Which AI Tokens Could 10x This December? Top Picks and Analysis
The AI cryptocurrency sector is worth a massive $40.22 billion.
NEAR stands at the top of the sector with a market cap of $7.9 billion.
TAO and AKT turned bullish in the past day, surging 4.51% and 3.54% respectively.
Access to AI platforms like ChatGPT fueled a surge in AI-related cryptocurrencies as well and this demand has shown no signs of slowing down. AI tokens now represent a significant portion of the crypto market with their total market capitalization exceeding $40.22 billion, and the 24-hour trading volume upward of $6.1 billion.
As per the data provided by CoinMarketCap, the largest AI token is Near Protocol (NEAR), which has a market cap of $7.9 billion and trades at $6.50. NEAR dropped 9.19% yesterday and trades at $6.50, up 9.95% last week. Last month, the altcoin rose 53.40% but is still down 68.05% from its all-time high of $20.42.
Other AI Tokens to Watch
On the other hand, TAO and AR trade at $547.72 and $20.81, with AR crashing 5.80% yesterday. However, TAO surged 4.51% yesterday and 7.73% last month, while AR rose 29.62% last month. TAO is the 31st largest digital asset by market cap, while AR has a market cap of $1.36 billion, put…
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Select high volatility currencies that go up +6% or down -6%, use cross margin at 3x, 5x or 10x during peak trading hours for 5m or 15m while monitoring and analyzing and take any profit you generate.
As a beginner: 1) learn to lose as little as possible, avoid emotions and study all the technical elements that seem most relevant to you because everything changes quickly and each currency is different. Then use the most basic to interpret the information. 2) do not lose, buy and sell without losses even if there is not much profit. 3) win, win, win. Remember that in 1 minute everything can be lost, just like life itself. So do not leave any movement open regardless of whether you are winning or losing. Currency patterns are no longer the same as years ago.
Additional:
Consider currencies with a lot of volatility TAO, SUI in cross margin 5x or 10x, buy or sell and still win!
Did you lose or win today? Do you know who you're competing against?
First you compete against one or several computers at a time, then you compete against a human, and finally you compete against yourself.
It's a common situation that may seem frustrating or even suspicious, but there are several reasons why it happens.
1. Cryptocurrency Volatility Cryptocurrencies are extremely volatile, and their prices can change in a matter of seconds. That drop could simply be a typical market reaction and not necessarily a coincidence with your purchase.
2. Bots and Algorithmic Trading Many exchanges use trading bots that operate automatically and can react in milliseconds. These bots detect trends and adjust prices quickly to take advantage of any opportunity. Thus, your purchase can trigger a sale by the bots, causing a small drop in price.
3. Slippage When you buy in a low-liquidity market, your purchase may push the price up slightly, and then it may go back down or even down when you complete your order. This phenomenon is called slippage and is common in lower-volume assets.
4. Market Manipulation Some traders or "whales" use tactics like "stop hunting," placing large orders to move the price and take advantage of the temporary drop. This can cause the price to drop right after your purchase.
How to Avoid It? Set Limit Orders to control the purchase price and avoid slippage. Trade in Liquid Markets where there is enough volume to reduce the impact of your purchase. Avoid FOMO: Instead of entering on a sudden rise, wait for the price to stabilize. Understanding these dynamics and being patient will help you have a better experience when trading cryptocurrencies.
Cryptocurrency exchanges, especially the larger and more regulated ones like Binance, Coinbase or Kraken, do not directly manipulate prices, as their main function is to facilitate buying and selling between users and earn revenue from commissions. However, there are certain market practices that can affect prices, and below I explain how some exchanges can influence them indirectly or through certain market mechanics.
In short, large exchanges do not directly manipulate cryptocurrency prices on their platforms, as their business model is based on earning revenue from transaction fees. However, some practices such as wash trading, futures liquidation, spread management in low-liquidity markets, and order book manipulation have been reported on less regulated exchanges and can affect the price. To minimize these risks, it is best to operate on regulated exchanges that offer transparency and security in their transactions.
If you are in spot, just wait for your investment to increase the % you want and get the profit, it doesn't matter if you are in loss right now, at some point it will go up.
If it is not spot then close even with a loss or profit if you cannot be on the screen at any time, this is so volatile that you will lose the currency that decides it.