Top 3 AI Tokens for Investors in 2024 đ€
With price fluctuations in the cryptocurrency market, the AI sector has gained momentum in the last 24 hours. Major AI tokens have seen a sharp rise in prices in a short time.
Investors are asking, "Is now the right time to invest?" and "Will AI tokens regain strength?" Here are the top 3 AI tokens with potential to outperform this year.
Bittensor ($TAO )
Bittensorâs price rose 14.76% in the past day, with a trading volume of $209.82 million. Over the last month, it surged 129.15% and is up about 116% for the year. With a market cap of $4.27 billion, itâs ranked 23rd globally.
Price Analysis (October 5, 2024)
The MACD shows a growing green histogram, with averages pointing to a bullish trend. If this continues, TAO could test resistance at $671. A bearish reversal might pull the price to $547.
Despite a 15.64% drop over the past week, RENDER gained 6.38% in the past 24 hours, with a trading volume of $315.27 million. Itâs also up 15.76% over the last month, with a year-to-date return of 19.35%.
Price Analysis (October 5, 2024)
The RSI is near neutral on the daily chart, with the trendline staying above the halfway mark. If momentum returns, RENDER could test resistance at $7.18. If not, the price might drop to $3.65.
Despite market uncertainty, PHB gained about 10% in the last 24 hours, with a trading volume of $15.33 million. Over the past month, it surged 57.86% and is up 68.81% for the year. Phoenix holds the 369th position globally.
Price Analysis (October 5, 2024)
The 50/200-day EMA indicates growing bullishness, with a possible Golden Cross. The MACD shows a steady green histogram. If PHB holds support at $1.67, it could reach $2.18. If bears take control, the price might retest $1.14.
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