Thursday, April 18, 2024

Top Reasons Why AI-Based Altcoins Are Best Bet For 2024 – Here’s Why!

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The Artificial Intelligence tokens have displayed a significant uptrend this week, indicating a massive bullish sentiment for these tokens in the crypto industry. Further, eight tokens have secured a spot in the top ten gainers of the day, highlighting a positive price action for this category in the coming time.

Despite a mixed sentiment in the crypto space, with top tokens recording constant fluctuations in their respective portfolios, the AI tokens have gained significant attention from the market with impressive short-term returns.  Investors are curious to dig out the prime reason “why are AI tokens pumping?”

AI Tokens Surge Post News Of Sora!

The category gained significant price action after the news of OpenAI released a new technology called Sora, which allows users to create hyper-realistic videos from text-based prompts.

The samples which were released by the company, showed the limitless potential this application possesses in them. This new application has caused massive excitement among users, resulting in AI-based tokens experiencing significant inflow.

Category Performance In The Upcoming Weeks!

The top tokens from this category have added massive gains over the past week, with some tokens multiplying their valuation. The AI tokens are predicted to record a significant uptrend in the upcoming months, with major tokens possibly recording a new high.

Tokens such as Fetch.ai, The Graph, and SingularityNET have added 68.32%, 58%, and 118.57% over the past week, making them the top potential tokens for the upcoming market rally.

Conclusion:

Overall, this category has displayed a significant price action over the past few weeks, indicating a massive inflow from investors. Further, the investors are concerned about the future price action of these tokens resulting in creating a FOMO-like situation in the market.

NOTE: Investing in cryptocurrencies is highly risky as the market is highly volatile. Make sure to do your own research before investing in any digital asset and preferably keep a stop loss to minimize your losses during the times of a market dump.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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