Altcoins
Top 3 AI-Driven Altcoins to Buy for Quick 50X Profits
Artificial intelligence (AI), which gained momentum in late 2023, continued to strengthen throughout 2024. AI-powered cryptocurrencies, such as Fetch.ai (FET), grew nearly 10-fold and expect further growth. Other altcoins to buy, like Render (RNDR) and SingularityNET (AGIX), have also seen double-digit gains over the past 30 days.
Recent advancements in the AI sector, including the introduction of AI agents and operating systems, are poised to spark new interest in AI-powered cryptocurrencies. In the meantime, Nvidiathe world’s largest chipmaker, reported a staggering $14 billion profit in the first quarter of 2024, underscoring substantial demand for AI chips.
1. Recover.ai (FET)
Recover.ai is a decentralized AI-based protocol that allows builders to create AI platforms and services to deploy and scale AI tools.
One of the most anticipated market initiatives by Fetch.ai is its merger with SingularityNET and Ocean Protocol, scheduled for May 24, 2024. The merger will give rise to a new token called Artificial Superintelligence (ASSI). Therefore, FET will become ASI, while OCEAN and AGIX will migrate to ASI at a conversion rate of 0.433:1, making it a great altcoin to buy.
Following the announcement on March 3, 2024, FET price saw a 90.36% surge over the following week, signaling an increase in investor interest.
Fetch.ai FET Chart | Trading View
THE FET Price at the time of writing it stands at $2.37, representing a 4.6% decrease over the last 24 hours and a 7.3% increase over the last 7 days. After a slight pullback from the $2.60 level, Fetch.ai price action is holding just above the 200-day simple moving average (SMA).
The merger of FET with AGIX and OCEAN provides a good arbitrage opportunity for investors if they buy before the migration.
2. Rendering (RNDR)
Render is a market leader in the crypto-AI sector. Its platform provides decentralized GPU rendering services, generating revenue by leasing GPU power to technology companies.
With a market cap of $3.9 billion, Render is up 13.5% over the past 30 days. One of the most notable and recent developments in the Render ecosystem is the recent OctaneX feature in the main Apple iPad presentation.
According to “Solana DePIN Overview: 1st Half 2024“Report from an on-chain data company Opposite sideRender is one of the key drivers of the Decentralized Physical Infrastructure (DePIN) ecosystem on Solana.
View RNDR chart | Trading View
RNDR price is in a consolidation zone, which is part of a larger bull flag. Currently, the asset is at the bottom of the range, which offers investors the opportunity to make a profit of 19% on the move back to the top of the range.
The 200-day SMA provides strong support for the RNDR, increasing the likelihood of a price rebound.
Overhead resistance for RNDR currently lies at the $10.57 and $11.66 levels. Above that, Render’s price can reach $17 per token, making it one of the best altcoins to buy.
3. SingularitéNET (AGIX)
SingularityNET is a decentralized AI platform created to make artificial general intelligence (AGI) democratic and accessible to everyone. The crypto-AI project will merge with Ocean Protocol and Fetch.ai to form the new artificial superintelligence (ASI) token.
The AGIX token will cease to exist and migrate to the ASI token, providing investors with a lucrative opportunity to make profits.
According to the official merger announcement, ASI will have a total supply of 2.6 billion tokens and a market capitalization of $7.5 billion. Investors can realize at least 1.27 times their investment.
SingularityNET Price Chart | Trading View
The price of AGIX at the time of writing is $0.964, representing an increase of 7.9% over the last 7 days.
THE SingularityNET Price The stock is showing an ascending triangle on the daily time frame, meaning a breakout is imminent. AGIX price may increase as ASI token launch gets closer.
Conclusion
The crypto AI sector is full of cryptocurrencies to buy. AGIX, FET and RNDR are just some of the most popular ones at the moment. Before choosing an altcoin to buy, it is good to do your due diligence. The FET-OCEAN-AGIX merger presents an excellent arbitrage opportunity for holders of any of these tokens. On the other hand, long-term holders should prepare for possible massive gains.
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