the official Telegram group

Follow the official X account

Media contact:
Roberto Smith
https://furrevertoken.com/
support@furrevertoken.com

Disclaimer: The information provided in this press release does not constitute a solicitation for investment, nor is it intended as investment advice, financial advice or business advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.

CONTACT: Robert Smith

support at furrevertoken.com




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Altcoins on the move! Do ImmutableX (IMX) and LimeWire (LMWR) Suggest a 20% Uptrend?

TokenTalk Staff

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Top Four Altcoins with 100X Potential to Stack Right Now

The cryptocurrency market continues to see negative price action over the past few days with elite cryptocurrencies such as Bitcoin AND Ethereum tokens that experience significant corrections in their respective portfolios.

However, on the other hand, altcoins have seen growing bullish sentiment, with mid- and small-cap tokens recording the highest gains. Tokens like LimeWire (LMWR) and ImmutableX (IMX) have seen a massive uptrend in their valuations this week.

With increased price volatility in the cryptocurrency space, will these altcoins continue to overwhelm major crypto tokens this month?

IMX Crypto Sees Increase in Price Volatility:

The ImmutableX token gained around 1% in the last 24 hours and recorded a +3.86% change in its trading volume. Furthermore, the IMX price has added over 9.50% to its portfolio in the last 3 days. However, its weekly returns stand at -11.19%, indicating mixed price action.

TradingView: IMX/USDT

With a trading price of $1.59 and a market capitalization of $2.4 billion, the ImmutableX coin price has successfully secured the 39th position in the global cryptocurrency market list.

The technical indicator, RSI, shows a bullish crossover in the 1D time frame. However, the 50/200 day EMA has registered a Death Cross, highlighting mixed sentiment for the price of IMX coin in the cryptocurrency market.

If the market pushes ImmutableX price above the $1.677 resistance level, the bulls will continue to rise and prepare to test its upper high of $2.12. Conversely, a trend reversal could push the IMX cryptocurrency towards its crucial support level of $1,235 in the coming times.

Does LimeWire (LMWR) price suggest a bullish reversal?

LMWR price has seen an increase of 34.85% in the last day with a 107% increase in trading volume. On the positive side, with the altcoin’s recent surge, it has leveled out all the losses incurred this year. This indicates a growing bullish sentiment for the LimeWire token in the market.

TradingView: LMWR/USDT

The SMA indicator shows a positive crossover on its price chart, highlighting a strong bullish reversal for the LMWR token in the crypto space.

On the other hand, the Moving Average Convergence Divergence (MACD) records a steady uptrend in its green histogram with its averages showing an increasing pattern. This highlights a high possibility of bullish price action in the coming period.

If the bulls continue to gain momentum, the LMWR price will break above the $0.450 mark and head towards the $0.690 upper resistance level. However, in case of a bearish price action, LimeWire price could lose momentum and plummet towards the crucial $0.2210 support level.

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