Date: Mon, Sept 23, 2024, 04:49 AM GMT
The cryptocurrency market continues its bullish momentum this week, following a boost from last week’s Fed rate cut decision. Bitcoin (BTC) has surged, now nearing the $64K mark, which has sparked a rally across many sectors of the crypto space, including AI-focused tokens. As the market heats up, tokens like Bittensor (TAO), Artificial Superintelligence Alliance (FET) and Render (RENDER) have recorded significant gains, with potential for more this week.
Let’s take a closer look at these AI tokens:
1. Bittensor (TAO)
Bittensor (TAO) is leading the AI token pack, with an impressive surge of 87% over the last 7 days and an additional 17% gain today. Currently trading at $555, TAO has broken past its $531 resistance and is eyeing its next key level at $623. This marks an 11.55% upside from its current price. With its current momentum, TAO is on track to climb higher and hit its targets, making it one to watch closely.
2. Artificial Superintelligence Alliance (FET)
Artificial Superintelligence Alliance (FET) has also been a standout performer. Over the past 24 hours, FET has surged by 4.53%, and in the last week, it has climbed nearly 29.37%, trailing just behind Bittensor.
At the moment, FET is trading at $1.67 and is approaching a key resistance level at $1.71. If FET can break past this point, a significant rally could push it up by 26%, potentially reaching $2.15 in the near term.
3. Render (RENDER)
Render Network, a decentralized platform connecting artists with GPU owners, has seen solid performance, gaining 22% over the past week. After breaking through the $5.06 resistance level, RENDER is now in an upward trend, targeting its next resistance at $6.64—an over 10% potential gain from the current price.
Final Thoughts
With the overall crypto market riding a wave of bullish sentiment, AI-focused tokens like TAO, FET, and RENDER are showing strong potential for further gains. Traders and investors should keep a close eye on these tokens as they approach key resistance levels that could trigger even more upward movement.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
Add a Comment