Sat 21 September 2024 ▪
3
min reading ▪ acc
August was not a gift for the crypto market, but some assets weathered the storm. Leading AI cryptocurrencies are doing great, while projects like Fetch.AI (FET) and BitTensor (TAO) stand out from the crowd. In this sea of uncertainty, interest in these assets appears to be reviving, signaling a possible upside.
AI crypto: the new trend to follow
The market defying AI crypto sector has literally exploded in recent weeks. FET and TAO are two stars that shine on this volatile scene. For example, Fetch.AI’s performance is as impressive as a magician pulling a rabbit out of a hat.
In August, following a trend reversal pattern, the FET jumped. Chaikin Money Flow (CMF) is rising and indicates a bright future, with price estimates reaching $2.21 by the end of the year.
- FET gained 71% in one month;
- TAO, a modest 28%;
- FET’s market cap is $3.79 billion.
These numbers show that there is reason to smile in the world of AI altcoins if you follow market trends.
Between promises and measures
On the other hand, BitTensor is not unworthy. Although TAO recently experienced a small disappointment at $440his future looks promising. The market is in full swing and future funding rates for Fetch.AI are now in the green. That means that traders take long positionsand whoever says long positions says prices that could rise.
While volatility is tricky, it creates opportunities for savvy investors.
But be careful not to start a fire. Rising financing rates are great, but they can also mean liquidation risks if the tide turns. Analysts will say that crypto gaming AI is both an art and a science.
It is therefore essential to keep in mind that even in a promising market, caution is still required. So, whether you’re a seasoned investor or a curious newbie, keep a close eye on the AI altcoin boom that’s opening up new opportunities for crypto investors.
Maximize your Cointribune experience with our “Read and Earn” program! Earn points for every article you read and get access to exclusive rewards. Register now and start reaping the benefits.
The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.