Top 3 AI Tokens for Investors in 2024!
Amid rising price volatility in the cryptocurrency market, the Artificial Intelligence (AI) category has seen a resurgence over the past day. This marked a major price increase for this category in a short span of time.
With this, investors are asking questions such as “Is this the right time to invest in crypto?” They are curious about such questions. and “Will AI tokens be reinvigorated?” In this article, we have released 3 AI tokens that have the potential to become the most prosperous tokens this year.
Bittensor (TAO)
The value of TAO increased by 14.76% in the previous day with a trade volume of $209.82 million. It is also up 129.15% last month and ~116% this year. With a market value of $4.27 billion, it ranks 23rd in the global crypto list.
Moving Average Convergence Divergence (MACD) shows increasing green histogram. Moreover, his average shows a combination of bully. This suggests a positive outlook for Bittensor coin price next week.
If the bullish sentiment strengthens, TAO price may be set to test the $671 resistance level this month. On the upside, a bearish reversal could pull Bittensor price down to the $547 support level next time around.
RENDER
Despite registering a decline of 15.64% over the past week, RENDER token jumped by 6.38% over the past day trading at $315.27. Additionally, it has added 15.76% to its valuation in the last month and has returned 19.35% YTD.
The Relative Strength Index (RSI) continues to hover close to the neutral point on the 1D time frame. Furthermore, the average trendline continues to hover above the halfway mark. This suggests that the rinderpest may continue to appreciate.
Let's say, the crypto market regains momentum, in which case, the price of RENDER coin will be set to retest the $7.18 resistance level this month. On the contrary, if the bulls lose momentum, AI token may drop to the critical support level of $3.65.
Concerned about your rental properties? Read our price forecast for potential price targets!
Phoenix (PHB)
Amidst the uncertainty, PHB stock rose ~10% in the previous day with $15.33 million of trading volume on the portfolio. It also increased by 57.86% last month and 68.81% this year. It ranks 369th with a capitalization of $95.53 million.
The EMA 50/200-day charts have increased bullishness and indicate a high probability of a gold cross in the 1D time frame. Moreover, the MACD indicator shows a steady green histogram showing constant growth on the Phoenix price chart.
Keeping the price above the $1.67 support level may lead to the $2.18 resistance level in the near future. Conversely, if the bears beat the bulls, the PHB price may test the low of $1.140.
