AI coins climbed the leaderboard, with Fetch.ai and SinglarityNET being the top 1 and 2 gainers for the day on Tuesday. The rise in AI coins has been a rally with bullish signals over the past few days.
According to data from CoinMarketCap, at the time of writing, FET is trading at $1.77, up nearly 11.58%, while AGIX was at $0.7245, up approximately 9.65%.
AI Coins Rally With Tech Advancement
With the much-anticipated Bull Run and altcoin season on the horizon, the cryptocurrency market is poised for a significant upswing in the third quarter of 2024. The current market tranquility presents a fantastic opportunity for astute investors. Altcoins are currently trading at exceptionally low levels, signaling a potentially dramatic rise on the horizon.
However, AI tokens are among the most promising of these altcoins. The market is on the brink of a major transformation, presenting a golden opportunity to identify which AI tokens hold the most potential for expansion. AI coins have experienced significant growth, particularly since the AI industry’s development gained momentum.
Nvidia’s optimistic market cap was a key catalyst. Despite the subsequent market cap decline, AI crypto tokens have managed to maintain their positive momentum, hinting at promising future growth.
Will AI Coins Rise Further?
Over the past week, cryptocurrencies connected to artificial intelligence (AI) have increased in value despite Nvidia’s stock losing $430 billion in market capitalization. Nvidia is a firm that cryptocurrency traders keep a close eye on, and it is frequently used to predict the AI cryptocurrency market.
However, the present movement in the market clearly shows how AI coins have a trajectory that is not dependent on external factors. Investor confidence and a bullish momentum are more critical for AI-based cryptocurrencies.
Artificial intelligence is exerting a profound influence on the crypto market, as previously mentioned by Bankless Times. AI coins are digital assets that harness artificial intelligence to enhance scalability, security, and user experiences on blockchain networks.
They actively support a variety of AI-driven initiatives, from decentralized markets and market forecasting to portfolio management.
Coins with AI capabilities also grant governance rights and ease ecosystem transactions. Artificial intelligence may be taught to do a wide range of functions, such as spotting unlawful conduct, evaluating market patterns, and identifying investment opportunities.
