The world of artificial intelligence (AI) is evolving at a rapid pace, and the incorporation of blockchain technology is driving a new wave of innovation, creating many potential AI coins. We have compiled a list of the top 5 potential AI coins to watch in the near future.
This analysis delves into the exciting world of these AI coins, taking a look at some of the most promising ones, such as Bittensor (TAO), The Graph (GRT), SingularityNET (AGIX), Ocean Protocol (Ocean), and Fetch.ai (FET). Along with this, we will also analyze the technical outlook of these tokens using the Ichimoku Cloud indicator to see if the current hype around these projects could translate into potential buying opportunities. Let’s take a look.
Top 5 Potential AI Coins
(PERSON)
Bittensor aims to create a decentralized network for machine learning. It is a peer-to-peer network where users can create, train, share, and trade machine learning models, thereby promoting a collaborative artificial intelligence environment.
Bittensor hopes to form a collective intelligence like a global brain by connecting different paradigms around the world. Using blockchain technology built on the Substrate framework, Bittensor ensures a secure, transparent and censorship-resistant platform.
Technology Outlook
TAO has undergone a significant correction, and it looks like this will continue. A break below $410 is considered a bearish sign, as the $410 line represents the Ichimoku baseline. This could lead to a continued decline in prices to $335. It could be a good time to buy TAO at these prices, as a break above $410 could help TAO reach the Ichimoku cloud area, which is located between $480 and $550.
(GRT)
The Graph Project makes blockchain data easily accessible and available to everyone, allowing AI developers to easily search, find, and retrieve relevant data from different blockchains. This data is essential for training AI models in multiple fields, such as financial analysis, supply chain management, and creative applications...
Technology Outlook
GRT price is down 40% from the local high of $0.49. The price is currently trading within the daily Ichimoku cloud range between $0.26 and $0.34, which is an important area to watch. A break above $0.34 could lead the price to hit the critical resistance zone of $0.36. This could prove to be a significant advantage for GRT.
Therefore, from BeInCrypto’s perspective, buying GRT at these levels or lower could be beneficial for your investment. A break below the Ichimoku Cloud could encourage a pullback. Monitoring Ichimoku patterns could be a good strategy to identify potential buying points for this AI token.
(AGIX)
SingularityNET is a blockchain-based AI marketplace. It allows developers to create and share AI services, monetize their expertise by earning AGIX tokens, and allows users to find and use specific AI solutions.
Technology Outlook
AGIX is currently trading at the lower boundary of the daily Ichimoku cloud, indicating that the price may be indecisive. If the price breaks below the Ichimoku cloud line, it may signal bearish momentum and push the price down to $0.84. If the price breaks below the $0.84 support, it may continue to fall to $0.65.
Buying AGIX from $0.84 to $0.65 could be a good investment point. Conversely, if the price moves above the cloud, it could indicate a trend reversal and the price rises to the $1 resistance level, which marks the upper boundary of the cloud. A breakout above this level could signal a rally that pushes AGIX to a local high of $1.46.
（OCEAN）
Ocean Protocol creates a secure and open marketplace for data sharing and monetization. It uses blockchain technology to facilitate transactions, allowing data owners to create tokens (DATs) that represent access to their data. This enables controlled sharing and pricing while enhancing privacy and security.
Technology Outlook
Ocean’s price took a hit during the recent Bitcoin correction. As Bitcoin fell from $73,000 to $56,000, Ocean fell from $1.60 to $0.62, a massive 62% drop. Currently, Ocean is trading at $0.88, just below the bottom of the daily Ichimoku cloud.
A break below the Ichimoku cloud could result in significant selling pressure, pushing the price down to the critical support level of $0.80. A break below this level could see Ocean fall to its previous low of $0.62. However, considering Bitcoin’s recent performance, buying Ocean at such levels could be an attractive option for long-term investors.
(DONE)
Fetch.ai combines artificial intelligence and blockchain to create an autonomous economy. It creates a future where software agents representing individuals, organizations, and devices interact through a decentralized network.
Fetch.ai provides developers with tools to build agents with specific functions, ensuring secure and transparent interactions within its ecosystem. The native token FET is used for transactions within the network, including data access.
Technology Outlook
Fetch.ai (FET) price is currently testing a critical support level, attempting to break below the Ichimoku Cloud on the daily chart. If this downtrend continues and FET fails to re-touch the lower boundary of the Cloud, the price could drop further to $1.8. This level is a critical support level, a break below which could trigger a further drop in price to $1.50.
However, for long-term investors, the price range between $1.5 and $2 could offer good buying opportunities. Despite the inherent volatility of FET, if Bitcoin breaks above its all-time high of $73,800, this could lead to a quick recovery in FET prices.
Conclusion: Long-term potential and the Bitcoin factor
The AI coin market presents an attractive opportunity for investors with a long-term vision. These projects are at the forefront of a technological revolution that could reshape various industries. Beyond short-term volatility, AI coins have the potential to deliver impressive returns for investors who believe in their long-term vision.
The cryptocurrency market often exhibits a domino effect, with Bitcoin’s price fluctuations affecting the prices of altcoins, including AI tokens. A potential rise in Bitcoin’s price, especially towards the $100,000 mark or higher in a bull run, could spur growth in the AI token industry.
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