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Two AI-powered altcoins that could bring huge profits in 2024
Fetch.ai (#FET)
Fetch.ai is a blockchain project that integrates artificial intelligence (AI) and aims to create a decentralized digital economy. The Fetch.ai ecosystem consists of autonomous vehicles that are deployed as programs to perform various functions on behalf of individuals, organizations, and devices.
The Fetch.ai currency has not experienced significant market fluctuations recently, and its price has gradually recovered from 3.48 at the end of March. Although this strong decline the asset has fallen below support at the 50% Fibonacci retracement level of 48.31.65.
The slope of the 200-day exponential moving average combined with the tail of the last red candle mentioned above creates an area of intense interest for buyers. Currently, the price of FET is trading around 1.8, with a market capitalization of $1.529 billion.
If enough support is found, buyers could reverse the overall trendline and accelerate the upward momentum. Once it breaks through, its increase may first rush to 2.7 and then reach 4.8.
SingularityNET (#AGIX)
SingularityNET is committed to democratizing access to AI by creating a decentralized marketplace for AI services. The platform allows developers to monetize AI applications by building, sharing, trading and governing them globally through the $AGIX token.
Over the past 10 weeks, the SingularityNET token has experienced extreme volatility within two converging trend lines. The narrowing gap reveals the formation of a symmetrical triangle pattern, which often sustains a major uptrend after briefly losing momentum.
At the time of publication, AGIX’s price is trading around $0.758 and is trying to find liquidity at the lower trendline of the triangle pattern.
Once the triangle pattern is broken out, buying momentum will be strengthened, and buyers will challenge the 1.46 price level at an alarming rate and continue the upward trend to the direction of 2.5.
