3 AI Crypto Coins To Watch Ahead Of Nvidia GTC 2024 Conference
As the AI narrative hits fever pitch ahead of the Nvidia GTC 2024 conference closer, crypto AI fans and investors are keeping a close eye on several tokens and coins in the weeks and months ahead, here are 3 of the top AI crypto coins to watch this weekend.
1. #Near Protocol
Like Ethereum, the platform supports smart contracts. However, it is more scalable, and developers can quickly deploy programs. Its developers have created efficient architectures that can support the computationally intensive demands of AI apps. NEAR is up 620% from October 2023.
2. #Graph
GRT – the network’s utility and settlement token – could see major value accrual, with prices expected to benefit from the AI boom because crypto AI dApps will rely increasingly on accessible and secure data indexes, to provide the datasets needed to train and develop AI models on blockchain. And amid the AI narrative, investors are taking note – since October 2023 GRT prices have rallied by 420% .
3.#fet.ai

#HotTrends #AIConference

The Graph’s Network Expansion Ignites GRT Price Surge

The Graph token (GRT) has recently entered an aggressive recovery, escalating from $0.149 to $0.217, marking a substantial 45% increase. This rally, mirroring the broader market’s growth, is partly fueled by the network’s Q4 2023 expansion.

A tweet from the Graph’s official account on the X platform (previously known as Twitter) highlighted a 65% surge in query volume and advancements in Layer 2 transactions. The network’s reinforced infrastructure, underscored by over 1,500 subgraphs and the roll-out of a new Indexer, has likely reinforced investor optimism. The debut of the New Era Roadmap, along with the implementation of a Free Query Plan, has further strengthened this sentiment.

The Graph’s valuation rose by 15% in the past day alone, hinting at a potential bullish departure from the ‘cup and handle’ pattern’s neckline resistance. A successful push past this threshold could indicate a significant trend reversal and create fresh entry points for investors. Should this breakout persist, it’s projected that GRT’s price could climb to $0.375. DYOR

#Priceanalysis #GRT #Graph

The price of $GRT is currently showing a falling wedge pattern on its daily chart with support around $0.1274. This setup indicates a potential bullish reversal, and based on Fibonacci levels, a short-term target could be around $0.20. If the price holds above this support, it may challenge overhead resistance and move higher.

#Graph #FOMC #Defi