Top 10 AI Tokens to Watch Closely This Week

• Layergg highlights AI’s impact on cryptocurrency, referencing Vitalik Buterin’s insights.
• Internet Computer (ICP) cryptocurrency value drops 15.85% over 30 days.
• Worldcoin (WLD) value decreases by 34.03%, facing resistance at $2.45.

The market research platform Layergg shared on X that the narrative surrounding AI was noteworthy. This platform’s post was based on a previous one by Vitalik Buterin, a co-founder of Ethereum .

Previously, Coin Edition published an article stating that Buterin had described the potential interplay between AI and cryptocurrency. The piece examines 10 AI-focused cryptocurrencies that investors may find worth monitoring.

Internet Computer (ICP)

The Internet Computer utilizes cryptographic techniques and integrates them into its cloud computing infrastructure, which is supported by artificial intelligence. There has been a 102% rise over the past year regarding the value of its cryptocurrency.

Nevertheless, ICP has experienced a difficult beginning to 2024. Currently, the value has decreased by 15.85% over the past 30 days. Yet, when viewed from a technical standpoint, ICP might present an opportunity for purchase.

Examining the 4-hour chart, the price of ICP stood at $11.39. The 0.786 Fibonacci retracement level indicated a potential decline to $10.92. Should ICP’s price fall, purchasing the token at this price point might represent a favorable entry point in anticipation of its rebound.

The MACD signals suggested a decline was approaching because the indicator had a negative value.

ICP may not increase in value over the immediate period. However, considering its underlying principles, the future prospects appear favorable.

Worldcoin (WLD)

OpenAI’s CEO, Sam Altman, also helped establish Worldcoin , another reason to watch the project. Despite experiencing controversy from the start, it continues to be a project that could have potential over an extended period.

Over the past 30 days, the value of WLD has fallen by 34.03%. Due to resistance at the $ 2.45 level, it may struggle to achieve a price point of $3 shortly. Additionally, the RSI indicators have suggested that the previously bullish trend has turned around.

However, its significant decline in value could indicate an opportunity for investors to purchase at a reduced price. If the market is exceptionally optimistic, WLD could potentially increase to $3.95. Yet, the price may fall further to less than $2.20.

Injective (INJ)

Although Injective had previously reached up to $45, it fell and was priced at $34.60. The Bollinger Bands indicated a decrease in volatility. Therefore, INJ may maintain trading within a narrow range.

Nonetheless, the current stability in price fluctuations might present a chance for investors to make purchases. Should the bands widen, INJ has the potential to surge, and an increase to $50 might be achievable.

Additionally, the Relative Strength Index indicated that INJ was neither overbought nor oversold territory. Therefore, there remains an opportunity for buyers to enter the market and drive the price upward.

Render (RNDR)

In the context of the 4-hour chart, the market configuration for Render appeared to be positive. The asset experienced a price increase from $3.97 to $4.57 over a span of a few days. Nonetheless, the Relative Strength Index indicated an overbought condition when RNDR reached $4.77, leading to a subsequent pullback in its price.

Nonetheless, if RNDR maintains its support level at $41.3,[1] it could potentially challenge the resistance level of $4.77 once again. Should it succeed in surpassing this resistance, the price has the potential to escalate to approximately $5.50. Conversely, failing to descend beneath this point, the price may approach $4.20 subsequently.

Akash Network (AKT)

In the past year, AKT’s value rose by 756%. Its performance has continued to be strong in the current year, with a rise of 17.52% on a Year-To-Date (YTD) basis.

As of the latest report, AKT was trading at $2.08. Nonetheless, it appeared that investors were capitalizing on their earnings from the cryptocurrency. At the time of reporting, the Awesome Oscillator (AO) had shifted into negative territory, indicating a stronger presence of sellers in the market.

The CMF (Chaikin Money Flow) indicated a liquidity withdrawal from the Akash network . Should this trend persist, AKT’s value could potentially decrease to $2.50. Nonetheless, the possibility remains for the token to mirror its previous year’s performance.

The Graph (GRT)

The Graph appeared to possess a structure akin to that of AKT. However, the distinction lay in GRT’s lackluster performance since the onset of the new year.

In the immediate future, the price of GRT might dip under $0.15. This prediction is based on the indications from the EMA. At the time of writing, the 9 EMA (colored blue) has crossed the 20 EMA (colored yellow), suggesting a potential for lateral price action. However, should GRT’s price go down past $0.12, it may present a favorable opportunity for long-term investment.

Oasis Network (ROSE)

At the time of reporting, Oasis Network was valued at $0.10. In contrast to GRT, its immediate trend appeared to be positive. The reason for this was the 9-day Exponential Moving Average (colored in blue) crossing above the 20-day Exponential Moving Average (colored in yellow). Nonetheless, the token’s price had fallen beneath the Exponential Moving Average, indicating the presence of sellers.

If the crossover remains unchanged and there is an influx of purchasers, ROSE could potentially increase to $0.12. Over an extended period, the emerging narrative surrounding artificial intelligence has the potential to propel the price significantly upward.

Fetch.ai (FET)

This year, the price of Fetch.ai has decreased by 20.94%. However, this decrease appears to be a needed adjustment given its remarkable performance over the past 90 days.

As of the latest update, downward selling forces have lowered the support level to $0.59. While FET is currently priced at $0.57, there is potential for a decline to $0.55, representing the subsequent support area.

Should the bulls fail to maintain this support level, FET might drop to $0.49. In the event of such a decline, a bullish reversal could potentially drive the price upwards.

As of the reporting time, the Relative Strength Index (RSI) had decreased to 38.46. If selling pressure increases, the indicator could potentially drop to 30.00. In such a scenario, traders are advised to consider entry points since FET’s trading price could rise significantly from its present level.

SingulartyNET (AGIX)

The OBV (On Balance Volume) indicator on the AGIX/USD 4-hour chart indicates that purchasing activity has remained steady for some time. This has contributed to the cryptocurrency’s price being restricted within the range of $0.25 to $0.28.

However, indications from the RSI suggested that sellers had the upper hand. As a result, the likelihood exists that the price of SingulartyNET could go down.

Looking at it from a pessimistic perspective, the cost might decrease to $0.24. On the other hand, an increase in purchasing momentum could propel AGIX to a value exceeding $0.35.

Bittensor (TAO)

The price of Bittensor has fluctuated significantly recently, as the Bollinger Bands (BB) indicated. Currently, it stands at $449.92, demonstrating that buyers have dominated the upward momentum.

Additionally, the Chaikin Money Flow (CMF) indicator showed a value of $0.10, indicating strong buying pressure. If this buying pressure persists and keeps the CMF in positive territory, TAO could reach a price of $460.

Additionally, the widening intervals of the Bollinger Bands suggested that price volatility could be at its highest. The possibility of TAO’s price hitting $500 continues to exist.