I have been telling you that the AI sector will have positive news in May and June. Since there was no improvement in May, it should pick up in June. AI+blockchain has become a trend.
After ChatGPT promoted the explosion of generative AI applications, AI technology is developing rapidly, and the blockchain industry is also exploring ways to combine AI. In this round of bull market, the AI token track has also attracted much attention from the market, and many projects have doubled their gains so far this year.
Which AI tokens can you watch in June?
PERSON
Bittensor (TAO) is a peer-to-peer decentralized machine learning network that allows users to build, train, share, and trade machine learning models to foster a collaborative AI environment.
Through blockchain technology built on the Substrate framework, Bittensor hopes to create a secure, transparent and censorship-resistant platform. The ultimate vision of the project is to build a "global brain" by connecting various machine learning models around the world.
TAO has experienced a sharp correction recently, and the correction is still ongoing. If it falls below $410 in the future, it will become a bearish signal because this point is right near the baseline of the daily Ichimoku Kinko Hyo.
If TAO falls below $410, it may drop to $335, which may be a good buying point; if TAO rebounds sharply at $410, it may challenge the upper red zone of the Ichimoku Kinko Hyo, which is between $480 and $550.
Considering TAO's current price of $418, if it can rise to $550, the cumulative increase will exceed 30%.
GRT
The Graph (GRT) is a decentralized indexing protocol that allows developers to efficiently access blockchain data. Developers can also define how to obtain, index, and provide blockchain data in a verifiable way by creating subgraphs.
GRT has fallen 40% from its high of $0.49 and is currently fluctuating in the daily Ichimoku Kinko Hyo range (red area), between $0.26 and $0.34, which is a range that investors should pay close attention to.
If GRT breaks through $0.34, it may further rise to the key resistance level of $0.36; conversely, if it falls below $0.26, it may continue to fall deeply.
Based on GRT’s current price of $0.2998, if it can rise to $0.36, the cumulative increase will be approximately 20%.
AGIX
SingularityNET (AGIX) is a decentralized AI platform and market that seeks to build a protocol that connects AI and machine learning tools to create effective applications.
In May 2021, SingularityNET started the second phase, changing the token originally named AGI to AGIX and choosing to issue it on the Cardano blockchain. It also took measures such as establishing a second-layer expansion solution (Layer2) to encourage large-scale user adoption.
Judging from the daily trend, AGIX is currently oscillating mainly at the bottom (red area) below the Ichimoku Kinko Hyo, indicating that the market is hesitant about the future direction.
If AGIX falls below the red zone, it could drop to $0.84. If this level is broken, it could fall further to $0.65. The range between $0.65 and $0.84 could be a buy point.
On the other hand, if the price of AGIX rises above the red zone, it may indicate a trend reversal, which will increase the chances of a surge to the $1 resistance level. A break above this level will signal the start of the next uptrend, allowing AGIX to challenge the high of $1.46.
Considering AGIX’s current price of $0.8935, if it can rise to $1.46, the cumulative increase will exceed 60%.
DONE
Fetchai (FET) was co-founded by Humayun Sheikh and Toby Simpson, early investors in DeepMind, a world-leading AI company. Its main goal is to build a blockchain network that can learn autonomously, helping AI agents to autonomously discover economic partners who recognize the value of their services and data. To achieve this goal, Fetch.ai has found a solution to design a useful proof-of-work system and build a scalable blockchain.
It is worth noting that the above-mentioned SingularityNET, Fetch.ai and Ocean Protocol have announced that they will form a super artificial intelligence alliance and will merge and issue a new token called ASI.
FET is testing key support levels recently, trying to break below the bottom of the daily Ichimoku Kinko Hyo (red area). If the downward trend continues and FET fails to return to the vicinity of the bottom, it may fall further to $1.8. This point is a key support level, and if it falls below it, it may fall further to $1.5.
However, for long-term investors, $1.5 to $2 may be a good buying point. If Bitcoin can break through its historical highs in the future, it is expected to drive FET to soar rapidly.
Based on the current price of FET at $2.11, if it can challenge the important resistance of $2.82 in the green area of the Ichimoku Kinko Hyo in the near future, the cumulative increase will exceed 30%.
Later, I will bring you analysis of leading projects in other tracks. If you are interested, you can click to follow. I will also organize some cutting-edge consulting and project reviews from time to time. Welcome all like-minded people in the cryptocurrency circle to explore together
