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Top 3 Artificial Intelligence (AI) Coins of the First Week of July 2024
The artificial intelligence (AI) sector continues to grow despite worrying signals from the broader market, with many never-before-seen tokens posting huge gains.
Last week, the cryptocurrency market started to recover. Three tokens outperformed all other AI assets.
Big Data Protocol (BDP)
The BDP was not only the Highest performing AI token but also one of the best-performing altcoins in the cryptocurrency market. The cryptocurrency has seen a 93.21% increase over the past three days, bringing this week’s growth to 90%.
This rally helped the altcoin rise to $0.261 from the multi-month lows of $0.129. In doing so, BDP invalidated two crucial resistance levels, $0.161 and $0.236. The AI token is now facing resistance at $0.301, which will keep the asset consolidated.
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The chances of a decline are high as the market will cool down after the rally. This could leave the asset stuck between $0.236 and $0.161.
Virtual Protocol (VIRTUAL)
VIRTUAL did not see a significant rally like BDP; however, it still managed to print an impressive 50% increase. This led to the AI token changing hands at $0.037.
However, it still has a long way to go to recover the profits lost over the past two weeks. The June crash took VIRTUAL from $0.100 to $0.021 and it now warrants a 205% increase to get back there.
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The possibility of this happening is slim, but if the resistance at $0.037 is breached, the AI token could attempt to break above $0.061 or end up consolidating below it.
QnA3.AI (GPT)
The price of GPT, not to be confused with ChatGPTfollowed the same pattern as VIRTUAL, although it narrowly missed the mark. The asset’s seven-day performance was 36% in the green, as GPT prevented a drop below $0.073.
With the rise of AI tokenGPT has reached $0.103, attempting to clear the resistance at $0.111. This could take the altcoin to $0.132, allowing for a further increase above $0.157.
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However, a failed breakout could keep the asset in check, as it has been below $0.111 for the past three days. This will lead to a sideways move, keeping GPT above the $0.073 support.
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