- Artificial Intelligence is changing the world with the success of ChatGPT.
- Nvidia’s total market cap is slowly approaching the $1 trillion level.
- Render Token, AGIX, The Graph, and Fetch Ai could benefit.
Artificial Intelligence (AI) has become the fastest-growing industry this year after the success of ChatGPT. Last week, Nvidia stock price jumped after the company published strong results, thanks to AI. There is a likelihood that its market cap will jump to over $1 trillion soon. This rally has also pushed crypto associated with AI higher. In this crypto price prediction, we look at the top tokens that could benefit, including Render Network Token, AGIX, and The Graph (GRT).
Read more: Artificial Intelligence Software Market Is Projected to Attain $126B By 2025.
Render Token (RNDR) price prediction
Render Network is a blockchain project that could benefit in the age of AI. It provides Graphical Processing Unit (GPU) solutions using the blockchain industry. With GPU costs rising, the number of developers using the network is expected to keep rising.
The growth of AI explains why RNDR price has jumped sharply in the past few months. Last week, the token jumped to a high of $2.9373, 165% above the lowest level in April and almost 600% this year alone. This makes it one of the best-performing cryptocurrencies in the world.
The daily chart shows that RNDR price has been in a strong bullish trend in the past few months. It recently moved above the key resistance point at $2.18, the highest point on February 7 of this year. The token has moved slightly above $2.61, the highest point in April. It has jumped above the 25-day and 50-day moving averages.
Therefore, I believe that the Render Token price has more upside to go in the near term. I suspect that the price will soar to the next key resistance point at $3.50 in the near term.
AGIX price prediction
SingularityNET is another top AI cryptocurrency. The developers are building a marketplace for decentralized AI solutions. Some of the top dApps in its ecosystem are Rejuve, Cogito, Awakening Health, HyperCycle, and Singularity Studio among others. Cogito will have a token generation event on June 2.
AGIX, SingularityNet’s cryptocurrency, has jumped by more than 580% this year, making it one of the top coins. Its market cap has jumped to over $378 million. The daily chart shows that AGIX price has lost momentum in the past few days. It has now retested the descending trendline shown in black.
SingularityNET has moved slightly above the 25-day and 50-day exponential moving averages. Therefore, a break above the descending trendline will likely see the token jump to the next key resistance point at $0.50, which is about 63% above the current level.
The Graph crypto price forecast
The Graph is not necessarily an AI cryptocurrency. Instead, it is a blockchain project that helps developers index big data in the industry. Therefore, investors believe that The Graph crypto price will do well if the industry becomes mainstream.
GRT price has also done well this year having risen by more than 134%. It has lost some of this momentum, with the current price about 45% below the highest level this year. The token has moved slightly below the 25-day and 50-day moving average.
My Graph price prediction is neutral for now. On a positive side, the token will likely continue rising as buyers target the descending trendline at $0.15, which is about 20% above the current level. Alternatively, a move below the support at $0.11 will signal that there are more sellers in the market.
