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ETH,BNB,ATOM,OSMO
Fetch.ai(FET)

$0.54

-0.52%

Market Cap
449.89m
 

-0.52%

Volume (24h)
46.22m
 

31.81%

Released on 02 Mar 2019
Coin Edition
Coin Edition
Altseason Awakens? Select Coins Surge, Defying Market Gloom
3 days ago
TraderM
TraderM
followers

In fact, there is no need to look at the fundamentals of a copycat that is not a big pie. Give me a chestnut. For example, if you want to watch, you need to be careful that wld is overvalued - wld's recent gains come from sora's release - sora is a product of openai - wld has nothing to do with openai - Sam Altman is the cofounder of wld. He is not the actual operator. He may only be an investor or an honorary founder. It's side-hustle. It can probably be understood that Bill Gates opened a ramen restaurant when he was CEO of Microsoft. The cash register computer of a ramen restaurant may not even use Windows. After the release of win10, everyone thought that Microsoft was very powerful, so they all wanted to join Bill Gates' ramen restaurant to open a chain store? WLD is currently a poverty alleviation coin that gives free money to people in the non-crypto market in exchange for biometric information. On the contrary, the projects of FET and AGIX are still of some practical use, but with the existence of OpenAI and Google, they only run on the blockchain, and technological innovation needs to be questioned. So wld is actually a fan coin wrapped in an AI shell, and the project itself has no way to make money. The identity verification system will not be of much use in the short term. The possibility of success in charging based on real person digital IDs in the future is also questionable. As a digital ID card, it does not even need AI to operate. It may run an AI model iris duplication check in its orb ball, but in fact, it can also be used with an ordinary database, but the difference is in speed. It is not convincing to have users exceed 1 million, because it is currently the same as the "receive red envelopes based on the steps you walk" app on the mobile phones of uncles and aunts in China. The cost of this performance (manpower, store opening, public relations) was initially paid by investors, and has been paid for by the appreciation of wld currency ever since. Therefore, if you want to investigate the profitability of the project, many coins cannot be looked at. Because most projects are a story, some activities, and some road shows, profits come from token transactions. This post is just to remind everyone to try to use these altcoins as foreign exchange. And we make breakthroughs, patterns, and short-term price actions to make profits. Except for news about real money, consider it all as speculation. You don't even need to watch the news. Because the future trend is almost always hidden in the candle chart. Don't expect to analyze cryptocurrencies the same way you analyze stocks. You can use market supply and demand logic analysis, such as halving, unlocking, selling, new investment, user volume, tvl.But if you use a comprehensive fundamental analysis, you will find that in addition to gold-like things like Big Pie, there are also platform coins like Erpie and Sol. Others are meme coins.

3 days ago
CaptainAltcoin
CaptainAltcoin
followers

XRP price has remained relatively flat this week, down a modest 1% to trade around $0.54. Technical analysis shows that XRP recently broke out of a descending channel it had been stuck in since late November, marked by the blue lines on the price chart. However, the price has failed to see any significant pumps and if the current direction continues over the next few weeks, XRP could enter into a sideways trading channel. Notably, the 200-day moving average currently sits at $0.56. As a reminder, the 200-day moving average is a widely followed technical indicator that smooths out price action to identify long-term trends. With XRP still below this level, it indicates the asset remains in bearish territory from a long-term standpoint. Popular crypto analyst Dark Defender offered an optimistic take on where XRP is headed next. In a recent tweet, he noted “When #XRP was 17 cents, and we were calling the $2+ in 2021, people felt that XRP would never appreciate. XRP hit almost $2 at that time. ‘We called it the most significant wave B in crypto. XRP is expected to hit $5.85 as the average point, and people will say the same at that time. Wave 3: this run is in play.” Defender sees the recent price action as the end of the corrective Wave 2, with key support at $0.5198 to $0.5066. From there, he expects XRP to break out and tear through the daily Ichimoku Clouds en route to hitting initial targets at $0.6649, $0.7707, and $0.9191. However, he views $5.85 as the next major inflection point where XRP will see another wave of extreme bullish momentum, akin to when it ran to nearly $2. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – In Defender’s view, the current consolidation sets the stage for the next leg in XRP’s ongoing bull market. And if his wave analysis proves correct, $5.85 serves as the midpoint target for the massive Wave 3 that could send XRP to unprecedented highs over the long-term. You may also be interested in: Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ripple Analyst Predicts $5.85 XRP as Next Target in Ongoing Bull Run – But There’s a Catch appeared first on CaptainAltcoin.

3 days ago
CoinDesk
CoinDesk
followers

OpenAI CEO Sam Altman’s Worldcoin {{WLD}} token hit record highs on Thursday alongside a broader rally in artificial intelligence (AI)-related tokens. AI cryptocurrencies initially jumped in price Wednesday evening after chipmaker Nvidia (NVDA) beat lofty fourth-quarter earnings and first quarter guidance expectations and the move has gained strength since. Taking the lead in terms of gains is Worldcoin’s WLD, which is up 40% on the day and almost 170% over the past 7 days. The token touched a new all-time high of $8.85 earlier and was trading at $8.54 at press time. Worldcoin was co-created by OpenAI founder Sam Altman and thus often associated with AI-related projects. SingularityNET {{AGIX}}, a decentralized AI marketplace, saw its token climb 43%. FetchAI {{FET}} was up 18%. Other tokens associated with AI moving on Thursday included the Graph’s {{GRT}} which was up 17% and Render’s {{RNDR}}, jumping 23%. According to Strahinja Savic, head of data and analytics at FRNT Financial, there’s a number of reasons behind the recent AI-related token pump. “The launch of [OpenAI's] Sora [and] Nvidia’s impressive sales forecast are fuelling broader optimism surrounding AI that is spilling over into crypto," said Savic in an interview with CoinDesk. "We’ve seen this in crypto in the past, where metaverse-related tokens rallied when Facebook changed its name to Meta.” Savic posed the question of how effective exposure is to artificial intelligence via these AI-themed tokens as most don’t actually have a direct connection to the adoption being driven by OpenAI or Google’s Gemini. Gemini is Google’s family of AI models, similar to OpenAI’s ChatGPT. “The use of blockchain tech for the purposes of AI remains unclear and at this point is highly experimental," continued Savic. "Having said that, buying AI-themed cryptocurrencies is more exposure to niche blockchain-based AI derivatives, rather than exposure to the mass adoption that has received so much attention recently." Savic also noted that there’s a possibility that the demand for AI tokens is coming from investors in areas that don’t have access to U.S. equities. “It is conceivable that for an investor not able to buy stocks like NVDA, AI-themed tokens may be the next best thing,” he added. Worldapp, which is Worldcoin’s first wallet built for the project, surpassed 1 million daily users earlier this week, according to the company.

3 days ago
Coinpedia
Coinpedia
followers

The post AI Narrative May Become Stronger in the Coming Days: Here is the Popular AI Token on the Foothill of Major Explosion appeared first on Coinpedia Fintech News After marking new highs for the year, the Bitcoin price faces a minor pullback and remains stuck within the regions. In the meantime, the AI-based tokens appear to have set up a strong base, with most of the tokens recording double-digit gains. Tokens like Singularity and Worldcoin have surged above 100%, while The Graph and Render have accumulated gains of over 50% in the past week.  This trade setup suggests that AI-based tokens are establishing a strong bullish narrative, and the following are the reasons why they could last for a long time: Potential AI integration on Ethereum through the implementation of Verkle trees, which focus on data storage and node size, With every upgrade released by ChatGPT’s Open AI, the AI-based tokens have experienced a huge impact  NVIDIA has released its revenue report, which has initiated a fresh bullishness within the AI-tokens and also soared their company shares DePin or decentralised physical networks and AI integration may also have a larger influence over the AI-token rally. Now that the tokens have already recorded huge gains, is it too late for the party?  The AI tokens like Render (RNDR) have surged by over 18%, Fetch.ai (FET) by 13% and Singularity (AGIX) by over 30% after the NVIDIA earnings. Before, the tokens had a decent ride after Open AI launched Sora. However, some tokens, like The Graph, are at the foothills of massive explosions.  The recent upswing has caused the price to soar beyond the crucial descending trend line after hovering around the level of $0.17 for a while. The price is an inch away from rising above the interim highs beyond $0.31. Once these levels are surpassed and sustained, the GRT price may trigger a fresh bullish trend towards higher targets, probably above $1. 

3 days ago
CaptainAltcoin
CaptainAltcoin
followers

Ethereum (ETH) appears primed for a major bullish breakout, with the price approaching key levels not seen since the last market cycle’s peak. According to analysis from crypto trader Rekt Capital, Ethereum looks ready to close its monthly candle above $3,000 for the first time since 2021. Monthly Close Above $3,000 Would Be Historically Bullish Currently trading between $2,950 and $3,000, Ethereum’s chart remains in a decisive uptrend. As Rekt Capital points out, Ethereum has broken out of its macro trading range between $2,200 and $2,800. Now the price looks strong as it approaches the $3,200 level, which it has only closed around during historic bull runs. “A monthly close above the $3,000 at the end of the month also represent new labels not seen since 2022,” explains Rekt Capital. He notes Ethereum has only ever monthly closed at these elevated levels during a bull market, which last occurred in 2021. Analysts See Continued Upside for Ethereum Other analysts agree Ethereum’s technicals and on-chain activity point to further upside. CryptoJelle notes that while Ethereum likely won’t make new all-time highs in one move, it remains a strong long-term hold for 2024. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – “There we go, ETH is showing the market what it’s made of. This won’t go to new highs in one go, but ETH should be a good asset to hold for the rest of the year. Send it higher,” he tweeted. Conclusion In summary, Ethereum looks poised for continued bullish momentum as it approaches key resistance levels not seen since the last cycle’s peak. Breaking above $3,000 with a monthly close could confirm a historic bullish breakout. Analysts remain optimistic about Ethereum’s upside potential through the rest of 2024. The coming weeks will determine whether Ethereum can sustain this bullish momentum and make a run toward reclaiming its all-time highs. You may also be interested in: Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ethereum (ETH) Has Only Closed Above This Price in a Bull Run, and It’s About to Do It Again appeared first on CaptainAltcoin.

3 days ago
换个角度看世界0
换个角度看世界0
followers

If you want to make money in altcoins, you must choose the right place, follow hot spots, follow strong bankers, and follow the trend! Some important currencies in the three popular sectors of this bull market: the second-layer ecological sector of the pie, the chain gaming sector, and the AI ​​sector Classification of various currencies in the AI ​​sector: 1. OpenAI founder investment: WLD: Worldcoin is a Crypto project founded by OpenAI founder Sam Altman. The price of WLD currency rose, reaching new highs all the way. ARKM: Arkham is an intelligent platform that provides information about the real-world entities and individuals behind crypto market activity. 2.AI video: RNDR, LPT, VRA RNDR: Render Network is a GPU computing network that allows users to use their RNDR tokens in exchange for additional computing power for rendering scenes in the cloud. LPT: Livepeer is a decentralized video streaming network that enables developers to build video streaming applications and produces a solution that can serve as the real-time media layer in the decentralized development (web3) stack. VRA: Verasity is a decentralized platform for content creators and viewers, aiming to create a fair and transparent system for them to tokenize their works and earn rewards for watching content. 3. Old AI hype: NMR, FET, AGI, OCEAN NMR: Numerai is a new hedge fund built by a network of data scientists using artificial intelligence technology. FET: Fetch.ai is a blockchain platform based on artificial intelligence and machine learning that allows anyone to share or trade data. AGIX: SingularityNET is a decentralized artificial intelligence platform and market. OCEAN: Ocean Protocol is a tool for the web3 data economy, providing developers with tools to build data markets, manage data NFTs and DeFi data tokens. 4.AI application: NFP, AI, XAI NFP: NFPrompt is an AI-driven UGC platform. AI: Sleepless AI is an AI-based virtual companion game that leverages AIGC and LLM to create rich story-based gameplay and organically developed interactions with characters. XAI: Xai is a permissionless Orbit Chain, bringing an innovative, game-centric layer 3 to the gaming industry. 5. Artificial Intelligence X Oracle: GRT, RLC GRT: The Graph is a decentralized protocol for indexing and querying blockchain data. Anyone can build and publish an open API called a subgraph, making on-chain data easy to query. RLC: iExec is a decentralized computing asset market based on blockchain. iExec Marketplace connects resource providers with resource users, allowing anyone to leverage or rent computing power, data sets and applications. 6. Domestic AI sector currencies: CTXC, MDT, IQ, RSS3 CTXC: Cortex is an open source public blockchain that seeks to solve one of the biggest challenges faced by blockchains like Bitcoin and Ethereum today – on-chain AI execution. MDT: The MDT ecosystem aims to provide data rewards to individual users while accelerating the adoption of blockchain in daily life through various innovations. IQ: IQ is the world's largest blockchain and cryptocurrency encyclopedia, with thousands of wikis on all topics and branches of knowledge in the crypto space. RSS3: RSS3 is the Web3 open information layer that builds open information for social, search, and artificial intelligence.

3 days ago
The Cryptonomist
The Cryptonomist
followers

The tokens related to artificial intelligence (AI) in the crypto markets are performing increasingly well.  AI, or artificial intelligence, is the current “trend” in financial markets, especially in traditional ones, and crypto tokens linked to AI are taking advantage of it.  Although it is not just a trend, the one in the crypto markets still appears as a temporary speculative bubble.  The case of Worldcoin (and Nvidia) Today the price of the WLD token of Worldcoin has reached its all-time high of over 8.7$. WLD is a young token, landed on the crypto markets only after the middle of last year, but the real boom was recorded in February of this year.  Indeed, after rising to over $4 at the end of 2023, in January it had also dropped below $2.5.  Starting from February 8th, it began to rise, with a real surge starting from last Friday.  This parable has to do with that of the Nvidia title on traditional stock exchanges, and in particular with what happened yesterday. Nvidia is absolutely the reference stock at the moment for the AI sector, and WLD is the reference token for AI in the crypto sector. The curious thing is that the Worldcoin project is not an artificial intelligence project, even though it uses some AI tools for retina scanning, but it was founded and is led by Sam Altman, the CEO of OpenAI who sparked the artificial intelligence boom last year with ChatGPT. However, while Nvidia’s stock performance may have solid foundations, despite the price-to-earnings ratio of its shares being much higher than average, WLD’s performance may not have particularly solid bases. In this case, it could simply be a passing speculative bubble.  The boom of Nvidia in AI Leading the race of AI stocks is Nvidia, the world’s leading manufacturer of powerful chips used by machines that leverage artificial intelligence. The first boom occurred in 2023, especially in view of future development prospects, but it is in January 2024 that it recorded the most suspicious recovery.  Last night, the data on sales and profits for the fourth quarter of 2023 were expected, and it was thought that they could have triggered the speculative mini-bubble of 2024.  Instead, the data turned out to be better than expected, and so in after-hours trading the stock recovered all the losses from the previous days due to doubts about the sustainability of these price levels.  Therefore, as of today, there is no sign of a possible collapse of Nvidia’s stock in the short term, while until last night this hypothesis was still circulating insistently.  At this point, it is possible that the AI rally continues, as shown by the trend of WLD, or at least stabilizes at very high levels.  This does not exclude the possibility that in the future, if the data is lower than expected, the mini-bubble could still burst. Not only WLD: the boom of AI (artificial intelligence) tokens thanks to NVIDIA’s stock In the crypto markets there are also other tokens linked to AI.  After yesterday’s news about Nvidia’s profits, many saw significant price increases.  AGIX from SingularityNet has grown by over 20%, FET from FetchAI by over 10% and RNDR from Render by 8%. However, in total, the AI tokens taken together do not reach the 17 billion dollars in market capitalization, excluding WLD which has a market capitalization of 1.1 billion but technically is not an AI token.  Note that none of these tones have recorded absolute highs, only WLD.  FET is still only down by -6% from its highs, while RNDR is down by -17%.  However AGIX is still at -63%, while NEAR is at -84% and GRT is at -90%.  The point is that these are tokens that are not intimately connected to the world of artificial intelligence, but are indirectly related to it. Furthermore, the token that is performing the best, Worldcoin, does not have anything to do with AI, except for the fact that it uses some artificial intelligence tools. All this should raise some doubts about these market performances, because it is not at all certain that the bases on which these tokens move are really serious and solid. To put it better, maybe they are also serious and solid in some cases, but they are not so intimately linked to the development of artificial intelligence. The only one that seems to be an exception is FET, with RNDR following closely behind. The Bitcoin movement Interestingly, what happened yesterday in the markets to AI-related financial assets also benefited Bitcoin. Actually, it is possible that Tuesday’s drop below $51,000 was due to concerns spreading in the traditional markets regarding Nvidia’s data release.  If that’s the case, then it easily explains why last night the price of BTC returned close to $52,000.  At this point, the same speech as before could be worth it: the correction has already taken place, but now that doubts have been dispelled, a new period of recovery or at least lateralization at very high levels could begin. 

3 days ago
CaptainAltcoin
CaptainAltcoin
followers

Polygon’s native crypto asset MATIC appears poised for a major multi-year breakout that could see its price skyrocket over 900% to above $10, according to recent analysis from crypto experts. With MATIC trading around $0.97 at the time of this writing, technical patterns suggest a rally mirroring its historical price action in 2021 is forthcoming. Breaking Out After Consolidation According to crypto analyst Captain Faibik, MATIC is ready to pump hard and repeat the massive historical price gains seen in early 2021. Back then, MATIC surged from around $0.01 after breaking out from consolidation, kicking off a sustained rally that peaked in early 2022 at an all-time high near $2.90 – a 29,000% gain from $.01. Captain Faibik believes MATIC consolidating for over a year presents a similar opportunity, with a breakout signaling the start of a new bull run. Given MATIC’s history, he expects an even larger pump this time, with prices reaching $10 in 2025 – over 900% above the current $0.97 level. Closing Above Key Level Fellow analyst Ali also sees bullish signs for MATIC from a long-term technical perspective. He points to a multi-year symmetrical triangle formation that could be on the cusp of a decisive breakout. In Ali’s view, a daily close above the key resistance level of $0.96 would confirm the start of a new uptrend. Ali’s first upside target from there is $1.73. However, based on MATIC’s historical price action and tendency for massive moves out of long consolidations, Captain Faibik sees far greater upside on the horizon. Multi-Year Breakout Could Fuel Rally to New Highs The confluence of optimistic technical analysis and MATIC’s historical tendency for explosive growth after consolidation periods suggests significant upside potential lies ahead. Given the patterns and bullish indicators, MATIC appears primed for a multi-year breakout that could ultimately send its price well above $10, dwarfing previous all-time highs. With MATIC poised at a critical long-term juncture near $1, analysts say conditions are ripe for history to repeat itself in epic fashion. You may also be interested in: Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Polygon’s MATIC Primed for 900% Following Multi-Year Breakout as ’History Will Repeat Itself’ appeared first on CaptainAltcoin.

3 days ago
CoinDesk
CoinDesk
followers

This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Artificial intelligence (AI)-related tokens surged after chipmaker Nvidia (NVDA) beat its already lofty fourth-quarter earnings expectations. Nvidia on Wednesday reported earnings per share of $5.16, topping the average analyst estimate of $4.59, according to FactSet data. The chipmaker also posted revenue of $22.1 billion, higher than Wall Street's expectation of $20.4 billion. AI tokens surged: SingularityNet (AGIX) gained 37% on Thursday, FetchAI (FET) added more than 15% and Render (RNDR) rose 20%. The Graph, a protocol for indexing and querying data stored on blockchains, which said it plans to add AI-assisted querying with large language models, saw its token rally 21% after the report. Worldcoin’s WLD jumped 33%. The overall market cap of AI tokens has surpassed $17 billion, according to CoinGecko data. Ethereum’s native token, ether (ETH), may have found a path to a record high of $5,200 after breaking out an “ascending triangle” price pattern, according to technical analysis by Kraken OTC. ETH, the second-largest cryptocurrency by market value, topped the $3,000 mark early this week, establishing a foothold above the horizontal trendline connecting August 2022 and April 2023 highs. The trendline, along with the upward-sloping bottom line connecting June 2022 and November 2022 lows, comprised an ascending triangle formation on the weekly price chart. In other words, bulls have pushed through a long-standing resistance, regaining market control after a series of higher lows showing a gradual decline in bears’ strength. Bitcoin (BTC) may have stalled over the past week, but FundStrat head of research Tom Lee doubled down on his bullish outlook and said the largest cryptocurrency could reach as high as $150,000 this year. "You have demand improving with the new ETFs, you have supply shrinking with the halving, and if monetary policy eases, which we expect, that's supportive for risk assets," Lee told CNBC on Wednesday. Lee's comments came as bitcoin's rally appeared to lose some steam following a 35% gain over the past couple of weeks to $53,000, its highest price in 26 months. BTC was recently changing hands at $50,900, down 1.8% over the past 24 hours, holding up slightly better than the broader-market CoinDesk20 Index's (CD20) 3% decline during the same period. Chart of the Day The chart shows the total FIL deposited in the storage network Filecoin's decentralized finance ecosystem. Net deposits continue to climb and now sit above the 27.5 million mark. FIL, the native token of Filecoin, has been on a tear, gaining 30% in the past seven days. Source: fvm.starboard.ventures - Omkar Godbole Trending Posts England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property South Korea’s Most Populated Province Traces and Collects $4.6M From Crypto Tax Evaders Vitalik Buterin Floats Idea of AI-Based Code Audits, Ethereum Project Developers Back Him Up

3 days ago
CoinEdition
CoinEdition
followers

FET might drop to $0.68 but the price might extend to $3 in the long term. If traders continue to book profits, WLD’s price might plunge to $5.76 before another rally. Entries between $595 and $682 could be great for TAO traders looking to hold in the short and long term. Altcoin Sherpa, a popular crypto analyst on X, told his 207,600 followers to watch AI-themed cryptocurrencies. According to Sherpa, the recent parabolic moves by some of the tokens including Fetch.ai (FET), Worldcoin (WLD), and Bittensor (TAO) do not mean that they have hit their peaks. The analyst, however, noted that the tokens might pull back. But if the prices hit the 0.236 and 0.382 Fibonacci retracement points, then traders should buy. Going to post some AI coin potential entries. Given how hard some of these are going, I would view the .236 fib and the .382 fib areas as good starter points. $FET $WLD $TAO WOULD NOT GO ALL IN on any 1 entry. DO NOT FOMO. A pullback probably coming soon. These are more for… pic.twitter.com/XfW3Sx6iOs — Altcoin Sherpa (@AltcoinSherpa) February 19, 2024 Fetch.ai (FET) FET’s price tapped a two-year peak and reached $1.12 on February 19. However, the 4-hour FET/USD pair showed that the cryptocurrency has printed a bearish candle. This resulted in a decline to $1.00. Meanwhile, a look at the 0.236 Fib level showed that the token might decrease to $0.68. In a highly bearish scenario, the price might drop to $0.64 where the 0.382 Fib level was. But as Sherpa said, a possible nosedive to these levels could serve as great entry points. In the meantime, the Relative Strength Index (RSI) had fallen to 64.84. This implies that the previous bullish momentum had subsided.  FET/USD 4-Hour Chart (Source: TradingView) Should the RSI reading continue to slide, FET’s price might drop to $0.91 within the next few days. However, in the long term, the token value could extend as high as $3 to $5. But that might only happen if the AI narrative remains very present. Worldcoin (WLD) WLD’s price hit $8 on February 19 but was quickly rejected as the price fell to $6.65. Around the same period when WLD hit $8, the Money Flow Index (MFI) hit 93.96, indicating an influx of capital into the cryptocurrency. However, the MFI at press time had declined to 44.84. This suggests that market players have been taking out their liquidity. This decrease was also a sign of profit-booking which could further draw down WLD’s price. WLD/USD 4-Hour Chart (Source: TradingView) In a highly bearish situation, WLD might plunge to $5.76 where the 0.382 Fib retracement was positioned. But if bulls can defend the price action, a good entry can appear around $6.63. Should this be the case, buying pressure might help WLD climb as high as $10. Bittensor (TAO) For TAO, signals from the Fibonacci retracement were a little different. Unlike WLD and FET which placed the 0.236 Fib level below the current price, the Fib level for TAO was at $682.83. At press time, TAO’s price was $595.19. Furthermore, the 0.382 Fib level was at $658.94. This implies that buying the cryptocurrency between $595 and $682 could serve as a good entry for traders looking to hold for the short and long term. TAO/USDT 4-Hour Chart (Source: TradingView) However, the Awesome Oscillator (AO) reading was negative, indicating increasing downward momentum. As it stands, TAO’s price might drop as low as $545. But in the long run, a push toward $1000 looks likely. The post TAO, FET, and WLD May Offer Better Buying Opportunities: Analyst appeared first on Coin Edition.

4 days ago
CoinEdition
CoinEdition
followers

FET and RNDR prices increase by 45.57% and 21.44% respectively.  If FET crosses the $1 overhead resistance, the price could climb to $3 in the mid-term. A buy signal appears for RNDR at $5.51, as well as a possible extension to $9. AI-themed cryptocurrencies registered incredible performances in the last few days, according to data from CoinMarketCap. But out of the many tokens in this category, Fetch.ai (FET) and Render (RNDR) are leading the charge for dominance as the full-blown bull market approaches. Within the last seven days, FET’s price rose from $0.67; at press time, it changed hands at $0.97. This represented a 47.57% increase. RNDR’s price jumped by 21.44% within the same period. However, Coin Edition found that the hike was propelled by the launch of Sora. Sora is a text-to-video tool recently released by OpenAI. With increasing hype around AI, traders flocked to the market to keep the buying pressure on.  But that’s not all. We also discovered that more AI-related events are coming up later in the year. As such, this could fuel price rallies for AI tokens like FET and RNDR. FET Price Analysis On the 4-hour timeframe, FET’s price had attempted to surge past the $1 mark. But bulls could not prevail as the price fell back to $0.95. From the technical outlook, there was strong support at $0.82. If bulls can defend this support, then, FET’s price might beat the overhead resistance at $1 and surge higher. However, failure to defend this region could send the price plunging as low as $0.70 in the short term. But the long-term view for FET as displayed by the Exponential Moving Average (EMA) looked bullish. As of this writing, the 50 EMA (blue) had crossed over the 200 EMA (yellow), reinforcing the bullish thesis. FET/USD 4-Hour Chart (Source: TradingView) If FET falls below $0.65, then the thesis could be invalidated. But if the token swings above $0.70 irrespective of potential profit-taking, then the price might trend higher. In a highly bullish case, FET’s price might jump 3x from $0.95. But if bears’ dominance appears, the value could fall to $0.70. RNDR Price Analysis The RNDR/USD 4-Hour structure was similar to FET. On February 19, RNDR’s price had attempted to hit $6.40. But it was pegged back by the resistance at $6.31. However, indications from the Supertrend showed that the token might still offer a buying opportunity. At press time, the Supertrend indicated that a good entry for RNDR in the long term could be around $5.51. Therefore, if RNDR’s price pulls back and hits the zone, traders could set buy orders at $5.51. RNDR/USD 4-Hour Chart (Source: TradingView) Interestingly, the 0.236 Fibonacci level was positioned at $5.51, confirming the Supertrend buy signal. On the other end of Fibonacci was the 4.236 level which was at $9. Should buying pressure return, RNDR’s price could extend to $9 in the mid-term. The post AI Gems Uncovered: FET & RNDR Poised for Domination in the Bull Run appeared first on Coin Edition.

5 days ago
SPIDOO
SPIDOO
followers

Peak Price Potentials for the upcoming #Bullrun ↓ $TAO: $2,000 $QNT: $700 $SOL: $500 $INJ: $300 $LINK: $80 $ORAI: $70 $KOIN: $50 $PROPC: $30 $NAKA: $25 $KUJI: $20 $MTRG: $20 $FET: $18 $OCTA: $15 $RVF: $8 $CGPT: $4 $GFAL: $3 $NXRA: $3 $PAAL: $3 $ROSE: $1 $VRA $2 $ADA: $6 $XRP: $6 $RIO $56 $HBAR $5 $CSPR $4 $RXD: $0.4 $LOOP $33 $PROPS: $4 $KAS $1.40 $MNW $160 $JASMY $3 $CHNG $16 $DAG $5.70 $RNDR $150 $MINA: $100 $AZERO: $75 $TRIAS: $100 #BNB   : $1,000 $Shib: $0.001 $GAL : $200+ $ROUTE $640 #EGLD: $1,000 #Bitcoin   : $100,000+ #Ethereum: $10,000 #Write2Earn #TrendingTopic

5 days ago
CryptoVenom
CryptoVenom
followers

Could $JASMY Get Back to it's All Time Highs In 2024? ⚡️ Guys, you can check in my weekly post that I mentioned for you the coin to make crazy gains this week before they increased in price, especially $FET & $JASMY ⚡️🔥 Let's Talk more about JASMY, it's usage, Price Predictions for this year🔥💡What is JASMY💡Jasmy, a blockchain-based platform focused on data security & monetization, has garnered attention within the crypto space. But what exactly is it, & what potential does it hold?🔎The Core Idea🔎JASMY aims to bridge the gap between the physical world & the digital realm by securing & managing data ownership through blockchain technology. Their "Personal Data Locker" allows individuals to control & monetize their data, while businesses can gain access to valuable insights with user consent.💎Key Features💎🧮 Data Locker: Users store and manage data securely, controlling access & earning rewards for sharing.🪙 JasmyCoin ( $JASMY ): The platform's native token, used for data transactions & network governance.🔑 Security & Privacy: Secure data storage & user-controlled access prioritizes privacy & compliance.✨️Potential & Challenges✨️📊 Data Monetization: Empowering individuals with control over their data can unlock significant economic value.♻️ Enterprise Adoption: Gaining traction among businesses for data access & analysis is crucial for wider adoption.📝 Regulatory Landscape: Navigating evolving data privacy regulations is an ongoing challenge.💰Current vs Future Price Status💰The JASMY project boasts partnerships with major Japanese corporations like Mitsubishi & Sompo Japan Nipponkoa. JASMY increased crazy this week reaching $0.016 & expected to continue this Rally reaching an ATH of + $5 at the end of 2024.🔺️Conclusion🔺️ JASMY presents a unique approach to data ownership & monetization. While it holds promise, navigating regulatory hurdles & securing wider adoption are key factors to watch for its future success.💰 No, it's not too late to buy JASMY but I remind you to buy the dip & hold for the long run because this coin will make Millionaires 💰Follow & Like for MORE Exclusive News🥂 #Write2Earn‬ ‬ #TrendingTopic #JASMY 🖋 Written By @CryptoVenom

4 days ago
CoinDesk
CoinDesk
followers

Nvidia's fourth-quarter earnings could trigger a broader correction for equities and crypto if it fails to live up to the hype. AI-related tokens such as OCEAN and FET may also trade off Nvidia's earnings and outlook for the sector. The bitcoin {{BTC}} and the broader crypto rally could come to a halt if Nvidia's {{NVDA}} fourth quarter earnings fail to live up to the lofty Wall Street expectations, Singapore-based QCP Capital said in a recent note. "A key event today that could trigger a wider correction is Nvidia earnings which will be released after the US close," QCP wrote in a note. "As a major part of the S&P500 Index, Nvidia's performance could set the tone for US equities in the near-term." Nvidia, the GPU giant that designs chips necessary for the AI revolution, is set to report its earnings on Wednesday after the market closes in the U.S. The chip-maker's stock is up nearly 220% over the last year. The market will be sharply focusing on the potential for the stock to sustain the face-melting rally. In fact, the rally has been so hot that Goldman even called it "the most important stock on planet earth" as options traders are betting on a move in either direction of 11%. "Nvidia is currently trading at 90x P/E and Q4 earnings expectations have been adjusted higher recently," QCP said. For comparison, Amazon.com (AMZN) currently trades at 52.4x and Tesla (TSLA) at 57.7x price-to-earning (P/E) ratio, according to FactSet data. With such a high valuation, the margin of error is very slim. "At these valuation multiples and high expectations on earnings, any disappointment could see a sell-off. That would certainly put a drag on U.S. equities and crypto prices as well," QCP continued. Another crypto sub-sector that could see a volatile trading session from Nvidia's earnings is the artificial intelligence (AI) -related tokens such as Ocean Protocol’s OCEAN and Fetch.AI’s FET. Given the influence the chip maker has on the sentiment of the AI industry, crypto traders will be keeping an eye on assessing Nvidia's outlook on the sector and trade accordingly. Read more: AI Tokens Rally as OpenAI’s Sora Brings Renewed Hope to the Sector Analysts also stress how much of Nvidia's growth relies on the server industry at the core of the AI revolution. Data from IDC shows that the global PC market is facing short-term challenges, with 2023 shipment volume expected to decline by 13.8% after a 16.6% drop in 2022, marking two consecutive years of double-digit declines. However, IDC forecasts a rebound starting in 2024, driven by factors such as a commercial PC refresh cycle, AI integration, and recovery of the consumer installed base, leading to a projected growth of 3.4% in 2024 and a compound annual growth rate of 3.1% from 2023 through 2027. Meanwhile, Taiwan-based Digitimes Research recently wrote that the computing sector's growth will plateau due to saturated PC and notebook demand, but emerging data centers are key to the future of chip companies like Nvidia, boosting server shipments and HPC chip demand. Nvidia's stock is down 7% in the last week and is currently trading around $680. The majority of the Wall Street analysts have a buy rating on the stock with an average 12-month price target of around $751, according to FactSet data. Bitcoin is trading at $51,200, down 0.4% in the last 24 hours, according to CoinDesk Indicies data, while the CoinDesk 20 Index (CD20), which measures the performance of the largest 20 digital assets, is down 1.9%. Read more: Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K

4 days ago

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