The post Top 3 AI Altcoins of the First Week of June 2024 appeared on BitcoinEthereumNews.com.

As the altcoin market extends its rally from last month, three artificial intelligence (AI) tokens have emerged as significant gainers in the first trading week of June. These assets include TokenFi (TOKEN), HyperGPT (HGPT), and Bad Idea (BAD), all of which appear poised to keep rallying during the weekend.  TokenFi (TOKEN) Sees Increased Demand TOKEN is the cryptocurrency that powers TokenFi, the protocol allowing its users to create tokens or tokenize real-world assets. In the past seven days, TOKEN’s price has climbed by over 27%. At press time, the altcoin exchanged hands at $0.17. An assessment of the token’s price movements on a daily chart confirmed that buying activity continues to outpace profit-taking among TOKEN holders. As of this writing, its Relative Strength Index (RSI) was in an uptrend at 70.43. Its Money Flow Index (MFI) was 76.44, following a similar path. RSI and MFI are momentum indicators traders use to gauge an asset’s price momentum and identify potential buying and selling opportunities. At these values, these indicators showed that TOKEN buying pressure was significant. If the bulls maintain this trend,  TOKEN’s price may rally past the $0.17 level to exchange hands at $0.183. Read more: 13 Best AI Crypto Trading Bots To Maximize Your Profits TokenFi Analysis. Source: TradingView However, if profit-taking activity ensues and the bears re-emerge to regain market control, TOKEN might shed some of its gains in the last week and dip to $0.152.  HyperGPT (HGPT) Breaks Above Key Moving Average HGPT is the native token of HyperGPT, a Web3 AI marketplace. It ranks as the second AI crypto with the most gains in the past seven days. Exchanging hands at $0.07774 at press time, HGPT’s value has grown by 28% during that period.  The uptick in HGPT demand pushed its price above the 20-day Exponential Moving Average…

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Filed under: News - @ June 7, 2024 11:24 pm