In 2024, Artificial Intelligence (AI) has rapidly gained traction across various sectors, including cryptocurrency, by merging AI-powered solutions with blockchain’s decentralized infrastructure. This integration has led to a 35.1% surge in AI altcoins over the past month, positioning them for strong growth in Q4 despite September’s market correction. Here are the top ones that can deliver significant gains as the sector evolves and attracts more investment.
3 AI Altcoins Poised for 5X Gains as Sector Growth Accelerates
According to Artemis, Artificial Intelligence (AI) dominated the crypto sector with a substantial 35.1% surge over the past month. Defying the September month correction, the sustained growth in AI altcoins positions them for a prolonged rally in Q4, typically bullish for the broader market. Below are top AI cryptos set to 500% (5X) as their performance far outpaces other sectors.
Bittensor(TAO)
Bittensor (TAO) is a decentralized network focused on artificial intelligence (AI), specifically aiming to create an open-source, decentralized marketplace for machine learning models. In the last five weeks, the TAO price showed a significant recovery from $220 to $640, recording 190% growth.
In the same period, the TAO’s future open interest rallied from $49 Million to $224.2 Million— a 357% increase. This spike indicates heightened investor activity in anticipation of a higher momentum in the asset.
Among other AI altcoins, the Bittensor price is one resistance ($675) breakout away from surpassing the all time high of $767.8.
Artificial Superintelligence Alliance (FET)
The Artificial Superintelligence Alliance (ASI), involving a merger of Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN), aims to create a unified decentralized AI ecosystem. These AI altcoins are fall under the FET ticker, currently trading at $1.4 and holding a market cap of $3.58 Billion.
According to Santiment data, the 30-day Market Cap to Realized Cap Ratio (MVRV) plunged to -14%, indicating that short-term investors are at a loss. These speculative trades often exit the market in fear and attract long-term buyers to fuel a sustained recovery.
Thus, the FET price poised for a $1.7 resistance breakout could signal a major reversal rally.
Render (RENDER)
Render is a decentralized cloud computing network that allows users to share and monetize their idle GPU power. Unlike other AI altcoins, RENDER price has been stuck in sideways trading for over 100 days, awaiting a suitable breakout to ignite the next rally.
By press time, the Render price had traded at $5.22, boosting to $2.76 billion. The asset has been 13% away from challenging a downsloping trendline intact since March 2024. A potential breakout will signal the end-of-correction trend and drive the Render coin past $10.
Additionally, the percentage of supply held by top addresses has been steadily increasing, now reaching 74.3%. The accumulation by key stakeholders suggests a strong belief in the asset’s long-term potential.
Emerging Opportunity: Minotaurus ($MTAUR)
In addition to the promising AI altcoins, Minotaurus ($MTAUR) is making waves in the cryptocurrency landscape, particularly within the gaming sector. Currently priced at $0.00005966, this presale token is offered at a significantly lower value compared to its anticipated listing price of $0.00020. The presale has already surpassed $100K, indicating robust community interest and engagement.
Minotaurus combines engaging gameplay with the utility of its $MTAUR token, allowing players to unlock special features, customize avatars, and access exclusive zones within the game. Early adopters have already seen around a 50% increase in value, with projections suggesting a potential rise of approximately 235% once the token officially lists.
As the AI sector leads crypto growth, Minotaurus stands out as a compelling opportunity in the burgeoning casual gaming market, valued at nearly $15 billion. With its focus on community engagement through referral incentives and a well-structured tokenomics model, the token is well-positioned to capture attention as part of the evolving crypto landscape.
This placement highlights $MTAUR’s potential amidst current market trends while maintaining focus on growth opportunities, appealing to readers interested in both established and emerging projects in cryptocurrency.
Conclusion:
The Al altcoins such as Bittensor, Artificial Superintelligence Alliance, and Render are poised for a high momentum rally in Q4. This comes amid whale accumulation and growth in future derivative markets.
The post 3 AI Altcoins Set for 500% Gains Amid 2024 Adoption Boom appeared first on CoinGape.
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