Artificial Intelligence is the dominant narrative in crypto right now. Some are taking the market by storm. Crypto analyst Tiago Amaral takes a closer look at 3 AI coin projects that are making investors smile with their earnings. He also shares his predictions for their next moves.
The first ranked AI Coin: Theta Fuel (TFUEL)
TFUEL is the token of Theta Network, a Blockchain-powered video streaming platform. Its approach aims to reduce streaming costs while improving content quality and expanding distribution reach. The AI coin price has seen an 18% increase in the last seven days. It is also now approaching a market capitalization of $500 million. Despite this recent growth, the altcoin remains significantly below its all-time high in 2021. What’s more, it’s only at one-tenth of that peak value. This highlights both its potential for recovery and the challenges it faces in returning to its former levels.
TFUEL’s RSI is currently at 50. This indicates a neutral momentum with neither buyers nor sellers dominating. If the bullish trend strengthens again, it is possible that it could rally to test $0.080. It could also potentially reach $0.1. However, if the trend reverses, it is likely to fall to $0.054 or even as low as $0.047.
ZIGDAO (ZIG) in second place
ZIGDAO, formerly known as Zignaly, is a platform designed to enable crypto copy trading with artificial intelligence. It allows users to invest in digital assets by following the strategies of top executives and funds. ZIG is currently 20% below the ATH level. However, it is probably preparing to test it again. The AI coin recently surpassed a market capitalization of $200 million. On this move, it has risen 15% in the last seven days. If the uptrend remains strong, it’s possible that ZIG could break through the ATH level and cross $0.19. However, with a reversal in market sentiment, the token is likely to test its support at $0.127. If this level fails, ZIG could face a deeper correction and potentially fall to $0.081.
Last in line is an artificial intelligence coin: Akash Network (AKT)
Akash Network is a decentralized, open-source cloud computing platform designed to connect those in need of computing power with providers offering cloud resources using artificial intelligence. Akash’s native token, AKT, is currently the fifth largest AI-focused coin on the market. The token is approaching a market capitalization of $1 billion. AKT has gained 22% in the last seven days. Thus, showing strong momentum and positioning itself for further growth in the coming weeks. If the uptrend continues, AKT could test the $4.71 resistance. Possibly, it would then head towards $5 for the first time since May 2024. However, if the market sentiment changes and the trend reverses, AKT may face downside pressure and test the support levels of $2.87 and $2.43.
The opinions and forecasts in the article are those of the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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