1.9 C
Manchester
November 18, 2024
BTC Hunts
Image default
Bitcoin

AI Tokens to Buy Now: TAO Eyes $1,000, FET $5, Worldcoin Longs $12

The post AI Tokens to Buy Now: TAO Eyes $1,000, FET $5, Worldcoin Longs $12 appeared first on Coinpedia Fintech News

With the Bitcoin price reaching above $68,000 momentarily, the anticipation of a new altcoin high by the end of the year is increasing. Amid the increasing chances of a bull run following the altcoin rally, the AI tokens quickly grow. 

Based on the recent tweet by SpotOnChain, highlighting the five top-performing AI tokens, here are the top three tokens you should consider buying. 

Top AI Crypto Tokens To Buy: 

Bittensor (TAO) 

BitTensor (TAO) has a year-to-date growth of 104%, with the biggest market cap in the AI segment. The TAO token currently trades at $577, with a monthly high of $683.

Tradingview

 The BitTensor project has a market cap of $4.24 billion, with 37% of the total supply being unlocked in 2025. The limited liquidity is one of the key drivers of the bullish trend.

Meanwhile, 77.7% of the available circulating tokens being staked limits the actual available tokens in the market, further declining the liquidity available and boosting the market price. 

In the daily chart, the TAO token is currently struggling to sustain dominance above the $600 mark while taking resistance from the 100% Fibonacci level at $624. However, the short-term sideways trend leads to a bearish crossover in the MACD and signal line. 

Nevertheless, the rounding-bottom reversal and the Fibonacci retracement levels paint the next potential target at $1,211. Hence, the AI token is likely to overcome the $1,000 psychological mark by the end of the year. 

Artificial Superintelligence Alliance (FET)

With a 12.6% return this year, the Artificial Superintelligence Alliance is one of the top AI tokens to watch out for. With most tokens being unlocked and in circulation, the available liquidity hardly impacts the current market trend. 

Tradingview

Nevertheless, hence despite the all-out liquidity, the bullish trend in the FET token is gaining momentum. With a short-term support trendline driving a bullish trend and increasing the bullish influence, the AI token is ready for a massive surge. 

The 50-day and 200-day EMA is ready for a bullish crossover along with the MACD and signal lines. In the short-term trend, the AI token reveals a falling channel breakout rally following an ascending triangle pattern. 

Ready for a bullish reversal within the triangle pattern, the Fibonacci levels paint the breakout rally target at 78.60% Fibonacci level at $2.67. Meanwhile, the optimistic target at 1.618 Fibonacci level stands near the $5 psychological mark. 

Curious if the FET token will reach $5? Find out more about Coinpedia’s FET Price Prediction article, which includes price analysis, insights, and much more!

Worldcoin (WLD)

Worldcoin, the brainchild of OpenAI CEO Sam Altman, is an exciting AI token. With a 58.4% yearly growth, the WLD token has a market cap of $1.2 billion. 

Tradingview

Currently, the AI token is trading at $2.17 with a rounding bottom reversal in the daily chart. The decline of the rounding bottom pattern coincides with the 38.20% Fibonacci level near the $3 psychological mark. 

Furthermore, the AI token shows a falling channel breakout rally gaining momentum. As it sustains above the 50-day EMA, a bullish breakout of the 200-day EMA will increase the possibility of a trend reversal. 

Based on the Fibonacci levels and the pinnacle of the falling channel pattern, the meme coin has the potential to reach the $11.97 mark.

Related posts

This is When Dogecoin Price May Rise by 15x to Reach Beyond $1

David Bradley

Top Best Bet Altcoins For April 2024 

David Bradley

XRP Price Might Surge To $0.83 Levels If This Scenario Playout

David Bradley