TAO, FET, and RENDER Tokens

Top 3 AI Tokens to Watch This Week for Potential Gains: TAO, FET, and RENDER in Spotlight


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.

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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.

Artificial Superintelligence Alliance (FET) Chart

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.

RENDER Chart
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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.


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