AI Tokens: Despite the broader market uncertainty, AI-focused crypto tokens are standing out as a high-performing category. This sector’s resurgence gained significant traction with the launch of OpenAI’s text-to-video generator, Sora, sparking a fresh wave of enthusiasm for AI technology. The positive momentum was further bolstered by Nvidia’s (NVDA) impressive fourth-quarter earnings for the fiscal year 2024, surpassing analysts’ forecasts and reinforcing bullish sentiment in the market.

Companies like NVIDIA advance in AI drive improvements in computational power and efficiency, which are beneficial for AI-focused blockchain projects that require significant processing power for complex algorithms and data analysis. This optimism can lead to increased investment in AI-related cryptocurrencies that promise to integrate AI into blockchain technology.

As per coinmarketcap, the top Artificial Intelligence (AI) coins contributed to a Market Cap of $26.3 Billion, with an intraday gain of 2.65%, while the trading volume stands at $2.84 with a jump of $3.4%.

Also Read: AI Giant NVIDIA Surpasses $2T Market Cap Post-Earning Boom

Key Levels to Watch of Worldcoin (WLD) Enter New Correction

Worldcoin (WLD)| Tradingview

Worldcoin, a cryptocurrency initiative led by OpenAI CEO Sam Altman entered an aggressive recovery mode in February’s second week when price rebounded from 2.2%. Amid the sectoral boast of AI tokens, the WLD price surged nearly 300% within three weeks to reach $8.72.

However, this recovery hits a major roadblock at $9.2 evidenced by Longwick rejection candles. If the overhead supply is coupled with current market uncertainty, the WLD price may soon enter a correction trend.

As per the Fibonacci retracement level, a potential correction in Worldcoin price may find suitable support at $7.7, $6.69, and $5.59.

Also Read: Render (RNDR) Vs Worldcoin (WLD): Which AI coin is likely to Hit $10 First?

The Graph (GRT) Targets $0.37 Amid Bullish Momentum

The Graph (GRT)| Tradingview

The Graph (GRT) coin has witnessed a remarkable resurgence, pivoting from the critical support level of $0.15. This momentum began in the second week of February and has propelled the altcoin’s value by an impressive 94%, placing its current trading price at $0.29. 

Aligning with this uptrend, Coinglass, a crypto derivative data provider, revealed a significant uptick in GRT Futures Open Interest. The figures soared from 27.23 million to 58.35 million, marking an astounding 114% increase. This surge in Open Interest signals bolstered investor confidence and a heightened market commitment to The Graph.

Further buoying investor sentiment is the breach of the neckline resistance in the cup and handle pattern observed on the daily chart. This pattern is widely recognized as a harbinger of a robust market bottom and often precedes a formidable recovery. 

Riding on the back of this technical breakout, The Graph price sets its sights on an ambitious target price of $0.37, indicating a bullish outlook for the asset in the near term.

Also Read: Crypto Headlines Of The Week: Shiba Inu, Worldcoin, & Terra Fuels Optimism

SingularityNET (AGIX) Hits New Heights: On-Chain Activity Signals Bullish Momentum

SingularityNET (AGIX)| Tradingview

The daily time frame chart shows the SingularityNET (AGIX) coin has completed a traditional reversal pattern called the rounding bottom pattern. The AGIX price recovery witnessed significant momentum in mid-February, as the AI sector witnessed a notable uptick.

Within a fortnight, the SingularityNET price has rallied from $0.3 to $0.76, registering 155% growth. Moreover, the network has experienced a dramatic surge in on-chain activity, with its market capitalization more than doubling in the past week, according to Santiment, a leading crypto analytics firm. 

This spike in activity is highlighted by a record 93.6K non-zero coin wallets, signaling a growing interest in the AI-driven blockchain platform. Additionally, significant metrics such as daily whale transactions over $1M, on-chain volume, and conversion rate have all seen substantial increases. These developments underscore the rising confidence in $AGIX and the broader potential of SingularityNET.

#SingularityNET and its native token, $AGIX, are seeing sky-high levels of #onchain activity today with its market cap well over doubling in the past week. The network, which facilitates the creation and sharing of #AI tools, has an #alltimehigh 93.6K non-0 coin wallets now,… pic.twitter.com/nQkzEEJydz

— Santiment (@santimentfeed) February 22, 2024

Having said that, the overhead supply at $0.8 may trigger a minor pullback to $0.6, before setting the stage for a rally to $1.

The post Top 3 AI Tokens With Bullish Pattern: WLD, GRT, RNDR appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am