The post AI crypto Arweave gains 17% gain: Will AR lead the ‘alt-rebirth’? appeared on BitcoinEthereumNews.com.

As of press time, Arweave gained 0ver 17% in the last 24 hours. AI coins set to lead alt-rebirth, but will AR double its price. Arweave [AR] has gained significant attention, showing impressive growth alongside other AI-focused altcoins. In the last 24 hours, AR has surged over 17% in price, accompanied by a massive 134% increase in trading volume, according to CoinMarketCap. With a press time price of $23.9 and a market cap of $1.5 billion, Arweave was leading among top AI coins, and was expected to see even higher gains in the coming months. Source: CoinMarketCap AI-driven altcoins, such as Arweave, are considered to be at the forefront of an “alt-rebirth.” This trend is being fueled by impressive earnings reports from tech giants like Nvidia, which have sparked renewed interest in AI technologies. Other AI coins, such as Bittensor [TAO], NEAR Protocol [NEAR], and Artificial Superintelligence Alliance [FET], have also seen strong gains, creating a bullish environment for the sector. As AI continues to shape the future of the crypto market, Arweave stands out as a potential leader in this altcoin resurgence. Source: CoinGecko Can Arweave double its price by the end of the year? Arweave breaks a major pattern The AR/USDT pair has recently broken out of a falling wedge pattern that had been forming for over six months. This technical breakout is a bullish signal, suggesting that the coin could continue to rise in value. If Arweave can surpass the $50 price level, it would represent a 100% gain from its current price as most indicators are showing this. The MACD indicator also shows strong upward momentum, reinforcing the likelihood of continued price increases. A realistic price target for Q4 2024 is around $35, which would yield a nearly 50% return on investment. Source: TradingView AI crypto driving…

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Filed under: News - @ September 24, 2024 10:28 pm